Galaxy Digital CEO: Spot Bitcoin ETF may be approved within the next three months
Mike Novogratz, CEO of Galaxy Digital, said in an interview with CNBC that a Bitcoin ETF based on spot prices may be approved within the next three months. He said, "After talking to everyone else, it feels like the conversation with the SEC is moving in the right direction. When you get into the comment period and understand what they're asking, everything seems more specific than vague."
FTX Announces Cybersecurity Breach Involving Claims Agent Kroll, Limited Customer Data Exposed
Crypto exchange FTX has reported a cybersecurity breach involving its claims agent Kroll, which has resulted in the exposure of non-sensitive customer data from specific claimants linked to the ongoing bankruptcy case. FTX has assured customers that account passwords, systems, and funds remain unaffected. Kroll is notifying affected individuals directly and FTX is diligently overseeing the situation.
Bankrupt FTX Seeks To Stake and Hedge Crypto Holdings With Help From Mike Novogratz’s Galaxy
Bankrupt cryptocurrency exchange FTX is seeking to hire Galaxy Digital, an investment advisor part of Mike Novogratz's crypto conglomerate, to help sell, stake, and hedge its $3 billion crypto holdings. FTX hopes to return funds to creditors in fiat currency and generate low-risk returns on idle digital assets through staking.
ParaFi Capital Transferred 7,000 ETH From Coinbse 10 Hours Ago and Transferred It to the Relevant Address of Galaxy Digital
According to Scopescan data monitoring on August 24th, ParaFi Capital transferred 7,000 ETH from Coinbase to a related address at Galaxy Digital 10 hours ago. In the past month, ParaFi Capital has received a total of $21 million worth of ETH from FalconX, Cumberland, Coinbase, and machibigbrother.eth.
Galaxy Digital CEO references 90s chart-topper to highlight crypto resilience
During an earnings call for the second quarter, Galaxy Digital CEO Mike Novogratz referenced a chart-topping Chumbawamba song from the late 1990s to describe the resilience of the crypto community. Despite a 54% decrease in trading revenue, the firm reduced its net loss for the period to $46 million from $554.7 million in the same quarter last year. Novogratz expressed optimism about recent developments in the industry, including progress towards an ETF approval and Ripple's legal case. He also stated that Galaxy Digital would fight for market share if a spot bitcoin ETF is approved, but expressed frustration with the difficulty of getting the firm onto the Nasdaq stock exchange and warned about the potential negative impact of regulatory uncertainty on job competitiveness in the US.
Galaxy Digital Founder: Institutions Reinvest in Crypto Futures and Stocks
that Mike Novogratz, founder of cryptocurrency investment company Galaxy Digital, said that institutions are "returning" to the cryptocurrency field. Institutions are reinvesting in cryptocurrency futures and stocks.
Galaxy Digital's Nasdaq Listing Plan May Face Further Delays Due to Class Action Lawsuit and SEC Scrutiny
Galaxy Digital's plans to gain a Nasdaq listing may be further delayed due to a pending class action lawsuit in Canada related to the failed luna cryptocurrency. The lawsuit alleges that Galaxy failed to comply with reporting requirements on its holdings of luna and that CEO Mike Novogratz made misrepresentations regarding the company’s exposure to the cryptocurrency prior to its collapse in May 2022. Galaxy plans to fight the charges but may be required to disclose the suit to the market if it is certified as a class action, which could have repercussions for its listing plans. The SEC may closely scrutinize all crypto-related suits, and Galaxy's complex business may face scrutiny even without complications from the lawsuit.
Galaxy Digital CEO Mike Novogratz Urges Followers to "Buy BTC" as US Government's Interest Expense on Sovereign Debt Grows
Galaxy Digital CEO Mike Novogratz has urged his followers to "Buy BTC" in response to the US government's increasing interest expense on its sovereign debt. Analysts predict that the Federal Reserve may be forced to lower its benchmark interest rate again if the government cannot keep up. The US government is currently paying $970 billion per year in interest payments, which is the highest interest expense of all time. This suggests that the central bank may need to inject money into the economy again, which could be bullish for risk assets such as Bitcoin.
Galaxy Digital CEO Mike Novogratz Denies Insider Trading Allegations in Response to XRP Community Member's Claims
June 21 (Cointime) - Mike Novogratz, CEO of Galaxy Digital, has confirmed that he has been an investor in Ripple since its inception and has not sold his shares in the past decade. This statement was made in response to allegations from a prominent member of the XRP community that Novogratz had insider knowledge of SEC regulations.
Galaxy Digital Avoids Damages in Lawsuit Over Abandoned BitGo Merger
Crypto investment firm Galaxy Digital has been cleared of any obligation to pay damages in relation to its failed merger with asset custodian BitGo. The court dismissed the claim against Galaxy, which said it was "pleased" with the outcome. Galaxy called off its $1.2bn proposal to acquire BitGo last year after the target failed to provide audited financial statements by a certain date. BitGo had claimed the merger agreement was not due to expire until the end of the year and said it would sue Galaxy.
