Trend Research, a subsidiary of Yilihua, borrowed $20 million from Aave an hour ago and deposited it into Binance.
TL;DR
Trend Research, a subsidiary under Yi Lihua, borrowed $20 million from Aave and deposited it into Binance. The firm is also increasing its ETH holdings with $1 billion prepared for further investments.
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[Trend Research, under Yi Lihua, borrowed $20 million from Aave and deposited it into Binance one hour ago] According to Mars Finance, on December 24th, Arkham monitoring showed that Trend Research, a cryptocurrency holding address under Yi Lihua, borrowed $20 million from Aave and deposited it into Binance one hour ago. Today's news also indicates that Trend Research, Yi Lihua's secondary investment arm, continued to increase its holdings of 46,379 ETH, worth approximately $137 million, through leveraged borrowing. Yi Lihua stated that "Trend Research has prepared another $1 billion to continue increasing its ETH holdings."