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Billionaire Mike Novogratz Says Big ‘Step Change’ Underway for Crypto Industry Following Trump Victory

Billionaire Mike Novogratz Says Big ‘Step Change’ Underway for Crypto Industry Following Trump Victory

The chief executive of crypto asset management firm Galaxy Digital says that big changes are coming to the digital assets industry following yesterday’s US presidential election. In a new interview with CNBC Television, billionaire Mike Novogratz says that not only are President-elect Donald Trump’s stances pro-crypto, he’s surrounded by individuals who will help the industry […]

The post Billionaire Mike Novogratz Says Big ‘Step Change’ Underway for Crypto Industry Following Trump Victory appeared first on The Daily Hodl.

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$4,128,000,000,000 Titan State Street Launching Three New Crypto ETFs Managed by Galaxy Asset Management

,128,000,000,000 Titan State Street Launching Three New Crypto ETFs Managed by Galaxy Asset Management

State Street Global Advisors has announced the launch of three new digital asset and “disruptive technology” exchange-traded funds (ETFs). All three ETFs will be managed by Galaxy Asset Management, an affiliate of Mike Novogratz’s Galaxy Digital Holdings. In a press release, State Street says it is launching the SPDR Galaxy Digital Asset Ecosystem ETF (DECO), […]

The post $4,128,000,000,000 Titan State Street Launching Three New Crypto ETFs Managed by Galaxy Asset Management appeared first on The Daily Hodl.

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Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm

Court Approves BTC Loan for Bankrupt Bitcoin Mining FirmRhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to provide Rhodium with a loan of either $30 million in dollars or 500 bitcoin. […]

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‘Only a Small Number Can Survive’ – Galaxy Digital Issues Warning to Bitcoin Layer-2s Amid Scarce Blockspace

‘Only a Small Number Can Survive’ – Galaxy Digital Issues Warning to Bitcoin Layer-2s Amid Scarce Blockspace

Crypto investment firm Galaxy Digital is issuing a warning, saying that Bitcoin (BTC) layer-2s are in danger of potentially losing their funds. In a new research post, the crypto firm says Bitcoin’s blocks – or files where information is stored and encrypted – are crowded due to excessive demand. According to Galaxy Digital, BTC layer-2 […]

The post ‘Only a Small Number Can Survive’ – Galaxy Digital Issues Warning to Bitcoin Layer-2s Amid Scarce Blockspace appeared first on The Daily Hodl.

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Billionaire Mike Novogratz Raises $113,000,000 for Galaxy Digital’s New Crypto Venture Fund: Report

Billionaire Mike Novogratz Raises 3,000,000 for Galaxy Digital’s New Crypto Venture Fund: Report

Billionaire Mike Novogratz’s crypto firm Galaxy Digital is reportedly planning to invest more than $100 million into digital asset startups. According to a new report by Bloomberg, Galaxy Digital’s new Galaxy Ventures Fund I LP has so far raised $113 million to benefit startups focusing on crypto software, infrastructure and financial applications. The venture capital […]

The post Billionaire Mike Novogratz Raises $113,000,000 for Galaxy Digital’s New Crypto Venture Fund: Report appeared first on The Daily Hodl.

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Ethereum ETFs Should Attract Roughly 33% the Inflows of Bitcoin ETFs: Galaxy Digital

Ethereum ETFs Should Attract Roughly 33% the Inflows of Bitcoin ETFs: Galaxy Digital

Crypto firm Galaxy Digital is forecasting how Ethereum (ETH) exchange-traded funds (ETFs) will stack up to Bitcoin (BTC) ETFs. According to a new research post from Charles Yu, the firm’s vice president of research, Ethereum ETFs will see roughly one-third of the inflows of similar Bitcoin products. To reach their estimate, Yu says the firm […]

The post Ethereum ETFs Should Attract Roughly 33% the Inflows of Bitcoin ETFs: Galaxy Digital appeared first on The Daily Hodl.

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Galaxy Digital’s Alex Thorn: Mt Gox Bitcoin Distributions Unlikely to Disrupt Market

Galaxy Digital’s Alex Thorn: Mt Gox Bitcoin Distributions Unlikely to Disrupt MarketAfter 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 […]

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

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.

Galaxy Digital CEO Michael Novogratz has reiterated his support for memecoins, calling it a “cornerstone” of the cryptocurrency industry in a post on X. 

Not everyone agrees, though, with many still labeling them as just “silly casino chips.”

“So people are making fortunes and there are two ways to make fortunes in memecoin investing,” Novogratz said a video from Business Untitled, which he posted on June 13, declaring that they are the “most powerful narratives out there.”

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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.

In this week’s newsletter, read about Galaxy Digital using a nonfungible token (NFT) of a historic violin to secure a loan and how NFT sales volume plummeted in May. Check out what the United States Treasury Department thinks about NFTs and how Bitcoin NFTs reached a new milestone. In other news, Dapper Labs CEO Roham Gharegozlou claims that NFTs are not securities after reaching a settlement on the NBA Top Shot Moments lawsuit. 

Michael Novogratz’s Galaxy Digital and Animoca Brands co-founder Yat Siu tokenized a 300-year-old violin as collateral for a loan. Galaxy lent Siu an undisclosed amount, and to secure the loan, the Animoca executive used an NFT of the historic Stradivarius violin and the physical asset as collateral.

The violin was once owned by the Russian Empress Catherine the Great. Musical instrument auction house Tarisio traced the violin’s origins back over 300 years. Siu acquired the violin in a 2023 auction for $9 million.

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