Galaxy Digital News

Galaxy Asset Management has bagged $113 million for a new venture fund investing in early-stage startups focused on crypto software, infrastructure and financial apps. Michael Novogratz‘s crypto bank Galaxy Digital has raised $113 million for a new fund focused on…

Galaxy Digital, the digital bank founded by Michael Novogratz, is poised to become the largest validator in the Solana network. Galaxy Digital, a global crypto-focused financial services firm founded by Bitcoin bull Michael Novogratz, is set to surpass Coinbase as…

Robin Linus, the author of BitVM whitepaper, slammed Citrea stating that the project’s marketing is “full of overclaims and misleading statements.” Bitcoin zero-knowledge rollup Citrea, which recently secured $2.7 million in a seed funding round led by Galaxy Ventures, has…

Galaxy Digital’s Alex Thorn suggests that the SEC might classify staked Ethereum as a security in a bid to find a loop to approve spot Ethereum ETF. The U.S. Securities and Exchange Commission (SEC) might make an eyebrow-raising turn regarding…

Galaxy Digital CEO Michael Novogratz thinks the crypto market has stuck in a “consolidation phase,” blocking it from growing higher. Bitcoin is unlikely to experience any bull run in the foreseeable future as the whole crypto market has been stuck…

California-based venture capital firm Pantera Capital has reportedly won another bid for discounted SOL tokens from a collapsed exchange. Pantera Capital, a Menlo Park-headquartered crypto venture capital firm, has won another pack of discounted Solana’s SOL tokens in an auction…

Venture capital veterans as well as crypto management firms have lined up to back 1kx’s new fund focused on crypto consumer apps. Crypto investment firm that specializes in ecosystem growth 1kx has oversubscribed its early-stage venture fund to back crypto…

Galaxy Asset Management surpassed $10 billion in Assets under Management (AUM) for the first time on Feb. 29, 2024. Galaxy Digital Holdings’ institutional investing division credited the milestone to a growing enthusiasm among institutional investors for digital assets. Mike Novogratz,…

Citrea, a project focused on integrating zero-knowledge rollups with Bitcoin, has raised $2.7 million in a seed round led by Galaxy Ventures, part of Galaxy Digital. The investment marks a significant step towards enhancing Bitcoin’s capability to support a wider…

The U.S. Securities and Exchange Commission (SEC) has delayed considering an application for a spot Ethereum (ETH) ETF, proposed by Invesco and Galaxy Digital. The SEC said it would initiate proceedings to determine whether to approve or deny a proposed…

LPL Financial, the largest U.S. independent broker-dealer, takes a measured approach, conducting a three-month evaluation before entering the spot Bitcoin ETF market. The San Diego-headquartered broker-dealer is planning a thorough three-month evaluation before deciding to join the spot Bitcoin exchange-traded…

Invesco and Galaxy Digital have announced fee reductions for their spot Bitcoin (BTC) ETF (BTCO). According to filings with the U.S. Securities and Exchange Commission, the fee is reduced by 14 basis points, from 0.39% to 0.25%. Invesco and Galaxy…

Mike Novogratz’s crypto bank Galaxy Digital says 2024 will be a crucial year for Ethereum, as other layer-1 blockchains will raise the stakes. Ethereum appears to be navigating uncharted waters, as the network is set to face “unprecedented challenges” in…

The U.S. Securities and Exchange Commission (SEC) has delayed its review of Invesco Galaxy’s Ethereum (ETH) spot ETF. Setting a new deadline of Feb. 6, the SEC has pushed back the applications of a spot ETH ETF that would allow…

Mike Novogratz, Galaxy Digital CEO, opined that Bitcoin could swiftly race above its 2021 all-time high once the SEC greenlights spot BTC ETFs. 

Sources close to Mike Novogratz's Galaxy Digital say the firm already held a call with hundreds of investment firms about allocating to Bitcoin.