Galaxy

In Galaxy Research’s latest newsletter: 1️⃣ Bull Market in Limbo Bitcoin fell below $100k for the first time since June as macro pressures mounted. Galaxy Research cut its year-end BTC target to $120k, calling this new phase the “maturity era” — defined by institutional absorption and lower volatility. 2️⃣ Balancer v2 Exploit Balancer v2 and its forks were hit by a $125M exploit — among the largest in DeFi — exposing hidden flaws in long-standing code and reigniting debate over decentralization and governance. 3️⃣ Monad Shorts Wiped Out Ahead of Monad’s mainnet, traders shorting pre-launch perps were liquidated in a sharp squeeze — a reminder that in illiquid pre-token markets, “risk-free” hedges rarely are. Read the full breakdown ⤵️

A regulatory reset is underway. Under President Trump, the U.S. has moved from “regulation by enforcement” toward a coordinated framework supporting digital asset innovation. Recent executive actions, agency reforms, and bipartisan legislation are advancing clarity, enabling banks, investors, and institutions to engage confidently with digital assets. The Investable Universe 2.0 explores how pro-crypto policies are reshaping market structure, custody, and institutional participation. Explore the report: https://lnkd.in/eFr2Xmp8 

Tokenization is reshaping capital markets—bringing real-world assets onchain and transforming how value moves globally. After stablecoins proved product-market fit, demand for tokenized money market funds and onchain debt has accelerated. Nearly $30B in tokenized assets exist today, with projections reaching $3.8T by 2030 under accelerated adoption scenarios. Explore how tokenization is redefining market infrastructure in The Investable Universe 2.0. Read the report: https://lnkd.in/eFr2Xmp8 

We’re back with Episode 5 of Galaxy Grid — a weekly video series from Galaxy Research. Featuring Alex Thorn, Jianing Wu, Lucas Tcheyan, and Zack Pokorny, the series brings together Galaxy’s Research team in a roundtable format to share their perspectives and debate the biggest stories in crypto, markets, and policy. In this week’s episode, the team marks the 17th anniversary of the Bitcoin whitepaper, examines the launch of new altcoin ETFs — including Solana’s first spot ETF with staking — and explores how Western Union’s stablecoin launch and Coinbase’s X402 protocol signal the next phase of digital payments. 🎥 Watch Episode 5 of Galaxy Grid on YouTube: https://lnkd.in/gj4-5FqH

From digital assets to AI infrastructure, Galaxy seeks to accelerate progress — shaping how institutions access, invest, and grow in a new era of technology. Progress is here. Be relentless. 🎥 Watch: www.galaxy.com/progress

In the latest episode of Galaxy Brains, Alex Thorn talked with Anthony Scaramucci, Founder of SkyBridge Capital and the SALT Conference, about the structural challenges facing the U.S. economy and how Bitcoin and digital assets could help address them. They discuss Scaramucci’s perspective on fiscal policy, inequality, and American competitiveness, as well as his experience in the Trump White House, his relationship with Sam Bankman-Fried (SBF), and his time on the television show Special Forces. Plus, Beimnet Abebe (Galaxy Trading) joins to analyze the Federal Reserve’s current stance, inflation trends, and whether markets are entering a fragile moment. Check it out 🎧 YouTube: https://lnkd.in/eZMGHUf9  Spotify: https://lnkd.in/eesnw5X7 Apple Podcasts: https://lnkd.in/ebVeqZDn 

In Galaxy Research’s latest newsletter: 1️⃣ Bitcoin Turns 17 Seventeen years after Satoshi’s white paper, Bitcoin has evolved from a cypherpunk experiment into a global financial asset—sparking reflection on how much of its original ethos endures. 2️⃣ Altcoin ETFs Arrive New spot ETFs for Solana, Hedera, and Litecoin mark the first wave beyond Bitcoin and Ethereum, signaling rising institutional interest and intensifying competition among issuers. 3️⃣ Programmable Money Rises Western Union’s Solana-based stablecoin and surging activity on Coinbase’s x402 protocol highlight how stablecoins and AI-driven payments are transforming digital finance. Read the full breakdown ⤵️

After a year of rapid evolution, Solana has transitioned from rebound to reinvention, proving that high-performance blockchains can operate with real-world reliability and scale. Key Progress Points: ▪️ Resilience: Technical upgrades push Solana toward sub-second finality and multi-client robustness. ▪️ Integration: New systems align the network’s architecture with modern market microstructure. ▪️ Adoption: Institutional products, digital asset treasury companies, and tokenized equities are expanding Solana’s role in real-world finance. Solana is positioning itself as a foundation for Internet Capital Markets, where market infrastructure runs onchain and institutional-quality performance meets open network design. 📖 Read our new Galaxy Research report, “Solana’s Next Chapter: Laying the Foundation of Internet Capital Markets,” written by Lucas Tcheyan: https://lnkd.in/esezFhbE

Stablecoins have evolved from a crypto experiment into essential financial infrastructure—delivering stability, liquidity, and yield across payments, trading, and institutional markets. Today, they anchor the flow of capital in digital finance: ▪️ $275B total supply ▪️ $61.7T transaction volume since inception Explore how stablecoins are driving adoption in our latest report: https://lnkd.in/eFr2Xmp8