Despite being optimistic over longer timeframes, Alex Thorn, head of research at Galaxy Digital, says that next year is really hard to forecast for Bitcoin. His statement coincides with the cryptomarkets struggling to recuperate as Bitcoin is losing steam and not being able to clearly break the resistance levels that
Mike Novogratz’s Galaxy Digital is making tactical changes to the fast-growing prediction markets sector to grab a portion of the $9 billion industry opportunity. The firm, which is primarily into crypto investments, is in talks with the top platforms Polymarket and Kalshi for liquidity provision, thus signaling the arrival of
Galaxy Digital has received a substantial investment from an unnamed large asset manager, which has solidified its stance in the data center market that is currently booming. The investment indicates institutional belief in the strategic change of Galaxy to stop cryptocurrency mining and move to artificial intelligence infrastructure. This financing
A whale wallet has deposited as many as 200k Solana tokens to an exchange platform. The move comes at a time when SOL price plummeted over 24 hours, and more broadly over 7 days. Deposit of Solana tokens to a platform has triggered liquidation fears among the community. Solana Tokens
Galaxy Digital officially began trading on the Nasdaq exchange on May 16. The stock opened at $23.50 per share under the ticker GLXY, following a direct listing. The crypto and AI-focused company had previously traded on the Toronto Stock Exchange since 2020. CEO Mike Novogratz called the listing process “unfair
Ethereum’s price has been on the rise, valued at $1,601. Within the last 24 hours, Ethereum recorded nearly a 2% growth that demonstrates its capacity to resist market changes. The market capitalization of Ethereum stands at $193.28 billion, and the daily trading volume reaches $14.26 billion. The value of the
Billionaire Michael Novogratz’s Galaxy Digital Holdings Ltd. has received approval for a direct listing on the Nasdaq stock exchange. According to a press release issued by Galaxy Digital, the company announced that trading will begin soon after a special shareholder meeting. Galaxy Digital has filed an approved Form S-4 to
Galaxy Digital deposited 4.46 million ENA ($4.92 million) to Binance nine hours ago, continuing a major selloff. Over the last 29 hours, they offloaded 10.85 million ENA ($12.4 million) at an average price of $1.144, generating a $2.37 million profit. In total, three whales, including Galaxy Digital, have transferred 25.81
Rhodium Encore LLC, a Bitcoin mining firm based in Texas, has received court approval to pursue a financing plan during its Chapter 11 bankruptcy proceedings. The firm faces a debt of $100M. On Friday, the company was granted permission to choose between receiving $30 million in U.S. dollars or 500
The beginning of August has witnessed a sharp intraday price decline in the leading altcoin, Ethereum. The token depicted a 4.50% decline in the last 24 hours and slid back to the $3,100 level. Notably, leading digital asset firm, Galaxy Digital showed ETH movements in the past few hours. According
