CryptoSlate reports that, according to market observers, three hours ago, a user named Elwood received a cryptocurrency transfer totaling 52 million USDC from the Circle platform. After completing this transfer, Elwood immediately deposited all of the received USDC into the Binance exchange. Following that, Elwood carried out a currency conversion operation, converting all of their USDC into USDT. This series of trading activities reflects Elwood's active behavior in the cryptocurrency market, as well as their preference for Binance and the USDC/USDT stablecoin pair.