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Galaxy Asset Management raises $113M for new crypto venture

[Jul 25 5:10 AM] The $113 million could be a significant financial lifeline for cryptocurrency startups, inviting more institutional attention to the crypto space.

Mainland China to ‘unban’ Bitcoin? Community says ‘unlikely’

[Jul 15 7:02 AM] Mainland China has repeatedly banned certain activities related to Bitcoin, but it has somehow still remained a major player in activities like Bitcoin mining.

Memecoins are a ‘cornerstone’ of crypto — Galaxy’s Novogratz

[Jun 13 12:28 AM] 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.

Novogratz Predicts Bitcoin Trading Between $55K-$75K This Quarter

[May 19 6:24 PM] 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…

Galaxy Digital CEO: Bitcoin Unlikely to Fall Below $55,000 — ‘That’s the New Floor’

[Mar 15 9:30 PM] 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…

German asset manager DWS joins Galaxy to issue euro stablecoin

[Dec 13, 2023 2:57 AM] AllUnity, a new joint venture by DWS, Galaxy and Flow Traders, plans to issue the euro stablecoin on all major public permissionless L1s and L2s, DeFi use cases.

Report Reveals 88,200 Millionaires Built Wealth Through Cryptocurrency

[Sep 5, 2023 1:30 PM] A study by Henley & Partners, an investment migration consultancy in London, reveals an interesting insight: of the world’s 56.1 million millionaires, a notable 88,200 have earned their fortunes in cryptocurrency. Crypto’s Elite: How…

‘Hedging Bitcoin and Ether’ — FTX Seeks Court Approval for Strategic Partnership With Galaxy Digital

[Aug 24, 2023 1:30 PM] FTX Trading Ltd., accompanied by its linked debtors, has approached the U.S. Bankruptcy Court in Delaware with a proposal to collaborate with Michael Novogratz’s Galaxy Digital Capital Management LP, also known as Galaxy Asset Management. FTX…

BitGo raises $100M after losing lawsuit against Galaxy

[Aug 16, 2023 7:02 AM] BitGo’s Series C funding featured entirely new investors based in the United States and Asia, CEO Mike Belshe said.

Bitstamp crypto exchange to raise funds for global expansion: Report

[Aug 8, 2023 2:37 AM] One of the world’s oldest cryptocurrency exchanges, Bitstamp, is trying to scale its operations with new fundraising advised by Galaxy Digital.

Bankrupt Celsius to spend $24M from GK8 sale on legal expenses

[Jul 18, 2023 3:03 AM] After buying GK8 for $115 million in 2021, Celsius is selling it for $25 million, spending 96% of the sale proceeds on legal fees.

Mike Novogratz Warns of Credit Crunch in US and Globally — Expects Fed to Cut Rates ‘Sooner Than We Think’

[Mar 18, 2023 9:30 PM] Galaxy Digital CEO Mike Novogratz has warned of a credit crunch in the U.S. and globally. Emphasizing that “we are heading into a recession,” he expects the Federal Reserve to cut interest rates “sooner than we think.”…

Mike Novogratz Says Bitcoin Could Return to $30,000 Next Month

[Feb 16, 2023 7:00 PM] Galaxy Digital CEO Mike Novogratz says he wouldn’t be surprised if the price of bitcoin returns to $30,000 next month. “When I look at the price action, when I look at the excitement of the customers calling, the FOMO [fear of missing…

Argo Blockchain sells top mining facility to Galaxy Digital for $65M

[Dec 28, 2022 2:45 AM] Argo Blockchain reduces its total debt by $41 million by selling its flagship Helios mining facility and getting a $35 million loan from Galaxy.

Galaxy Digital Reveals Update on Ties to FTX, Partnership Has ‘Exposure of Approximately $76.8 Million’

[Nov 9, 2022 5:30 PM] Following the issues surrounding FTX, the publicly-listed firm Galaxy Digital published its third-quarter earnings report and noted it has an “exposure of approximately $76.8 million of cash and digital assets to FTX.” The news follows a great…