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Galaxy Digital, which recently began trading on the Nasdaq, told the U.S. Securities and Exchange Commission it is exploring the tokenization of its own shares and has engaged Superstate Services, a registered agent, to potentially help manage the initiative, according to a filing from Tuesday."We aâŚ
A single wallet that has sat untouched since 2011 jolted the market overnight, wiring 40,009âŻBTCâworth roughlyâŻ$4.68 billion at prevailing pricesâto NewâŻYorkâbased trading giant GalaxyâŻDigital. The address had held 80,009âŻBTC in total and had never previously moved funds in the modern era. AccordingâŚ
Robinhoodâs plan to tokenize stocks on its new Ethereum-compatible blockchain could shift trading volume away from traditional exchanges like the NYSE, undermining their core revenues from trading fees and market data, according to Galaxy Digital.At the EthCC conference this week, Robinhood CEO VladâŚ
Update (June 26, 1:26âŻam UTC): This article has been updated to add information from Invescoâs filing and analyst commentary.The US could get nine Solana exchange-traded funds if regulators approve, as asset manager Invesco joined the group of firms looking to push exchange-traded products beyond BiâŚ
Galaxy and Liquid Collective said on Tuesday that they have entered into a partnership designed to provide institutional access to liquid staking.The forging of the partnership comes on the heels of the Securities and Exchange Commission saying in May that staking activities do not constitute the crâŚ
Leading Ethereum technologists and talking heads said the second-largest cryptocurrency is "significantly mispriced," according to an institutional "Bull Case for ETH" report published on Thursday. If compared to other commodities â like oil â the thought leaders said ETH could maintain a long-term âŚ
High-net-worth clients across Asia are gradually pivoting away from US dollar-based investments, favoring gold, cryptocurrencies and Chinese assets instead, according to financial services giant UBS Group.âGold is getting very popular,â Amy Lo, the Swiss bankâs co-head of wealth management for Asia,âŚ
Shaquille OâNeal has settled with investors who claim losses from the collapse of cryptocurrency exchange FTX, according to an April 23 filing in the US District Court for the Southern District of Florida.The settlement amount remains confidential, with terms expected to be disclosed after investorsâŚ
The crypto lending marketâs size remains significantly down from its $64 billion high, but decentralized finance (DeFi) borrowing has made a more than 900% recovery from bear market lows.Crypto lending enables borrowers to use their crypto holdings as collateral to obtain a crypto or fiat loan, whilâŚ
BlackRock received approval from the UK's Financial Conduct Authority to operate as a crypto asset firm in the country, while Galaxy Digital has been granted a license to execute derivatives trading through its London office.Since 2020, firms conducting certain crypto asset activities in the UK haveâŚ
The New York State Attorney Generalâs (NAYG) recent legal action against Galaxy Digital over its promotional ties to the now-collapsed cryptocurrency Terra (LUNA) was unfair and an abuse of the legal system, says SkyBridge Capital and founder Anthony Scaramucci.âItâs LAWFARE, pure and simple due to âŚ
Solana is set to release 11.2 million SOL tokens today, valued at approximately $1.57 billion. This unlock is part of the ongoing bankruptcy process for the defunct FTX exchange.Notably, the unlock comes as mounting legal expenses are making FTX bankruptcy one of the most costly Chapter 11 cases in âŚ