Company Overview - Formula Growth, based in Montreal, has established a new position in Galaxy Digital (NASDAQ:GLXY) by acquiring 139,195 shares valued at approximately $4.71 million, representing about 1.67% of the fund's total U.S. equity assets of approximately $281.08 million [2][3] - As of the latest market close, Galaxy Digital's share price is $24, with a market capitalization of $9.7 billion, revenue of $23.3 billion, and a net income of -$230.9 million over the trailing twelve months [5] Financial Performance - In the third quarter, Galaxy Digital reported a net income of $505 million and adjusted EBITDA of $629 million, driven by record trading activity and investment gains [12] - The company maintains a liquid balance sheet with $1.9 billion in cash and stablecoins, and total equity of $3.2 billion at the end of the quarter [12] Business Model and Services - Galaxy Digital offers a range of services including digital asset trading, derivatives, structured products, lending, capital markets, M&A advisory, asset management, bitcoin mining, and validator services [9][10] - The company serves institutional investors, corporations, and individuals seeking exposure to digital asset markets and blockchain technology solutions, leveraging a diversified platform across trading, asset management, and infrastructure solutions [10] Market Position and Strategy - Despite a nearly 40% drop in shares since late October due to a $1 billion exchangeable notes offering, Galaxy Digital's diversified exposure to trading, asset management, and AI-linked infrastructure is viewed as a long-term strategic advantage [11][13] - The Helios data center project is fully funded, with anticipated annual revenue of up to $1 billion once all phases are delivered, indicating strong future growth potential [12]

RT CoinDesk Podcast Network (@CoinDeskPodcast)🧠 The #1 challenge of the AI era is trust. How do you know what's real?@yorkerhodes Co-Founder, Blockchain at @Microsoft joins us this week on #GenC to discuss why digital provenance and verifiable data is essential to save the internet from synthetic media. https://t.co/HZ0eTVx3ij ...

Publicly traded firms are now stacking Ethereum, pulling in billions of dollars of ETH. These are the largest holders. https://t.co/ZIj41ruIBz ...

RT citizenthree🔺 (@turkcrazy07)After gaining strong momentum in Asia, Avalanche now seems to be turning its focus toward one of traditional finance’s strongest hubs: Abu Dhabi and the wider MENA region.This isn’t a simple regional expansion.It’s part of a much bigger vision.“Abu Dhabi Finance Week was a turning point for Avalanche… we support the region’s ambitions.”That single line says a lot.This isn’t just a tech move , it’s a clear ambition to sit at the center of an economic transformation.Don’t mistak ...

why are tokenized assets so interesting from the underlying chain's perspective?these are multi-trillion dollar marketsif a chain can onboard & make the assets more productive (= cut costs & find new customers for the issuers)it's a win-win for the chain & all the issuers https://t.co/BH4tv0tvml ...

Hundreds of trillions of assets are set to move onchain.What comes next: https://t.co/zPjghHb6Or https://t.co/ko0elulpYy ...

Nothing beats a handmade gift.With some DIY love, your giftee can look like one of their favorite Avalanche personalities & tell the world about the realest blockchain.Nose strips & markers available at your local drugstore. https://t.co/wogLMG1JgU ...

2026 thesis: perps, privacy, predictionsmy rough prediction for 2025 was that the dopamine receptors of the masses would dry out by year-end and non-speculative regulatory-friendly things would get the spotlightwe are seeing this w the payments chains, stocks, and things like canton nowit seems this largely played out directionally correct and the question remains what happens next?I think a few things will happen:- crypto is made up of the commercial, the casino, and the cypherpunk- the cypherpunk aspect h ...

Core Insights - Wall Street firms, including JPMorgan, BlackRock, and Fidelity, have chosen Ethereum as their preferred blockchain for tokenization, indicating a significant trend in the financial industry [1][2][3]. Group 1: Adoption of Ethereum - JPMorgan's launch of the OnChain Net Yield Fund (MONY) follows BlackRock's USD Institutional Digital Liquidity Fund and Fidelity's Treasury Digital Fund, all utilizing Ethereum for tokenized money market funds (MMFs) [2]. - The largest funds from these firms each manage assets exceeding $1 trillion, contributing to a broader U.S. MMF market valued at over $7.5 trillion [2]. Group 2: Significance of Ethereum - The convergence of major asset management firms on Ethereum highlights its advantages, such as decentralization, a robust developer ecosystem, and regulatory familiarity, as opposed to private blockchains or newer networks [3]. - Ethereum's existing infrastructure supports asset managers in creating compliant and liquid on-chain offerings, reinforcing its position in the tokenization landscape [4]. Group 3: Alternative Blockchain Considerations - Despite Ethereum's dominance, alternative blockchains should not be overlooked; Provenance holds a significant share of the on-chain private credit market, and Polygon has seen substantial corporate bond issuance [5]. - Many companies developing tokenization solutions are adopting a blockchain-agnostic approach, indicating ongoing interest in both public and private networks [6]. Group 4: Future Implications - As tokenization gains traction on Wall Street, the current choices of infrastructure may establish standards for future on-chain markets, with Ethereum leading the way [7]. - JPMorgan's use of Ethereum for MONY contrasts with its deployment of other tokenized assets on its proprietary Kynexis platform, showcasing a diverse strategy in asset tokenization [8].

The Blockchain Association, together with 125 crypto organizations, sent a letter to the U.S. Senate opposing the expansion of stablecoin yield restrictions under the GENIUS Act to the application layer and third-party platforms, arguing that such measures would stifle innovation and favor the banking system. The group said stablecoin reward mechanisms are comparable to credit card cashback programs, and banning yield sharing would weaken the competitiveness of stablecoins. https://t.co/WJEKky0HlC ...