According to on-chain data, 50,600 Ethereum (approximately $181 million) has been transferred from Justin Sun's HTX cryptocurrency exchange to Binance today.
This amount of ETH was initially withdrawn from the Aave protocol by the HTX Recovery wallet, then transferred to the HTX hot wallet, and finally sent to Binance. A total of 160,600 ETH (approximately $518 million) has been transferred from HTX to Binance through this method in the past week.
Today also marks a significant milestone in the history of the cryptocurrency market: The total market capitalization of all cryptocurrencies has surpassed $4 trillion for the first time, breaking records. Bitcoin (BTC) and Ethereum (ETH) account for over 70% of this value. The growing interest from investors and legal victories in the United States have played a crucial role in this growth.
According to data from CoinGecko, Bitcoin has increased by 1.4% in the past 24 hours, reaching $120,336, while Ethereum has risen by 6.4%, reaching $3,647. The market capitalization of BTC is $2.39 trillion and ETH is $440.4 billion. However, both of these cryptocurrencies have slightly declined since then, with BTC currently trading at $118,172 and ETH at $3,556.
Just before this historic surge, the U.S. Congress passed two significant bills that made a big impact in the cryptocurrency world on Thursday: The GENIUS Act, which provides the first federal framework for domestic stablecoins, and the CLARITY Act, which provides a legal foundation for broader cryptocurrency assets.
