GLXY Debuts on Nasdaq
The long-awaited uplisting of Galaxy Digital to the American markets is official. This morning, CEO Mike Novogratz rang the opening bell at the Nasdaq, marking the company’s debut under the ticker GLXY. You can read Mike’s letter to shareholders here. Meanwhile, Bloomberg reports that Galaxy is talking with the SEC about tokenizing its shares.
Coinbase “Hack”
Threat actors have allegedly bribed Coinbase offshore support staff to access personal user data — affecting roughly 1% of monthly transacting Coinbase users. The criminals are demanding $20 million in ransom or the data will be leaked. Coinbase CEO, Brian Armstrong, responded by speaking directly to the criminals and explaining what the company was going to do about the situation in the video linked below.
Much of the media is reporting this as a “hack,” which seems disingenuous. Regardless, it’s not a good look for the company only days after joining the S&P.
BTC Surpasses Google
Bitcoin has surpassed Google to become the 5th largest asset in the world by market cap at $2.062 trillion. Next up Amazon at $2.176 trillion.
eToro CEO says Buffett convinced him to focus less on crypto (The Block)
Coinbase says staff leaked customer data, refuses to pay $20M ransom (Protos)
Jerome Powell’s Hot Mic Admission Sparks Panic (Wealth Protection)**
FTX to begin $5B bakruptcy payouts May 30 (Blockworks)
Revolut, the $45B neobank, posts $1B profit in 2024 (TechCrunch)
Rogue communication devices found in Chinese solar panels (Reuters)
SEC investigates whether Coinbase inflated user numbers ahead of 2021 IPO (The Block)
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