According to Omkar Godbole from MMS Finance, Abraxas Capital Management has called for a ban on memecoins during the ConsensusHK2025 event. The firm argues that memecoins lack fundamental value and pose significant risks to uninformed investors, potentially leading to market volatility (source: Omkar Godbole, MMS Finance, CMT, Twitter). This perspective suggests traders might consider avoiding investments in memecoins due to their unstable nature and potential regulatory challenges.

According to OnchainDataNerd, Tether Treasury transferred 100 million USDT to Abraxas Capital Management's wallet on the Kraken exchange one hour ago. Within a 24-hour span, Abraxas Capital received a total of $236.27 million from Tether. Additionally, two other wallets, potentially linked to Wintermute, deposited 16.5 million USDT to Binance. These substantial movements in USDT may indicate significant trading activities or strategic fund allocations by the involved entities.

According to @ai_9684xtpa, Abraxas Capital Management recently withdrew 32,000 ETH (valued at $111 million) from Spark Protocol and deposited it all into Bitfinex. Earlier this morning, the firm had deposited 15,000 ETH into Spark Protocol as collateral, borrowed 25 million USDC, and transferred it to a Binance wallet.

According to @OnchainDataNerd, a whale, possibly Abraxas Capital Management, withdrew 30,000 ETH (~$101.5M) from Bitfinex and staked it into Spark. Additionally, Matrixport withdrew 5,308 ETH (~$17.94M) from Binance one hour ago.