Galaxy

In our fourth special edition episode of Galaxy Brains, recorded at The Bitcoin Conference in Nashville, Alex Thorn talks with Craig Warmke, co-author of “Resistance Money” and a philosophy professor deeply engaged with Bitcoin’s ethical dimensions. The conversation dives into the philosophical underpinnings that support Bitcoin as a form of “resistance money.” Craig explains why a philosophical approach is crucial to understanding Bitcoin’s impact and its potential to offer solutions for those marginalized by traditional financial systems. Listen to this special episode on your favorite platform 🎧 YouTube: https://lnkd.in/e9yxBb6c Spotify: https://lnkd.in/eyKfV9yU  Apple Podcasts: https://lnkd.in/eq6g7jrT 

The Ethereum staking environment has been on a transformative journey since the Beacon Chain's inception in 2020. Key milestones such as the 2022 merge have enabled stakers to earn through tips and MEV, and by 2023, staked ETH withdrawals became possible, offering a new level of liquidity to validators. As Ethereum evolves, each update on the development roadmap, like the upcoming changes in the Pectra update, brings new dynamics that stakeholders must navigate. The complexity of Ethereum's staking economy now surpasses its mining era, requiring a nuanced understanding and strategic adaptation to remain profitable. Staying informed and adaptable is crucial for anyone involved in staking, whether you're operating from home or managing a staking business. For a deeper dive into the risks and rewards of staking, check out our recent report by Galaxy Research’s Christine Kim: https://lnkd.in/euCS3t5j 

Galaxy is developing innovative products and services to fuel economic advancement. As our team expands, we’re seeking talented individuals to join us.     ▶ Finance – Vice President, Valuations Specialist   ▶ Tax – Associate, Corporate Tax  ▶ Finance – Vice President, Enterprise Risk & Controls     Check out open roles at Galaxy: https://lnkd.in/e7REXjzd 

Galaxy Asset Management’s monthly market update is almost here, packed with insights on the most significant developments from the past month. Here’s what we’re covering: ▫ Spot #Ethereum ETFs in the U.S. ▫ Clearing #Bitcoin market overhangs ▫ #Crypto goes mainstream in politics ▫ #VC market rebound Don’t miss our market commentary, portfolio considerations, and institutional adoption highlights. Subscribe now to receive this month’s edition: https://lnkd.in/e68rarzv

"Reflecting on Bitcoin 2024, it is awe-inspiring to know that 35,000 people from around the world expended their time and energy to gather for 3 days in Nashville, Tennessee to celebrate Bitcoin and its core values of self-sovereignty, open-source development, privacy, and censorship-resistance." Galaxy Summer Intern Ella Hough shares her takeaways from The Bitcoin Conference, highlighting the growing importance of Bitcoin in U.S. politics and government. She also discusses Bitcoin mining's shift towards AI, the increasing emphasis on Bitcoin L2s, and major news announcements from Bitcoin 2024. Read "Bitcoin Nashville 2024: A Historic Gathering": https://lnkd.in/eeuysMFA

Restaking is an emerging concept in blockchain technology, aiming to create a more unified and efficient security model for multiple blockchain ecosystems. As of June 25, 2024, $20.14 billion worth of assets were being restaked, with Ethereum leading the way. Our latest report, "The Costs and Benefits of Restaking," by Zack Pokorny, dives into this concept, providing an in-depth overview of restaking on Ethereum and Cosmos. This report is the second in a three-part series exploring the risks and rewards of staking, restaking, and liquid restaking. Key highlights include: ▶ An overview of restaking and its implementation on Ethereum and Cosmos.  ▶ The historical context and evolution of restaking.  ▶ Detailed analysis of major restaking solutions like EigenLayer, Karak, Symbiotic, Solayer, Picasso, and Pell Network.  ▶ Examination of the economic and security implications of restaking.  ▶ Risks associated with restaking and considerations for stakeholders. Restaking leverages the economic and computational resources of one blockchain to secure multiple blockchains, thus enhancing modularity and economic security. However, there are significant risks in implementation that need careful consideration. Explore the report to understand the future of restaking and its impact on the broader blockchain ecosystem: https://lnkd.in/eR4mB_UV 

What is Galaxy Research talking about in this week's newsletter? 🎸 Bitcoin’s Big Music City Moment The Bitcoin Conference in Nashville marked a major milestone for the world’s oldest cryptocurrency. 💵 Another Record-Breaking Quarter for Tether Tether.io releases Q2 financials, achieving record-high US Treasury ownership. ⚔️ Compound Governance Attack or Investor Activism? Compound saw an activist governance proposal (or governance attack, depending on whom you ask), by a group called the “Golden Boys.” Check out this week's top stories for our take, and don't forget to subscribe ⤵

At the inaugural, invite-only TOKENFUTURE2024 event, Thomas Cowan, VP of Tokenization at Galaxy, delivered the opening keynote, “The Macro Case for Tokenization: Why Now?” He discussed the drivers behind tokenization, highlighting its efficiency, transparency, and programmability. Thomas emphasized the transformative potential of tokenization in improving liquidity and accessibility across markets like stablecoins and real estate. He also addressed regulatory challenges, underscoring the need for clear frameworks to facilitate broader adoption. By 2030, the tokenized asset market is expected to hit $16 trillion, paralleling the EU's GDP today.    Watch the full keynote to learn more about this pivotal technology and its future: https://lnkd.in/eerkRw9C

In our third special episode of Galaxy Brains, recorded at The Bitcoin Conference in Nashville, Alex Thorn speaks with Dylan LeClair, Institutional Lead at Bitcoin Magazine, and Director of Bitcoin Strategy at Metaplanet Inc. | 株式会社メタプラネット. They explore the MicroStrategy playbook and discuss the evolving political and economic landscape surrounding Bitcoin. The conversation delves into the significant role Bitcoin plays in corporate strategies and its growing influence in national and global arenas. Listen to this special episode on your favorite platform 🎧 YouTube: https://lnkd.in/e9cyGBtq  Spotify: https://lnkd.in/efQ3h7Nu  Apple Podcasts: https://lnkd.in/esUiB7Ud 

Economies are increasingly connected, yet our financial systems lag behind, failing to become digitally borderless. The $190T payments infrastructure of 2023 was built over 50 years ago. It’s costly, inefficient, and relies on numerous intermediaries. Traditional fintechs have innovated on the margins, but we believe blockchains can revolutionize global payments operations.    Enter Layer2 Financial. Layer2 is building a next-gen payments infrastructure that’s faster, cheaper, and seamless for cross-border transactions. By leveraging stablecoins and digital assets, Layer2 offers a quantum leap in cost and efficiency over traditional systems.     Galaxy Ventures is proud to lead Layer2’s $10.7M Series A, driving tokenized payments mainstream. General Partner Mike Giampapa highlights Layer2’s potential to solve payment frictions with blockchain and stablecoins in his latest perspective: https://lnkd.in/eRBHvzuN