3 months ago
Galaxy Digital Inc. (NASDAQ: $GLXY) has launched a crypto-backed portfolio line of credit on GalaxyOne, giving eligible U.S. clients a way to borrow against Bitcoin (CRYPTO: $BTC), Ethereum (CRYPTO: $ETH) and Solana (CRYPTO: $SOL) without selling their holdings.
The revolving credit line combines eligible BTC ,ETH and SOL under one facility rather than requiring a separate loan for each ****** et. Staked SOL can also be used as collateral without unstaking, allowing clients to continue earning applicable staking rewards while accessing liquidity.
GalaxyOne is offering the product with no origination fee and a variable 8.99% annual percentage rate. Lines begin at a 50% loan-to-value ratio, with interest-only monthly payments and funding typically available instantly in either U.S. dollars or USDC (CRYPTO: $USDC).
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The revolving credit line combines eligible BTC ,ETH and SOL under one facility rather than requiring a separate loan for each ****** et. Staked SOL can also be used as collateral without unstaking, allowing clients to continue earning applicable staking rewards while accessing liquidity.
GalaxyOne is offering the product with no origination fee and a variable 8.99% annual percentage rate. Lines begin at a 50% loan-to-value ratio, with interest-only monthly payments and funding typically available instantly in either U.S. dollars or USDC (CRYPTO: $USDC).
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3 months ago
Bank Leumi ($LUMI), Israel's biggest lender, is partnering with Galaxy Digital (NASDAQ: $GLXY) to offer cryptocurrency trading to its customers.
The crypto trading will be available starting in 2027, making Bank Leumi the first Israeli lender to provide such a service.
Customers of Leumi and its mobile app will be able to buy, hold, and sell Bitcoin (CRYPTO: $BTC), Ethereum (CRYPTO: $ETH), and Solana (CRYPTO: $SOL) through the bank's app.
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The crypto trading will be available starting in 2027, making Bank Leumi the first Israeli lender to provide such a service.
Customers of Leumi and its mobile app will be able to buy, hold, and sell Bitcoin (CRYPTO: $BTC), Ethereum (CRYPTO: $ETH), and Solana (CRYPTO: $SOL) through the bank's app.
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3 months ago
Galaxy Digital's (NASDAQ: $GLXY) stock is down 5% after the crypto firm and artificial intelligence (A.I.) data centre provider issued financial results that disappointed Wall Street.
The company reported an earnings per share (EPS) loss of -$0.09 U.S., which beat consensus forecasts that called for a loss of -$0.28 U.S.
However, revenue in the period totaled $8.56 billion U.S., down 15% sequentially from $10.21 billion U.S. in the year's first quarter and missing Wall Street's forecast.
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The company reported an earnings per share (EPS) loss of -$0.09 U.S., which beat consensus forecasts that called for a loss of -$0.28 U.S.
However, revenue in the period totaled $8.56 billion U.S., down 15% sequentially from $10.21 billion U.S. in the year's first quarter and missing Wall Street's forecast.
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3 months ago
Galaxy Digital's (NASDAQ: $GLXY) stock is down 5% after the crypto firm and artificial intelligence (A.I.) data centre provider issued financial results that disappointed Wall Street.
The company reported an earnings per share (EPS) loss of -$0.09 U.S., which beat consensus forecasts that called for a loss of -$0.28 U.S.
However, revenue in the period totaled $8.56 billion U.S., down 15% sequentially from $10.21 billion U.S. in the year's first quarter and missing Wall Street's forecast.
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The company reported an earnings per share (EPS) loss of -$0.09 U.S., which beat consensus forecasts that called for a loss of -$0.28 U.S.
However, revenue in the period totaled $8.56 billion U.S., down 15% sequentially from $10.21 billion U.S. in the year's first quarter and missing Wall Street's forecast.
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3 months ago
BNY (NYSE: $BNY), the world's largest custodian bank, is partnering with crypto financial services firm Galaxy Digital (NASDAQ: $GLXY) to add staking capabilities to its digital ******* et custody platform.
Under the collaboration, eligible institutional clients will be able to stake digital ******* ets held through BNY's custody platform, allowing them to earn rewards while contributing to the operation and security of proof-of-stake (PoS) blockchain networks. The service remains subject to regulatory review, according to a Tuesday announcement.
Galaxy will provide the staking infrastructure and serve as a design partner. The collaboration is intended to allow institutions to access staking without moving ******* ets to a separate provider.
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Under the collaboration, eligible institutional clients will be able to stake digital ******* ets held through BNY's custody platform, allowing them to earn rewards while contributing to the operation and security of proof-of-stake (PoS) blockchain networks. The service remains subject to regulatory review, according to a Tuesday announcement.
Galaxy will provide the staking infrastructure and serve as a design partner. The collaboration is intended to allow institutions to access staking without moving ******* ets to a separate provider.
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3 months ago
Galaxy Digital's (NASDAQ: $GLXY) stock is down 5% after the crypto firm and artificial intelligence (A.I.) data centre provider issued financial results that disappointed Wall Street.
The company reported an earnings per share (EPS) loss of -$0.09 U.S., which beat consensus forecasts that called for a loss of -$0.28 U.S.
However, revenue in the period totaled $8.56 billion U.S., down 15% sequentially from $10.21 billion U.S. in the year's first quarter and missing Wall Street's forecast.
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The company reported an earnings per share (EPS) loss of -$0.09 U.S., which beat consensus forecasts that called for a loss of -$0.28 U.S.
However, revenue in the period totaled $8.56 billion U.S., down 15% sequentially from $10.21 billion U.S. in the year's first quarter and missing Wall Street's forecast.
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4 months ago
Galaxy Digital (NASDAQ: $GLXY) is planning to sell $3.5 billion U.S. of junk bonds to help fund the expansion of its Helios artificial intelligence (A.I.) data centre located in Texas.
The company plans to use the proceeds from its first junk bond sale to finance growth of the data centre campus located in **** ens County, Texas.
Galaxy Digital is the latest A.I. infrastructure developer to tap the U.S. high-yield debt market to fund A.I. infrastructure projects.
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The company plans to use the proceeds from its first junk bond sale to finance growth of the data centre campus located in **** ens County, Texas.
Galaxy Digital is the latest A.I. infrastructure developer to tap the U.S. high-yield debt market to fund A.I. infrastructure projects.
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4 months ago
Rosenblatt Securities **** yst Chris Brendler thinks the recent selloff in HPC-linked stocks was overdone, nodding his head to two former Bitcoin miners making the pivot into AI Galaxy Digital (NASDAQ: GLXY) and Cipher Digital (NASDAQ: CIFR).
GLXY had fallen 22% over the prior two weeks while CIFR dropped 13%, at time of the notes publication on July 2. As of press time, GLXY and CIFR are down on the day, trading hands at $25.14 and $20.98 respectively.
The selloff intensified after Bloomberg reported on July 1 that Meta Platforms was building a cloud operation aimed at outside customers, with AI compute capacity and models part of the plan. The move raised concern that Meta could become a competitor in the neocloud stack alongside its role as a customer. CoreWeave-linked names bore the brunt of the selling, with CoreWeave itself falling nearly 14% that day.
Brendler dismissed the fear. "We view this reaction as overdone," he wrote, adding that the firm does not view the Meta news "as a negative demand signal." He pointed to Rosenblatt colleague John McPeake's **** sment that the Meta story appeared company-specific, driven by the social media giant's need to justify large capital expenditure, with no indication of a shift in contracted demand.
AI and Bitcoin's daily show: Subscribe to the Blockspace Podcast here, on Apple, Spotify, or anywhere you listen to podcasts.
GLXY had fallen 22% over the prior two weeks while CIFR dropped 13%, at time of the notes publication on July 2. As of press time, GLXY and CIFR are down on the day, trading hands at $25.14 and $20.98 respectively.
The selloff intensified after Bloomberg reported on July 1 that Meta Platforms was building a cloud operation aimed at outside customers, with AI compute capacity and models part of the plan. The move raised concern that Meta could become a competitor in the neocloud stack alongside its role as a customer. CoreWeave-linked names bore the brunt of the selling, with CoreWeave itself falling nearly 14% that day.
Brendler dismissed the fear. "We view this reaction as overdone," he wrote, adding that the firm does not view the Meta news "as a negative demand signal." He pointed to Rosenblatt colleague John McPeake's **** sment that the Meta story appeared company-specific, driven by the social media giant's need to justify large capital expenditure, with no indication of a shift in contracted demand.
AI and Bitcoin's daily show: Subscribe to the Blockspace Podcast here, on Apple, Spotify, or anywhere you listen to podcasts.
5 months ago
Galaxy Digital Inc. (NASDAQ: $GLXY) is putting more capital behind institutional digital **** et lending, taking a strategic stake in Digital Prime Technologies as the market looks for more structured ways to borrow and lend crypto at scale.
The investment, announced Tuesday, builds on Galaxy's role as a launch participant on Tokenet, the institutional lending platform developed by Digital Prime Technologies in partnership with EquiLend. Tokenet went live in May and is designed to bring securities-lending style workflows, risk controls and lifecycle management into digital **** ets.
Financial terms were not disclosed, but Galaxy's role makes the investment more than a passive backing. The firm was already a launch participant on Tokenet, tying the deal directly to its lending and trading operations and giving the platform an early institutional user with market depth.
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The investment, announced Tuesday, builds on Galaxy's role as a launch participant on Tokenet, the institutional lending platform developed by Digital Prime Technologies in partnership with EquiLend. Tokenet went live in May and is designed to bring securities-lending style workflows, risk controls and lifecycle management into digital **** ets.
Financial terms were not disclosed, but Galaxy's role makes the investment more than a passive backing. The firm was already a launch participant on Tokenet, tying the deal directly to its lending and trading operations and giving the platform an early institutional user with market depth.
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