Key Highlights Solana has solidified its footprint as a dominant network for tokenized equities, logging over $7 billion in weekly trading volume and holding roughly $570 million of the $3.8 billion market. Trading platform Formation is launching tokenized stock trading with pre-approved backing from issuers Galaxy, Forward Industries, and Exodus. Formation’s collaborative strategy contrasts sharply ...
Key Highlights: Federal crypto legislation remains impeded following the Senate procedural failure of the CLARITY Act, leading observers to conclude: “We do not expect substantial movement in Congress on key digital assets legislation.” While industry and AI political action committees saw victories in 40 non-competitive races, they dropped nine of 12 closely contested races called ...
Key Highlights: Bitcoin traded near $80,000, recovering 38% from its June lows below $58,000, though it remains roughly 35% below its peak of over $126,000. Technical indicators and market positioning suggest a bottom, highlighted by five straight weekly closes above the 50-week moving average and an influx of 87,000 BTC into spot ETFs. Galaxy’s Alex ...
Key Highlights Galaxy has announced an investment into SkyEcosystem, aligning with its institutional strategy to support emerging financial blockchain technologies. SkyEcosystem’s price and trading volume have remained largely flat, but the backing could drive fresh market attention toward its platform and Peg Stability Module. Market participants are monitoring the partnership to observe how institutional involvement ...