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Project Overview
Galaxy is an institutional digital asset and blockchain infrastructure platform that integrates financial services with technology solutions. The company operates through several core divisions: Global Markets, providing trading, lending, and derivatives; Asset Management, offering a suite of passive and active investment vehicles including ETFs and venture capital; and Infrastructure Solutions, which focuses on staking, tokenization, and self-custody technology (GK8). Additionally, the firm develops Digital Infrastructure through its Helios data center campus, which provides high-performance computing (HPC) and AI-ready facilities to support the growth of decentralized networks and artificial intelligence.
Galaxy: Q2 crypto VC funding volume grew 31% quarter-over-quarter, dominated by late-stage projects.
Galaxy Research reports that in Q2 2026, 384 venture capital transactions were completed in the cryptocurrency and blockchain sector, raising approximately $5.68 billion. This represents sequential growth of 10% and 31%, respectively, with the increase primarily driven by later-stage funding. Exchanges, investment firms, and lending entities secured around $3.523 billion, accounting for roughly 60% of the quarter's total investment; U.S.-based companies captured 73.5% of the investment funds.
SEC Proposes Reg Crypto, Establishing Legal Pathways for Certain Token Public Offerings and Investment Contract Exits
: Galaxy's Head of Research posted on X, stating that on August 18, the U.S. Securities and Exchange Commission proposed the "Regulation Crypto Assets," abbreviated as Reg Crypto. The proposal aims to establish a legal pathway for certain tokens to be offered to the U.S. public and to set up a mechanism for terminating investment contracts. Its applicability is limited to crypto assets that are not themselves securities but were previously issued or sold as part of an investment contract; tokenized stocks, bonds, and arrangements bundling tokens with equity or other securities are not covered by the framework.The proposal sets out four stages: offering, disclosure, build-out, and exit. A one-time startup exemption allows issuers to raise up to $5 million over a maximum of four years; a higher-threshold exemption modeled on Regulation A permits raising $20 million or $75 million within 12 months. Such offerings must pass SEC qualification review and involve ongoing disclosure, with non-accredited investors capped at 10% of the higher of their annual income or net worth. Issuers are also required to disclose token supply and unlock schedules, minting and burning mechanisms, governance and smart contract permissions, source code, as well as project construction commitments and progress.Once an issuer completes or permanently ceases the relevant build-out obligations, makes no new construction commitments, and submits a transition report, the related investment contract will be deemed terminated, and the crypto asset will no longer be subject to securities laws under that investment contract. Issuers that did not use the above offering exemptions may also use this safe harbor. The SEC estimates that approximately 475 issuers per year would use the investment contract safe harbor, and about 130 issuers would use the two new exemptions. Offerings that qualify would not be considered restricted securities and could be resold immediately without contractual restrictions.The proposal also excludes covered initial offerings and certain secondary transactions from state registration and qualification requirements, but it does not address exchanges, brokers, dealers, or custody, nor is it a standalone innovative exemption for tokenized securities and on-chain transactions. The comment period is 60 days after publication in the Federal Register. SEC Chairman Paul Atkins and Commissioners Hester Peirce and Mark Uyeda all issued statements of support. The article was written by Alex Thorn.
Unitree Robotics launched its IPO subscription on the STAR Market today, with the market estimating a lottery win rate of 0.02%–0.03%
Odaily News: Unitree Robotics officially opened IPO subscription on the STAR Market today. According to the announcement, Unitree Robotics' offering price is set at 150.80 yuan per share, with a market capitalization of approximately 60.993 billion yuan at the time of listing, and an expected total fundraising amount of 6.099 billion yuan. The online subscription code for this offering is 787836, with an expected online issuance of 6.471 million shares. The market estimates the lottery win rate at 0.02%–0.03%. It should be noted that after the subscription period concludes, the lottery results will be announced on August 12, and successful investors must complete payment on the same day. If an investor wins the lottery three times within 12 months but fails to make full payment, they will be restricted from participating in new stock and bond subscriptions for six months.Yang Chao, chief strategy analyst at China Galaxy Securities, noted that the capital threshold for participating in this IPO subscription is relatively high, and the lottery win rate is low. Share prices are likely to experience significant volatility in the early stages of the STAR Market listing. Investors should fully assess the risks associated with the high valuation and ensure timely and full payment if selected, avoiding missed payments that could trigger subscription restrictions.
Bitcoin mining company PowerCompute completes $18 million debt refinancing using 307 BTC as collateral
According to Globenewswire, Bitcoin mining company PowerCompute (formerly LM Funding America) announced the completion of an $18 million debt refinancing. The financing is collateralized by 307 BTC from PowerCompute's inventory, replacing previous loans including an $11 million loan from Galaxy Digital, a $5 million loan used to acquire a 15MW Oklahoma facility, and a $2 million loan used to acquire an 11MW Mississippi facility. This refinancing will drive its expansion from Bitcoin mining operations into the high-performance computing (HPC) and artificial intelligence (AI) infrastructure sectors.
$3.5 Billion Debt Financing: Galaxy Digital to Support Data Center Projects
sources familiar with the matter revealed Galaxy Digital Inc. plans to issue approximately $3.5 billion in high-yield bonds for the first time, aiming to fund data center projects associated with CoreWeave Inc. According to the sources, Galaxy Digital is marketing the bond issuance to investors at a yield of around 9%. Morgan Stanley and Goldman Sachs are acting as underwriters for this issuance, with pricing expected to be finalized on Thursday. The sources requested anonymity as the information has not yet been made public.
Galaxy Launches Institutional-Grade On-Chain Financing Program GOFR, Offering Up to $100 Million in First-Loss Protection
Galaxy announces the launch of the institutional-grade on-chain financing program GOFR (Galaxy On-chain Financing Rate), enabling institutional clients to indirectly access the on-chain credit market through Galaxy, secure financing at a single optimized rate, with Galaxy acting as the counterparty.
Galaxy Research: CFTC Guidance on Mention Markets Highlights New Contract Regulatory Challenges
Galaxy Research stated that the U.S. Commodity Futures Trading Commission (CFTC) this week issued guidance on "Mention Markets," which involve prediction markets tied to individual statements, event attendance, and interactions. The agency noted that unlike traditional event contracts such as whether the Federal Reserve will raise interest rates, where individuals cannot easily control the outcome, mention markets settle on the autonomous behavior of specific individuals—for example, "whether Musk will mention Bitcoin on the next SpaceX earnings call"—and therefore carry higher manipulation risk. The CFTC's Division of Market Oversight (DMO) believes that such markets should be presumed to be "susceptible to manipulation" and requires exchanges to assess them across four dimensions: independent constraints controlling the individual, external pressure risks, independent verification and public scrutiny, and trading rules and surveillance measures.Galaxy Research noted that the guidance does not constitute binding rules and does not prohibit exchanges from listing mention markets. However, even when the above criteria are met, it remains difficult to fully address the manipulation risk arising from individuals voluntarily triggering market outcomes without economic incentive, and the First Amendment also limits regulators' ability to impose prior restraints on individual speech.
Galaxy Digital Founder: If the CLARITY Act Fails to Advance, U.S. Crypto Regulation May Stagnate Long-Term
TechFlow: Galaxy Digital founder Mike Novogratz stated that if the CLARITY Act fails to advance tomorrow, the United States may struggle to establish a crypto regulatory framework for an extended period. This would be detrimental to the U.S. and could force more crypto industry companies to relocate overseas. He believes the digital asset and blockchain revolution will continue, but long-term regulatory uncertainty hinders industry development, and he called on U.S. senators from both parties to consider the bigger picture.
CLARITY Act passage before midterm elections highly unlikely; House Republican leadership cancels September 21 and 28 votes
Odaily News Galaxy Research Head stated on X platform that House Republican leadership has canceled the voting schedule for the weeks of September 21 and September 28. The House will reconvene on September 14 for a four-day agenda, then leave Washington and will not reconvene until after the midterm elections. This arrangement makes it highly unlikely that the CLARITY Act will pass before the midterm elections.
The U.S. Securities and Exchange Commission has proposed "Reg Crypto," aiming to establish a compliance pathway for token offerings.
The Head of Research at Galaxy posted on the X platform that the U.S. Securities and Exchange Commission (SEC) released a draft of the "Reg Crypto Assets" regulations on August 18, proposing a dedicated securities regulatory framework for certain crypto asset issuances. The proposal would allow qualified issuers to sell tokens to the U.S. public and provide a formal exit mechanism for related investment contracts following project completion or termination.
SEC Proposes Reg Crypto, Establishing Legal Pathways for Certain Token Public Offerings and Investment Contract Exits
: Galaxy's Head of Research posted on X, stating that on August 18, the U.S. Securities and Exchange Commission proposed the "Regulation Crypto Assets," abbreviated as Reg Crypto. The proposal aims to establish a legal pathway for certain tokens to be offered to the U.S. public and to set up a mechanism for terminating investment contracts. Its applicability is limited to crypto assets that are not themselves securities but were previously issued or sold as part of an investment contract; tokenized stocks, bonds, and arrangements bundling tokens with equity or other securities are not covered by the framework.The proposal sets out four stages: offering, disclosure, build-out, and exit. A one-time startup exemption allows issuers to raise up to $5 million over a maximum of four years; a higher-threshold exemption modeled on Regulation A permits raising $20 million or $75 million within 12 months. Such offerings must pass SEC qualification review and involve ongoing disclosure, with non-accredited investors capped at 10% of the higher of their annual income or net worth. Issuers are also required to disclose token supply and unlock schedules, minting and burning mechanisms, governance and smart contract permissions, source code, as well as project construction commitments and progress.Once an issuer completes or permanently ceases the relevant build-out obligations, makes no new construction commitments, and submits a transition report, the related investment contract will be deemed terminated, and the crypto asset will no longer be subject to securities laws under that investment contract. Issuers that did not use the above offering exemptions may also use this safe harbor. The SEC estimates that approximately 475 issuers per year would use the investment contract safe harbor, and about 130 issuers would use the two new exemptions. Offerings that qualify would not be considered restricted securities and could be resold immediately without contractual restrictions.The proposal also excludes covered initial offerings and certain secondary transactions from state registration and qualification requirements, but it does not address exchanges, brokers, dealers, or custody, nor is it a standalone innovative exemption for tokenized securities and on-chain transactions. The comment period is 60 days after publication in the Federal Register. SEC Chairman Paul Atkins and Commissioners Hester Peirce and Mark Uyeda all issued statements of support. The article was written by Alex Thorn.
Hyperliquid enters the U.S. in a fully compliant and legal manner, Galaxy Head of Research expresses interest
Odaily报道：Galaxy的研究主管在X平台上发帖表示，他对Hyperliquid如何以完全合规合法的方式进入美国市场非常关注。
Coldcard white hat hacker moves 52.37 BTC to Crypto Recovery Trust
according to Bitcoin News monitoring, this batch of Bitcoin is worth over $4 million, accounting for approximately 2.8% of the total Bitcoin related to the Coldcard vulnerability. Crypto Recovery Trust will verify the ownership of the funds and attempt to return them; Galaxy Digital research director Alex Thorn stated that another 3.0134 BTC was transferred to this address in the same transaction, but its source has not yet been confirmed.
OTC Whale Transfers 42,000 ETH to Galaxy Digital, Realizing Approximately $21.12 Million in Profit
According to Embers monitoring, an OTC whale or institution significantly reduced its ETH holdings following the market downturn, transferring 42,000 ETH to Galaxy Digital seven hours ago. The transfer was valued at approximately $112 million, executed at a price of around $2,664 per ETH. Over the preceding two months, this address had cumulatively acquired 52,000 ETH at an average cost of roughly $2,161, realizing a profit of approximately $21.12 million from this sale.
Whale Deposits 42,000 ETH Worth $112 Million to Galaxy Digital, Reportedly for Sale
Odaily News — According to Onchain Lens monitoring, a whale deposited 42,000 ETH worth approximately $112 million to Galaxy Digital about an hour ago, reportedly for sale. Over the past two months, the whale had accumulated these ETH through over-the-counter (OTC) trades via Galaxy Digital.
A whale/institution holding $143 million in ETH has accumulated 52,000 ETH with an unrealized profit of $31.1 million
Odaily reports: According to on-chain analyst Yu Jin's monitoring, a whale/institution accumulated 37,000 ETH two months ago through a Galaxy Digital OTC deal at an average price of $1,923. Today, it purchased another 15,000 ETH at $2,751, worth $41.26 million. It now holds a total of 52,000 ETH, worth $143 million, with an average cost of $2,161 and an unrealized profit of $31.1 million.
Coldcard Vulnerability-Linked Funds Peak at $130 Million, White Hat Moves 52.37 Bitcoin to Crypto Recovery Trust
Odaily News: On September 21, a white hat actor transferred 40.71 BTC linked to the Coldcard vulnerability in a single transaction valued at approximately $3.31 million. The transaction consolidated funds from 11 addresses and included an OP_RETURN message pointing to the Crypto Recovery Trust.Alex Thorn, head of Galaxy Research, disclosed that the broader consolidation involved a total of 52.37 BTC across multiple clusters of attacker addresses, accounting for approximately 2.8% of the funds tied to the vulnerability. A firmware flaw in Coldcard devices dating back to March 2021 resulted in insufficient mnemonic seed randomness, with the total funds involved peaking at approximately $130 million. (Decrypt)
A whale holding approximately $78 million in ETH has once again increased its position by 2,500 ETH, accumulating a total of 39,501 ETH since July with unrealized gains of $30.62 million
Odaily News: According to monitoring by Ai Yi, a certain whale has purchased 37,000 ETH through OTC since July, and after a one-month hiatus, has added to its position once again. Ten minutes ago, it received 2,500 ETH worth $6.868 million from a Galaxy Digital OTC address. Since July 22, this whale has accumulated a total of 39,501 ETH, with a position value of approximately $78 million and an average price of $1,974.72, now sitting on unrealized gains of $30.62 million.
1830 BTC Stolen: COLDCARD Seed Entropy Theft Affects 256 Victims
according to Galaxy's head of research, the COLDCARD Seed Entropy theft incident has resulted in 1,830 BTC being stolen, involving 3 rounds of attacks and more than 30 smaller related indicators. A total of 256 victims have reported their situations to GLXY Research, with a median loss of 1.1 BTC, and efforts to track the attackers are still ongoing.
Coldcard white hat hacker moves 52.37 BTC to Crypto Recovery Trust
according to Bitcoin News monitoring, this batch of Bitcoin is worth over $4 million, accounting for approximately 2.8% of the total Bitcoin related to the Coldcard vulnerability. Crypto Recovery Trust will verify the ownership of the funds and attempt to return them; Galaxy Digital research director Alex Thorn stated that another 3.0134 BTC was transferred to this address in the same transaction, but its source has not yet been confirmed.
Coldcard Vulnerability-Linked Funds Peak at $130 Million, White Hat Moves 52.37 Bitcoin to Crypto Recovery Trust
Odaily News: On September 21, a white hat actor transferred 40.71 BTC linked to the Coldcard vulnerability in a single transaction valued at approximately $3.31 million. The transaction consolidated funds from 11 addresses and included an OP_RETURN message pointing to the Crypto Recovery Trust.Alex Thorn, head of Galaxy Research, disclosed that the broader consolidation involved a total of 52.37 BTC across multiple clusters of attacker addresses, accounting for approximately 2.8% of the funds tied to the vulnerability. A firmware flaw in Coldcard devices dating back to March 2021 resulted in insufficient mnemonic seed randomness, with the total funds involved peaking at approximately $130 million. (Decrypt)
52.37 BTC Transferred to Trust Address, Coldcard White Hat Funds Account for 2.8% of Exploit Attack Funds
Odaily News: According to monitoring by Galaxy's head of research, Coldcard white hat funds consolidated 52.37 BTC from Wave 2, Footprints AA, AU, and AX into a new address, which inscribed the OP_RETURN message "claim:cryptorecoverytrust dot com" in block 967,948. These white hat funds account for 2.8% of the Coldcard exploit attack funds.
Coldcard thief prioritizes emptying third wave of vaults, has moved 97.09 BTC worth approximately $7.7 million
according to Bitcoin News monitoring, the Coldcard thief is prioritizing emptying the largest portion of the third wave of vaults. Galaxy Research stated that these wallets have transferred out 97.09 BTC, worth approximately $7.7 million, accounting for about 45% of the assets in this batch. The attacker created 293 2/2 vaults themselves and previously moved some tokens via THORChain on September 2, followed by multiple rounds of CoinJoin over the weekend. The vulnerability stems from a 2021 firmware flaw that reduced seed entropy to a minimum of 40 bits. Of the tokens stolen in this exploit, approximately 82% remain unmoved.
Coldcard Wave 3 Attacker Has Transferred Approximately 45% of Stolen Bitcoin
According to Galaxy Research, in the Coldcard wallet attack incident, the Wave 3 attacker has transferred approximately 45% of the stolen Bitcoin, with the related funds routed to Ethereum via THORChain or entering CoinJoin transactions to increase tracking difficulty. Galaxy stated that the attacker previously created 293 2-of-2 multisig vaults to hold victim funds, draining them from largest to smallest amount, and the funds in the 11 largest vaults have now been fully transferred out.
Galaxy Research: CFTC Guidance on Mention Markets Highlights New Contract Regulatory Challenges
Galaxy Research stated that the U.S. Commodity Futures Trading Commission (CFTC) this week issued guidance on "Mention Markets," which involve prediction markets tied to individual statements, event attendance, and interactions. The agency noted that unlike traditional event contracts such as whether the Federal Reserve will raise interest rates, where individuals cannot easily control the outcome, mention markets settle on the autonomous behavior of specific individuals—for example, "whether Musk will mention Bitcoin on the next SpaceX earnings call"—and therefore carry higher manipulation risk. The CFTC's Division of Market Oversight (DMO) believes that such markets should be presumed to be "susceptible to manipulation" and requires exchanges to assess them across four dimensions: independent constraints controlling the individual, external pressure risks, independent verification and public scrutiny, and trading rules and surveillance measures.Galaxy Research noted that the guidance does not constitute binding rules and does not prohibit exchanges from listing mention markets. However, even when the above criteria are met, it remains difficult to fully address the manipulation risk arising from individuals voluntarily triggering market outcomes without economic incentive, and the First Amendment also limits regulators' ability to impose prior restraints on individual speech.
Citrea acquires privacy Bitcoin wallet Crest, driving mainstream adoption of BTC privacy transactions
According to PR Newswire, Bitcoin application layer platform Citrea has announced the acquisition of Crest, a self-custody private Bitcoin wallet. Backed by Founders Fund and Galaxy Ventures, Citrea states the acquisition aims to bring Zcash-style zero-knowledge privacy pools into the Bitcoin ecosystem. Crest founder Meliksah Gurtemel will join Citrea as head of product. Over the next few weeks, Crest will launch a Bitcoin mobile wallet supporting automatic shielding, private BTC transfers, and cross-chain private payments (enabling BTC to be privately swapped for USDC or ETH for payments to EVM addresses). Citrea co-founder and CEO Orkun Mahir Kılıç noted that addressing Bitcoin privacy represents the largest breakthrough for Bitcoin layers to meet genuine user demand, with Crest serving as the primary gateway for both users and liquidity flowing into Citrea.
On-chain secondary trading pathway opens, SEC issues 5-year innovation exemption for tokenized stocks
Odaily reports: Galaxy's head of research posted on X that the U.S. Securities and Exchange Commission has issued an "innovation exemption" establishing a pathway for on-chain secondary trading of tokenized stocks. The exemption will be in effect from September 17, 2026, to September 17, 2031, and applies to specific tokenized securities trading venues that offer permissioned automated market makers and liquidity pools; trading venues must be deployed on public, permissionless blockchains, but trading is limited to verified or authorized participants.Eligible tokens must correspond to actual U.S. National Market System stocks and confer the same shareholder rights as traditional stocks; the exemption does not cover primary issuance, synthetic exposure, or products that do not carry legal or beneficial rights to the underlying stock. Galaxy stated that it is studying the next steps to enable on-chain secondary trading of GLXY.
Samsung US Hiring Business Development Lead, Explicitly Includes Stablecoins in Samsung Wallet Payment Partnerships
Odaily News: Samsung Electronics America is hiring a Senior Manager of Business Development for Samsung Wallet payments in New York. The job posting explicitly lists stablecoins as a payment partnership area, alongside card issuers, payment companies, fintech firms, and "Buy Now, Pay Later" (BNPL) providers. The role will be responsible for Samsung Wallet payment business development, market launch strategies, and partner management, including negotiations on commercial terms, data usage, and product requirements, as well as launching new features. Samsung previously announced plans to support stablecoins in Samsung Wallet at its Galaxy Unpacked event in July of this year. (Digital Asset)
After fixing the vulnerability, Liquid's white hat hacker said they would return most of the 4,000 BTC
According to Odaily, monitoring by Galaxy's Head of Research revealed that Liquid's white hat hacker stated they would return most of the 4,000 BTC after the Liquid Network vulnerability is patched. The hacker communicated with Blockstream through OP_RETURN messages and PGP-encrypted text: In block 965,822, a Blockstream address sent 1,000 satoshis with the message "Please contact the security team via the Blockstream website"; in block 965,865, the hacker sent an encrypted message to their own key, accompanied by a detached PGP signature that can be verified using the key published by Blockstream; in block 965,869, the hacker sent 1,000 satoshis to the Liquid federation peg-in wallet via a self-spend transaction with the message "Can we return the majority of the funds to the federation address?"; in block 965,875, the hacker conducted another self-spend transaction, sending 1,000 satoshis to the federation peg-in wallet and leaving an OP_RETURN message: "Please fix the vulnerability first. As of the latest commit, there is risk on-chain. Please ensure every node completes the patch update. Once the fix is confirmed, we will securely transfer the funds back." Relevant technical details were encrypted via PGP messages to the key published by Blockstream, readable only by Blockstream.
Bitcoin’s historical drawdowns have narrowed, while gains from cycle lows have simultaneously declined
Odaily News: Over the past 18 years, the Bitcoin market has repeatedly seen the narrative of "this time is different," yet the structure of each cycle has largely continued. In 2014, 2017, 2020-2021, and 2024-2025, BTC’s maximum drawdowns were approximately 85%, 84%, 77%, and 53%, respectively, showing a gradual narrowing trend.Alex Thorn, Head of Firmwide Research at Galaxy Digital, released a chart stating that the current BTC drawdown is significantly smaller than those of previous cycles. Analyst Willy Woo noted that as the supply shock from halvings diminishes, Bitcoin may be transitioning from a four-year cycle to a six-to-eight-year cycle, although this assessment cannot yet be confirmed.In previous cycles, gains from the low point to the next all-time high were approximately 580x, 130x, 22x, and 8x, respectively. Analyst James Check pointed out that Bitcoin’s price floor has risen each cycle, while its peak has remained relatively stable. Jesse Myers stated that BTC may have just entered a two-to-three-year bull market. (Bitcoin.com News)
Related news
1830 BTC Stolen: COLDCARD Seed Entropy Theft Affects 256 Victims
according to Galaxy's head of research, the COLDCARD Seed Entropy theft incident has resulted in 1,830 BTC being stolen, involving 3 rounds of attacks and more than 30 smaller related indicators. A total of 256 victims have reported their situations to GLXY Research, with a median loss of 1.1 BTC, and efforts to track the attackers are still ongoing.
Galaxy Research: CFTC Guidance on Mention Markets Highlights New Contract Regulatory Challenges
Galaxy Research stated that the U.S. Commodity Futures Trading Commission (CFTC) this week issued guidance on "Mention Markets," which involve prediction markets tied to individual statements, event attendance, and interactions. The agency noted that unlike traditional event contracts such as whether the Federal Reserve will raise interest rates, where individuals cannot easily control the outcome, mention markets settle on the autonomous behavior of specific individuals—for example, "whether Musk will mention Bitcoin on the next SpaceX earnings call"—and therefore carry higher manipulation risk. The CFTC's Division of Market Oversight (DMO) believes that such markets should be presumed to be "susceptible to manipulation" and requires exchanges to assess them across four dimensions: independent constraints controlling the individual, external pressure risks, independent verification and public scrutiny, and trading rules and surveillance measures.Galaxy Research noted that the guidance does not constitute binding rules and does not prohibit exchanges from listing mention markets. However, even when the above criteria are met, it remains difficult to fully address the manipulation risk arising from individuals voluntarily triggering market outcomes without economic incentive, and the First Amendment also limits regulators' ability to impose prior restraints on individual speech.
Galaxy Digital Adds $100M in sUSDS to Corporate Treasury and as Institutional Loan Collateral
Odaily News: Nasdaq-listed digital asset company Galaxy Digital has added $100 million worth of Sky Protocol's yield-bearing savings token sUSDS to its corporate treasury and included it in the collateral scope for its institutional business serving over 1,600 counterparties. Galaxy also purchased an undisclosed amount of SKY.Galaxy clients can use sUSDS as loan collateral while continuing to earn Sky Savings Rate yields for the duration of the loan. Galaxy's institutional lending business has an average loan size of approximately $1.4 billion; Sky ecosystem Prime Agent Grove had previously extended a $500 million warehouse loan facility to it. (Bitcoin.com News)
Coldcard white hat hacker moves 52.37 BTC to Crypto Recovery Trust
according to Bitcoin News monitoring, this batch of Bitcoin is worth over $4 million, accounting for approximately 2.8% of the total Bitcoin related to the Coldcard vulnerability. Crypto Recovery Trust will verify the ownership of the funds and attempt to return them; Galaxy Digital research director Alex Thorn stated that another 3.0134 BTC was transferred to this address in the same transaction, but its source has not yet been confirmed.
Citrea acquires privacy Bitcoin wallet Crest, driving mainstream adoption of BTC privacy transactions
According to PR Newswire, Bitcoin application layer platform Citrea has announced the acquisition of Crest, a self-custody private Bitcoin wallet. Backed by Founders Fund and Galaxy Ventures, Citrea states the acquisition aims to bring Zcash-style zero-knowledge privacy pools into the Bitcoin ecosystem. Crest founder Meliksah Gurtemel will join Citrea as head of product. Over the next few weeks, Crest will launch a Bitcoin mobile wallet supporting automatic shielding, private BTC transfers, and cross-chain private payments (enabling BTC to be privately swapped for USDC or ETH for payments to EVM addresses). Citrea co-founder and CEO Orkun Mahir Kılıç noted that addressing Bitcoin privacy represents the largest breakthrough for Bitcoin layers to meet genuine user demand, with Crest serving as the primary gateway for both users and liquidity flowing into Citrea.
Hester Peirce: Society Is at a Crossroads, and the Financial System Faces Two Paths
Galaxy's head of research posted on X that Hester Peirce said society is currently at a crossroads: one path is to maintain the status quo—collecting more data, strengthening surveillance by intermediaries, and adding more "Know Your Customer" requirements, turning financial infrastructure into a panopticon; the other path is to leverage new technologies to improve the ability to catch criminals while collecting less personal information, and to protect Americans' privacy through more prudent surveillance.