GalaxyDigital

$BTC $ETH
🗞️ Top News:
• Circle Raises IPO to $1.05 Billion: Stablecoin issuer Circle has raised its initial public offering to $1.05 billion, pricing shares higher than its previously marketed range.
• JPMorgan to Accept Crypto ETFs as Loan Collateral: JPMorgan Chase is now accepting customers' cryptocurrency-related assets as loan collateral, beginning with BlackRock's iShares Bitcoin Trust ETF.
• Sygnum Warns of Imminent Bitcoin Supply Squeeze: Sygnum Bank has warned that an imminent Bitcoin supply squeeze may affect market conditions.
📉 Market Overview:
• The global cryptocurrency market capitalization has gone down by 2.2% in the last 24 hours to $3.43 trillion.
• Bitcoin (BTC) is at $105,139, Ethereum (ETH) at $2,622, and altcoins are displaying mixed trends.
📊 Price Snapshot:
🔍 Notable Developments:
• Hyperliquid (HYPE) Lists on Coinbase Futures: Hyperliquid (HYPE) cryptocurrency is now officially listed on Coinbase Futures, and bullish sentiment among investors has increased.
• Galaxy Digital Shifts $283 Million in Ethereum: Galaxy Digital made significant amounts of Ethereum in over-the-counter moves, which it sent to an address said to be associated with an institution or whale.
• Elon Musk References Bitcoin After Three Years: Elon Musk made the reference to Bitcoin for the third time in three years, which generated renewed interest in the cryptocurrency.

In a major display of institutional confidence in Ethereum, blockchain infrastructure firm Consensys has acquired $320 million worth of Ethereum (ETH) via a transaction executed through Galaxy Digital’s OTC platform. A significant portion of $120 million has already been staked through Liquid Collective, highlighting the company’s strategic long-term view on the Ethereum ecosystem.This development underscores a growing trend among institutions diversifying treasury holdings with crypto-native assets like ETH, particularly within the decentralized finance (DeFi) ecosystem.
Institutional Ethereum Strategy: A Deeper Look
Led by Ethereum co-founder Joseph Lubin, Consensys has long been a critical driver of Ethereum-based development. Now, the company is transitioning from a pure development role to becoming a heavyweight institutional investor in ETH.
In his statement, Lubin noted:“The technology is no longer speculative. It is operational.”
This move echoes that philosophy, positioning Ethereum not only as a transactional token but as a core structural asset in decentralized infrastructure.
The staking of $120 million in ETH with Liquid Collective, a collaborative staking solution, demonstrates Consensys’s commitment to network security and a sustainable return model. Staking, as opposed to holding ETH idle, contributes to Ethereum’s Proof-of-Stake consensus mechanism, thereby supporting its decentralized integrity while yielding passive income.
Market Reactions and Ethereum’s Rising Institutional Profile
While there has been no formal comment from other major players in the space, the crypto community views this acquisition as a bullish signal for Ethereum. Experts at CryptosNewss point out that moves like this are increasingly becoming part of institutional portfolio strategy, validating Ethereum’s long-term potential.
According to CoinMarketCap data as of June 4, 2025:
ETH Price: $2,640.18Market Cap: $318.73 billion30-Day Price Growth: 45.47%
The surge in ETH price is attributed to increasing demand from both retail and institutional segments, with developments like Consensys’s move providing added momentum.
Ethereum’s Expanding Role in DeFi and Treasury Models
The utility of Ethereum extends well beyond speculative trading. With its vast ecosystem of DeFi protocols, NFTs, and smart contracts, ETH is now being considered a foundational asset for digital economies.
CryptosNewss analysts emphasize that Ethereum’s integration into corporate treasury strategies—especially via staking—could prompt similar moves from tech-forward institutions, hedge funds, and even sovereign wealth funds.
The post appeared first on CryptosNewss.com
#Consensys #Ethereum #GalaxyDigital $ETH

🐋 Galaxy Digital just executed a massive OTC transaction, transferring 108,278 ETH worth about 283 million USD to wallet 0x0b26, drawing significant attention in the cryptocurrency community – especially amid a strong market struggle.
📉 In just the past 12 hours, the company withdrew 89,000 $ETH (worth 233.5 million USD) from exchanges, increasing the total amount of ETH in the receiving wallet to 139,476 ETH, equivalent to ~365 million USD.

The TRUMP meme coin of former US President Donald Trump created a storm in the cryptocurrency market as soon as it launched on the Solana platform. But behind that resounding success is strong support from three 'giants' in the industry: Ripple, Mike Novogratz's Galaxy Digital, and MoonPay.
The Power Trio Behind the TRUMP Meme Coin
MoonPay Rescues Galaxy Digital and Ripple
#MoonPay , the cryptocurrency payment provider, struggled to provide liquidity for the explosive demand for TRUMP tokens in the early days of the launch.

😱 Did you hear? While the U.S. government may be hesitant to buy more Bitcoin, Michael Saylor's MicroStrategy is actively hoarding Bitcoin under the 21/21 plan. Meanwhile, with the Trump administration facing a two-year legislative window for pro-crypto policies, a controversial new IRS rule classifies decentralized finance (DeFi) front ends as brokers, sparking widespread criticism, legal challenges, and concerns about innovation and decentralization in the industry.
📊 Galaxy Digital's research arm predicts that the U.S. government will not buy more Bitcoin (BTC) in 2025, but will focus more on protecting its existing holdings. According to Alex Thorn, head of Galaxy research, the U.S. government will use its existing nearly 183,850 BTC (worth about $17.24 billion) to explore Bitcoin reserve policies. While discussions about using Bitcoin as a reserve asset will continue, the government seems to intend to rely on existing holdings rather than buy more.

$ENA
Galaxy Digital, a leading cryptocurrency investment firm, has made headlines by selling 10.85 million ENA tokens at an average price of $1.144, earning a profit of $2.37 million. This strategic selloff is part of a broader divestment, with the firm transferring 4.46 million ENA tokens worth $4.92 million to Binance just nine hours earlier. In total, over the past 29 hours, Galaxy Digital has liquidated $12.4 million worth of ENA tokens, contributing to market instability.

𝐖𝐡𝐚𝐥𝐞 𝐌𝐨𝐯𝐞𝐦𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐄𝐍𝐀
𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐦𝐩𝐚𝐜𝐭🎉🎉🎉

#GalaxyDigital isn’t the only major player shaking up the ENA market. In the last 48 hours, three significant whales, including Galaxy Digital, have moved 25.81 million ENA tokens (valued at $30.43 million) to major exchanges like Binance and Bybit. This influx of tokens into the market has added to the current price volatility, leading to a sharp decline in ENA’s value.

At present, $ENA is trading at $0.9951, reflecting a steep 13.71% drop over the last day. The token’s market cap now stands at $3.01 billion, while trading volume has surged by 30.44% in the past 24 hours to $613.15 million, resulting in a volume-to-market cap ratio of 20.12%. ENA’s total value locked (TVL) is $5.89 billion, with a market cap-to-TVL ratio of 0.5162, signaling a challenging market environment.

𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: 𝐁𝐞𝐚𝐫𝐢𝐬𝐡 𝐒𝐢𝐠𝐧𝐚𝐥𝐬 𝐚𝐧𝐝 𝐊𝐞𝐲 𝐋𝐞𝐯𝐞𝐥𝐬💥

Technical indicators paint a bearish picture for ENA. Resistance levels are positioned at $1.09 and $1.21, while immediate support rests at $0.99. A breach below this support could drive prices down to $0.95. The 4-hour chart reveals a bearish crossover, with the 9-day moving average falling below the 21-day moving average, indicating continued downward momentum.

The Relative Strength Index (#RSI ) is at 46.27, reflecting neutral market conditions, though a recent dip to 29 indicated brief overselling, potentially drawing in bargain hunters. Meanwhile, the Bollinger Bands have widened, signaling heightened volatility. The price’s position below the middle band reinforces the prevailing bearish sentiment, with the lower band near $0.95 acting as a possible target if the downward trend persists.

The Moving Average Convergence Divergence (MACD) indicator further underscores the bearish outlook. The MACD line is below the signal line, and the histogram shows increasing negative divergence, suggesting mounting selling pressure.

𝐎𝐮𝐭𝐥𝐨𝐨𝐤👀🚨

𝐆𝐚𝐥𝐚𝐱𝐲 𝐃𝐢𝐠𝐢𝐭𝐚𝐥’s large-scale selloff has exacerbated ENA’s market challenges, driving significant price volatility. While entry and exit points in this evolving market landscape.
#ENAUSDT🚨 #ShareYourTrade #OnChainLendingSurge $ENA

Galaxy Digital's Predictions on U.S. Bitcoin Policy
According to a report dated December 27 from #GALAXY , the U.S. government will not purchase additional Bitcoin in 2025 but will focus on protecting its current reserves. Currently, the U.S. holds 183,850 BTC, valued at approximately $17.36 billion, stored in various wallets.
Alex Thorn, head of research at Galaxy, stated that the U.S. government may develop a reserve management policy $BTC , but the expansion of Bitcoin holdings is unlikely.

Recent on-chain data indicates that Galaxy Digital is shifting its focus from Ethereum to Solana on the Binance exchange, exacerbating challenges for the leading altcoin.
New insights reveal that Galaxy Digital may be liquidating its Ethereum (ETH) assets on Binance.

The firm appears to be investing in Solana (SOL), accumulating nearly $100 million in SOL over a span of two weeks.
Galaxy Digital Withdraws 752,240 SOL From Binance
An analysis shared by Lookonchain suggests that Galaxy Digital is losing confidence in Ethereum based on its recent on-chain activities.

The data shows that the financial services firm may have exchanged a significant portion of its ETH for SOL tokens.

Over the past 14 days, Galaxy Digital has deposited 65,600 ETH, valued at $105 million, onto Binance.

During the same timeframe, the firm withdrew 752,240 SOL tokens, likely as part of an ETH-to-SOL transaction.
“Galaxy Digital appears to be selling ETH and acquiring SOL,” noted Lookonchain. “In the last two weeks, they deposited 65,600 ETH ($105.48M) into Binance and withdrew 752,240 SOL ($98.37M) from the platform.”
The notable volume and regularity of these transactions over a two-week period have drawn attention.

The consistent purchases of SOL follow Galaxy Digital's staking of $40 million in SOL after reaching a settlement with the New York Attorney General regarding LUNA sales.
This is not the first instance of the firm divesting from Ethereum; previously, it shifted from ETH to accumulate Bitcoin in late 2024.

The news has negatively impacted Ethereum's price, which has dropped by 4%, dampening hopes for a rally towards $3,000.
Ethereum is currently experiencing a challenging period as Solana continues to gain momentum.
Recent on-chain activity from Galaxy Digital highlights the difficulties faced by Ethereum, which has seen its value drop below $2,000 following a disappointing first quarter. This situation has prompted many investors to liquidate their ETH assets.
While Galaxy Digital is divesting its ETH, Justin Sun, the founder of Tron, is choosing to retain his ETH holdings.

Additionally, WLFI, a project backed by Trump, has refuted claims of selling its ETH, despite a wallet associated with the project having offloaded over $8 million in ETH tokens.
In contrast, Solana is enjoying a remarkable surge in positive on-chain metrics. Over the past month, Solana has recorded the highest number of active wallet addresses by a significant margin, and its transaction volume has surpassed that of its competitors.
The increase in network activity surrounding Solana has sparked speculation about a potential rise in SOL's value to $2,000.

Currently, SOL is priced at $138.2, having decreased by 1.42%, yet trader enthusiasm remains at unprecedented levels.

#sol #solana #GalaxyDigital #TrendingTopic #MarketSentimentToday