Institutions inject over $260 million Tether (USDT) into exchanges signaling a unique bull run

A notable transfer of around $246 million in Tether (USDT) poured into the crypto industry by market-moving players, according to latest data by Lookonchain. Cumberland deposited the USDT amount received from Tether Treasury into exchanges Coinbase, Kraken, and OKX. While details about the series of transactions remain vague, their effect on market liquidity remains unquestionable. […]