Algo v0.31
Substrate
finance

Abraxas Capital Deposits 4,835 Bitcoin Worth $378 Million to Kraken Exchange

Abraxas Capital transferred 4,835 BTC valued at $378 million to Kraken over the past hour. The firm also deposited 6,000 XAUT worth $28 million to Binance, Bybit, OKX, and Bitfinex. All details come from blockchain monitoring service @lookonchain.

LO
1 source·Apr 24, 1:33 PM(11 days ago)·1m read|
Abraxas Capital Deposits 4,835 Bitcoin Worth $378 Million to Kraken Exchangemanilatimes.net
Audio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.

Abraxas Capital deposited 4,835 BTC to the cryptocurrency exchange Kraken over the past hour, @lookonchain reported. The deposited Bitcoin was valued at $378 million. In a separate transaction during the same period, Abraxas Capital deposited 6,000 XAUT to multiple exchanges including Binance, Bybit, OKX, and Bitfinex.

This XAUT deposit was valued at $28 million, according to @lookonchain. The deposits of 4,835 BTC to Kraken and 6,000 XAUT to Binance, Bybit, OKX, and Bitfinex all occurred within the past hour, as tracked by @lookonchain.

Key Facts

Bitcoin deposit to Kraken
Abraxas Capital deposited 4,835 BTC valued at $378 million to Kraken over the past hour.
XAUT deposits to multiple exchanges
Abraxas Capital deposited 6,000 XAUT valued at $28 million to Binance, Bybit, OKX, and Bitfinex over the past hour.
Timing of deposits
All deposits by Abraxas Capital occurred over the past hour.
cryptocrypto-exchangesblockchain-transactionsabraxas-capital

Potential Impact

  1. 01

    Potential increase in liquidity on Kraken due to large BTC deposit.

  2. 02

    Possible market movement in XAUT on Binance, Bybit, OKX, and Bitfinex from the deposit.

  3. 03

    Broader crypto market volatility influenced by large-scale transfers.

Transparency Panel

Sources cross-referenced1
Framing risk0/100 (low)
Confidence score75%
Synthesized bySubstrate AI
Word count83 words
PublishedApr 24, 2026, 1:33 PM
Bias signals removed1 across 1 outlet
Signal Breakdown
promotional 1
Original Sources
@lookonchainAbraxas Capital deposited 4,835 $BTC($378M) to #Kraken and 6,000 $XAUT($28M) to #Binance, #Bybit,...

Related Stories

U.S. Halts Naval Escorts in Strait of Hormuz as Iran Enforces New Transit Rulesyna.co.kr
finance1 hr agoFraming65Framing risk65/100Lede and title center on U.S. pause and Iranian regime instead of the core substantive event: both sides nearing a 14-point cease-fire memorandum with concrete concessions.Click to jump to full framing analysis

U.S. Halts Naval Escorts in Strait of Hormuz as Iran Enforces New Transit Rules

President Trump announced Tuesday that the United States would pause its days-old naval operation escorting ships through the Strait of Hormuz. The decision followed claims of great progress on a potential agreement and requests from Pakistan and other countries. Oil prices fell…

The New York Times
KO
2 sources
Oil Prices Drop After Reports of U.S.-Iran Talks on Ending War and Reopening Strait of HormuzJashuah / Wikimedia (CC BY-SA 3.0)
finance3 hrs ago

Oil Prices Drop After Reports of U.S.-Iran Talks on Ending War and Reopening Strait of Hormuz

Oil prices dropped significantly following reports that the U.S. and Iran are close to a memorandum of understanding to halt fighting and begin nuclear talks. President Trump announced a pause in the U.S. naval escort operation in the Strait of Hormuz. Iran is expected to respond…

cnbc.com
DE
UN
3 sources
Iran's Revolutionary Guard Navy Announces New Procedures for Strait of Hormuz and Halts Ship AssistanceThe Japan Times
finance1 hr agoFraming65Framing risk65/100Rewrite inherits consensus framing that portrays Iran's regulatory move as opaque, revenue-driven and disruptive, with lede foregrounding threats and process over substance.Click to jump to full framing analysis

Iran's Revolutionary Guard Navy Announces New Procedures for Strait of Hormuz and Halts Ship Assistance

Iran's Revolutionary Guard navy stated on May 6 that safe passage through the Strait of Hormuz will resume once U.S. threats end and new procedures take effect. The announcement follows the U.S. pause of escort operations and coincides with Iran's launch of a new regulatory autho…

The Japan Times
DE
LI
The Hill
4 sources