Galaxy tokenizes violin to secure loan, NFT sales volume tumbles: Nifty Newsletter
NFTs recorded a 54% drop in sales volume, from over $1 billion in April to $624 million in May. Go to Source
Galaxy Digital
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Galaxy Digital uses historic violin NFT to secure loan
The violin once belonged to Russian Empress Catherine II, also known as Catherine the Great. Go to Source
BitGo’s $100M suit against Galaxy can proceed — Delaware Supreme Court
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
Novogratz Predicts Bitcoin Trading Between $55K-$75K This Quarter
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
Bitcoin will stay in $55K to $75K zone for now: Novogratz
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 to Debut $100 Million Crypto Fund Initiative
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 CEO: US Debt Crisis Drives Demand for Bitcoin
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: Bitcoin Unlikely to Fall Below $55,000 — ‘That’s the New Floor’
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
Galaxy Digital CEO Anticipates BTC Reaching $100K This Year Citing ‘Runaway Momentum’ in Spot Bitcoin ETFs
Galaxy Digital CEO Mike Novogratz firmly believes that bitcoin will reach $100K this year. “Right now there are more buyers and sellers,” he explained, adding that there is “runaway momentum” in bitcoin exchange-traded funds (ETFs). In addition, he pointed to a “new phase of bitcoin” as the asset class welcomes baby boomers. He further asserted … Read more
Coinbase, Marathon stocks surge as Bitcoin lights ‘fire in the cauldron’
The anticipated Bitcoin halving and potential ETF approvals have lit “some serious fire in the cauldron” for crypto, said Zerocap investment chief Jon de Wet. Go to Source
