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Project Overview
Galaxy is a pre-market terminal for token listings, supporting reduced collateral, cross settlements and anonymity.
Blockchain financial company Fence completes $20 million funding round, led by Galaxy Digital
blockchain financial company Fence has announced the completion of a $20 million new funding round, led by Galaxy Digital, with participation from Parafi Capital and Crane Venture Partners. Fence is dedicated to leveraging blockchain and tokenization technology to transform the back-office processes of the asset-backed finance market, primarily focusing on the operational layer of structured credit transactions, including loan pool tracking, collateral verification, and cash flow management. Fence emphasizes that it does not define itself as a blockchain company, but rather uses blockchain as back-office infrastructure to automatically manage cash, collateral, and transaction rules through smart contracts, and to tokenize loan positions when necessary to enhance liquidity and automation. (CoinDesk)
AI trading agent platform Fere AI closes $1.3M funding round, led by Ethereal Ventures
According to GlobeNewswire, Fere AI, an AI-powered digital asset trading agent platform, has announced the completion of a $1.3 million funding round led by Ethereal Ventures, with participation from Galaxy Vision Hill and Kosmos Ventures. The platform supports cross-chain networks including Ethereum, Solana, and Base, enabling users to describe their trading objectives in natural language—AI agents then execute the trades. The new funds will be used to accelerate platform feature development and optimize trading execution strategies.
Galaxy Research Head: CLARITY Act Stablecoin Yield Compromise Announced; ~50% Chance of Becoming Law This Year
Alex Thorn, Head of Research at Galaxy Research, stated that the U.S. crypto market structure bill—the CLARITY Act—has entered a critical legislative phase. With the Senate’s key compromise proposal on stablecoin yield officially released, positive signals have emerged for the bill’s advancement. The Senate Banking Committee could begin formal consideration as early as the week of May 11. The new proposal explicitly expands the scope of stablecoin yield restrictions—from issuers to third-party platforms, including crypto exchanges such as Coinbase—and stipulates that yields must not be paid solely because users hold stablecoins (i.e., idle balances), nor may rewards be distributed in forms that are economically or functionally equivalent to bank deposit interest.
Germany AllUnity Expands Euro Stablecoin EURAU to Solana
AllUnity, a joint venture backed by DWS, Flow Traders, and Galaxy Digital, announced the expansion of its Euro-denominated stablecoin EURAU, which complies with the EU's MiCA regulatory framework, to the Solana blockchain network. This move aims to enhance the efficiency of on-chain Euro transfers and support compliant financial applications.EURAU was first launched on Ethereum in July last year, backed by 100% reserves and issued under the EU's e-money regulatory framework. By integrating with Solana, AllUnity seeks to leverage its high-performance network to achieve faster settlement speeds and lower transaction costs, enabling businesses and developers to complete on-chain Euro transfers within seconds.This mechanism can be widely applied in areas such as cross-border payments, transaction settlement, lending, and corporate treasury management. For instance, payment companies can execute real-time payments to overseas contractors without waiting days for traditional bank transfers to settle. (CoinDesk)
TD Cowen: The Crypto Bill “Clarity for Digital Tokens Act” Faces Five Major Obstacles, Passage Outlook Uncertain
According to The Block, Jaret Seiberg, Managing Director of the Washington Research Group at investment bank TD Cowen, stated that stablecoin yield issues are not the sole obstacle to the passage of the Clarity Act—and cited the following five additional hurdles: 1. A severe shortage of Commodity Futures Trading Commission (CFTC) commissioners: only Chairman Michael Selig remains in office, and the process to appoint new commissioners could take several months, while the bill must complete its review by the end of July; 2. Complex regulatory questions surrounding prediction markets—including concerns about insider trading and potential conflicts of interest involving the Trump family—which may prompt Democratic lawmakers to withdraw their support via related amendments; 3. Ongoing controversy surrounding World Liberty Financial, a cryptocurrency project affiliated with the Trump family, increasing political resistance from Democrats toward supporting the bill; 4. Reports indicating Iran is discussing requiring vessels transiting the Strait of Hormuz to pay tolls in cryptocurrency—a development that could trigger contentious anti-money laundering (AML) amendments, potentially serving as a “poison pill” for the bill; 5. Risk that the Credit Card Competition Act could be attached to the Clarity Act, jeopardizing the entire bill’s progress. Regarding stablecoin yield issues, Senator Thom Tillis indicated that the Senate Banking Committee will not vote on the bill until as early as May. TD Cowen maintains its assessment that the bill has approximately a one-in-three chance of passing this year, while Galaxy Digital estimates the probability at roughly 50%.
Galaxy Research Head: U.S. OFAC Sanctions List Includes 518 Bitcoin Addresses
Alex Thorn, Head of Research at Galaxy Digital, stated that the Office of Foreign Assets Control (OFAC) sanctions list—the Specially Designated Nationals (SDN) List—has historically included 518 Bitcoin addresses, which collectively received 249,814 BTC and sent 239,708 BTC, leaving a current net balance of approximately 9,306 BTC—valued at roughly $707 million at current market prices. Thorn also noted that OFAC sanctions represent only one of several U.S. tools for intercepting illicit assets, and the CLARITY Act would further expand the Treasury Department’s related authorities.
Kraken Extorted by Criminal Group; Refuses to Comply and Cooperates with Law Enforcement Investigation
According to CoinDesk, cryptocurrency exchange Kraken was extorted by a criminal group that threatened to publicly release videos of its internal systems. Kraken stated that it had previously identified and addressed two incidents involving unauthorized access by internal personnel, affecting limited customer data from approximately 2,000 accounts—0.02% of its total user base—but emphasized that its systems were never breached and customer funds remained secure at all times. Nick Percoco, Kraken’s Chief Security Officer, explicitly affirmed the company would not capitulate to criminals. Kraken has notified affected users, enhanced security controls, and is cooperating with law enforcement authorities to advance the investigation; it believes existing evidence is sufficient to identify and apprehend those responsible. Separately, Galaxy Digital recently experienced a similar cybersecurity incident, though it likewise resulted in no loss of customer funds or data.
Galaxy Digital Reports $216 Million Net Loss for Q1 2026, Stock Rises 5% Against Market Trend
Galaxy Digital released its first-quarter 2026 financial results, reporting a net loss of $216 million and a diluted loss per share of $0.49. The primary driver was the broad downturn in cryptocurrency markets during the quarter, with total crypto market capitalization shrinking by approximately 20%. Its crypto asset holdings declined from $1.67 billion in Q4 2025 to $1.36 billion. As of the end of March, its largest crypto holding was 6,894 BTC (approximately $431 million), followed by $61 million worth of SOL and $42 million worth of ETH. Despite the pressure on earnings, Galaxy Digital’s AI infrastructure business is progressing smoothly: the company confirmed delivery of its first data center facility to CoreWeave and expects to fulfill its full commitment of 133 megawatts of AI/IT infrastructure by the end of Q2. Boosted by this news, the company’s stock (NASDAQ: GLXY) rose 5% intraday—a move that diverged from Bitcoin’s concurrent decline. Wall Street analysts currently assign GLXY an aggregate rating of “Moderate Buy,” with a consensus target price of $39.40—implying roughly 50% upside from its share price of $26.30 at the time of writing.
Galaxy Digital OTC associated address transferred over 20,000 ETH to exchanges within 24 hours
according to on-chain analyst Ai Yi's monitoring, the Galaxy Digital OTC associated address (0x16F6d15381bEE4A25B25F0d1C4161b78f7F21Fde) has transferred a total of 21,369 ETH to exchanges over the past 24 hours, with a total value of $49.3 million and an average deposit price of $2,307.34.
Two addresses allegedly linked to Galaxy Digital transferred 45,000 ETH to multiple exchanges within 15 hours.
According to on-chain analytics platform Lookonchain (@lookonchain), two addresses suspected to be linked to Galaxy Digital transferred a total of 45,000 ETH to Binance, Bybit, and OKX over the past 15 hours—valued at approximately $104 million at current prices.
Galaxy Digital OTC-linked address deposits 15,000 ETH to exchange, valued at $34.74 million
Odaily报道 According to Ai Yi monitoring, a Galaxy Digital OTC-related address (0x16F...1Fde) has deposited 15,000 ETH, worth $34.74 million, to an exchange. These funds originated from 38,000 ETH withdrawn from Aave a week ago, which was the day when Kelp DAO was attacked, causing Aave to potentially face bad debt.
An address purchased 590,900 HYPE tokens from Galaxy OTC, and the associated address set holds a total of 4.11 million HYPE tokens.
According to on-chain analyst Onchain Lens (@OnchainLens), a wallet purchased 590,900 HYPE tokens from the Galaxy Digital OTC Wallet for approximately $25.92 million. Additionally, a cluster of six wallets—likely controlled by the same entity—holds a combined total of 4,114,234 HYPE tokens, valued at approximately $180.53 million, and all HYPE tokens received by these wallets originated from the Galaxy OTC wallet.
Royal Government of Bhutan Transfers 319.7 BTC, Worth Approximately $22.67 Million
According to on-chain analyst Onchain Lens (@OnchainLens), the Royal Government of Bhutan transferred 319.7 BTC (valued at approximately $22.67 million) to two wallets: one is a new wallet, suspected to be an exchange wallet; the other is an older wallet previously used for fund transfers and sales via OKX or Galaxy Digital.
Galaxy Digital OTC-linked address deposits 15,000 ETH to exchange, valued at $34.74 million
Odaily报道 According to Ai Yi monitoring, a Galaxy Digital OTC-related address (0x16F...1Fde) has deposited 15,000 ETH, worth $34.74 million, to an exchange. These funds originated from 38,000 ETH withdrawn from Aave a week ago, which was the day when Kelp DAO was attacked, causing Aave to potentially face bad debt.
Kraken Extorted by Criminal Group; Refuses to Comply and Cooperates with Law Enforcement Investigation
According to CoinDesk, cryptocurrency exchange Kraken was extorted by a criminal group that threatened to publicly release videos of its internal systems. Kraken stated that it had previously identified and addressed two incidents involving unauthorized access by internal personnel, affecting limited customer data from approximately 2,000 accounts—0.02% of its total user base—but emphasized that its systems were never breached and customer funds remained secure at all times. Nick Percoco, Kraken’s Chief Security Officer, explicitly affirmed the company would not capitulate to criminals. Kraken has notified affected users, enhanced security controls, and is cooperating with law enforcement authorities to advance the investigation; it believes existing evidence is sufficient to identify and apprehend those responsible. Separately, Galaxy Digital recently experienced a similar cybersecurity incident, though it likewise resulted in no loss of customer funds or data.
Germany AllUnity Expands Euro Stablecoin EURAU to Solana
AllUnity, a joint venture backed by DWS, Flow Traders, and Galaxy Digital, announced the expansion of its Euro-denominated stablecoin EURAU, which complies with the EU's MiCA regulatory framework, to the Solana blockchain network. This move aims to enhance the efficiency of on-chain Euro transfers and support compliant financial applications.EURAU was first launched on Ethereum in July last year, backed by 100% reserves and issued under the EU's e-money regulatory framework. By integrating with Solana, AllUnity seeks to leverage its high-performance network to achieve faster settlement speeds and lower transaction costs, enabling businesses and developers to complete on-chain Euro transfers within seconds.This mechanism can be widely applied in areas such as cross-border payments, transaction settlement, lending, and corporate treasury management. For instance, payment companies can execute real-time payments to overseas contractors without waiting days for traditional bank transfers to settle. (CoinDesk)
Galaxy Digital Reports $216 Million Net Loss for Q1 2026, Stock Rises 5% Against Market Trend
Galaxy Digital released its first-quarter 2026 financial results, reporting a net loss of $216 million and a diluted loss per share of $0.49. The primary driver was the broad downturn in cryptocurrency markets during the quarter, with total crypto market capitalization shrinking by approximately 20%. Its crypto asset holdings declined from $1.67 billion in Q4 2025 to $1.36 billion. As of the end of March, its largest crypto holding was 6,894 BTC (approximately $431 million), followed by $61 million worth of SOL and $42 million worth of ETH. Despite the pressure on earnings, Galaxy Digital’s AI infrastructure business is progressing smoothly: the company confirmed delivery of its first data center facility to CoreWeave and expects to fulfill its full commitment of 133 megawatts of AI/IT infrastructure by the end of Q2. Boosted by this news, the company’s stock (NASDAQ: GLXY) rose 5% intraday—a move that diverged from Bitcoin’s concurrent decline. Wall Street analysts currently assign GLXY an aggregate rating of “Moderate Buy,” with a consensus target price of $39.40—implying roughly 50% upside from its share price of $26.30 at the time of writing.
Blockchain financial company Fence completes $20 million funding round, led by Galaxy Digital
blockchain financial company Fence has announced the completion of a $20 million new funding round, led by Galaxy Digital, with participation from Parafi Capital and Crane Venture Partners. Fence is dedicated to leveraging blockchain and tokenization technology to transform the back-office processes of the asset-backed finance market, primarily focusing on the operational layer of structured credit transactions, including loan pool tracking, collateral verification, and cash flow management. Fence emphasizes that it does not define itself as a blockchain company, but rather uses blockchain as back-office infrastructure to automatically manage cash, collateral, and transaction rules through smart contracts, and to tokenize loan positions when necessary to enhance liquidity and automation. (CoinDesk)
Galaxy Reports Q1 Earnings: Net Loss of $216 Million Amid Crypto Market Downturn
Galaxy Digital has released its financial results for the first quarter of 2026, showing a net loss of $216 million for Q1, impacted by the downturn in the crypto asset market during the quarter. The diluted and adjusted loss per share was $0.49. Adjusted gross loss for the period was $88 million, and adjusted EBITDA loss was $188 million. As of March 31, Galaxy Digital's total equity stood at $2.8 billion, holding $2.6 billion in cash and stablecoins.In terms of digital asset business, Galaxy's assets under management reached $5 billion, with staked assets totaling $3.2 billion. BlackRock has selected Galaxy as the validator for its staked Ethereum exchange-traded fund, the iShares Staked Ethereum Trust ETF. Additionally, Galaxy has delivered the first data hall at the Helios data center to CoreWeave, officially beginning revenue recognition, and expects to complete the delivery of the first phase's 133 megawatts of critical IT load by the end of Q2 2026. (PRNewswire)
AI trading agent platform Fere AI closes $1.3M funding round, led by Ethereal Ventures
According to GlobeNewswire, Fere AI, an AI-powered digital asset trading agent platform, has announced the completion of a $1.3 million funding round led by Ethereal Ventures, with participation from Galaxy Vision Hill and Kosmos Ventures. The platform supports cross-chain networks including Ethereum, Solana, and Base, enabling users to describe their trading objectives in natural language—AI agents then execute the trades. The new funds will be used to accelerate platform feature development and optimize trading execution strategies.
TD Cowen: The Crypto Bill “Clarity for Digital Tokens Act” Faces Five Major Obstacles, Passage Outlook Uncertain
According to The Block, Jaret Seiberg, Managing Director of the Washington Research Group at investment bank TD Cowen, stated that stablecoin yield issues are not the sole obstacle to the passage of the Clarity Act—and cited the following five additional hurdles: 1. A severe shortage of Commodity Futures Trading Commission (CFTC) commissioners: only Chairman Michael Selig remains in office, and the process to appoint new commissioners could take several months, while the bill must complete its review by the end of July; 2. Complex regulatory questions surrounding prediction markets—including concerns about insider trading and potential conflicts of interest involving the Trump family—which may prompt Democratic lawmakers to withdraw their support via related amendments; 3. Ongoing controversy surrounding World Liberty Financial, a cryptocurrency project affiliated with the Trump family, increasing political resistance from Democrats toward supporting the bill; 4. Reports indicating Iran is discussing requiring vessels transiting the Strait of Hormuz to pay tolls in cryptocurrency—a development that could trigger contentious anti-money laundering (AML) amendments, potentially serving as a “poison pill” for the bill; 5. Risk that the Credit Card Competition Act could be attached to the Clarity Act, jeopardizing the entire bill’s progress. Regarding stablecoin yield issues, Senator Thom Tillis indicated that the Senate Banking Committee will not vote on the bill until as early as May. TD Cowen maintains its assessment that the bill has approximately a one-in-three chance of passing this year, while Galaxy Digital estimates the probability at roughly 50%.
Related news
Galaxy Research Head: CLARITY Act Stablecoin Yield Compromise Announced; ~50% Chance of Becoming Law This Year
Alex Thorn, Head of Research at Galaxy Research, stated that the U.S. crypto market structure bill—the CLARITY Act—has entered a critical legislative phase. With the Senate’s key compromise proposal on stablecoin yield officially released, positive signals have emerged for the bill’s advancement. The Senate Banking Committee could begin formal consideration as early as the week of May 11. The new proposal explicitly expands the scope of stablecoin yield restrictions—from issuers to third-party platforms, including crypto exchanges such as Coinbase—and stipulates that yields must not be paid solely because users hold stablecoins (i.e., idle balances), nor may rewards be distributed in forms that are economically or functionally equivalent to bank deposit interest.
Suspected Multicoin Address Holds $26.9M in HYPE, with Unrealized Profit of Approximately $10.5M
Arkham posted on X, stating that Arkham AI has identified a suspected Multicoin address. After receiving $39.4 million transferred from Galaxy Digital OTC, this address deposited $22.99 million into Coinbase. The address currently still holds $26.9 million in HYPE, with an unrealized profit of approximately $10.5 million.
Germany AllUnity Expands Euro Stablecoin EURAU to Solana
AllUnity, a joint venture backed by DWS, Flow Traders, and Galaxy Digital, announced the expansion of its Euro-denominated stablecoin EURAU, which complies with the EU's MiCA regulatory framework, to the Solana blockchain network. This move aims to enhance the efficiency of on-chain Euro transfers and support compliant financial applications.EURAU was first launched on Ethereum in July last year, backed by 100% reserves and issued under the EU's e-money regulatory framework. By integrating with Solana, AllUnity seeks to leverage its high-performance network to achieve faster settlement speeds and lower transaction costs, enabling businesses and developers to complete on-chain Euro transfers within seconds.This mechanism can be widely applied in areas such as cross-border payments, transaction settlement, lending, and corporate treasury management. For instance, payment companies can execute real-time payments to overseas contractors without waiting days for traditional bank transfers to settle. (CoinDesk)
Galaxy Digital Reports $216 Million Net Loss for Q1 2026, Stock Rises 5% Against Market Trend
Galaxy Digital released its first-quarter 2026 financial results, reporting a net loss of $216 million and a diluted loss per share of $0.49. The primary driver was the broad downturn in cryptocurrency markets during the quarter, with total crypto market capitalization shrinking by approximately 20%. Its crypto asset holdings declined from $1.67 billion in Q4 2025 to $1.36 billion. As of the end of March, its largest crypto holding was 6,894 BTC (approximately $431 million), followed by $61 million worth of SOL and $42 million worth of ETH. Despite the pressure on earnings, Galaxy Digital’s AI infrastructure business is progressing smoothly: the company confirmed delivery of its first data center facility to CoreWeave and expects to fulfill its full commitment of 133 megawatts of AI/IT infrastructure by the end of Q2. Boosted by this news, the company’s stock (NASDAQ: GLXY) rose 5% intraday—a move that diverged from Bitcoin’s concurrent decline. Wall Street analysts currently assign GLXY an aggregate rating of “Moderate Buy,” with a consensus target price of $39.40—implying roughly 50% upside from its share price of $26.30 at the time of writing.
Blockchain financial company Fence completes $20 million funding round, led by Galaxy Digital
blockchain financial company Fence has announced the completion of a $20 million new funding round, led by Galaxy Digital, with participation from Parafi Capital and Crane Venture Partners. Fence is dedicated to leveraging blockchain and tokenization technology to transform the back-office processes of the asset-backed finance market, primarily focusing on the operational layer of structured credit transactions, including loan pool tracking, collateral verification, and cash flow management. Fence emphasizes that it does not define itself as a blockchain company, but rather uses blockchain as back-office infrastructure to automatically manage cash, collateral, and transaction rules through smart contracts, and to tokenize loan positions when necessary to enhance liquidity and automation. (CoinDesk)
Galaxy Reports Q1 Earnings: Net Loss of $216 Million Amid Crypto Market Downturn
Galaxy Digital has released its financial results for the first quarter of 2026, showing a net loss of $216 million for Q1, impacted by the downturn in the crypto asset market during the quarter. The diluted and adjusted loss per share was $0.49. Adjusted gross loss for the period was $88 million, and adjusted EBITDA loss was $188 million. As of March 31, Galaxy Digital's total equity stood at $2.8 billion, holding $2.6 billion in cash and stablecoins.In terms of digital asset business, Galaxy's assets under management reached $5 billion, with staked assets totaling $3.2 billion. BlackRock has selected Galaxy as the validator for its staked Ethereum exchange-traded fund, the iShares Staked Ethereum Trust ETF. Additionally, Galaxy has delivered the first data hall at the Helios data center to CoreWeave, officially beginning revenue recognition, and expects to complete the delivery of the first phase's 133 megawatts of critical IT load by the end of Q2 2026. (PRNewswire)