Abraxas Capital deposits 2,211 $BTC to Kraken and 30,825 $ETH to Binance

UBS has cut its target price for Google’s parent company Alphabet (GOOG.O) from $400 to $379.

As of the end of June, Google, a subsidiary of Alphabet Inc., has signed future expenditure commitments totaling $811 billion, a surge of nearly $500 billion from just three months prior. These obligations, disclosed separately from Alphabet’s capital expenditure budget, represent funds committed for purchases under supply agreements and outstanding purchase orders. Google revealed in a quarterly filing that roughly $200.7 billion of the total is earmarked for short-term spending. The commitments cover a wide array of items ranging from chips and data centers to power, inventory, and content licenses. This sharp growth highlights how rapidly Alphabet is locking in resources as it expands the infrastructure needed for its AI business. According to market data from BIT (bit.com), Alphabet’s intraday drop widened to over 7%.

With bipartisan backing from a small number of Republican lawmakers, the U.S. House of Representatives has passed a second resolution on the Iran War Powers Act, calling on Trump to halt the war against Iran. The day’s roll call vote in the House stood at 214 in favor and 208 against. Four Republican congressmen joined Democrats to vote for the resolution. In June this year, the House passed a similar measure, with four Republican lawmakers supporting it then as well. Beyond its symbolic value, the action underscores the unpopularity of the Iran conflict and the growing concerns among a small group of Republican legislators.

OnchainLens monitoring shows that Abraxas Capital has moved $223.53 million in assets to trading platforms over the past seven hours, with the following allocations: 2,211 Bitcoin (BTC) to Kraken, worth ~$143.88 million; 30,825 Ethereum (ETH) to Binance, ~$59.2 million; 11.5 million USDC and 690,000 USDT to Binance, totaling ~$12.19 million; 5.89 million USDT to Bitstamp, ~$5.89 million; and 2.365 million USDC to Kraken, ~$2.37 million.

BitMine, the largest Ethereum treasury, Chairman Tom Lee cited his own previous interview, stating that artificial intelligence is approaching the "wealth uncanny valley". At a future stage, the income generated by an individual’s AI agent could exceed that from their own labor. When this moment arrives, people may begin to question whether they are working for AI or AI for them. AI agents could take over bank accounts, replace some jobs, and even build independent financial systems. Tom Lee admitted that this trend "might make people fear the future".

Ondo Finance announced that its SEC-registered broker-dealer subsidiary, Oasis Pro Markets, has secured U.S. regulatory authorization to launch a tokenized securities market and services in the U.S. The authorization covers over-the-counter trading, primary market underwriting, private placements, and other related activities.