In a recent interview, billionaire investor Mike Novogratz predicts Bitcoin (BTC) could reach $1 million due to two major factors: increasing adoption by financial institutions and a deteriorating macro backdrop marked by excessive government spending. Novogratz points to BlackRock and Invesco’s engagement as signs of institutional adoption, while younger generations’ preference for digital assets over gold could further drive demand. With gold valued at $20 trillion and Bitcoin at $2 trillion, he argues BTC has significant upside potential as wealth transfers from older, gold-favoring generations to crypto-inclined heirs. Bitcoin currently trades at $105,270, down 2.3% in 24 hours.
about Novogratz Predicts $1M Bitcoin: Adoption & Macro TrendsGalaxy Digital
0 posts last weekSolana Rebounds: Golden Cross & ETF Hype Fuel Recovery
Solana (SOL) has rebounded from its June 14 low of $140.21, now trading at $151 amid strengthening technical indicators. A potential golden cross on the MACD and an RSI nearing 50 suggest upward momentum, while Galaxy Digital’s $101M SOL staking highlights institutional confidence. The Solana ETF race is heating up, with CoinShares joining seven other firms in filing applications—analysts now estimate a 90% approval chance. If buying pressure holds, SOL could test resistance at $157.92, with $165.12 as the next target. However, a drop below support at $142.59 remains a risk if demand falters.
about Solana Rebounds: Golden Cross & ETF Hype Fuel RecoveryNovogratz Predicts $1M Bitcoin as Institutional Adoption Grows
In a CNBC interview, Galaxy Digital CEO Mike Novogratz outlined a bullish case for Bitcoin, predicting it could reach $1 million as institutional adoption reaches ‘maximum speed.’ He emphasized Bitcoin’s evolution into an ‘institutionalized macro asset’ akin to gold, citing growing interest from treasury companies, sovereign wealth funds, and retail investors. Novogratz noted that BlackRock’s endorsement marked a tipping point, with the asset now gaining momentum as a preferred store of value for younger generations. With Bitcoin’s market cap still far below gold’s, he sees potential for a 10x surge. At press time, BTC traded at $105,662. Novogratz also expects gold to rise from $3,000 to $10,000, further validating crypto’s macroeconomic role.
about Novogratz Predicts $1M Bitcoin as Institutional Adoption GrowsInvesco & Galaxy File Solana ETF Amid SEC Scrutiny
Invesco and Galaxy Digital have registered the Invesco Galaxy Solana ETF as a Delaware Statutory Trust, marking a significant step in the ETF approval process. The SEC has asked issuers to amend S-1 filings, focusing on in-kind redemptions and staking mechanisms—a notable shift in regulatory stance. While no green light has been given yet, the move reflects growing institutional interest in Solana, further bolstered by its partnership with R3 for real-world asset tokenization. SOL’s price rose 1.92% to $146.80 amid the news, with a market cap exceeding $75 million. The ETF could simplify institutional exposure to Solana, mirroring the convenience of traditional stock investments.
about Invesco & Galaxy File Solana ETF Amid SEC ScrutinyInvesco & Galaxy File for Solana ETF in US Market
Invesco and Galaxy Digital have taken a significant step toward launching a Solana ETF in the U.S. by registering the ‘Invesco Galaxy Solana ETF’ trust in Delaware. This follows a trend where firms establish legal structures before SEC filings. Market sentiment is optimistic, with a 91% prediction of approval by 2025, and reports suggest the SEC may greenlight Solana ETFs as early as July. The regulator has requested updated S-1 filings, indicating active discussions, including potential staking features to boost returns. However, demand may not match Bitcoin ETFs, as analyst Eric Balchunas notes diminishing interest further from BTC. The ETF would provide indirect Solana exposure through a regulated vehicle.
about Invesco & Galaxy File for Solana ETF in US MarketBitcoin Could Hit $1M as Institutions Pile In: Novogratz
Mike Novogratz, CEO of Galaxy Digital, believes Bitcoin could reach $1 million per coin if institutional inflows persist. Bitcoin recently peaked at $110,290 before a slight pullback, but demand remains strong, fueled by BlackRock’s SEC-approved iShares Bitcoin Trust (IBIT) and corporate purchases from firms like Metaplanet and GameStop. Novogratz compares Bitcoin’s 21 million supply cap to gold’s $12 trillion market, suggesting younger investors may favor the digital asset. However, regulatory uncertainty and Bitcoin’s volatility pose challenges. Despite risks, Novogratz sees Bitcoin eventually rivaling gold’s market cap as adoption grows.
about Bitcoin Could Hit $1M as Institutions Pile In: NovogratzBitcoin Drops, Gold Rises Amid Middle East Tensions
Bitcoin fell 3.6% to $103,900 as Israel’s airstrikes on Iranian nuclear facilities triggered market instability, while gold jumped to $3,427.90 per ounce, reinforcing its status as a traditional safe haven. Analysts noted Bitcoin’s divergence from gold, aligning instead with risk assets like tech stocks. Over $1 billion in crypto liquidations occurred, mostly in long positions, as investors fled to safer assets like gold, the U.S. dollar, and government bonds. Experts suggest Bitcoin’s leverage-prone investor base and institutional demand may shape its future as a macro asset, but for now, geopolitical risks weigh heavily.
about Bitcoin Drops, Gold Rises Amid Middle East TensionsDTCC Explores USD Stablecoin for Faster Settlements
The DTCC, a key player in US financial markets, is considering launching a USD stablecoin to streamline cross-market settlements using blockchain technology. While still in the exploratory phase, the stablecoin could integrate with DTCC’s existing Project Ion, a distributed ledger system handling over a million daily transactions. Regulatory approval remains a hurdle, but if successful, the initiative could shift stock settlements from T+1 to real-time (T+0). Meanwhile, global competitors like Ant International and Galaxy Digital are advancing their own stablecoin strategies, highlighting the growing race for digital settlement solutions. The DTCC’s plans hinge on US regulatory developments, which could shape the future of institutional stablecoins.
about DTCC Explores USD Stablecoin for Faster SettlementsSharpLink Shares Drop 70% After Ethereum Treasury Plan
SharpLink Gaming experienced a dramatic 70% drop in its stock price during after-hours trading after filing an S-3 shelf prospectus with the SEC, sparking concerns over potential share sales. The company had previously announced a $425 million PIPE offering to create an Ethereum treasury, a move that initially boosted its stock by over 400%. Ethereum co-founder Joseph Lubin clarified that the filing was a standard post-PIPE procedure and not indicative of actual sales. SharpLink’s strategy aligns with a growing trend of public companies establishing crypto-focused treasuries, inspired by firms like MicroStrategy. Despite the sell-off, SharpLink’s ties to Consensys and other major crypto investors highlight its ambitious pivot toward digital assets.
about SharpLink Shares Drop 70% After Ethereum Treasury PlanEthereum Foundation’s Leadership Shake-Up Sparks Concerns
Christine Kim, ex-VP of Research at Galaxy Digital, has criticized the Ethereum Foundation’s (EF) new leadership structure, pointing to unclear role distributions and a confusing organizational chart. Key figures like Tim Beiko, Barnabé Monnot, and Alex Stokes are handling multiple responsibilities, including research, development, and scaling efforts. The EF’s color-coded chart has drawn scrutiny for its ambiguous groupings, prompting Monnot to acknowledge its complexity. The restructuring follows ongoing criticism of EF’s management, including recent layoffs and the renaming of departments. While some, like co-Executive Director Hsiao-Wei Wang, support the changes, others, such as Multicoin Capital’s Kyle Samani, warn of potential conflicts. The shake-up coincides with security concerns tied to Ethereum’s Pectra upgrade, including phishing attacks exploiting EIP-7702.
about Ethereum Foundation's Leadership Shake-Up Sparks ConcernsMercurity Plans $800M Bitcoin Treasury, Joins Top Holders
Mercurity Fintech Holding, a Nasdaq-listed digital fintech group, has announced plans to raise $800 million to create a Bitcoin treasury reserve, which would make it the 11th largest corporate Bitcoin holder, trailing only Galaxy Digital. The reserve will be integrated into Mercurity’s blockchain-based financial infrastructure, featuring custody, staking, and tokenized treasury management services. Additionally, the company intends to transition part of its treasury into a yield-generating, blockchain-aligned structure to enhance long-term asset exposure and balance sheet resilience. This move reflects the broader trend of corporations embracing Bitcoin as a strategic reserve asset.
about Mercurity Plans $800M Bitcoin Treasury, Joins Top HoldersCrypto Lending Risks Rise as CeFi and DeFi Interconnect
Galaxy Digital’s research highlights growing systemic risks in crypto lending due to interconnected CeFi and DeFi borrowing. As of March 31, over $39 billion in crypto-collateralized debt was outstanding, split between DeFi (45.3%), CeFi (34.6%), and stablecoin issuers (20.1%). Centralized desks often borrow from DeFi, creating duplicated debt obligations that inflate borrowing figures and obscure real-time risks. Sharp price declines trigger cascading liquidations across platforms, exacerbating volatility for assets like BTC and ETH. Meanwhile, corporate treasuries have added $12.7 billion in crypto-backed debt, with refinancing risks looming by 2027–2028. OTC stablecoin loans tied to DeFi rates further link private and on-chain credit markets. Galaxy warns that without standardized disclosures, regulators and participants lack visibility into embedded risks.
about Crypto Lending Risks Rise as CeFi and DeFi Interconnect