Galaxy Digital clocks biggest trading day of year on US election day: Report
Trump’s win sparked a surge of interest in crypto, Galaxy’s CEO reportedly said. Go to Source
Galaxy Digital
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Crypto funding drops 20% in Q3 due to ‘barbell market’ — Galaxy Digital
Bitcoin and low-cap, high-risk memecoins led the crypto market in the third quarter leading venture capitalists to overlook mid-tier projects. Go to Source
Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to provide Rhodium with a loan of either $30 million in dollars or 500 bitcoin. … Read more
State Street teams up with Galaxy, eyeing new ETFs beyond Bitcoin
State Street believes the “next level of growth” will come from investment options offering more than “pure spot” Bitcoin. Go to Source
Galaxy Digital’s Alex Thorn: Mt Gox Bitcoin Distributions Unlikely to Disrupt Market
After a decade-long wait, creditors of the defunct Mt Gox exchange are set to receive in-kind distributions of bitcoin and bitcoin cash starting in July. The head of research from Galaxy Digital predicts the market impact of these distributions will be less severe than anticipated. Long-Term Bitcoin Holders Likely to Retain Mt Gox Bitcoin Distributions … Read more
Memecoins are a ‘cornerstone’ of crypto: Galaxy’s Novogratz
Galaxy Digital CEO Michael Novogratz has hailed memecoins as the “most powerful narratives out there” but others in the crypto industry are not so confident. Go to Source
Galaxy tokenizes violin to secure loan, NFT sales volume tumbles: Nifty Newsletter
NFTs recorded a 54% drop in sales volume, from over $1 billion in April to $624 million in May. Go to Source
Galaxy Digital uses historic violin NFT to secure loan
The violin once belonged to Russian Empress Catherine II, also known as Catherine the Great. Go to Source
BitGo’s $100M suit against Galaxy can proceed — Delaware Supreme Court
After being dismissed by the Delaware Court of Chancery in 2023, the state’s supreme court ruled the definition of the merger agreement between BitGo and Galaxy was “ambiguous.” Go to Source
Novogratz Predicts Bitcoin Trading Between $55K-$75K This Quarter
Bitcoin is expected to trade within a narrow range this quarter, according to Michael Novogratz, founder of Galaxy Digital Holdings Ltd. “Bitcoin, ethereum and everything else, solana will consolidate,” he said last week, adding that it means BTC will probably trade “somewhere between $55,000 and $75,000 until the next set of circumstances, the next set … Read more
