ChainCatcher message, according to The Data Nerd report, in the past hour, Tether Treasury transferred 100 million USDT to the wallet of Abraxas Capital Management on the Kraken exchange. Notably, in the past 24 hours, Abraxas has received a total of 236.27 million USDT from Tether.At the same time, two other wallets suspected to belong to Wintermute deposited 16.5 million USDT to Binance.

ChainCatcher message, according to monitoring by The Data Nerd, 30 minutes ago, a whale address (possibly belonging to Abraxas Capital) deposited 5,433 ETH (approximately 21.27 million USD) to Binance and Bitfinex. In the past 13 hours, he has deposited a total of 11,753 ETH (approximately 45.79 million USD) to the aforementioned exchanges, with an ETH cost price of 2,968 USD, expecting to realize a profit of 10.9 million USD.

ChainCatcher message, according to on-chain data analyst @ai_9684xtpa monitoring, Abraxas Capital Mgmt associated with the address starting with 0xEd0 is suspected of dumping $75.39 million of WBTC and ETH.In the past 4 hours, the address has deposited 200 WBTC (approximately $16.21 million) to Binance and 18,500 ETH (approximately $59.18 million) to Bitfinex.

ChainCatcher news, according to The Data Nerd monitoring, Abraxas Capital Management deposited 13 million USDC to Bybit 1 hour ago.Prior to this, the institution had staked wstETH on the decentralized lending platform AAVE and borrowed an equivalent amount of USDC.

ChainCatcher message, according to Scopescan monitoring, Abraxas Capital related addresses received 10 million USDT from Aave and deposited it all into Coinbase.

ChainCatcher message, according to Scopescan monitoring, an address associated with Abraxas Capital received 5000 ETH from Spark Protocol today, worth approximately 13.4 million dollars, and then transferred all of these ETH to Lido Finance.

ChainCatcher news, according to TheBlock, the U.S. Securities and Exchange Commission (SEC) has reached a settlement with Plutus Lending LLC, which operates under the name Abra. The SEC stated, "Without admitting or denying the SEC's allegations, Abra has agreed to an injunction prohibiting it from violating the registration provisions of the Securities Act and the Investment Company Act, and has agreed to pay a civil penalty, the amount of which will be determined by the court." The SEC accused Abra of failing to register its retail crypto asset lending product Abra Earn's offerings and sales, and of operating as an unregistered investment company.According to the SEC's lawsuit, Abra used customers' digital assets "to generate income for itself and fund interest payments." Abra Earn generated nearly $600 million in crypto assets for Abra, with $500 million coming from U.S. customers.

ChainCatcher message, according to monitoring by The Data Nerd, 8 hours ago, a wallet address belonging to Abraxas Capital withdrew a total of 17,000 ETH (approximately 44.32 million USD) from Bitfinex. Subsequently, the address deposited 10,000 ETH into AAVE and another 7,000 ETH into Spark.

ChainCatcher message, according to Arkham monitoring, 10,000 ETH was transferred from Bitfinex to a suspected Abraxas Capital Mgmt (Heka Funds) address about 14 minutes ago, amounting to approximately 26.05 million USD.

ChainCatcher News, New Jersey (NJ) Attorney General Matthew J. Platkin, the Division of Consumer Affairs, and the New Jersey Bureau of Securities announced on Monday that investors in the state should immediately withdraw funds from the cryptocurrency trading and lending platform Abra.Prior to this, the company was under a multi-state investigation for allegedly violating state securities laws by selling interest-bearing accounts. Abra has raised over $116 million nationwide, including $2.97 million from investors in New Jersey. The investigation led by the Texas State Securities Board has resulted in Abra gradually scaling back its U.S. operations.According to the terms of the agreement, virtual assets in accounts on the New Jersey Abra platform will be converted to U.S. dollars, and investors will be issued refund checks for amounts of $10 or more. Amounts less than $10 will remain on the platform for investors to withdraw.

ChainCatcher news, Abra's head of over-the-counter options trading Bohan Jiang stated that the recent macroeconomic downturn has caught the derivatives market off guard, with the Chicago Board Options Exchange's Volatility Index (VIX) soaring. In the past 24 hours, the VIX has surged above 65 points, marking the highest level since the market panic at the onset of the COVID-19 pandemic.Bohan Jiang said, "I expect that the implied volatility in the cryptocurrency market will remain high until macro factors stabilize. Most options market participants were not prepared for the recent macroeconomic recession. As the macro narrative shifts, the cryptocurrency market still tends to trend upward; there is almost no hedging against downside risks."

ChainCatcher news, according to Bloomberg, Valkyrie Investments has sold its private trust business to the digital asset service platform Abra, which includes Tron and Zilliqa trusts. It is reported that the deal was reached in May, and Abra settled with 25 states in the U.S. last week.In March this year, digital asset investment firm CoinShares announced the completion of its acquisition of Valkyrie Funds LLC ("Valkyrie") ETF business, while CoinShares will also acquire the investment consulting business of Valkyrie Investments Inc. ("Valkyrie Investments") and obtain the sponsorship rights for Valkyrie's Bitcoin spot ETF BRRR.CoinShares plans to leverage Valkyrie's ETF infrastructure to develop its U.S. asset management business, with a clear focus on product innovation and market differentiation. This acquisition is expected to bring CoinShares an additional $530 million in assets under management.

ChainCatcher news, according to The Data Nerd monitoring, 5 minutes ago, Abraxas Capital Management just deposited 10,000 Ethereum (approximately 34.34 million USD) to Binance. These Ethereum were unlocked from ether.fi 10 minutes ago.

ChainCatcher news, according to on-chain analyst @ai_9684xtpa's monitoring, Abraxas Capital Mgmt has repaid all loans from Spark Protocol in the past 19 hours and has proposed 70,153 ETH, worth $244 million. Among them, 52,200 ETH has been deposited into Bitfinex, with 17,957 ETH remaining in the wallet.

ChainCatcher news, according to CoinDesk, digital asset service and wealth management platform Abra has announced the launch of Abra Treasury, which will provide services for businesses looking to hold cryptocurrencies as reserve assets on their balance sheets. The service will be operated by Abra Capital Management, a registered investment advisor with the U.S. SEC, offering a range of digital asset financial management solutions for businesses, family offices, and non-profit organizations.The company stated that the products of Abra Treasury combine custody, trading, lending, and yield services, allowing clients to hold their cryptocurrencies in separately managed accounts, thereby enabling them to retain ownership of their digital assets.

ChainCatcher news, according to on-chain analyst @ai_9684xtpa's monitoring, Abraxas Capital Mgmt withdrew 32,000 ETH (worth $111 million) from Spark Protocol two minutes ago, and then deposited all of it into Bitfinex.This morning, the institution also deposited 15,000 ETH into Spark as collateral, borrowed 25 million USDC, and then transferred it to Binance.

According to ChainCatcher's message, on-chain analyst Yu Jin monitored that the whale address labeled as Abraxas Capital by Arkham withdrew a total of 60,000 ETH from Bitfinex in the past 15 hours, worth approximately $203 million.Then, these ETH were deposited into Spark as collateral to mint and borrow 101 million DAI, which was then exchanged on-chain for 101 million USDC and transferred to Binance. It may be used for leveraged investment.

According to ChainCatcher news and CoinDesk reports, digital investment platform Abra and its founder and CEO William Barhydt have reached a settlement with financial regulators in 25 states. Abra will refund up to $82 million in cryptocurrency to U.S. customers in these states for operating its mobile application without the proper licenses. The settlement agreement requires Abra to cease accepting cryptocurrency distributions and trades from U.S. Abra Trade customers.Barhydt also agreed not to participate in any capacity in the money services business within these 25 states for the next five years. Charlie Clark, director of the Washington State Department of Financial Institutions, stated that state financial regulators will hold violators accountable. An Abra spokesperson noted that this settlement also addresses issues related to unregistered securities sales with certain state securities regulators. Since June 2023, Abra has refunded over $250 million, approximately 99% of the assets held by its U.S. retail customers. Abra continues to operate in the U.S. through its SEC-registered investment advisor, Abra Capital Management.

ChainCatcher news, according to @ai_9684xtpa's monitoring, two hours ago Abraxas Capital Management withdrew 3,480 ETH from Compound and then deposited it all into Kraken, worth 10 million dollars.

ChainCatcher news, according to Scopescan monitoring, Abraxas Capital withdrew 20,881 ETH ($62 million) from Compound and Bitfinex, and then staked all of it to ETHFI.