Galaxy | Crypto

The digital assets company is one of many to seek regulatory approval from UAE authorities or attempt to expand their services into a region drawing them in. Galaxy, the digital asset management and infrastructure company, announced an upcoming office and a new arm in Abu Dhabi as part of its push into the Middle East. In a Wednesday notice, Galaxy said it would establish an entity under the registration authority of the Abu Dhabi Global Market (ADGM), the area’s international financial center. According to Galaxy founder and CEO Mike Novogratz, the move was part of a strategy to expand the company’s existing partnerships and operations. “The Middle East is a rapidly growing financial hub that is home to some of the world’s most sophisticated investors and innovators,” said Galaxy managing director Bouchra Darwazah. “It has become a particularly influential region for our investors, clients, and portfolio companies, and we believe this office will help establish new opportunities as a leading global digital a...

Bitcoin treasury firms are entering a “Darwinian phase” as equity premiums collapse, leverage turns into downside and DAT stocks flip to discounts, Galaxy warns. Bitcoin treasury companies are entering a “Darwinian phase” as the core mechanics of their once-booming business model break down, according to a new analysis from Galaxy Research. The report said that the digital asset treasury (DAT) trade has reached its natural limit as equity prices fell below Bitcoin (BTC) net asset value (NAV), causing the issuance-driven growth loop to reverse and turning leverage into a liability. That breaking point arrived as Bitcoin dropped from its October peak near $126,000 to lows around $80,000, triggering a sharp contraction in risk appetite and draining liquidity across the market. The October 10 deleveraging event accelerated the shift, wiping out open interest across futures markets and weakening spot depth. Read more

Galaxy pointed to changing liquidity patterns and leveraged liquidations as key reasons for cutting its Bitcoin price outlook. Investment company Galaxy lowered its 2025 Bitcoin price forecast to $120,000 from $185,000, citing several headwinds and dampened price volatility due to passive investment flows into exchange-traded funds (ETFs) and financial institutions. Factors such as whales dumping 400,000 Bitcoin (BTC) onto the market in October, along with rotations into other investment narratives such as gold, AI and stablecoins, in addition to leveraged liquidations, have put a damper on BTC price, Alex Thorn, Galaxy’s head of research, said on Wednesday. “Bitcoin has entered a new phase, what we call the ‘maturity era,’ in which institutional absorption, passive flows, and lower volatility dominate,” Thorn wrote on X. “If bitcoin can maintain the $100,000 level, we believe the almost three-year bull market will remain structurally intact, though the pace of future gains may be slower.” Read more

Fireblocks Trust Company has teamed up with Galaxy, Bakkt and other crypto heavyweights to meet increasing institutional demand for secure digital asset custody. Fireblocks Trust Company, a New York State-regulated custodian under the Fireblocks platform, has partnered with Galaxy, Bakkt, FalconX and Castle Island to expand institutional-grade crypto custody. Operating under New York Department of Financial Services (NYDFS) oversight, the company is rolling out a custody framework to meet soaring institutional demand for regulated digital asset infrastructure spanning ETFs, digital asset treasuries (DATs) and token launches, according to a Wednesday announcement. “Regulatory compliance and security are non-negotiable,” said Matt Walsh, founding partner at Castle Island. “Fireblocks Trust Company delivers on both fronts with their qualified custodian status and robust operational controls,” Walsh added. Read more

Forward Industries has launched a 0%-commission, institutional-grade Solana validator with DoubleZero, built with Galaxy and Firedancer. The node has been positioned for top-tier performance, with pilot programs for revenue optimization, bandwidth expansion, and latency reduction across the network. The post Forward Industries Unveils 0%-Fee Solana Validator – Built with Galaxy and Firedancer appeared first on Cryptonews.

Galaxy Digital CEO Mike Novogratz has pushed back on predictions that Bitcoin could hit $1 million, warning that it would reflect a collapse in the US economy. The post $1M Bitcoin in 2026 Would Signal US Economic Crisis, Not Victory: Galaxy CEO appeared first on Cryptonews.

Galaxy head of research Alex Thorn criticized the business model of many Ethereum (ETH) layer-2 (L2) blockchains as “ETH extractive.” In an Aug. 6 social media post, Thorn argued that L2 networks retain most of the fee revenue while contributing relatively little back to the Ethereum L1.  Thorn added that most L2s are controlled by single […] The post Galaxy’s Alex Thorn calls Ethereum L2s ‘ETH extractive’ amid fee retention concerns appeared first on CryptoSlate.

Invesco and Galaxy Digital have taken a concrete step toward bringing a Solana exchange-traded fund (ETF) to the US market. Public records show that the firms registered a trust named Invesco Galaxy Solana ETF with Delaware’s Division of Corporations on June 12. Over the past months, several firms have created Delaware statutory trusts before seeking […] The post Invesco and Galaxy chase Solana ETF dream with Delaware trust registration appeared first on CryptoSlate.

[PRESS RELEASE – George Town, Cayman Islands, May 12th, 2025] At its Sonic Summit in Vienna from May 6–8, Sonic Labs announced the completion of a $10 million strategic sale of its S token to Galaxy, a global leader in digital assets and data center infrastructure. This investment strengthens Sonic Labs’s position in the U.S. […]