Galaxy Digital, the prominent digital asset management and infrastructure firm, is making a strategic push into the Middle East by establishing a new office and registered entity in Abu Dhabi. The move, formally registered under the Abu Dhabi Global Market (ADGM), underscores the region’s accelerating transformation into a global hub for digital finance and sophisticated investment. This expansion positions Galaxy to deepen existing partnerships and capture new opportunities in a market its leadership describes as both influential and rapidly growing.
about Galaxy Expands to Abu Dhabi, Targets Middle East Digital Assets HubMike Novogratz
1 posts last weekNovogratz: Crypto Crash Wiped Out 30% of Market Makers
The October cryptocurrency crash represented far more than a typical market correction, systematically eliminating approximately 30% of market makers across key platforms and exposing critical vulnerabilities in crypto’s leverage-dependent ecosystem. Galaxy Digital CEO Mike Novogratz revealed in a recent interview that what began as a technical glitch at Binance cascaded into a systemic event that devastated liquidity providers and retail traders alike. Despite recent Federal Reserve-driven rebounds, the damage to market psychology and structure suggests a painful recovery lies ahead as the industry transitions from speculative narrative to fundamental business reality.
about Novogratz: Crypto Crash Wiped Out 30% of Market MakersPrivate Key Theft Now Industrialized Business: GK8 Report
Private key theft has evolved from isolated hacker attacks into a fully industrialized business operation, according to a new report from Galaxy Digital subsidiary GK8. The crypto custody specialist warns that automated tools now enable systematic targeting of users’ seed phrases and private keys, representing a significant escalation in crypto security threats that demands immediate attention from investors and institutions alike.
about Private Key Theft Now Industrialized Business: GK8 ReportBitcoin 2025 Target Cut to $120K Amid Market Turmoil
Galaxy Research has dramatically lowered its Bitcoin price projection for 2025 from $185,000 to $120,000 following October’s severe market crash that triggered cascading liquidations across leveraged positions. The downward revision comes as 72 of the top 100 cryptocurrencies trade at least 50% below their all-time highs, reflecting broader market weakness compounded by whale distribution and rotation into competing narratives. Despite the challenging environment, analysts view the current phase as a necessary market reset rather than a cycle top, with Bitcoin entering what Galaxy describes as a ‘maturity era’ characterized by institutional absorption and passive flows.
about Bitcoin 2025 Target Cut to $120K Amid Market TurmoilEthereum Sentiment Flip: Bullish FOMO Could Stall Rally
Ethereum traders have rapidly shifted from extreme bearishness to bullish FOMO as ETH approached $3,500, but analysts warn this sentiment reversal could actually stall further price gains. Market data suggests crowd euphoria often precedes price corrections, creating a potential red flag for the recent rally. Several prominent traders and analysts are expressing caution despite the apparent recovery.
about Ethereum Sentiment Flip: Bullish FOMO Could Stall RallyGalaxy Digital Bitcoin Outflows Spark Market Debate
Galaxy Digital has transferred over 1,531 BTC from its wallets, triggering fresh debate about whether major players are selling or simply executing client orders. The movement comes as Bitcoin trades around $110,000, a critical level watched by traders. Market sentiment remains divided between those seeing selling pressure and others pointing to growing institutional interest.
about Galaxy Digital Bitcoin Outflows Spark Market DebateDraftKings Buys Railbird, Canaan Soars, Zelle Adopts Stablecoins
This week’s financial markets witnessed significant convergence between traditional finance and digital assets, with DraftKings making a strategic prediction market acquisition, Bitcoin miner Canaan staging a dramatic recovery from near-delisting, and banking consortium Zelle embracing stablecoins for cross-border payments. These developments signal growing institutional adoption of crypto technologies while highlighting the regulatory navigation required in this evolving landscape.
about DraftKings Buys Railbird, Canaan Soars, Zelle Adopts StablecoinsNovogratz: Bitcoin $250K Unlikely Without Major Catalysts
Galaxy Digital CEO Mike Novogratz has tempered expectations for Bitcoin reaching $250,000 by year-end, calling such a move highly improbable under normal market conditions. Instead, he suggests a more realistic range of $100,000 to $125,000 unless extraordinary catalysts emerge. The crypto veteran’s caution is supported by on-chain data showing current market consolidation and profit-taking behavior among long-term holders.
about Novogratz: Bitcoin $250K Unlikely Without Major CatalystsNovogratz Doubts Bitcoin’s $250K Year-End Target
Galaxy Digital CEO Mike Novogratz has expressed skepticism about Bitcoin reaching $250,000 by year-end, despite growing optimism from other crypto executives. The prominent investor believes the planets would need to align for such a dramatic price surge in just two and a half months. His comments come as several industry leaders reaffirm their bullish $250,000 forecasts, creating a clear divergence in market expectations as 2024 approaches its conclusion.
about Novogratz Doubts Bitcoin's $250K Year-End TargetCrypto Execs Meet Senate Amid Market Structure Bill Divide
Top cryptocurrency executives from Coinbase, Galaxy, and other leading firms met with Senate Democrats and Republicans this week, revealing deep partisan divisions over market structure legislation. The separate meetings exposed Democratic frustration over leaked proposals and Republican concerns about collapsing timelines, while a government shutdown threatens to derail negotiations entirely.
about Crypto Execs Meet Senate Amid Market Structure Bill Divide