Abraxas Capital Makes Major Ethereum Withdrawal As per Tech | AhmedQayyum on Binance Square

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Abraxas Capital Makes Major Ethereum Withdrawal
As per TechFlow, blockchain analytics firm Lookonchain reported on July 10 that Abraxas Capital has withdrawn 29,741 ETH—worth roughly $81 million—from a centralized exchange (CEX) in the last 12 hours.
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Binance Market Update – June 30, 2025 By Ahmed Qayyum | Crypto Insights The crypto market continues to display resilience and cautious optimism as we wrap up June 2025. Binance’s native token, BNB, is trading around $653.97, showing modest gains following the much-anticipated “Maxwell” Hard Fork, which officially launched today. This major upgrade has effectively halved the BNB Chain’s block time, aiming to boost transaction throughput and scalability for DeFi and GameFi applications. Meanwhile, Bitcoin (BTC) remains stable around the $107,600 mark, consolidating within a tight range of $107,250 to $108,790. Despite limited price movement today, institutional interest remains strong. Metaplanet recently added another 1,005 BTC to its reserves, while Cel AI secured £10 million to invest in Bitcoin, with a shareholder vote due in mid-July. The broader crypto market cap has climbed to $3.31 trillion, reflecting a 0.68% daily increase. Among today’s standout performers are LEVER/USDT (+35%), HFT/USDT (+24%), and ARB/USDT (+16%), signaling rising investor appetite in select altcoins. Additionally, Chainlink (LINK) has seen substantial exchange withdrawals—over 3.86 million tokens (~$51 million)—indicating possible accumulation by long-term holders. On the technical side, analysts are watching Bitcoin's next breakout level near $109.5k, while BNB faces resistance just above $651. $BTC $ETH $BNB The upcoming Polygon network fork scheduled for July 1st is another key event to monitor, as network operations will temporarily pause. In summary, today’s market sentiment is marked by cautious accumulation, innovation-driven upgrades, and a steady influx of institutional capital—positioning the market for potential upward momentum as July begins.

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