Coindesk

A modestly hot name since obtaining a U.S. listing on the Nasdaq a few months back, Galaxy Digital (GLXY) is seeing some selling after posting second quarter earnings on Tuesday morning.Global Markets revenue rose 28% quarter-over-quarter to $55.4 million despite a 22% decline in trading volumes, as Galaxy outperformed broader market trends, said brokerage KBW. The firm’s average loan book grew to $1.1 billion versus peer Coinbase’s (COIN) hitting $879 million.Assets on Galaxy’s platform rose 27% to $8.9 billion, though adjusted gross profit in asset management fell 26% due to lower on-chain activity. As expected, CoreWeave also exercised its final option to access an additional 133MW of compute at Helios, bringing the site’s total committed capacity to 800MW, the report...

The U.S. Commodity Futures Trading Commission (CFTC) said it is looking to allow the trading of spot crypto contracts on registered exchanges and is seeking input from stakeholders as it looks to implement President Donald Trump's crypto ambitions.The agency wants stakeholders to work with it to provide regulatory clarity on listing spot crypto asset contracts on a CFTC registered futures exchange — also known as a designated contract market (DCM), one of the types of licenses the CFTC administers, Acting Chairman Caroline Pham said in a Monday statement."Starting today, we invite all stakeholders to work with us on providing regulatory clarity on how to list spot crypto asset contracts on a DCM using our existing authority, as I have previously...

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 3823.76, down 0.2% (-7.53) since 4 p.m. ET on Monday.Eight of 20 assets are trading higher.Leaders: POL (+6.4%) and LTC (+4.6%).Laggards: AAVE (-2.1%) and XLM (-1.7%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Upexi Inc. (UPXI), a diversified brand owner, said its holdings of Solana's sol (SOL) more than doubled in July, taking the total to more than 2 million tokens.The Tampa, Florida-based company, whose brands include LuckyTail, Prax and Cure Mushrooms, said it funded the purchases raising more capital through the sale of common stock and convertible notes.“During the month, we raised $200 million and grew our Solana holdings by over 172% to 2 million SOL," CEO Allan Marshall said in a statement shared with CoinDesk. "And we continued to generate additional value for shareholders via an 8% staking yield and additional purchases of discounted locked Solana." July, he said, was a "game-changing" month, during which the company made multiple purchases, including...

By Omkar Godbole (All times ET unless indicated otherwise)While bitcoin (BTC) and ether (ETH) prices have recouped a significant portion of last week's losses, hinting at a "buy the dip" resurgence, the latest ETF flows paint a different picture.On Monday, the nine spot ether ETFs recorded total net outflows of $465 million — the largest on record — following Friday's $152 million drawdown, according to SoSoValue. Bitcoin ETFs also saw substantial outflows, bleeding $333 million after Friday's $812 million, suggesting that institutional capital is not as sanguine as the spot market.Meantime, long-term bullishness has evaporated from BTC options as concerns of renewed U.S. inflation and a labor-market slowdown weigh on investors' risk appetite.On the flip side, some analysts still hold...