On December 22nd, local time on December 21st, US President Biden signed a contingency funding bill to prevent the government from "shutting down". This latest bill will continue to provide operating funds for the US government until March next year, thus preventing some federal government agencies from falling into a "shutdown" after 0:00 EST on the 21st. It is reported that the latest bill is almost the same as the bill that failed to pass on the 19th, but it removes the part about the debt ce...
According to on-chain analyst Ember, a total of 2,590 BTC ($156.41M) was transferred to Binance by Justin Sun addresses after the announcement of the change of custody rights of WBTC. Then a newly created address on the Ethereum chain started to withdraw WBTC from Binance, and a total of 1,953 WBTC ($117.78M) has been raised so far. In terms of timing and motivation, it is likely that the Justin Sun team is exchanging BTC for WBTC.