Galaxy Digital ($GLXY) has applied to the Office of the Comptroller of the Currency to establish Galaxy National Bank, a New York trust bank. The charter would place its crypto custody, trading and staking under one federal framework. The full story:

Galaxy Research believes Bitcoin’s bear market ended on June 30 at $58,525. BTC has since reclaimed its 50-week moving average after 44 weeks below it, and spot ETFs have added about 87,000 BTC since the low. Not everyone is convinced, and Galaxy flags its own risks. A failed hold of the 50-week average or a drop in ETF holdings would weaken the thesis, and BTC has already pulled back about 9% from its September high. Bottom confirmed, or just a pause? Weigh the evidence on the KuCoin Blog 👇

Galaxy's @intangiblecoins on why money keeps choosing AI stocks over Bitcoin: 1️⃣ AI "touches every part of the economy" 2️⃣ Bitcoin "is not the sexy investment" right now "But that will come back. That also creates an opportunity." 👀

Galaxy's @intangiblecoins on why "the bottom is in" for Bitcoin: ⚡️ Regaining the 50-week average after 20+ weeks below it has never preceded a drawdown ⚡️ BTC is now 5 to 6 weekly closes above the 50-week No new bear market low has ever followed that setup.

.@GalaxyHQ’s Treasury & Corporate segment generated $348M in Q3 net income, exceeding the group’s $323M total. Data Centers posted a $435,000 net loss despite $69M in adjusted EBITDA. Analysis by @akibablade

Galaxy Digital ($GLXY) CEO Mike Novogratz says credit markets are nearing “peak nervousness” as high rates, oil above $100 and massive AI spending pressure borrowers. “More equity, less credit is one way to think about it,” he said.

Galaxy, the crypto financial services conglomerate founded and run by billionaire Michael Novogratz, reported higher-than-expected third-quarter revenue and earnings, sending its shares higher in pre-market trading