News linked to both this project and an event.
Odaily News According to Onchain Lens monitoring, Abraxas Capital deposited approximately $140 million in assets into Spark over the past 24 hours, including 26,500 ETH, worth $46.33 million; 780 cbBTC, worth $48.53 million; and $45.99 million in USDS (formerly DAI) and USDT. Institutional funds continue to flow into on-chain lending.
according to on-chain analyst Ai Yi's monitoring, the Hyperliquid whale (0x410…75d08), who previously profited $3.5 million by shorting 16 altcoins, withdrew 7,863 ETH from Spark an hour ago and subsequently deposited all of it into Binance, suspected of selling. A week ago, this whale also transferred 6,860 ETH (approximately $10.8 million) to an exchange.
Polymarket has integrated Spark, a Bitcoin Layer 2 payment protocol, allowing users to make instant deposits via the Bitcoin Lightning Network.According to the report, Spark will provide underlying payment infrastructure for Polymarket, enabling users to deposit directly with BTC, with funds arriving in seconds. Compared to traditional on-chain Bitcoin transfers, which take 30 minutes to 1 hour for confirmation, this offers faster speed, lower costs, and greater privacy. This integration is also part of Polymarket's ongoing efforts to enhance the Bitcoin payment experience, following its earlier move to support Bitcoin deposits. (Digital Assets)
According to on-chain analyst Yujian monitoring, F2Pool co-founder Wang Chun (@satofishi, 0xF42...b51) withdrew 9,937 ETH (worth $15.5 million) and 147.5 WBTC (worth $8.7 million) from Binance in the past 6 hours today, and subsequently deposited them into Spark. Since BTC fell below $60,000 and ETH fell below $1,700 at the beginning of this month, Wang Chun has successively purchased approximately 65,700 ETH, valued at $111 million, as well as 966 WBTC, valued at $60.29 million, at an average BTC price of about $62,400 and ETH price of about $1,660. Currently, all of his WBTC and about half of his ETH have been deposited into Spark, while the other half of ETH has been deposited into Ethereum staking.
according to on-chain analyst Ai Yi's monitoring, an address (0xF42…f2b51) associated with F2Pool co-founder Wang Chun appears to be building a position in ETH and WBTC. In the past 4 hours, this address withdrew 7,650 ETH and 124.18 WBTC from Binance, with a total value of $20.666 million, and has now deposited them into Spark.
according to Ember monitoring, an Ethereum 1CO whale still actively trading has borrowed 10 million USDe from Aave 2 hours ago and purchased 5,817 ETH at an average price of approximately $1,719.Currently, this whale has collateralized approximately 147,000 ETH (worth about $253 million) on Aave and Spark, and has borrowed approximately $276 million in stablecoins. The current liquidation price for this position is around $1,432.
According to on-chain analyst Onchain Lens (@OnchainLens), a whale has deposited 10,570 ETH—worth approximately $17.32 million—into Spark, then borrowed 30 million USDS via a looping lending strategy and used the proceeds to purchase 14,730 wstETH, equivalent to roughly 18,250 ETH.
according to on-chain analyst EmberCN's monitoring, 15 minutes ago, a whale on-chain borrowed 30 million USDS from Spark via recursive lending, and then used it to buy 18,212 ETH at an average price of $1,647.
According to on-chain analyst Ember (@EmberCN), Wang Chun, co-founder of F2Pool, withdrew 9,719 ETH—worth approximately $16.16 million—from Binance half an hour ago, and subsequently deposited the ETH into Spark.
according to on-chain analyst Ember monitoring, Ethereum bulls have borrowed a total of 58 million U from Spark today to purchase 32,919.2 ETH, at an average price of $1,762.
according to Ember monitoring, a whale borrowed 50 million USDT from Spark to purchase 20,000 ETH, valued at approximately $40.2 million. This whale had previously spent $500 million to buy BTC and ETH in early February and liquidated 4,000 cbBTC last month, and has now bought ETH again after a month.
According to on-chain analyst Ai Aunt (@ai9684xtpa), the ETH swing whale nemorino.eth purchased 7,908.3 $ETH on-chain via CowSwap 13 hours ago, at an average execution price of $2,117.46, totaling approximately $16.74 million. Of this, 2,372.71 $ETH were bought on leveraged margin after borrowing 5 million $DAI via Spark staking.
According to on-chain analyst Ember (@EmberCN), the whale nemorino.eth purchased 7,908.3 ETH at an average price of $2,113 one hour ago, spending a total of $16.71 million in USDC. The transaction was executed as follows: first, using its own $11.71 million in USDC to buy 5,535.6 ETH; then depositing those ETH into Spark as collateral to borrow $5 million in DAI; and finally using the borrowed DAI to purchase an additional 2,372.7 ETH.
Odaily Odaily Odaily Odaily According to on-chain analyst Ember CN, the whale nemorino.eth (0x8ae...e0d) withdrew 8,424 ETH from Spark 1 hour ago and sold them at $2,124, worth $17.9 million, losing $2.25 million. At the beginning of this month, when ETH rebounded, the address borrowed stablecoins from Spark to leverage long ETH, with an average purchase cost of $2,391. After clearing the position and repaying the loan, the remaining 11.71 million USDC was deposited back into Spark.
according to on-chain analyst Ai Yi’s monitoring, Justin Sun withdrew 41.99 million SPK staking rewards from Spark, valued at $1.23 million, and subsequently deposited all of them into HTX. Since September 2025, Justin Sun has transferred a total of 610 million SPK to exchanges, worth $19.08 million.
: According to monitoring by on-chain analyst @EmberCN, a whale holding 137,400 ETH added another 5,001 ETH to their position 3 hours ago.Data shows that the address borrowed approximately 10.6 million USDT via Spark and Aave, and purchased 5,001 ETH at an average price of around $2,120. Currently, their total holdings amount to 137,400 ETH, valued at approximately $290 million. The position utilizes leverage from Aave and Spark loans, with the current overall liquidation price being approximately $1,324.
: On-chain analyst Tom Wan stated on platform X that the current ETH utilization rate has dropped below 90%, and the lending APY has fallen to 1.9%. Since the rsETH LayerZero cross-chain bridge was attacked, the deposits of wstETH and weETH have decreased by approximately $1.2 billion and $1.76 billion, respectively. As the strategy of leveraged looping wstETH/weETH against ETH becomes profitable again, market attention is turning to whether demand for ETH leveraged loops will return, or if capital will continue to wait on the sidelines or flow into protocols like Spark and Morpho.
according to on-chain analyst EmberCN's monitoring, Spark transferred 326,900 USDS to a buyback wallet 6 hours ago and initiated the 3rd month of SPK buybacks.In the previous two months, Spark spent a total of 986,000 USDS to buy back 41.372 million SPK at an average buyback price of $0.0238.
According to on-chain analyst Ai Aunt (@ai_9684xtpa), the swing trading address nemorino.eth purchased 2,091.43 ETH at an average price of $2,386.78 during the market downturn 12 hours ago—valued at approximately $5 million—and has since deposited the assets into the Spark Protocol to earn interest.
According to on-chain analyst Ai Yi's monitoring, a suspected Justin Sun address has withdrawn another 3.2 million USDT from Spark. Since April 29, it has accumulated withdrawals of $96.62 million in stablecoins. The treasury address 0x939…6A1D1 still holds $1.15 billion in Spark, including 1.02 billion USDS and 131 million USDC.