Tag: Digital

Galaxy Digital Swings to $30.7M Profit in Q2 as BTC Holdings Hit 17,102

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Galaxy Digital reported a net income of $30.7 million for the second quarter of 2025, reversing the $295 million loss recorded in the previous quarter. The digital asset and infrastructure firm cited gains in balance sheet holdings and strong performance from its Global Markets division as key drivers of its recovery, according to a Tuesday press release. The quarter ended with Galaxy’s Bitcoin holdings increasing to 17,102 Bitcoin (BTC), valued at $1.95 billion. The company held 13,704 BTC by the end of the first quarter, suggesting that it added 4,272…

Philippine SEC Flags 10 Crypto Exchanges Defying New Digital Asset Regulation

Top global crypto exchanges face mounting legal peril in the Philippines after being accused of illegally targeting users and violating strict new digital asset compliance rules. Philippine SEC Flags Major Crypto Exchanges Operating Illegally in the Country The Philippine Securities and Exchange Commission (SEC) published an advisory on Aug. 4, alerting investors about unregistered offshore […] Source CryptoX Portal

Cash Isn’t Going Anywhere, ECB Says — But It’s Getting A Digital Twin

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

ECB Reaffirms Commitment to Cash as Digital Euro Advances

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As stablecoins and private digital currencies gain traction globally, the European Central Bank (ECB) doubled down on its commitment to keep public money, both physical and digital, at the core of Europe’s financial system. On Monday, ECB Executive Board member Piero Cipollone said in a blog post that euro banknotes and coins will continue to play a role in the financial ecosystem even if the central bank advances its digital euro plan.  “And rest assured: A digital euro will not replace banknotes and coins but rather complement them,” Cipollone said,…

Whale Buys $153M In Ethereum From Galaxy Digital OTC: Institutions Are Betting Big

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Ethereum is once again approaching critical levels after a stretch of volatile yet bullish price action. Following a sharp rebound from yesterday’s low of around $3,675, ETH is now trading above the $3,800 mark, regaining momentum as traders eye a decisive move. While short-term volatility remains, the overall structure favors continuation—provided ETH can break cleanly above the $4,000 resistance level. Related Reading This threshold now stands as the key barrier between consolidation and a potential rally toward new highs. A confirmed breakout would likely ignite fresh bullish momentum across the…

US Senator Declares ‘Year for Digital Assets’—Crypto Legislation Set to Reshape Markets

A U.S. senator has declared “this is the year for digital assets,” endorsing landmark federal efforts poised to transform crypto regulation, boost innovation and reshape financial markets. Senate Leadership Aligns With White House to Champion Crypto Revolution U.S. Senator Cynthia Lummis (R-WY) praised the President’s Working Group on Digital Asset Markets on July 30, describing […] Source CryptoX Portal

Galaxy Digital Abruptly Moves $447,000,000 Worth of Bitcoin (BTC), Sends Most to Crypto Exchanges: On-Chain Data

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Crypto financial services giant Galaxy Digital has abruptly moved $447 million worth of Bitcoin (BTC), on-chain data shows. According to the blockchain tracking platform Lookonchain, Galaxy Digital has just moved 3,782 BTC, only days after making another massive transaction of the flagship crypto asset. “Is Galaxy Digital helping clients sell BTC again? [On Monday], Galaxy Digital has transferred out another 3,782 BTC ($447 million), most of which went to exchanges.” On Friday, Galaxy Digital said that it facilitated the successful execution of “one of the largest notional Bitcoin transactions in…

Senate Committee Proposes Digital Asset Regulations

The U.S. Senate Committee on Banking, Housing, and Urban Affairs has released a Discussion Draft aimed at clarifying the regulatory landscape for digital assets. While still in early stages, the proposal signals a significant shift in how Congress may approach oversight of crypto markets, stablecoins, and digital asset intermediaries. The draft echoes several bipartisan efforts […] Source CryptoX Portal

Understanding the ASIC v Wallet Ventures Decision on Digital Assets

On July 24, 2025, the Full Federal Court of Australia issued its decision in ASIC v Wallet Ventures Pty Ltd [2025] FCAFC 93, dismissing the Australian Securities and Investments Commission’s (ASIC) appeal in a closely watched case concerning the regulatory status of crypto-asset products. The ruling affirms that Finder Wallet’s “Finder Earn” product does not […] Source CryptoX Portal