PANews reported on June 26 that according to monitoring by Ember, a whale exchanged 220.1 cbBTC (about 20.81 million US dollars) for 6,202.4 ETH at the beginning of the yearPANews reported on June 26 that according to monitoring by Ember, a whale exchanged 220.1 cbBTC (about 20.81 million US dollars) for 6,202.4 ETH at the beginning of the year

A whale exchanged BTC for ETH at the beginning of the year and now has a floating loss of 8.37 million US dollars. Recently, frequent operations have lost another 105 ETH

2025/06/26 13:07
1 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

PANews reported on June 26 that according to monitoring by Ember, a whale exchanged 220.1 cbBTC (about 20.81 million US dollars) for 6,202.4 ETH at the beginning of the year at an exchange rate of 0.0354. At that time, BTC was quoted at 94,548 US dollars and ETH was quoted at 3,355 US dollars. If the address had held the coins until now, its BTC holdings would have appreciated to about 23.72 million US dollars, while the current value of ETH is only 15.35 million US dollars, with a paper loss of up to 8.37 million US dollars.

What is more noteworthy is that this address recently started a new round of band operations: 4 days ago, 3158 ETH were sold at a price of $2378 in exchange for about 7.51 million DAI, and then 3 hours ago today, this DAI was used to repurchase 3053 ETH at a price of $2460. This round of operations caused a loss of 105 ETH (about $260,000).

Market Opportunity
Bitcoin Logo
Bitcoin Price(BTC)
$71,867.31
$71,867.31$71,867.31
-0.37%
USD
Bitcoin (BTC) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Tags:

You May Also Like

Shiba Inu Price Prediction Weakens as AI Token Sector Surges 30% to $19B While Pepeto SHIB and TAO Take Different Paths

Shiba Inu Price Prediction Weakens as AI Token Sector Surges 30% to $19B While Pepeto SHIB and TAO Take Different Paths

The shiba inu price prediction is losing momentum at exactly the moment the AI token sector is capturing all the attention, with the category’s market cap surging
Share
Captainaltcoin2026/04/02 18:30
U.S. Dollar Plummets as Stable Iran Ceasefire Hopes Spark Dramatic Flight to Risk Assets

U.S. Dollar Plummets as Stable Iran Ceasefire Hopes Spark Dramatic Flight to Risk Assets

BitcoinWorld U.S. Dollar Plummets as Stable Iran Ceasefire Hopes Spark Dramatic Flight to Risk Assets NEW YORK, March 15, 2025 – The U.S. dollar experienced a
Share
bitcoinworld2026/04/10 05:50
UK crypto holders brace for FCA’s expanded regulatory reach

UK crypto holders brace for FCA’s expanded regulatory reach

The post UK crypto holders brace for FCA’s expanded regulatory reach appeared on BitcoinEthereumNews.com. British crypto holders may soon face a very different landscape as the Financial Conduct Authority (FCA) moves to expand its regulatory reach in the industry. A new consultation paper outlines how the watchdog intends to apply its rulebook to crypto firms, shaping everything from asset safeguarding to trading platform operation. According to the financial regulator, these proposals would translate into clearer protections for retail investors and stricter oversight of crypto firms. UK FCA plans Until now, UK crypto users mostly encountered the FCA through rules on promotions and anti-money laundering checks. The consultation paper goes much further. It proposes direct oversight of stablecoin issuers, custodians, and crypto-asset trading platforms (CATPs). For investors, that means the wallets, exchanges, and coins they rely on could soon be subject to the same governance and resilience standards as traditional financial institutions. The regulator has also clarified that firms need official authorization before serving customers. This condition should, in theory, reduce the risk of sudden platform failures or unclear accountability. David Geale, the FCA’s executive director of payments and digital finance, said the proposals are designed to strike a balance between innovation and protection. He explained: “We want to develop a sustainable and competitive crypto sector – balancing innovation, market integrity and trust.” Geale noted that while the rules will not eliminate investment risks, they will create consistent standards, helping consumers understand what to expect from registered firms. Why does this matter for crypto holders? The UK regulatory framework shift would provide safer custody of assets, better disclosure of risks, and clearer recourse if something goes wrong. However, the regulator was also frank in its submission, arguing that no rulebook can eliminate the volatility or inherent risks of holding digital assets. Instead, the focus is on ensuring that when consumers choose to invest, they do…
Share
BitcoinEthereumNews2025/09/17 23:52

$30,000 in PRL + 15,000 USDT

$30,000 in PRL + 15,000 USDT$30,000 in PRL + 15,000 USDT

Deposit & trade PRL to boost your rewards!