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Abraxas Capital has been on a buying spree—pulling out 185,309 ETH (worth around $399M) from exchanges over the last 3 days.

This move coincides with ETH’s strong rally from $1,800 to $2,600, marking a sharp 44% surge.



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Abraxas Capital has been on a buying spree—pulling out 185,309 ETH (worth around $399M) from exchanges over the last 3 days.

This move coincides with ETH’s strong rally from $1,800 to $2,600, marking a sharp 44% surge.

BY Technical CRYPTO Analyst




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Telegram Be The Next Best SPAC

I have no inside knowledge of a potential stock listing of the popular anti-Whatsapp messaging app, Telegram. But I know this much, judging by most people I talk to, especially crypto investors, if Telegram ever went public, people would gobble it up. I know I would. I’m waiting for it. So is Sergei Sergienko, who claims he owns $800,000 of Telegram’s pre-initial coin offering (ICO) tokens. “If Telegram does a SPAC IPO, there would be demand for this issue. It would probably outstrip the interest we saw during the ICO. Why? Because as of right now Telegram looks like a liberal application that can accept anyone - right after WhatsApp and others have turn on the censorship,” he says.

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