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These $ETH were first withdrawn from the Aave protocol by the $HTX Recovery wallet, then transferred to $HTX's hot wallet, and finally sent to Binance.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