Company Overview - SPACSphere Acquisition Corp. is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities [2] - The company may pursue acquisition opportunities across various industries but will focus on sectors where it has core competencies, such as digital assets, technology, and healthcare [2] Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit, with trading expected to begin on February 6, 2026, under the ticker symbol "SSACU" [1] - Each unit consists of one Class A ordinary share, one-half of one redeemable warrant, and one right to receive one-fifth of one Class A ordinary share upon the consummation of an initial business combination [1] - The offering includes a 45-day option for underwriters to purchase up to an additional 2,250,000 units to cover over-allotments [4] - The offering is expected to close on February 9, 2026, subject to customary closing conditions [4] Management Team - The management team is led by Bala Padmakumar as Chief Executive Officer and Chairman, and Soumen Das as Chief Financial Officer and Director [3] - The Board includes Kathleen Cuocolo, Magnus Ryde, and Mark Platshon [3] - Norton Rose Fulbright US LLP serves as legal advisor to the company, while D. Boral Capital LLC acts as the sole book-running manager for the offering [3]

Tian Ruixiang Holdings Ltd (NASDAQ:TIRX) stock rose Tuesday after the company unveiled a sweeping strategic partnership in digital assets.The company said it reached a definitive agreement with a global digital asset investor to deepen its presence in AI and cryptocurrency.Under the agreement, the strategic investor will contribute 15,000 Bitcoins (CRYPTO: BTC/USD) to TIRX. The investor will receive a sizable equity position in exchange for the digital asset infusion.TIRX said the transaction significantly ...

Galaxy Digital (NasdaqGS:GLXY) Q4 2025 Earnings call February 03, 2026 08:30 AM ET Company ParticipantsChristopher C. Ferraro - President and Chief Investment OfficerDevin Ryan - Head of Financial Technology ResearchGarrett Roberts - Managing Director- Head of Financing SalesGreg Lewis - Managing DirectorJames Faucette - Managing DirectorJames Yaro - Managing Director, Equity ResearchJoe Vafi - Managing Director, Equity ResearchJonathan Goldowsky - Head of Investor RelationsMartin Toner - Managing Director, ...

Investor.galaxy.com Q4 · 25 As of December 31, 2025 1 GALAXY 2 GALAXY Disclaimer This document, and the information contained herein, has been provided to you by Galaxy Digital Inc. and its affiliates ("Galaxy Digital" or "Galaxy") solely for informational purposes. This document may not be reproduced or redistributed in whole or in part, in any format, without the express written approval of Galaxy Digital. Neither the information, nor any opinion contained in this document, constitutes an offer to buy or ...

Core Viewpoint - Sharplink, Inc. has officially changed its corporate name from SharpLink Gaming, Inc. to reflect its strategic evolution and focus on Ethereum adoption [1][2]. Company Overview - Sharplink, Inc. is one of the largest publicly traded companies holding Ether (ETH) as its primary treasury reserve asset, aligning with the future of digital capital and providing investors with direct exposure to Ethereum [3]. Name Change Details - The name change was executed through an amendment to the Company's Amended and Restated Certificate of Incorporation, filed with the Secretary of State of Delaware, and does not affect its business operations, capitalization, board of directors, or executive leadership [2].

Core Insights - Galaxy Digital Inc. reported a net loss of $241 million for the full year 2025, with a diluted EPS of $(0.61), primarily due to lower digital asset prices and one-time costs of approximately $160 million [1][2][3] - The company achieved a total equity of $3.0 billion and cash and stablecoin holdings of $2.6 billion as of December 31, 2025, reflecting a 38% year-over-year increase in equity [1][3] - Galaxy's Asset Management business saw $2.0 billion in net inflows, representing 34% organic growth, with total assets on the platform ending the year at $12 billion [1][2] Financial Highlights - For Q4 2025, Galaxy reported a net loss of $482 million, with a diluted EPS of $(1.08), driven by a 24% decrease in total crypto market capitalization [1][2] - The full year 2025 adjusted gross profit was $426 million, while adjusted EBITDA was $34 million [1][2] - Total assets decreased by 2% quarter-over-quarter to $11.35 billion, while total equity decreased by 4% to $3.04 billion [1][2] Segment Performance - Digital Assets segment generated an adjusted gross profit of $51 million in Q4 2025, down 84% from the previous quarter, with adjusted EBITDA of $(29) million [2][3] - Global Markets reported an adjusted gross profit of $30 million in Q4 2025, with a marginal increase in average loan book size to $1.8 billion [2][3] - Asset Management & Infrastructure Solutions generated $21 million of adjusted gross profit in Q4 2025, with $6.4 billion in assets under management [2][3] Corporate Developments - Galaxy completed the acquisition of Alluvial Finance, enhancing its staking platform and positioning itself as a leader in liquid staking protocols [1][2] - The company raised $325 million in equity capital and $1.3 billion through an exchangeable senior notes offering to fund growth initiatives [1][2] - The Helios Data Center campus received ERCOT approval for an additional 830 MW of power capacity, doubling its total approved capacity to over 1.6 gigawatts [1][3]

Core Viewpoint - A surge in gold prices is increasing demand for tokenized gold, a rapidly growing segment of the digital asset market, which presents custody and regulatory risks that are not always addressed [1] Group 1: Market Trends - The rising price of gold is driving interest in tokenized gold, indicating a shift in investment strategies towards digital assets [1] - Tokenized gold is becoming a popular alternative for investors seeking exposure to gold without the need for physical storage [1] Group 2: Risks and Challenges - Experts warn that tokenized gold carries custody risks, which may affect the security of investments [1] - Regulatory risks associated with tokenized gold are also highlighted, suggesting that the market may face scrutiny from financial authorities [1]

Core Insights - Crypto investment products experienced their largest weekly outflows since mid-November 2025, totaling $1.73 billion [1][7] - The sell-off was primarily driven by diminishing expectations of interest rate cuts, ongoing negative price momentum, and investor frustration regarding the lack of benefits from broader market debasement narratives [1] Market Sentiment - The CoinShares report indicated a deepening bearish sentiment in the crypto market, reflecting a broader downturn across precious metals, equities, and commodities [2] - This bearish sentiment has persisted since the market crash on October 10, 2025, following a historical pattern where selling pressure continues despite occasional rebounds [2] Regional Divergence - There were signs of regional divergence, with some investors in Europe and Canada viewing price weakness as a buying opportunity, resulting in modest inflows despite a generally risk-averse global sentiment [3] - The U.S. market saw the most significant outflows, accounting for nearly $1.8 billion of the total, indicating it as the epicenter of bearish sentiment influenced by domestic macroeconomic data and regulatory uncertainty [6] Asset-Specific Trends - Bitcoin (BTC) faced the largest outflows since mid-November 2025, with $1.09 billion exiting investment products, while short-Bitcoin products saw small inflows of $0.5 million, indicating some investors are preparing for further declines [3] - Ethereum (ETH) also experienced significant outflows of $630 million, reflecting ongoing bearish sentiment [4] - XRP products recorded $18.2 million in outflows amid regulatory and market uncertainties [4] - In contrast, Solana attracted $17.1 million in inflows, likely due to ecosystem growth and sustained interest in DeFi and NFT activities [4] - Other altcoins like BNB and Chainlink saw small inflows of $4.6 million and $3.8 million respectively, indicating isolated pockets of optimism within a generally pressured altcoin market [5]

While the leading cryptocurrencies like Bitcoin and Ethereum brought increased selling pressure to the market, tokens like Stable (STABLE), MYX Finance (MYX) and MemeCore (M) have been recording gains. The CMC20 Index, which tracks the price movements of the top 20 digital assets, dropped by 4% in 24 hours to $156. This index suggests strong selling pressure at this point as Bitcoin fell below $75,000 early on Feb. 2. STABLE gained 17% over the past 24 hours and is trading at $0.026, leading the top 10 ...

Investor sentiment toward digital assets has taken a decisive turn lower, with crypto funds recording $1.7 billion in weekly outflows last week. It marks a second consecutive week of withdrawals and reversing year-to-date inflows into a net $1 billion outflow. Investors Turn Defensive as Short Bitcoin and Tokenized Metals Attract Capital After $1.73 billion outflows from crypto funds the week ending January 23, digital asset investment products lost $1.69 billion last week. The latest pullback has also a ...