Galaxy Digital claimed 2.34 million ENA from Ethena six hours ago and then deposited all of them into Binance
According to on-chain analyst @ai_9684xtpa, Ethena's first airdrop to the top 2000 token holders will lock 50% of the tokens, with the remaining portion gradually unlocking over 6 months. The first month's airdrop was unlocked on May 2nd. Six hours ago, Galaxy Digital claimed 2.34 million ENA tokens from Ethena, worth $1.99 million, and then deposited them all into Binance. The ENA coin price has fallen 19% from its highest point.
Galaxy Digital reports full-year 2023 net profit of $296 million
Galaxy Digital, a digital asset financial services company, announced a net profit of $296 million for the full year of 2023. This marks a significant change compared to the loss of $1 billion in the same period last year, indicating that the "crypto winter" is over.
Investment bank Stifel gives Galaxy Digital a buy rating and a price target of C$20
Investment bank Stifel (SF) stated in a research report on Wednesday that Galaxy Digital should be a core holding for stock investors looking to enter the digital asset ecosystem. Stifel has given a buy rating with a target price of 20 Canadian dollars. Galaxy fell 4.7% to close at 13.11 Canadian dollars on Thursday. Analysts Bill Papanastasiou and Suthan Sukumar stated that "the company has asymmetric return characteristics, significant principled risk exposures compared to Bitcoin and Ethereum, and diversified revenue streams in trading, investment banking, and asset management. Through its infrastructure solutions division, it has long-term potential for massive growth."
Galaxy Digita CEO: Bitcoin price should 'go higher within six months'
Michael Novogratz, CEO of Galaxy Digital, said that the price of Bitcoin should "rise within six months" as investors sell their shares in the Grayscale Bitcoin Trust (GBTC) and move towards trading other exchange-traded funds (ETFs). Novogratz added that the current market anxiety will dissipate, and only about 30% of the outflow of funds from GBTC has gone to newly established ETFs, thus pushing up the valuation of Bitcoin in the next six months.
GALA, LINK, and MAGIC rank at the top of the Smart Money 24-hour inflow list
On December 31, according to Nansen 2 data, the following is the 24-hour fund inflow tracking list of Smart Money on the Ethereum network:<br>GALA: about $3 million, currently priced at $0.03077, with a 24-hour increase of 0.42%;<br>LINK: about $1.32 million, currently priced at $15.026, with a 24-hour decrease of 1.75%;<br>MAGIC: about $720,000, currently priced at $1.092, with a 24-hour increase of 0.37%.
Galaxy associated address withdraws 500 BTC from Deribit
According to The Data Nerd monitoring, an address related to Galaxy withdrew 500 BTC from Deribit 1 hour ago.
Galaxy Digital CEO: Bitcoin spot ETF is expected to be approved before January 10 next year
Galaxy Digital CEO Michael Novogratz recently interviewed by CNBC expressed confidence in the US SEC's imminent approval of Bitcoin spot ETF. Novogratz said: "We will see this ETF before January 10, 2024. This is Gensler's deadline before getting involved with Grayscale and litigation." It is currently unclear whether Novogratz specifically refers to Grayscale's application to convert GBTC to Bitcoin ETF or other Bitcoin spot ETF applications submitted by other financial institutions. Meanwhile, Grayscale CEO Michael Sonnenshein said that the SEC needs to approve various Bitcoin ETF applications at the same time to avoid giving any issuer a first-mover advantage.
Galaxy Digital plans to help more bankrupt digital asset companies sell assets
Galaxy Digital is seeking to help more bankrupt digital asset companies sell their assets. Galaxy Digital stated that it had previously helped FTX sell, hedge, and pledge bitcoin, ethereum, and other digital assets, as well as Grayscale Bitcoin Trust assets, increasing its asset management scale to $5.3 billion. Steve Kurz, global head of asset management at Galaxy Digital, said that Galaxy Digital is interested in acquiring assets from other bankrupt companies.
Galaxy Digital: Net loss of $94 million in Q3
According to Bloomberg, Galaxy Digital Holdings, Michael Novogratz's cryptocurrency financial services company, reported a net loss of $94 million in the third quarter, compared to a net loss of approximately $68 million in the same period last year. The company had a loss of approximately $46 million in the second quarter. It is widely predicted that Galaxy's losses will stabilize at around $44 million.
Galaxy Digital founder: It is expected that the United States will not approve regulatory systems related to cryptocurrency until 2024
Mike Novogratz, the founder of Galaxy Digital, stated that he expects the United States to not approve any regulatory system related to cryptocurrency until 2024.
