News

• Jefferies has initiated coverage on Galaxy Digital (TSX: GLXY ) with a Buy rating and a $35 price target. Galaxy operates across digital asset trading, asset management, and infrastructure. While initially focused on Bitcoin mining, the company has shifted toward AI data center development.

  July 24, 2025

• The world’s largest cryptocurrency last traded 1% lower at $117,900.0 as of 10:10 ET. Bitcoin remained rangebound after surging to a record above $123,000 last week. Gains were tempered as investors digested recent regulatory and macroeconomic developments.

  July 23, 2025

• Matador Technologies Inc. (MATA) announced it has entered into a secured convertible note facility agreement with ATW Partners for up to $100 million to purchase bitcoin for its treasury. The company aims to become a top 20 global corporate bitcoin holder and eventually hold 1% of bitcoin’s supply.

  July 23, 2025

• The next halving, expected around April 2028 at block 1,050,000, will cut Bitcoin’s emission rate to 1.5625 BTC per block. Historically, each halving has preceded a cycle peak by roughly 12 to 18 months. Post-2028 halving could set stage for Bitcoin’s potential million-dollar value.

  July 23, 2025

• BlackRock’s ETHA product led the surge, capturing $426.2 million on Tuesday and managing $9.26 billion in AUM. The inflow pace follows an earlier single-day record of $726.7 million logged on July 16.

  July 23, 2025

• Arthur Hayes, Chief Investment Officer at Maelstrom and former BitMEX CEO, has shared a highly optimistic outlook for ETH. He predicts that the digital asset could reach a new all-timehigh of $10,000by the end of the year. Hayes also argued thatCryptoPunksNFTs could outperform ETH in terms of dollar value.

  July 23, 2025

• The US Securities and Exchange Commission (SEC) has issued a stayorderonBitwise’s bid to convert its over-the-counter (OTC) crypto index fund into a spot exchange-traded fund (ETF) The decision came just hours after the SEC’‘s Division of Trading and Markets granted accelerated approval for the application on July 22. Legal experts debate whether the SEC’s tactical delays in ETF approvals point to regulatory overreach.

  July 23, 2025

• Four publicly listed companies recently added 113,300 ETH to their holdings. The number of entities jumped from 40 in June to 58 as of July 22. Out of the 58 entities holding ETH, the 10 public-listed companies have roughly $3.2 billion.

  July 23, 2025

• Polymarket is considering launching its own stablecoin to gain control over interest-bearing reserves. The deliberations reflect a broader industry trend as platforms seek to internalize stablecoin-related revenue. The U.S. regulatory environment for stablecoins improved last week.

  July 22, 2025

• Cboe submitted amendments for five crypto-related exchange-traded funds (ETFs) that would allow authorized participants to create and redeem shares in-kind. In-kind redemptions enable investors to exchange Bitcoin (BTC) or ETH for the underlying assets, rather than cash.

  July 22, 2025