Galaxy Wells
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BitGW’s Next Step in Mainstreaming Crypto
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A US appeals court sided with Kalshi, blocking New Jersey from enforcing gambling laws against the platform.

The ruling supports that the CFTC has exclusive jurisdiction over event-based contracts, strengthening federal oversight.

The case underscores rising federal–state tensions and could reach the US Supreme Court, shaping future prediction market regulation.
Fresh developments in the Libra investigation are raising serious concerns and reigniting public debate. As new evidence comes to light, questions surrounding Milei’s potential involvement are becoming harder to ignore.

What does this mean for accountability and transparency moving forward? Stay informed as the story continues to unfold.
Paul Atkins said a US crypto regulatory proposal has reached the White House for review, advancing new digital asset rules.

The plan includes startup and fundraising exemptions, plus a safe harbor for investment contracts to support innovation.

If approved, it could boost regulatory clarity, with the SEC seeking industry feedback before finalizing.
Zach Pandl said Bitcoin’s quantum challenge is more social than technical, noting the network’s design makes it relatively resilient compared to other cryptocurrencies.

The main issue lies in community consensus, particularly on how to handle vulnerable or lost coins, with options including burning them, limiting spending, or taking no action — all of which remain highly contentious.

While quantum threats are not immediate, Pandl said preparation should begin now, as the industry moves toward post-quantum cryptography despite no current security risk.
Argentine banks are reportedly testing JPM Coin to improve settlement speed and efficiency, despite the central bank still restricting most crypto services for customers.

The pilot, involving institutions like Banco CMF, focuses on backend processes such as interbank reconciliation, using blockchain for record-keeping while transactions still settle through traditional systems.

The move highlights growing institutional adoption of blockchain in Latin America, even as regulatory limits remain, with the region continuing to see strong crypto activity growth.
South Korea has ordered crypto exchanges to reconcile user balances with actual holdings every five minutes after inspections revealed weak internal controls and slow response systems.

The move follows a major incident at Bithumb, where 620,000 BTC was mistakenly distributed during a promotion, highlighting risks in exchange operations.

Regulators will also require stronger safeguards, including automated checks, stricter approval processes, and more frequent audits, aiming to improve transparency and risk management across the sector.
Kean Gilbert said Ether treasury firms may need liquid staking and active yield strategies to outperform returns from staked ETH ETFs.

Liquid staking allows ETH holders to earn rewards while keeping assets usable in DeFi, enabling strategies like collateralized borrowing to generate higher yields than passive products.

While ETF yields remain relatively low, treasury firms are increasingly adopting staking and liquid staking to enhance returns, highlighting a shift toward more active capital deployment.
Zaheer Ebtikar is shutting down crypto hedge fund Split Capital despite strong performance, citing a structural shift in the crypto market.

He said the industry is moving away from short-term, momentum-driven trading toward long-term value and infrastructure, making traditional hedge fund strategies less effective.

Ebtikar will join Plasma as chief strategy officer, betting on stablecoins and financial infrastructure as the next phase of crypto growth.
A major shift is underway in the crypto market. With millions of BTC moving into wallets and network activity signaling a potential bull phase, investor sentiment appears to be turning increasingly optimistic.

Could this be the start of the next big rally? Stay tuned and watch the market closely.
A new chapter is unfolding for Coinbase as it moves beyond crypto into traditional finance. With regulatory approval in Australia, the platform is preparing to enter stock trading—signaling a broader shift toward becoming a full-service financial hub.

How will this expansion reshape the competitive landscape? The convergence of crypto and equities is getting closer than ever.
Ethereum’s stablecoin supply has reached a record $180B, marking a significant milestone for the network’s on-chain economy. This surge reflects sustained demand for stable assets, often used for trading, lending, and liquidity provision across DeFi ecosystems.

The growth also signals increasing capital efficiency within Ethereum, as stablecoins continue to serve as a key bridge between traditional finance and decentralized applications.

As the ecosystem matures, such milestones highlight Ethereum’s position as a foundational layer for global digital finance.
Roman Storm’s motion to dismiss charges was rejected by US prosecutors, who argued his defense lacks relevance and evidence, particularly regarding anti-money-laundering measures.

Storm still faces a potential retrial on money laundering and sanctions-related charges after a jury failed to reach a verdict in 2025, keeping the high-profile case ongoing.

The case highlights broader tensions over developer liability in crypto, as debates continue on whether creators of open-source protocols should be held responsible for how their tools are used.
Cathie Wood’s ARK Invest bought ~$12.7M of Robinhood Markets (≈182.6K shares) across ARKK, ARKW, and ARKF — its first accumulation in nearly a month, signaling renewed short-term confidence.

The move follows the US Treasury selecting Robinhood for the new “Trump Accounts” program, offering tax-advantaged investment accounts for children with a $1,000 government contribution. BNY Mellon will act as financial agent, while Robinhood serves as brokerage and trustee.

Robinhood shares rose over 7.5% in after-hours trading. The company also announced a $1.5B buyback plan, though recent earnings showed pressure, with revenue missing expectations and crypto revenue down 38%.
The New York Times suggests Adam Back could be Satoshi Nakamoto, citing his early cryptography work and Hashcash background.

The claim is based on writing style analysis and historical records, but lacks any cryptographic proof, making it inconclusive.

Back denies the claim, and the crypto community remains skeptical, noting only verifiable cryptographic evidence can confirm Satoshi’s identity.
White House economists say banning stablecoin yield would have minimal impact on bank lending, increasing loans by just $2.1 billion (0.02%), with even smaller gains for community banks.

The report warns of economic downsides, including an estimated $800 million annual welfare loss, as users would lose access to yield, with costs outweighing benefits.

The debate continues between banks and the crypto industry, as regulations like the GENIUS Act and proposed CLARITY Act shape the future of stablecoin yields.
Financial Services Commission will tighten crypto withdrawal-delay exemption rules after finding they were widely used in fraud cases, including voice-phishing.

Exchanges will apply unified standards and stricter checks on account activity, history, and transactions, reducing exemption eligibility to around 1%.

The move is part of broader regulatory tightening in South Korea, with enhanced monitoring and stricter oversight following recent incidents.
Cango sold 2,000 BTC in March for around $137 million to repay Bitcoin-backed loans, as part of efforts to strengthen its balance sheet and reduce leverage.

The company also reduced its Bitcoin production cost by 19.3% to $68,215 per coin by adopting a lean-production model focused on improving margins and managing price volatility.

The move reflects a broader trend among Bitcoin miners shifting toward cost control and deleveraging, while repositioning for future growth in energy and AI infrastructure.
Iran is reportedly considering charging certain ships $1 per barrel in Bitcoin to pass through the Strait of Hormuz, while empty tankers may pass without fees.

Vessels would be assessed for security risks, with Bitcoin payments enabling fast processing and potential avoidance of sanctions.

The move reflects rising geopolitical tensions and Iran’s broader use of crypto to navigate sanctions and support its economy.
The U.S. Securities and Exchange Commission has appointed a new enforcement chief, marking a notable leadership shift within the agency. The move comes amid ongoing questions surrounding the departure of the previous official, drawing increased attention to internal dynamics and regulatory direction.

This transition could signal changes in enforcement priorities, particularly as the SEC continues to play a central role in overseeing financial markets and the evolving digital asset space.

As leadership reshapes, the agency’s next steps may have broader implications for regulation, compliance, and market confidence.
Canary Capital has filed an application for a U.S.-based spot PEPE ETF, marking another step in the expansion of crypto-linked investment products. The move highlights growing institutional interest in alternative digital assets beyond major tokens like Bitcoin and Ethereum.

If approved, the proposed ETF could open the door for broader market access to meme-based assets, reflecting the evolving landscape of investor demand and product innovation within the crypto sector.

This development underscores how rapidly the boundaries between traditional finance and emerging digital assets continue to blur.