Bitcoin treasury companies have mushroomed over the years and no serious discussion on digital assets can escape the topic. During a recent conversation with TheStreet Roundtable and The Wolf of All Streets host Scott Melker, Galaxy Digital's retail trading venture Galaxy One's managing director, Zac Prince, dissected one of crypto’s latest trends, the rise and fall of Bitcoin Treasury companies. These are firms that raise capital to hold Bitcoin on their balance sheets, promising to outperform the asset ...

Galaxy Digital shares fell on Tuesday after the institutional crypto firm reported a fourth-quarter loss of $482 million, stemming from a 22% decrease in the value of its investment portfolio. The company, which listed its shares on the Nasdaq in May, saw the value of its digital assets and investments decline $449 million in the quarter ended Dec. 31, according to a press release. Although the value of Galaxy’s portfolio fell to $1.7 billion, it still held $2.6 billion in cash and stablecoins. At the end ...

Tokenization-focused startup Superstate has raised $82.5 million in a Series B funding round, the company announced Thursday, underscoring the growing popularity of bringing traditional Wall Street assets on-chain. The round was led by Bain Capital’s crypto division and Distributed Global. The funds of numerous prominent crypto investors also participated, including Katie Haun’s Haun Ventures and Mike Novogratz’s Galaxy Digital. Superstate builds infrastructure that moves traditional assets, like stocks an ...

Cork Protocol, a decentralized programmable risk layer, has raised $5.5 million in a successful seed round led by a16z’s CSX startup fund and Road Capital. The funding round drew participation from a slew of noteworthy VC and crypto investment groups including 432 Ventures, BitGo Ventures, Cooley, DEPO Ventures, Funfair Ventures, G20 Group, Gate Labs, Hyperithm, IDEO Ventures, PEER VC, Stake Capital, and WAGMI Ventures. According to a Jan. 21 press release, funds are earmarked to support the protocol’s ...

I covered Galaxy Digital Inc. ( GLXY ) three times last year, though just twice under said ticker thanks to their Nasdaq listing on May 16, 2025.Hi! I'm a passionate investor who has been researching publically traded companies for over 6 years. My primary focus is on identifying great businesses at reasonable prices and holding them for the long term but I also dive into trend following strategies from time to time. While I have a slight bias toward technology companies, I maintain a broad perspective, inc ...

Core Viewpoint - Galaxy Digital's head of firmwide research, Alex Thorn, indicates that 2026 may present significant forecasting challenges for bitcoin, despite a bullish long-term outlook from the firm [1][2]. Market Conditions - The broader crypto market is currently in a bear phase, with bitcoin struggling to regain sustained bullish momentum. A decisive trading range above $100,000 to $105,000 is necessary to mitigate downside risks [3]. - Bitcoin options pricing reflects uncertainty, with traders assigning similar probabilities to prices near $70,000 or $130,000 by mid-2026, and near $50,000 or $250,000 by year-end [4][5]. Structural Changes - There are signs of structural maturity in the bitcoin market, as long-term volatility has been declining. This change is attributed to the rise of institutional strategies like options overwriting and yield-generation programs, which help stabilize extreme price fluctuations [6]. - The volatility smile of bitcoin options indicates that downside protection is now more expensive than upside exposure, a trend typically seen in mature macro assets rather than high-growth markets [7]. Long-term Outlook - Despite the potential for a range-bound or "boring" 2026, this does not undermine the long-term case for bitcoin. Institutional adoption and market maturation are expected to continue, regardless of short-term price movements [8].

Caroline Pham, the acting chair of the Commodity Futures Trading Commission (CFTC) will be joining MoonPay soon. According to MoonPay, she will assume the roles of Chief Legal Officer and Chief Administrative Officer once a new CFTC Chair is confirmed by the Trump administration. Michael Selig Is Expected to Relieve Caroline Pham Caroline Pham was appointed acting chair of the CFTC on January 20, the same day Donald Trump was inaugurated as President. This was after five members of the bloc voted to con ...

Digital Wealth Partners, a Registered Investment Advisory (RIA) that specializes in digital assets, is offering high net worth (HNW) holders of XRP access to an algorithmic trading app to generate growth and cash flow their crypto holdings. A  subsidiary of crypto family office firm Ascension Group, Digital Wealth Partners, enlisted the help of Arch Public, a specialist in crypto-based algorithmic trading, to build the strategy, which operates within tax-advantaged retirement accounts like IRAs. This ar ...

Core Viewpoint - The SEC has closed its investigation into Ondo Finance without recommending any charges, allowing the company to expand its operations in the U.S. as interest in asset tokenization grows [1][2]. Group 1: SEC Investigation Closure - The SEC's investigation into Ondo Finance began in October 2023 to assess compliance with securities laws under former Chair Gary Gensler [2]. - The closure of the investigation reflects a shift in the SEC's enforcement posture under current Chair Paul Atkins, moving towards a more pro-crypto direction [3]. - Ondo Finance is now added to a list of closed cases by the SEC, which includes other notable firms like Coinbase, Ripple, and Kraken [3]. Group 2: Institutional Interest and Market Trends - There is heightened institutional interest in asset tokenization, with the SEC's recent activities indicating a shift in regulatory attitudes towards equity tokenization [4][5]. - Tokenized US Treasuries are emerging as one of the fastest-growing on-chain asset categories, attracting global investor interest [6]. - The SEC's Investor Advisory Committee recently held a panel discussing the modernization of public equity issuance and trading through distributed ledgers, marking a departure from previous enforcement-focused strategies [5]. Group 3: Ondo Finance's Future Plans - The closure of the SEC investigation allows Ondo Finance to proceed with its plans to expand U.S. operations, supported by its acquisition of Oasis Pro, a broker-dealer and ATS operator [7]. - Ondo Finance is set to host its annual Ondo Summit in New York in February, where it will outline new tools and products focused on real-world asset tokenization [7].

Core Viewpoint - Core Foundation has secured an injunction against Maple Finance due to alleged breaches of confidentiality in their partnership regarding the lstBTC token [1][2] Legal Proceedings - The Grand Court of the Cayman Islands has prohibited Maple Finance from launching its own liquid-staking token, syrupBTC, or engaging with CORE tokens until arbitration is resolved [1] - Judge Jalil Asif noted evidence supporting Core's claims that Maple's actions could cause significant commercial damage to Core [2] Partnership and Product Development - Core Foundation and Maple Finance collaborated earlier this year to create lstBTC, a token that allows holders to earn yield on their bitcoin while secured by custodians like BitGo, Copper, and Hex Trust [2] - Core alleges that Maple breached exclusivity obligations and misappropriated Core's intellectual property to develop their own product, accumulating $150 million in client assets through the lstBTC partnership [3] Financial Implications - Core accused Maple of creating risks for lenders by declaring impairments to the value of millions of dollars in BTC deposits [3] - Core expressed confusion regarding Maple's inability to return bitcoin to lenders and questioned their right to declare impairments [4] Maple's Response - Maple Finance denies any wrongdoing and intends to pursue all available remedies to hold Core Foundation accountable for the consequences of their actions [5]