CEO Mike Novogratz said that the profit-taking trend among early bitcoin adopters is real, indicating weakening conviction in the "HODLing" philosophy.
The roadmap in place doesn't make as much sense because progress among layer-2s toward later stages of decentralization has been slower and more difficult, and Ethereum itself is now scaling directly on layer-1.
“I think crypto starts to become invisibly more part of everyone's lives," said Tom Lee — the two appeared on a panel together Tuesday morning at the Ondo Summit in New York.
Analyst Geoffrey Kendrick trimmed his 2026 SOL forecast to $250 from $310, but says stablecoin micropayments could drive a longer-term surge as Solana moves beyond memecoins.
Galaxy generated $426 million in adjusted gross profit for the full year and ended it with $2.6 billion in cash and stablecoins, despite the significant quarterly loss.
An En+ subsidiary has filed an insolvency claim against the crypto mining firm, adding to pressure from energy debts, regulatory curbs and internal turmoil.