TechFlow reports, according to on-chain data analyst @ai_9684xtpa, Tether transferred 632 million USDT to Cumberland DRW over the past 13 hours. In the last three days, the total amount of USDT transferred from Tether Treasury to DRW has reached 1.178 billion.
Notably, Cumberland DRW is one of Binance's key market makers, and approximately 79% of USDT issued to Cumberland is directly sent to Binance.

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