美国德州要求数据中心承担电力成本，Galaxy等三家公司承诺遵守新监管标准
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Galaxy Digital launched an institutional over-the-counter prediction market, completing its first order of $10 million in Kalshi.
PANews reported on June 2nd that, according to The Block, Galaxy Digital has launched an over-the-counter prediction market trading desk for hedge funds and family offices. The first transaction was a $10 million Clarity Act-related contract with crypto hedge fund Arca on Kalshi. Galaxy acted as the primary market maker, providing Arca with bilateral position building and larger-scale liquidity. The service currently covers non-sports event contracts on Kalshi and Polymarket, encompassing markets such as economics, politics, and geopolitics, and plans to expand to more platforms. Galaxy can also combine prediction market positions with equity and commodity hedges, helping institutions manage multi-asset risk exposure around a single event.
FG Nexus deposited 9,481 ETH into Galaxy Digital to complete its liquidation, incurring a total loss of $86.6 million.
PANews reported on July 1 that, according to Onchain Lens monitoring, FG Nexus ultimately liquidated all its ETH holdings by depositing 9,481 ETH ($14.89 million) into Galaxy Digital. Its total deposits amounted to 51,156 ETH ($109.4 million), resulting in a loss of $86.6 million.
Hut 8 settles securities class action lawsuit for $2.35 million; Galaxy makes strategic investment in digital asset lending platform Digital Prime Technologies.
According to Mars Finance and BBX data, two leading listed companies in the cryptocurrency sector completed key historical settlements and strategic upgrades yesterday. The key developments are as follows: Hut 8 Corp. (Nasdaq: $HUT) officially disclosed on June 23 that it agreed to pay investors $2.35 million in cash to settle a securities class-action lawsuit stemming from its 2023 acquisition of US Bitcoin Corp (USBTC). The case was heard in the Southern District of New York Federal District Court. The plaintiffs were investors who held Hut 8 securities between February 13, 2023, and January 18, 2024. The core allegation was that the company made significant omissions in disclosing infrastructure issues (including power rationing and network connectivity failures) at its King Mountain Texas Bitcoin mining farm during the acquisition process, constituting material misrepresentation to investors. The trigger for this case was a critical report released by short firm J Capital Research on January 18, 2024, which caused Hut 8's stock price to plummet by over 23% that day. The $2.35 million settlement represents approximately 19.6% of the plaintiff's estimated maximum recoverable damages of $12.08 million, exceeding the historical median settlement rate for similar cases involving only Securities Act claims. The settlement still requires final court approval, and Hut 8 denies any wrongdoing or legal liability. This settlement removes the last major historical legal suspense in the company's AI/HPC data center transformation narrative—allowing the valuation logic for the on-time delivery of its River Bend ($7 billion contract) and Beacon Point ($9.8 billion contract) dual campuses this year to unfold against a cleaner balance sheet backdrop. Galaxy Digital Inc. (Nasdaq: $GLXY) announced on June 23 a strategic investment in Digital Prime Technologies (a securities lending technology platform), with specific financial terms undisclosed. This investment builds upon Galaxy's existing role as a participant in the Tokenet platform—developed by Digital Prime Technologies in partnership with institutional securities lending infrastructure provider EquiLend, Tokenet officially launched in May 2026, aiming to introduce mature workflows, risk control mechanisms, and full lifecycle management systems from the institutional securities lending sector to the digital asset lending market. Galaxy's upgrade from a platform participant to an equity investor directly binds Tokenet platform operations to its own institutional lending and trading businesses, creating a triple synergy of "product + balance sheet + equity." This move aligns perfectly with Galaxy's overall business strategy: building upon the stable cash flow from its 15-year AI data center lease with CoreWeave (Phase 1 133MW delivered in April), Galaxy further reduces its reliance on a single Bitcoin price beta by deepening its institutional digital asset lending infrastructure footprint. On the same day, Galaxy was also listed in an institutional research report as one of the few crypto stocks capable of maintaining business resilience during a Bitcoin price downturn; its diversified portfolio is considered the core reason for its relative decoupling from pure BTC price exposure.
Arthur Hayes deposited 6,000 ETH into FalconX and Galaxy Digital.
PANews reported on June 19 that, according to Onchain Lens, Arthur Hayes transferred a total of 6,000 ETH to market-making and institutional trading platforms FalconX and Galaxy Digital, equivalent to approximately $10.14 million at current prices.
Morgan Stanley and Galaxy Digital have reached an agreement to lower the minimum investment threshold for cryptocurrency-to-ETP (Enterprise Transfer Program) referrals to $5 million. Bitdeer sold all of its 205.3 BTC generated this week, maintaining a zero-holding strategy.
According to BBX data, last week saw the simultaneous expansion of institutional crypto infrastructure and the divergence in cash flow management models among mining companies. Key developments include: Morgan Stanley (NYSE: $MS) Wealth Management and Galaxy Digital Inc. (NASDAQ: $GLXY) officially announced a referral agreement on June 5th. This agreement allows Morgan Stanley's qualified high-net-worth clients to lend their directly held BTC, ETH, or SOL to Galaxy Digital. Galaxy, acting as an Authorized Participant (AP), will create physical shares and directly transfer the corresponding spot crypto ETP shares (including Morgan Stanley Bitcoin Trust, NYSE Arca: $MSBT) to the client's brokerage account. The converted ETP shares can be used as collateral for account financing. Key parameters: Galaxy Digital has lowered the minimum transaction threshold for Morgan Stanley's referral clients from $25 million to $5 million, significantly expanding the coverage of qualified high-net-worth clients. Traditionally, similar institutional transactions typically take more than four weeks to complete; the new mechanism can shorten the entire process by up to 75%. The legal basis for this collaboration is the SEC's approval in July 2025 of the physical conversion mechanism for crypto assets into ETFs, allowing direct physical transfers between directly held crypto assets and spot crypto ETFs. Morgan Stanley's $MSBT is one of the first products to benefit from this. Bitdeer Group, Inc. (NASDAQ: $BTDR) produced 205.3 BTC in Bitcoin mining during the week ending June 5, 2026, and sold 205.3 BTC during the same period, resulting in a net increase of 0 BTC. Its current BTC holdings remain at zero, continuing its "production-as-sale" cash flow management strategy. The proceeds from the sale will be used to support the R&D of its SEALMINER mining hardware product line and the expansion of its hash power hosting services. Bitdeer's zero-position model stands in stark contrast to mining companies like CleanSpark, Inc. (NASDAQ: $CLSK) (holding approximately 13,561 BTC) and MARA Holdings, Inc. (NASDAQ: $MARA) (holding approximately 35,303 BTC), which have been continuously accumulating Bitcoin. This represents another financially rational path for mining companies during a BTC price downturn: exchanging immediate monetization for stable operating cash flow to avoid the impact of single-asset price fluctuations on their balance sheets.
Morgan Stanley has partnered with Galaxy Digital to enable clients to convert cryptocurrencies into spot ETFs.
According to Foresight News , citing Barron's, Morgan Stanley Wealth Management has partnered with Galaxy Digital to allow high-net-worth clients holding Bitcoin, Ethereum, or Solana to convert their direct holdings into spot crypto ETFs. The converted ETFs can then be used as collateral for financing, with a minimum investment threshold of $5 million. This partnership provides the regulatory foundation for the SEC's approval in July 2025 of a physical conversion mechanism between direct crypto asset holdings and spot crypto ETFs.