Hong Kong-based digital asset management firm, Metalpha, has made a significant move by depositing 5,000 ETH into Binance, according to data from Arkham Intelligence reported by Lookonchain. This transaction, valued at approximately $20.91 million, highlights the growing institutional interest in cryptocurrency and the active participation of Asian firms in the digital asset market. Metalpha's decision to transfer such a substantial amount of ETH to Binance suggests potential trading activity, portfolio adjustments, or strategic positioning within the crypto ecosystem. The move underscores Binance's continued relevance as a major exchange for institutional players. It remains to be seen how this influx of ETH will impact market dynamics in the short term. This deposit is part of continuing movement of cryptocurrency assets to centralized exchanges. ```

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