COINOTAG News, reporting on December 23, citing The Data Nerd monitoring, notes that DBS Bank Singapore received 2,000 ETH from market maker GSR, valued at about $5.93 million. The transfer underscores ongoing institutional use of large-cap digital assets for liquidity management.

Within two days, DBS Bank Singapore had accumulated a total of 4,400 ETH in transfers from GSR, worth roughly $13.2 million, signaling a material uptick in institutional ETH activity and reinforcing Singapore’s position as a hub for digital-asset liquidity. Market participants should watch for further confirmations.