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The largest stablecoin issuer, Tether Holdings SA, has become one of the major sources of liquidity in the digital asset market since the crash that nearly wiped out the entire crypto-lending sector several years ago.
Billionaire Michael Novogratz’s crypto conglomerate Galaxy Digital Holdings Ltd has received permission for a direct listing on the Nasdaq stock exchange, with trading expected to happen shortly after special shareholder meeting, the company said in a press release.
Shares of Coinbase Global Inc. and other firms linked to cryptocurrencies have been hammered this quarter as growing concerns about the US economy weigh on digital assets.
Mentions: SLNH
President Donald Trump’s inaugural committee received millions of dollars in donations from firms in the cryptocurrency industry that’s already seeing special attention from his administration, disclosures filed with the Senate Office of Public Records show.
Galaxy Digital Holdings Ltd. hired Point72 Chief Financial Officer Anthony Paquette to serve in the same capacity at the crypto conglomerate run by billionaire Michael Novogratz, according to a person familiar with the appointment.
Mentions: JPM
Michael Novogratz, the billionaire head of crypto investment firm Galaxy Digital, said there is a low likelihood that the US will set up a Bitcoin strategic reserve as proposed by President-elect Donald Trump.
Michael Novogratz, the billionaire founder of Galaxy Digital, said interest in crypto surged in conjunction with Donald Trump’s victory in the US presidential race, with the digital-asset firm posting its largest trading day of the year on Wednesday.
Mentions: STT
Bankrupt crypto miner Rhodium Encore LLC received court approval for an unusual debtor-in-possession financing plan on Friday that offers options to borrow in either US dollars or Bitcoin.
Billionaire Michael Novogratz’s Galaxy Asset Management unit has raised $113 million for a venture fund investing in early-stage startups focused on crypto software, infrastructure and financial applications.
Democratic donors looking to replace President Joe Biden as their candidate are advocating for an open selection process to find an alternative, a gambit rife with political risks and logistical unknowns.