According to TechFlow, an on-chain analyst named Ember monitored that a certain address withdrew 8,014.6 ETH (about 25 million USD) from Binance again 6 hours ago, and a total of 24,463.3 ETH (about 75 million USD) was withdrawn in 24 hours, with an average price of 3,066 USD.

This address should belong to Elwood: Elwood minted and transferred $75 million USDC from Circle to Binance in the past day, and then withdrew $75 million worth of ETH (24,463.3) from Binance through this address.

- On the evening of July 9, USDC worth 50 million was transferred to Binance, and ETH worth 50 million (16,448.7) was withdrawn from Binance in the early morning of July 10;

- On the evening of July 10, USD 25 million of USDC was transferred to Binance, and in the early morning of July 11, ETH worth USD 25 million (8,014.6 ETH) was withdrawn from Binance.

These 24,463.3 ETH (about 75 million US dollars) are currently stored in the 0x867...78b address.