Sign in Subscribe

Live Feed

Galaxy (GLXY) News: $460M Investment From a 'Large Asset Manager,' Shares Pop 3%

Galaxy Digital announced a $460 million private investment from an unnamed major asset manager to support its data center business and corporate needs. Following this announcement, Galaxy shares rose by 3% in post-market trading. The investment includes new shares as well as shares sold by executives, priced at $36, which is an 8.5% discount compared to the closing price prior to the announcement. This funding will be directed towards enhancing the Helios data center, projected to deliver 133 megawatts of critical IT load by mid-2026. The firm has shifted from traditional bitcoin mining to focus on high-performance computing (HPC) and artificial intelligence (AI) solutions, reflecting a strategic pivot that has been positively received by market analysts. The deal is expected to finalize around October 17, pending regulatory approvals from the Toronto Stock Exchange.

Source 🔗

Read next

XRP Price News: Ripple Plunges 40% Before Recovering to $2.20

XRP experienced a sharp decline of up to 42%, marking its largest one-day drop in recent years. The cryptocurrency fell from $2.82 to a low of $1.64 before recovering slightly to around $2.36. This selloff was attributed to significant liquidations and a $150 million decrease in institutional

How to Use AI to Spot Whale Wallet Moves Before the Crowd

Artificial intelligence (AI) can transform how traders identify big transactions in cryptocurrency, particularly those made by whales. AI can analyze large on-chain data sets quickly, flagging high-value transactions and enabling real-time monitoring through blockchain APIs. This allows traders to set parameters for alerts on significant movements, creating a personalized feed

Crypto sentiment flips to ‘Fear’ as Bitcoin plunges after Trump’s tariffs

Crypto market sentiment has sharply declined to a level of 27, categorizing it as ‘Fear,’ following US President Donald Trump’s announcement of a 100% tariff on imports from China. This drop represents a significant 37-point fall from the previous day’s ‘Greed’ score of 64. Bitcoin briefly fell to