Galaxy · 2598

Galaxy Research: BTC reclaims 50-week EMA or marks the end of the bear market

On Twitter, according to an article by Galaxy Research (@glxyresearch), Bitcoin's 50-week moving average (currently around $82,000) is receiving a lot of attention from the market. Historical data shows that of the 6 completed bear markets, BTC has recovered the 50-week EMA on 13 occasions. Of these, 11 successfully marked the establishment of a bearish low, with a failure rate of only about 15%. In contrast, the 50-day EMA is noisy. Of the 6 bear markets, 43 of the 106 recoveries ended in failure, and the first 50-day EMA rebound of each bear market ended in failure. Galaxy Research notes that if BTC stabilizes at the 50-week EMA this week with a weekly closing price, historical experience indicates that the current bear market is likely to be over.

17h ago

SEC Proposes Reg Crypto: Establishing a Legal Path for the Public Offering of Some Tokens and the Withdrawal of Investment Contracts

Comparing news, Galaxy's research director posted an article on the X platform stating that the US Securities and Exchange Commission proposed the “Crypto Asset Regulation” to regulate Crypto Assets, referred to as Reg Crypto for short. The proposal aims to establish a legal path for some tokens to be issued to the US public and establish a mechanism to terminate investment contracts. The scope of application is limited to cryptographic assets that are not securities themselves but have been issued or sold as part of an investment contract. Tokenized stocks, bonds, and arrangements for bundling tokens with shares or other securities are not within the framework. The proposal establishes four stages: financing, disclosure, construction, and exit. The one-time startup exemption allows issuers to raise $5 million over a maximum period of 4 years; higher exemptions set by reference to Regulation A allow $20 million or $75 million in 12 months. Relevant financing is subject to SEC qualification review and ongoing disclosure. The maximum investment amount for uncertified investors is 10% of those with high annual income or net assets. Issuers are also required to disclose token supply and release plans, minting and destruction mechanisms, governance and smart contract authority, source code, and project construction commitments and progress. When the issuer completes or permanently suspends the relevant construction obligations, does not make new construction commitments, and submits a transition report, the relevant investment contract will be deemed terminated, and cryptographic assets will no longer be subject to the securities law under the investment contract. Issuers that have not used the above financing exemptions can also use this safe harbor. The US Securities and Exchange Commission estimates that approximately 475 issuers will use the safe haven of investment contracts each year, and about 130 issuers will use the two new exemptions. Eligible issuances may not be restricted securities and may be immediately resold without contractual restrictions. The proposal also excludes covered initial offerings and some secondary transactions from state registration and qualification requirements, but it does not involve exchanges, brokers, dealers, escrow, or independent innovation exemptions for tokenized securities and on-chain transactions. The comment period is 60 days after publication in the Federal Register. SEC Chairman Paul Atkins and members Hester Peirce and Mark Uyeda all issued statements of support.

1d ago

A giant whale transferred 7.72 million LINK to OTC market makers, worth about $8.91 million to be sold

According to Onchain Lens monitoring, a giant whale address transferred 772.47 million LINK to Galaxy Digital and Cumberland, with a total value of about US$8.91 million, and is suspected to be seeking off-market sales. Of these, approximately 620,000 LINK (approximately US$6.94 million) were transferred to Galaxy Digital, and approximately 170,700 LINK (approximately US$1.97 million) were transferred to Cumberland.

1d ago

The giant whales on the chain continued to build ETH positions, and the three addresses invested a total of 12.42 million US dollars

In comparison, according to monitoring by on-chain analyst Aunt Ai (@ai_9684xtpa), the giant whale on the chain continues to open positions, and the three addresses have accumulated $12.42 million of ETH over the past 2 hours. A whale proposed 3101 ETH worth $7.08 million from Binance; another whale is suspected to have bought 3092 ETH worth $7.05 million off the market from Galaxy Digital; the address starting at 0x695 bought 1044 ETH on the chain through Cowswap, worth $2.39 million. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

2d agoburnking

US stocks generally rose pre-market storage, Neocloud, optical communications and semiconductor stocks, and SKHY rose more than 4%

Comparative news. According to BIT (bit.com) market data, US stocks generally rose in pre-market storage, Neocloud, optical communications, and semiconductor stocks on Thursday. Storage stocks rose across the board. Hynix (SKHY) rose 4.58%, SanDisk (SNDK) rose 2.14%, Seagate (STX) rose 1.85%, Micron Technology (MU) rose 1.70%, and Western Digital (WDC) rose 1.39%. The Neocloud sector collectively strengthened, with Galaxy Digital (GLXY) up 2.28%, Cipher Digital (CIFR) up 2.20%, Nebius (NBIS) 2.07%, Hut 8 (HUT) 1.85%, and TeraWulf (WULF) up 1.81%. Most optical communications stocks rose, with Applied Optoelectronics (AAOI) up 2.55%, Credo (CRDO) 2.21%, Coherent (COHR) up 1.81%, Lumentum (LITE) up 1.68%, and Nokia (NOK) down 0.20%. Semiconductor stocks rose across the board, with Broadcom (AVGO) up 1.21%, Fanlin Group (LRCX) 1.17%, KLAC (KLAC) 1.15%, Arm 0.98%, and AMD 0.85%.

2d ago

Meituan hits Xinyu Tree to make a huge profit of 333 billion

Comparing news, Yushu Technology registered on the Science and Technology Innovation Board today, and the opening price soared 629.44%. Based on the issue price of 150.80 yuan/share, it can earn 474,600 yuan by signing a new contract online. Based on this calculation, Meituan is the external shareholder with the highest shareholding ratio of Yushu Technology. Through Hanhai Information, Chengdu Dragon Ball, and Galaxy Z, the total number of shares held was about 35.1236 million shares, and the profit surpassed 333 billion yuan.

3d ago

New developments in the Coldcard coin theft incident. The identity of the first wave of attackers may have been captured by the FBI

Comparatively, according to Bitcoin Magazine, the investigation into the large-scale coin theft incident of the Coldcard hardware wallet in July 2026 progressed. In the first wave of attacks, about 1082.65 BTC (about US$118 million) were still stored at the attackers' addresses. The investigation found that the attackers used a paid account with a blockchain data service provider. Internal logs “highly consistent” with the coin theft model, and related clues have been handed over to law enforcement. Galaxy Research analyst Alex Thorn said that the identity of the first wave of attackers “may have been captured by law enforcement.” A total of about 2,000 BTC were stolen in subsequent waves of attacks, of which about 76 BTC was stolen in the second wave. The operation mode was similar to the first wave, and it was probably the same actor. The incident stemmed from an entropy generation vulnerability introduced by Coinkite in the March 2021 code update. As a result, some devices using MK2 and later models, firmware 4.1 and above generated low-strength private keys, and seeds can be violently cracked. Coinkite has released fixed firmware and advised users to migrate assets, but the extent of the vulnerability is still being assessed.

3d ago

Analysis: The era of easy earnings in the crypto industry is coming to an end, and over 100 projects have gone out of business in 2026

In comparison, Global Settlement Network (GSN) CEO Ryan Kirkley said that the crypto industry is experiencing a round of large-scale liquidation, and projects with inflated valuations, weak business models, and lack of sustainable revenue are leaving the market one after another. Over 100 crypto projects have shut down, filed for bankruptcy, or virtually disappeared since 2026. Kirkley believes that this wave of failure is largely a result of the financing frenzy from 2020 to 2021. Many projects received huge financing at excessive valuations at the time, but lacked real revenue and profit paths, and were eventually forced to rely on continuous financing to maintain operations. According to Galaxy Research data, venture capital in the crypto and blockchain sector in the first quarter of 2026 was about US$4 billion, involving 355 transactions. The capital scale fell by about half compared to the fourth quarter of 2025, while the number of transactions fell by only 16%, indicating that the contraction in capital was mainly due to a decrease in large-scale financing. Kirkley believes that stablecoins, digital banks, and institutional wallets and settlement infrastructure may become winners after the industry clears up, while social tokens, memes, and some Web3 game projects will face more severe tests. For Bitcoin, Kirkley said the market is currently in a mild bear market, with $6.12 million as a key support level. If it falls below this position, leveraged funds may be forced to sell off, further opening up room for a decline to $41,000. Meanwhile, Kirkley said that he has met with government representatives from 7 countries in the past month, and the interest of institutions and governments in blockchain technology is increasing, but their focus is more on applications such as reducing financial costs, tokenized assets, and cross-border settlement, rather than the decentralized financial system emphasized by the traditional crypto industry. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

4d agoburnking