Galaxy Digital

Galaxy Digital reports the Senate has a tight schedule before the November elections, reducing the likelihood of passing the CLARITY Act to 60% due to dwindling time for revisions.

Twelve companies, including Galaxy Digital, Medline, and Bitgo Holdings, have made their debut on the 2026 Fortune 500 list, representing industries such as crypto, medical-surgical products, and natural gas. These companies achieved the required $7.5 billion revenue threshold to join the list, which ranks the top 500 U.S. corporations by revenue.

Morgan Stanley Wealth Management and Galaxy Digital have partnered to allow eligible clients to lend cryptocurrency and other assets in exchange for crypto ETP shares. The collaboration enables in-kind spot crypto ETF conversions through this lending arrangement.

Andrew Freedman, owner of The Jeffrey, bet $5,000 on Kalshi to hedge potential losses from a free-drinks promotion tied to the New York Knicks winning the NBA Finals. Kalshi suggested the hedge after a prior promotion cost Freedman $3,700, and crypto firm Galaxy Digital separately made a $10 million wager on Kalshi.

Galaxy Digital has launched institutional over-the-counter (OTC) prediction markets trading, executing a $10 million Clarity Act trade with Arca on Kalshi at launch.

A pseudonymous individual named 'Noah Doe' and two Wyoming LLCs filed a lawsuit in New York Supreme Court seeking legal ownership of 3.8 million BTC ($293 billion) held in 39,069 dormant Bitcoin addresses. The case cites New York's lost-and-found property statute (Article 7-B), which traditionally applies to physical objects, arguing that the plaintiff fulfilled requirements by reporting address data to police and waiting for owner responses. The addresses include those linked to Bitcoin's creator (Satoshi Nakamoto) and stolen Mt. Gox funds.

Sharplink and Forward Industries are being considered for inclusion in the Russell indexes, while Bitmine and Galaxy Digital may also qualify for the Russell 1000, an index featuring major U.S. companies like Nvidia, Microsoft, and Apple.

Bitcoin's recent price drop coincided with a $1.3 billion sale of BlackRock’s Bitcoin ETF on a dark pool, according to Galaxy Digital analyst Alex Thorn. This transaction is the largest dark pool ETF sale he has observed.

Galaxy Digital and BitGo are involved in a court dispute over a $100 million claim related to a failed acquisition. Galaxy abandoned its acquisition plan in 2022, citing BitGo's failure to deliver audited financial statements for 2021.

Galaxy Digital, led by Mike Novogratz, has received a New York BitLicense, expanding its regulatory footprint to over 50 licenses worldwide, enabling it to offer digital asset services in the state. This approval marks a significant milestone for Galaxy Digital. The company's services will now be available in New York.

Galaxy Digital will manage Sharplink's new $125 million onchain yield play. The investment is a significant move in the digital asset space. Galaxy Digital's involvement underscores its commitment to innovative financial products.

Sharplink's Q1 revenue exceeded $12 million and it is pursuing yield hits in ETH. The company has partnered with Galaxy Digital to deploy $125 million into onchain liquidity and DeFi opportunities. This investment aims to generate significant returns.

Aave is recovering from bad debt after Kelp DAO hack, now only 10% short. The hack affected Aave's lending protocol on Ethereum and Arbitrum. Galaxy Digital's Thaddeus Pinakiewicz noted the progress.

State Street's tokenized onchain liquidity fund, SWEEP, is now live on Solana, marking a significant partnership with Galaxy Digital. This launch is part of State Street's investment management and cash management services. The move brings onchain liquidity to the Solana blockchain.

The Bitcoin community is forming consensus on addressing quantum computing risks, with agreement to leave Satoshi Nakamoto's untouched holdings undisturbed and prioritize post-quantum cryptographic research. Alex Thorn of Galaxy Digital highlights that distributed Satoshi addresses (22,000) reduce quantum attack feasibility, while exchanges can adopt post-quantum upgrades to mitigate risks.

The CLARITY Act's stablecoin yield provisions have been finalized, marking a significant step for the crypto bill. Galaxy Digital's head of research, Alex Thorn, anticipates increased opposition from the banking industry in response.

Galaxy Digital led a $20 million investment in Fence, a fintech startup aiming to modernize the back-end infrastructure of the $6 trillion credit market. The funding targets streamlining processes in the credit market's administrative systems.

Galaxy Digital reported a $216 million Q1 loss due to declining crypto prices, but Hyperliquid partially offset these losses. CEO Mike Novogratz attributed the balance sheet strain to the broader crypto market downturn.

Galaxy Digital, led by Mike Novogratz, reported a $216 million first-quarter loss due to declining crypto prices and a 20% drop in the crypto market. The company's performance was further impacted by weaker asset values, though Helios data center revenue showed potential.

Galaxy Digital delivered the first tranche of a data center to CoreWeave following a reduced Q1 loss. The company narrowed its first-quarter loss, signaling improved financial performance.

Galaxy Digital, led by CEO Michael Novogratz, reported a financial loss amid the ongoing downturn in the cryptocurrency market. The company's performance reflects broader challenges in the crypto industry as prices remain depressed.

The 2024 Bitcoin halving cycle is underperforming historical patterns, with diminished volatility and price surges compared to previous cycles. Galaxy Digital's analysis suggests market dynamics have shifted, challenging the assumption that halvings automatically trigger bull runs.