galaxy

Lookonchain monitoring shows that a giant whale address transferred approximately 6,532 ETH to the deposit address of Galaxy Digital, worth about 13.62 million USD.

According to on-chain analyst Yu Jin's monitoring, Arthur Hayes transferred a total of 3 million USDC to the OTC trading platforms Flowdesk and Galaxy Digital about 10 minutes ago.Half a month ago, Hayes had liquidated various altcoins worth at least 49.25 million dollars and stated that he planned to wait for further price declines before buying again. Since then, the prices of the tokens he previously sold have dropped by about 15% to 30%. This recent transfer of USDC has sparked market speculation about his possible preparations to buy back in, but the specific use of the funds and buying plans have not yet been confirmed.

Cryptocurrency financial services company Galaxy Digital released its Q3 2026 financial report, showing a net profit of $323 million, reversing the $85 million loss from the previous quarter. Adjusted gross profit was $569 million, and adjusted EBITDA was $455 million. Among these, the adjusted EBITDA for treasury and corporate business was $395 million, the data center business was $69 million, and the digital asset business incurred a loss of $9 million.The trading volume of digital assets increased by 12% quarter-over-quarter, and the total scale of managed and staked assets grew by 46% to $10.4 billion. In terms of data centers, Phase I of Helios I has delivered all 133 MW of critical IT load to CoreWeave, and Phase II has secured full financing. The company completed a $3.5 billion issuance of senior secured notes, with the potential total power capacity of data center projects exceeding 5.7 GW.

Galaxy Research Director Alex Thorn stated that after Bitcoin closed above the 50-week moving average for seven consecutive weeks, it closed below that average this week. Historically, in two similar instances, it did not create new weekly closing lows in a bear market.

Onchain Lens monitoring shows that Fidelity has transferred approximately 27,000 ETH to Galaxy Digital, worth about 60.27 million USD.

Galaxy Research Director Alex Thorn stated that after the Democratic Party won both houses of the U.S. Congress, significant progress in key digital asset legislation is still expected to be difficult, and the leadership of congressional committees will also change. He mentioned that Elizabeth Warren may become the chair of the Senate Banking Committee, while Maxine Waters is expected to regain control of the House Financial Services Committee.Several Republican lawmakers who support the crypto industry were defeated, but the pro-crypto camp did not suffer a complete loss. According to Stand With Crypto, 19 pro-crypto senators and 226 pro-crypto representatives have been elected. Tracking by Molly White shows that in 12 highly competitive elections, the side supported by crypto and AI political action committees lost 9, but won all in the safer 40 elections.Reports indicate that House Democrats are discussing expanding Waters' previously proposed "Crypto Investor Consumer Rights Act" into a broader crypto market structure bill. Thorn reiterated that no substantial progress is expected in Congress on key digital asset legislation. In the absence of legislation, the SEC, CFTC, and banking regulators have clarified crypto rules within their existing statutory authority, and the Trump administration still has two years to continue advancing related work.

According to the official announcement, Samsung Wallet will integrate the Sui network and is expected to officially launch the USDC wallet feature in November 2026, initially available to eligible Galaxy users in the United States, potentially covering about 82 million compatible devices.This integration will combine Sui's gas-free stablecoin transfer capability, allowing users to complete USDC transfers through Samsung Wallet without the need to install an additional crypto wallet or hold SUI, and will expand the cross-border transfer and daily payment scenarios for Sui stablecoins.

Galaxy Digital, a cryptocurrency financial services company, CEO Mike Novogratz stated that there is a significant disconnect between GLXY's current stock price and the company's assessed value. Therefore, starting today, he will buy more shares and claims to make a substantial bet on the company.He acknowledged that the blue wave brought by the Democratic victory in the United States has put pressure on companies like Galaxy, but politics should not be confused with long-term fundamentals. He believes that the migration of finance to on-chain and the explosion of AI demand represent a generational shift that transcends government changes and market cycles.Novogratz also mentioned that Galaxy has delivered the first phase of the Helios project in Texas as planned, with an 800-megawatt capacity leased through long-term contracts. The company will continue to collaborate with local legislators, communities, and the new government.

Galaxy Research Director Alex Thorn stated that Bitcoin has closed above the 50-week moving average for the 7th consecutive week, and the market's technical structure remains intact.

According to Onchain Lens monitoring, Galaxy Digital OTC deposited 47,000 HYPE to OKX 4 hours ago, worth 4.06 million USD.

According to Lookonchain monitoring, despite the market decline, whales continue to buy BTC.In the past 4 hours, 9 newly created wallets received a total of 1900 BTC from Galaxy Digital, valued at approximately 148 million dollars based on the price at that time.

According to TheEnergyMag, Galaxy Digital (GLXY) has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish a national trust bank in New York, providing fiduciary investment consulting and digital asset services.This move aims to integrate the company's business under the federal regulatory framework.

Galaxy Research Director Alex Thorn stated that the 13F holdings report for Bitcoin ETFs is still in the early stages, and most large asset management companies and registered investment advisors (RIA) typically submit their filings just before the November 16 deadline.However, some long-term funds have already increased their holdings in Bitcoin ETFs in the third quarter. Wealth management advisory firm SIGFIG Wealth Management submitted its related filing for the first time, indicating that its clients increased their investments in Bitcoin ETFs by approximately $73 million in the third quarter. A significant portion of the assets managed by the firm comes from retail client accounts at banks such as Wells Fargo, Citizens, Santander, and UBS.

Galaxy Digital released its Q3 2026 financial report, with a net profit of $323 million, turning around from a loss of $85 million in the previous quarter. Adjusted EBITDA reached $455 million, total assets increased by 51% quarter-on-quarter to $16.4 billion, and cash, stablecoins, and U.S. Treasury bonds totaled $4.9 billion, nearly doubling quarter-on-quarter.In terms of digital asset business, trading volume increased by 12% quarter-on-quarter, outperforming the overall spot market. The combined scale of asset management and staking grew by 46% quarter-on-quarter to $10.4 billion, and a multi-year cooperation was established with BNY Mellon to provide staking support for its digital asset custody platform.The data center business saw adjusted EBITDA increase nearly fivefold quarter-on-quarter to $69 million, mainly from the first full operational quarter after the delivery of 133 MW computing power from Helios Phase 1 to CoreWeave. Phase 2 has been fully financed and commenced, with the company completing a $3.5 billion senior secured bond issuance, expanding the overall power pipeline to over 5.7 GW, and the data center is expected to start delivering in Q2 2027.In terms of capital operations, the $200 million repurchase plan initiated by the company in February was completed on October 15, with approximately 9.8 million shares repurchased. The board approved a new $200 million repurchase limit on October 26.

According to a report by The Block, Galaxy Research stated that the Bitcoin bear market ended in June, and it is currently an attractive time to buy and hold.The report noted that Bitcoin has closed above the 50-week moving average for five consecutive weeks as of October 18, after being below that average for 44 weeks; the monthly moving volume of Bitcoin in long-term holding wallets has decreased from 67,000 BTC in 2024 to 34,000 BTC in 2026. Galaxy Research Director Alex Thorn also pointed out that if Bitcoin's weekly close falls below the 50-week moving average of $76,540 and fails to recover within a month, this bullish outlook will be challenged.

According to CoinDesk, a snapshot from Galaxy Research in October shows that out of approximately 21 million mined Bitcoins, about 11.1 million (approximately 55%) are held in addresses that cannot be linked to exchanges, funds, governments, or other known entities. Alex Thorn, the head of research at Galaxy, stated that this indicates that despite the increasing institutionalization, a significant amount of Bitcoin may still be self-custodied by individuals. Xapo Bank believes this reflects the fact that retail investors have been in the market for over a decade.However, this portion of unallocated Bitcoin does not all belong to individuals who have been self-custodying for the long term; it may also include coins that are inaccessible due to lost private keys or the death of the holder, holdings from institutions or over-the-counter traders that Galaxy has not yet identified, as well as custodial assets spread across multiple addresses. The remaining 45% has been allocated, including ETFs from issuers like exchanges and BlackRock, as well as the U.S. government; among them, the single largest holder is "Satoshi Nakamoto (Patoshi model)," holding 1,123,658 BTC.

According to Onchain Lens monitoring, Arthur Hayes (0x6cd...7e21) received 49.24 million USDC after recently selling tokens, of which Galaxy Digital recently transferred 23.07 million dollars to him, bringing the total amount of USDC received from the trading department and exchanges to 49.24 million dollars.

Galaxy Research published an analysis stating that over the past three weeks, the Bitcoin network has seen approximately 40 inscriptions composed of random letters each day, which appear to be encrypted text but are not actually cryptographic information. The related address had previously written the U.S. Constitution into the Bitcoin network in May.The research found that after analyzing 562 texts, the frequency of the 26 English letters is almost evenly distributed, which is significantly different from the characteristics of normal English and substitution ciphers; metrics such as word length distribution and frequency of repeated words also indicate that these texts are likely generated by a random letter generator.Galaxy Research refers to the operator as the "Babel Scribe," believing it is more like testing a data publishing tool on the Bitcoin mainnet rather than attempting to convey hidden information. The structure of on-chain transactions, the continuous use of change addresses, and the regularity of publication times all exhibit characteristics of automated scripts. Related activities also include testing texts, random words in different languages, binary data, and the subsequent writing of the U.S. Declaration of Independence.It is estimated that the project has transferred approximately 3.33 million satoshis in total, of which about 24% was used to pay miner fees, while the remaining funds are still held in the related address. Researchers suggest that there is no need to interpret these garbled texts as hidden information.