Gate News message, April 3, according to Gate market data, as of the time of writing, YB (Yield Basis) is trading at $0.1398. Within the past 24 hours, it has risen 40.20%, with a high of $0.1486 and a low of $0.09923. The total 24-hour trading volume reached $1.2116 million. The current market cap is approximately $12.2908 million. Yield Basis is a DeFi protocol that uses leveraged liquidity and Curve’s crvUSD to increase the returns of BTC and ETH holders, while also aiming to eliminate impermanent loss. The protocol’s total value locked (TVL) currently stands at $170.44 million. It supports multiple markets, including cbBTC, tBTC, WBTC, and WETH,

Gate News reports that on March 16, according to Onchain Lens monitoring, a certain OTC whale address "0xfb7" transferred 12,000 ETH (approximately $27.43 million) to FalconX and transferred 330 cbBTC to a certain CEX, suspected to be preparing to sell in order to repay loans. Currently, the whale holds: 3,670 cbBTC (approximately $273.56 million), 120,380 stETH (approximately $276.7 million), and 17,753 WETH (approximately $40.76 million).

Gate News bot message, OTC whale "0xfb7" transferred 23,500 $ETH ($47.47M) into CEX for sale and loan repayment. The whale currently holds 4,000 $cbBTC ($269M), 120,380 $stETH ($243.27M), and 29,727 $WETH ($60.16M). The whale has borrowed $97.26M $USDT from Aave.

Gate News Bot Message, February 12th, according to CoinMarketCap data, as of press time, YB (YieldBasis) is currently trading at $0.20, up 18.51% in the past 24 hours, with a high of $0.20 and a low of $0.13. The current market cap is approximately $17.4 million, an increase of $2.72 million from yesterday. YieldBasis is a DeFi platform that generates returns based on market volatility. Users can earn rewards through trading profits or token rewards, with trading profits coming from market activity and token rewards obtained by depositing liquidity to earn YB tokens. The platform currently manages a total value locked (TVL) of $175 million, offering 4 active markets with a maximum market yield of 43%. Supported assets include mainstream cryptocurrencies such as cbBTC, tBTC, WBTC, and WETH, allowing users to choose different yield strategies based on their needs.

According to on-chain analysis, some large ETH holders are cutting their losses. Among them, the whale nemorino.eth has liquidated 7107.08 WETH, incurring a loss of over 3.769 million USD. Meanwhile, another whale has deposited 3500 ETH, with a total value of 8.42 million USD.

Odaily Planet Daily reports that on-chain analyst Ai Yi monitored that the "ETH holdings were rebalanced to WBTC after 4 years," with a giant whale exchanging $9.06 million worth of WETH for WBTC. In the past 20 minutes, he sold 3,437.09 ETH at an average price of $2,637.62 and bought 109.61 WBTC for $82,494.79; previously, his first rebalancing earned him a 6.45% ETH holding, and the second rebalancing earned him 9.26 WBTC (approximately $810,000).

It is reported that on-chain analysts have detected a whale holding for 4 years frequently exchanging WETH and WBTC, involving over $50 million, attempting to profit from exchange rate fluctuations. The most recent rebalancing earned approximately $810,000.

Swing trader nemorino.eth bought 9,043 WETH at an average price of $3,085 from November 24, 2024, to January 20, 2025. He previously had an unrealized profit of $2.87 million but did not take profit. Recently, he sold 3,000 WETH for a profit of only $30,000. He currently still holds 4,089.83 WETH, with an unrealized loss of approximately $472,000.

ChainCatcher message, according to Arkham data, at 06:02, 4000 ETH (worth approximately $12.47 million) was transferred from Veda to the Wrapped Ether (WETH) contract address.

WLFI Strategic Reserve's $15.07 million worth of WBTC extracted from Aave has been fully converted into WETH. During the liquidation process, a loss of $1.978 million was incurred, resulting in 4611.65 WETH with an average cost of $3260.88.