Galaxy Digital Announces a $100M Fund to Invest in Early-stage Crypto Companies
The new Galaxy Digital fund dubbed the Galaxy Ventures Fund I, LP, will invest in as many as 30 startups over the next three years.
Galaxy Asset Management Reaches $10B AUM Milestone
The company revealed in a blog post that, as of February 29, 2024, GAM was managing a staggering $10.1 billion in assets, marking a substantial 24.8% increase compared to the previous month.
Mike Novogratz Says Bitcoin (BTC) Will Become Larger than Gold
The billionaire CEO described the current market level as “frothy”, noting that BTC is experiencing a price discovery phase with the arrival of the ETFs, bringing in “a new army” to test the market.
Bitcoin Sees Massive Liquidation Following 7% BTC Price Plunge
Commenting on Bitcoin’s recent movements, Mike Novogratz, CEO of Galaxy Digital, noted that BTC is in a price discovery phase, fueled by increased accessibility to US investors.
Bitcoin Effect: Mike Novogratz Remains Bullish on BTC
Despite the positive development, Novogratz acknowledges the lack of clear regulations surrounding cryptocurrencies.
Galaxy Digital Goes Long on Ethereum: Moves 26K ETH from Coinbase and Binance
Galaxy Digital’s decision to move substantial amounts of Ethereum echoes a similar sentiment to its previous stance on the cryptocurrency, particularly evident in actions taken last year.
Bitcoin Price Could Hit $1,000,000 by 2029, Says Perianne Boring
As the crypto market evolves, only time will tell if Bitcoin can truly reach $1 million by 2029, altering how investors view and interact with digital assets.
Federal Court Set to Formalize Grayscale ETF Victory Today Following SEC’s Refusal to Appeal
By
Tolu Ajiboye
A federal court may formalize the ruling on Grayscale’s ETF today, officially vacating the SEC’s refusal to convert the GBTC.
SEC Chair Says He’s Still Weighing Bitcoin ETF Proposals
The SEC chair said that the Commission has a lot of applications to review for spot Bitcoin ETFs. Mike Novogratz expects a spot Bitcoin ETF coming by the year end.
Galaxy Digital Boss Mike Novogratz Says SEC Will Approve Spot Bitcoin ETF This Year
By
Tolu Ajiboye
Novogratz thinks the Fidelity Investments victory against the SEC puts the Commission in a corner where a Bitcoin ETF approval is inevitable.