Galaxy Digital, led by Mike Novogratz, has secured a $460 million private investment from one of the largest asset managers globally to fast-track the conversion of its former Bitcoin mining facility in Texas into an AI data center.The agreement includes the acquisition of 12.77 million Class A shares at $36 each, with the funds designated for general corporate purposes and the expansion of its Helios campus, which is projected to provide 133 megawatts of IT capacity by early 2026, as the company announced on Friday.“The involvement of one of the world’s most prestigious institutional investors with such a substantial investment…

The cryptocurrency market faced its most significant liquidation event ever on Friday night in the U.S., leading to the liquidation of leveraged bullish positions worth $16 billion across bitcoin BTC$112,408.18, ether ETH$3,842.94, XRP$2.4796, solana SOL$184.27, and the wider altcoin market. Many altcoins have plummeted between 20% and 40% as the market recoiled.This situation leaves bullish investors wondering whether recovery will be quick or prolonged. Analyzing typical reactions following a crash indicates that recovery is likely to be slow, testing the patience of optimistic investors.”When markets shift this way, there’s usually a clear strategy for the subsequent phases,” stated Zaheer Ebtikar,…

Morgan Stanley, one of the largest wealth management firms globally, has reportedly informed its financial advisers that all clients will be able to invest in cryptocurrency funds starting on October 15, as reported by CNBC.Advisers will be able to offer crypto funds to clients with individual retirement accounts (IRAs) and 401(k)s, representing a significant change from prior policies that limited access to high-net-worth investors with assets exceeding $1.5 million and an aggressive risk outlook.This shift could free up millions of dollars currently invested in other assets, allowing some of that capital to enter the cryptocurrency market. As of June 30,…

Highlights:Bitcoin and altcoins face the largest liquidation event in the history of cryptocurrency.BTC’s price action struggles to recover from multi-week lows, inching closer to $100,000.A trader suggests crypto is undergoing a “purge” of bull-market optimism.Bitcoin (BTC) hovered around the $110,000 support level on Saturday following a historic $20 billion liquidation event.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewTrader observes the onset of a “crypto purge”Data from Cointelegraph Markets Pro and TradingView revealed that BTC/USD is struggling to bounce back after reaching three-week lows on Bitstamp.Fresh market uncertainties stemming from the US-China trade war impacted risk assets globally. The S&P 500 fell 2.7% on…

Today, the prices of Bitcoin, Ethereum, and Dogecoin are experiencing significant declines, leading to a bearish outlook in the cryptocurrency market. This followed a recent move by U.S. President Donald Trump, which has raised concerns of a potential trade war with China. Reasons Behind the Decline of Bitcoin, Ethereum, and Dogecoin Prices Current data from CoinMarketCap indicates that Bitcoin, Ethereum, and Dogecoin are experiencing price drops today. Bitcoin has fallen as low as $104,000 in the past 24 hours, erasing its early October gains that previously led to a new all-time high (ATH) above $126,000. Ethereum saw a decrease to…

Mike Novogratz’s Galaxy Digital has secured a $460 million private investment from one of the world’s leading asset managers to fast-track the transformation of its former Bitcoin mining site in Texas into an AI data center.The agreement includes the acquisition of 12.77 million Class A shares at $36 each, with the funds allocated for general corporate purposes and the expansion of its Helios campus, which is anticipated to provide 133 megawatts of IT capacity by early 2026, the company announced on Friday.“Having one of the world’s largest and most advanced institutional investors make such a substantial investment in our company…

Galaxy Digital, led by Mike Novogratz, has secured a $460 million private investment from one of the world’s largest asset managers to transform its former Bitcoin mining site in Texas into an AI data center.The agreement includes the acquisition of 12.77 million Class A shares priced at $36 each, with funds allocated for general corporate purposes and the expansion of its Helios campus, projected to provide 133 megawatts of IT capacity by early 2026, as the company announced on Friday.“Having one of the world’s largest and most sophisticated institutional investors make such a significant investment in our company will bolster…

XRP’s price experienced one of the most significant declines of the year, dropping from $2.83 to a low of $1.77 in just a few hours before recovering to approximately $2.44.Despite the recovery, the token remains down about 14% in 24 hours and nearly 20% for the week. However, this decline was not due to typical market selling; it was driven by panic and derivatives activity, rather than actual token sales. As XRP’s price begins to rebound, a key group is seen increasing their token holdings.Sponsored SponsoredPanic-Led Derivatives Crash, Not Spot SellingOn-chain data indicates that this was not a mass sell-off…

Certainly! Here’s the content rewritten while preserving the HTML tags: Prediction markets have evolved from a niche crypto community into a vital part of mainstream finance. Kalshi, one of the leading prediction markets that allows bitcoin deposits, announced it has successfully secured $300 million in new funding at a valuation of $5 billion, with plans to extend access to users in over 140 countries, as reported by The New York Times. This funding round, spearheaded by Sequoia Capital and Andreessen Horowitz, with involvement from CapitalG, Coinbase Ventures, Paradigm, among others, has more than doubled Kalshi’s valuation compared to its last…

Highlights:Bitcoin and altcoins struggle following the largest liquidation event in crypto history.BTC price remains sluggish, nearing a fall to $100,000 from multiple week lows.A trader comments on crypto entering a period of “cleansing” from bullish hype.On Saturday, Bitcoin (BTC) tested the $110,000 support level as a record $20 billion liquidation event unfolded.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewTrader suggests beginning of “crypto cleanse”According to data from Cointelegraph Markets Pro and TradingView, BTC/USD is struggling to recover after hitting three-week lows on Bitstamp.Fresh anxiety over the US-China trade tensions has put pressure on risk assets overall. The S&P 500 dropped 2.7% on Friday,…