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After a decade-long wait, creditors of the defunct Mt Gox exchange are set to receive in-kind distributions of bitcoin and bitcoin cash starting in July. The head of research from Galaxy Digital predicts the market impact of these distributions will be less severe than anticipated. Long-Term Bitcoin Holders Likely to Retain Mt Gox Bitcoin Distributions … Read more
Galaxy Digital CEO Michael Novogratz has hailed memecoins as the “most powerful narratives out there” but others in the crypto industry are not so confident. Go to Source
NFTs recorded a 54% drop in sales volume, from over $1 billion in April to $624 million in May. Go to Source
The violin once belonged to Russian Empress Catherine II, also known as Catherine the Great. Go to Source
After being dismissed by the Delaware Court of Chancery in 2023, the state’s supreme court ruled the definition of the merger agreement between BitGo and Galaxy was “ambiguous.” Go to Source
Bitcoin is expected to trade within a narrow range this quarter, according to Michael Novogratz, founder of Galaxy Digital Holdings Ltd. “Bitcoin, ethereum and everything else, solana will consolidate,” he said last week, adding that it means BTC will probably trade “somewhere between $55,000 and $75,000 until the next set of circumstances, the next set … Read more
Mike Novogratz says crypto is in a “consolidation phase” and predicts that prices will bounce higher at the end of the current quarter. Go to Source
Galaxy Digital, a cryptocurrency venture capital firm, is in talks with third parties to launch its first cooperative crypto investment fund. The fund, called Galaxy Ventures Fund I, LP, will focus on crypto projects still in their early stages and is seeking to raise and allocate $100 million to 30 startups over the next three … Read more
Galaxy Digital CEO Mike Novogratz has proposed several measures to prevent a U.S. debt spiral. The executive explained that the U.S. debt crisis makes it “so easy to convince people to buy bitcoin and other hard assets.” He emphasized that implementing these measures could give the U.S. a chance to avoid a “debt death spiral.” … Read more
Galaxy Digital CEO Michael Novogratz says he doesn’t believe the price of bitcoin will fall back down to the $50K-$55K level. “I think that’s the new floor unless something dramatic happens,” he described. “This has been a wild ride of an asset,” he added, noting that we’re in price discovery mode and if you look … Read more
