Following the Market Rally, Justin Sun Transfers a Controversial Large Amount of Altcoins to Binance

According to on-chain data, 50,600 Ethereum (approximately $181 million) was transferred from Justin Sun's cryptocurrency exchange HTX to Binance today.

These ETH were first withdrawn from the Aave protocol by the HTX Recovery wallet, then transferred to HTX's hot wallet, and finally sent to Binance.

A total of 160,600 ETH (approximately $518 million) was transferred from HTX to Binance via this method over the past week.

Today also marked a first in cryptocurrency market history: The total market capitalization of all crypto assets surpassed $4 trillion for the first time, breaking a record.

Bitcoin (BTC) and Ethereum (ETH) accounted for over 70% of this value.

Rising investor interest and regulatory victories in the US played a significant role in this surge.

Related News: Richard Teng, CEO of Binance, Gives a Special Interview on the Company's Founding Anniversary: Is the IPO Coming? According to CoinGecko data, Bitcoin rose 1.4% in the last 24 hours, reaching $120,336, while Ethereum gained 6.4%, reaching $3,647. BTC's market capitalization reached $2.39 trillion and ETH's reached $440.4 billion.

However, both assets have since retreated somewhat, with BTC currently trading at $118,172 and ETH at $3,556. Just ahead of this historic surge, the US Congress on Thursday approved two significant pieces of legislation that have resonated heavily in the crypto world: the GENIUS Act, which provides the first federal framework for stablecoins in the country, and the CLARITY Act, which provides legal groundwork for broader crypto assets. *This is not investment advice.

Continue Reading: Following the Market Rally, Justin Sun Transfers a Controversial Large Amount of Altcoins to Binance.

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