Good work, but why did you make the size smaller?
also the ax seems to be rather smokey (I think you were going for glare?), so if you want you can revert it back to how it was in the second picture.
also can you try and make the font look a little bit more 3D? (just a smidge) I realize that is what you were going for in the second wip, but I'm a really picky person. and I'm truly sorry