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Spot gold drops $8 in the short term, trading at $4,427 per ounce
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U.S. Treasury Secretary Yellen urges the Federal Reserve to further cut interest rates
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WLFI reserve address has fully converted 15.07 million USD worth of WBTC into WETH
BlockBeats News, January 7 — According to on-chain analyst Ai Yi (@ai_9684xtpa), the WLFI Strategic Reserve’s $15.07 million worth of WBTC taken from Aave has been fully converted into WETH.
As a result, the address has completed clearing out its WBTC holdings. These tokens were purchased on January 2, 2024, at an average price of $104,710.55. The sale resulted in a loss of $1.978 million. Additionally, the 4,611.65 WETH received in exchange has an average cost of $3,260.88.