50,600 Ethereum (approximately $181 million) was transferred to Binance today from Justin Sun’s cryptocurrency Exchange HTX, according to on-chain data.
These ETH were first withdrawn from the Aave protocol by the HTX recovery wallet and then transferred to the HTX hot wallet, which was eventually sent to Binance. Over the past week, this method has moved a total of 160,600 ETH (approximately $518 million) from HTX to Binance.
Today was again the first in the history of the cryptocurrency market. The total market capitalization of all crypto assets was for the first time above $4 trillion, breaking records. Bitcoin (BTC) and Ethereum (ETH) accounted for more than 70% of this value. An increase in investor interest and regulatory victory in the US played a key role in this surge.
Bitcoin rose 1.4% in the last 24 hours to $120,336, while Ethereum won 6.4%, reaching $3,647, according to Coingecko data. BTC’s market capitalization reached $2.39 trillion, while ETH reached $440.4 billion. However, both assets have receding somewhat, with BTC currently trading at $118,172 and ETH at $3,556.
Just before this historic surge, the US Congress on Thursday approved two important laws that resonated heavily in the crypto world. This provides a genius law that provides the first federal framework of stable stability within the country, and a clear law that provides the legal basis for Broader Crypto Assets.
*This is not investment advice.