Bitcoin ETPs Launched by Morgan Stanley
Morgan Stanley partners with Galaxy Digital to allow eligible clients to lend $BTC, $ETH, and $SOL, reducing minimum loan size from $25M to $5M. #Update #Crypto
Galaxy Digital
CLARITY Act Approval Odds Drop to 60%
Senate delays hinder the CLARITY Act, reducing passage odds from 75% to 60% due to a crowded schedule, impacting crypto regulation timelines. #Update #Legal
Galaxy Launches $10 Million Prediction Market
@GalaxyDigital launched OTC prediction markets trading for institutions, facilitating a $10M trade with Arca on regulatory outcomes, enhancing liquidity for large investors. #Update #Crypto $BTC
Bitcoin Wallet Moves $2.54M Amid Lawsuit
A dormant bitcoin wallet since 2011 moved 35.55 BTC on June 2, undermining Noah Doe’s abandoned-property claim in a $293B NY lawsuit. #Update #Legal
Ethereum Wallet Surges with $192M Stake
A wallet linked to @a16z has acquired 3.9M $HYPE worth $192.6M, becoming the largest external holder as the token hits an all-time high of $67.24. #Breaking #Crypto
AAVE Plummets Multicoin Capital Moves $40M
Multicoin Capital moved 286,057 $AAVE ($26M) to Coinbase Prime on May 16 after a $40M loss, indicating a potential OTC exit. #Update #Crypto $AAVE
Galaxy Digital Launches $125M Onchain Yield Play
@GalaxyDigital and @Sharplink are launching a $125 million onchain yield fund, deploying $100 million from Sharplink’s staked ETH treasury into DeFi strategies managed by Galaxy. #Update #Crypto $ETH
Galaxy Digital Launches $125M DeFi Yield Fund
Galaxy Digital and Sharplink launch a $125M DeFi yield fund, with Sharplink contributing $100M and Galaxy managing the pool for ETH returns. #Update #DeFi $ETH
Bitcoin Losses $200M Did Hyperliquid Prevent
Galaxy Digital reports a $216M Q1 loss amid crypto market contraction, but CEO Novogratz credits Hyperliquid for mitigating further losses. $BTC price action and macroeconomic factors remain concerns. #Update #Crypto
Galaxy Digital Delivers Data Center Tranche
@GalaxyDigital narrowed its Q1 loss to $216M, focusing on data centers and launching its first facility for AI workloads. Shares fell 0.84% to $24.84. #Update #Crypto $GLXY
Nasdaq Approves $15B AI Expansion
Galaxy Digital files its first Nasdaq annual report, revealing a $15 billion investment in its Helios AI data center in West Texas. #Update #Crypto
Crypto Testnet Hacked But Client Funds Safe
@GalaxyDigital reported a cybersecurity incident affecting an isolated development workspace, with losses under $10K; no client funds were compromised. All services remain operational. #Update #Crypto $BTC
Bitcoin Sentiment Crashes on Wall Street
Wall Street’s Shift from Bitcoin Euphoria to Skepticism Alex Thorn of Galaxy Digital notes a shift in Wall Street’s attitude towards Bitcoin from euphoric to skeptical. Thorn attributes the change to exhausted demand and significant selling by long-term holders, not conspiracy theories or single catalysts. He argues that whale distribution is healthy for the network,… Read More »Bitcoin Sentiment Crashes on Wall Street
Bitcoin Predicted to Hit $250K by 2025
Veteran trader Peter Brandt predicts $BTC could reach $250,000 by 2029, aligning with a chart shared by NBA legend Scottie Pippen. #Update #Crypto $BTC