Galaxy

Need to catch up on the latest? Here's what Galaxy Research is covering this week: ??? Stablecoin Legislation Passes in the Senate The Senate Banking Committee advanced comprehensive stablecoin legislation to the Senate floor. ?? Optimism Rolls Out Futarchy Contest in First Step Towards Possible Governance Overhaul Optimism opened up its test Futarchy contest with prediction markets around grant allocations across the Superchain. ? Ethereum Upgrade Pectra Delayed to Late April or Early May Ethereum protocol developers and researchers reached consensus on a new path forward for testing the Pectra upgrade that would push out activation of Pectra on Ethereum mainnet to sometime in late April or early May. Check out the latest edition to get our take, and don't forget to subscribe ??

In Focus with Benjamin Wald, Operating Partner at Galaxy Interactive? ? With a deep background in software, AI, and IoT, Benjamin Wald brings years of experience founding and scaling technology companies. In a new blog post, he shares insights on the convergence of AI, blockchain, and spatial computing—and how Galaxy Interactive is helping build the infrastructure for the future of interactive technology. “The more I got to learn about Galaxy Interactive, the more I saw the parallel with NVIDIA’s journey—starting in gaming and ultimately becoming critical infrastructure for AI and HPC across countless industries.” Read more about Ben’s background and perspective on the evolving landscape:? https://lnkd.in/eSbVj3Rx?

In this week’s Trading Take, Beimnet Abebe from Galaxy Trading and Alex Thorn from Galaxy Research discuss the recent executive order establishing a U.S. Strategic Bitcoin Reserve (SBR). Despite high initial expectations, Bitcoin's market response has been tepid, reflecting broader market caution. The discussion explores the challenges of purchasing digital assets with taxpayer money and the broader implications for U.S. fiscal policy and digital currency strategy. Beimnet and Alex also touch on the broader market conditions affecting both equities and cryptocurrencies. ?? Behind Bitcoin's Tepid Response to the Strategic Bitcoin Reserve: https://hubs.li/Q03bVjqf0

Exciting news from RedotPay , a Galaxy Ventures portfolio company! The leading crypto payments platform has secured $40 million in Series A funding to expand its crypto card payments ecosystem. With over 3 million users globally, RedotPay is pioneering seamless fiat-crypto payments and driving financial inclusion for the unbanked. At Galaxy Ventures, we’re proud to support RedotPay’s mission to make crypto payments a mainstream reality. "Crypto payments are no longer a niche concept—they are becoming a fundamental part of the global financial infrastructure. RedotPay’s seamless integration of digital assets with everyday payments is a game-changer for millions of consumers globally. We're excited to be a part of their journey." — Will Nuelle, General Partner, Galaxy Ventures Congratulations to Michael Gao and the entire RedotPay team on this milestone. Learn more about RedotPay: https://www.redotpay.com/

Looking for your next opportunity in crypto? Galaxy Ventures invests in cutting-edge founders and technologies across the industry—now, you can be part of it. Explore open roles at our portfolio companies spanning L1/L2 blockchains, stablecoins, payments, infrastructure, and more. Your next career move starts here: https://hubs.li/Q03bP1P30?

GK8 by Galaxy announces its integration with Avalanche, bringing security to the Avalanche DeFi ecosystem. With this integration, GK8’s unlimited MPC (uMPC) technology provides secure access to DeFi applications, enabling institutions to deploy digital assets into liquidity pools, staking protocols, and other DeFi services through MetaMask Institutional (MMI). Avalanche is emerging as a leading blockchain for DeFi, offering: ?? Low transaction fees ?? Near-instant finality ?? Ethereum-compatible smart contracts By adding Avalanche support, GK8 enables institutions to engage with DeFi securely and efficiently while adhering to strict custody and compliance standards. “Avalanche’s speed and scalability are key advantages for institutions engaging with DeFi,” said Lior Lamesh, CEO & Co-Founder of GK8 by Galaxy. “Our uMPC technology ensures that users can participate securely and efficiently, reinforcing trust in blockchain-based financial services.” GK8’s uMPC solution supports all EVM-compatible chains and allows an unlimited number of co-signers, with cryptographic key shards distributed globally or locally, secured by hardware security modules (HSM). This infrastructure is designed to meet evolving regulatory requirements while maintaining operational flexibility. Institutions now have a secure and compliant pathway to DeFi on Avalanche. Learn more: https://lnkd.in/ef3d57aP

The media industry is undergoing a seismic shift—AI, trust, and evolving business models are redefining the landscape. Galaxy Interactive General Partner Sam Englebardt recently joined a panel hosted by the UAE National Media Office and Richard Attias & Associates to discuss these transformations. From the future of traditional media to the role of blockchain and AI in rebuilding trust, Sam shared his key takeaways. “The next five years are pivotal. The future of media belongs to organizations ready to evolve—those willing to rethink their roles, their relationships with audiences, and their very definition of success.” Read Sam’s insights on AI, trust, and the future of media: https://lnkd.in/eHDaUPqt

Next week, the Galaxy Interactive team is heading to California for two major industry events:?NVIDIA GTC & Game Developers Conference 2025! ? We’ll be attending, hosting, and connecting with top developers, innovators, and leaders at both conferences. If you’re in town, here’s where you can find us:? ? NVIDIA GTC | March 17-21 | San Jose, CA? ? ?? VIP Salon Dinner: The Future of Secure AI Infrastructure ?? Rollati Ristorante | March 18 | 6-8 PM PDT ?? Featuring industry leaders from Galaxy Interactive, Protopia AI, and NVIDIA discussing enterprise AI scalability, open-weight models, and secure infrastructure.? ??? RSVP: https://lu.ma/4jmu417y ?? Panel: The Evolving AI Infrastructure Landscape ?? Microsoft's Mountain View Campus | March 21 | 2-2:30 PM PDT ??? Galaxy Interactive’s May Wang will join leaders from NVIDIA, Microsoft, and Okareo to discuss the future of AI, cloud, and infrastructure. ??? Register: https://lu.ma/91mdmxtl GDC 2025 | March 17-21 | San Francisco, CA? ? ?? GDC Closing Cocktails by Galaxy Interactive ?? Modi | March 20 | 7-10 PM PDT ?? An exclusive evening of networking with the pioneers shaping the next generation of gaming & technology. ??? RSVP: https://lu.ma/d6v7exvf? ? We can’t wait to connect. See you there!

On today's Infinite Jungle episode, I invite Parithosh Jayanthi and Marius van der Wijden back to show to discuss the latest on Pectra testing developments and the Pectra mainnet timeline. We get into why recent client bugs discovered on public Ethereum testnets like Holesky and Sepolia are not surprising to Ethereum developers and why they don't spell doom and gloom for the state of Ethereum protocol development. Catch my full conversation with Pari and Marius on your podcast platform of choice: Apple Podcasts: https://lnkd.in/dd2Cfp9c Spotify: https://lnkd.in/dNshAgw3 YouTube: https://lnkd.in/da_CVPqh

?? Galaxy Asset Management's Monthly Market Commentary – The March Edition The crypto market faced turbulence in February, with BTC dropping 27.9% to $84,212, reflecting broader macroeconomic uncertainty. But beyond price action, key structural shifts emerged: ?? Institutional Adoption Accelerates: Abu Dhabi’s sovereign wealth fund, BlackRock, Citi, and Morgan Stanley deepen crypto involvement.? ?? Trump’s Strategic Bitcoin Reserve (SBR): The U.S. government separates BTC from all other digital assets.? ?? SEC Reassessment: The agency dropped lawsuits against major crypto firms & raised 48 new regulatory questions.? ?? Memecoin Speculation Fizzles: Trading volumes on Solana DEXs fell 90% from their peak.? ?? Bybit Hack ($1.5B Stolen): The largest crypto hack in history, but 77% of stolen funds remain traceable.? ?? Stagflation Fears & Capital Flows: Gold ETFs saw $6.8B in inflows, while BTC ETFs saw $3.6B in outflows. As March unfolds, key events like the CME’s Solana futures launch, CPI data, and the FOMC meeting may shape market trends. Read our full Monthly Market Commentary here ??