ETH Whale Deposits $120M USDT to Binance Amid Market Rebound

An Ethereum whale, known as "66kETHBorrow," has deposited $120 million in USDT to Binance, potentially for further accumulation of ETH. Previously, the whale borrowed the funds from Aave and has already amassed 385,718 ETH, valued at $1.33 billion.

ETH increased by 2.9% over 24 hours, trading at $3,540 with a market cap of nearly $430 billion.
The US government shutdown ended after President Trump signed a bill following a 222-209 House vote, boosting market confidence.
The global crypto market cap rose 0.4% to $3.5 trillion, with total trading volume increasing by 12% to over $175 billion, indicating heightened trader interest.
Binance experienced over $1 billion in stablecoin inflows, suggesting potential upcoming buying activity.