Tag: Galaxy Digital
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Galaxy Digital’s Expansion Raises Profitability Questions
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Galaxy Digital Holdings Ltd. (NasdaqGS: GLXY) has enjoyed a remarkable resurgence over the past month, with shares soaring more than 20% amid renewed confidence in the digital-asset sector. Year-to-date, the company’s stock is up nearly 120%, outperforming both the broader equity market and most crypto-linked firms. This rally mirrors the rebound in digital-asset sentiment as…
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Trading Chaos: Robinhood Crashes as Galaxy Rises
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Chaos erupted in financial markets on Monday morning as thousands of Robinhood users took to social media to report widespread outages just as trading began. The disruption prevented many from executing trades or accessing their accounts during one of the most volatile and high-traffic periods of the trading day, market open. Users flooded platforms such…
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Institutions Bet Big on Solana as Galaxy and Forward Industries Move Billions
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On-chain data and corporate disclosures reveal a fresh wave of institutional interest in Solana (SOL), with Galaxy Digital and Forward Industries spearheading large-scale purchases. The developments shift attention away from retail speculation, spotlighting how professional desks and corporates are positioning themselves around the fast-growing blockchain network. Galaxy Digital Extends Solana Buying Spree Galaxy Digital, the…
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Galaxy Digital to Pay $200M in Luna Settlement: A Lesson in Hubris
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Galaxy Digital Holdings, led by billionaire Michael Novogratz, has agreed to pay $200 million in penalties to settle allegations of misleading practices related to the failed Luna cryptocurrency. The settlement with the New York attorney general highlights the lingering fallout from one of the crypto industry’s most infamous collapses. The Settlement Details The $200 million…