Galaxy, DeFi Technologies look to leverage new Nasdaq listings

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

After a process that took years (1,300 or so days, Galaxy CEO Mike Novogratz noted on a Tuesday earnings call), GLXY shares are trading on the Nasdaq. 

The US listing boosts the stock’s visibility — i.e. via Robinhood and perhaps, one day, in indexes (S&P, MSCI, Russell, etc.)

More than that, though, we’re watching how it helps the firm scale as competition stiffens in the growing crypto space. 

“Most of Galaxy’s growth over the last seven years was internally funded with investing profits or trading profits, and so there was a regulator on how fast we could grow,”…

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VNBTC: The Leading Bitcoin Cloud Mining Platform for Earning Passive Crypto Income in 2025

London, UK, May 16, 2025 (GLOBE NEWSWIRE) — VNBTC is an award-winning global cloud mining platform that is revolutionizing cryptocurrency mining in 2025 by providing accessible, scalable, and secure mining opportunities. Whether you are new to mining or an experienced investor, VNBTC offers customized solutions to help you earn passive income from home.

Key Features at a Glance:

Free $79 Credit for New Users – Every new account receives a $79 bonus to invest in the Doge Starter Plan, allowing you to earn up to $6.64 per week, completely risk-free. Flexible Mining Plans – Select from nine different contracts designed for any budget, ranging from entry-level options at $79… Read more on Benzinga

Trump Administration Has Been ‘Amazing’ For Crypto Industry, Bitcoin Ready To Go To $130,000, Galaxy CEO Says

Galaxy Digital GLXY CEO Mike Novogratz praised the Trump administration’s approach to crypto policy, contrasting it sharply with the Biden era, which he described as “misery, misery.”

What Happened: Speaking with CNBC on Friday, Novogratz said the current administration has been highly favorable to the cryptocurrency industry.

“The four years under Biden were really un-American when it came to crypto. It was just misery, misery,” Novogratz said.

In contrast, he noted that “this administration has been amazing for the space in general,” emphasizing that Republican support for crypto has played a key role in shaping the current policy environment.

Novogratz said the company pivoted into…

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Ethereum smart wallet mode panic, unpacked

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

A Solidity developer friend of mine reached out on Signal the other day in a tizzy. “I can’t believe this,” he wrote. “How did Ethereum developers let this happen?”

He was referring to a recent article worrying about Ethereum’s Pectra upgrade — specifically EIP-7702 — and its supposed ability to let hackers “drain wallets with just an offchain signature.” The piece has been bandied about on X/Twitter, it seems, though not by people I follow. Fears were clearly being stoked in some circles that a new transaction type quietly enabled attackers to seize control of wallets…

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LATEST: Basel Medical Group Begins $1 Billion Bitcoin Investment Strategy

Basel Medical Group Ltd. (BMGL) has launched exclusive talks to acquire $1 billion worth of Bitcoin in a bold move to diversify its treasury and strengthen its financial base. This groundbreaking shift supports the company’s mission to rapidly expand its medical services across Asia’s booming healthcare markets. The Bitcoin acquisition will be executed through a unique share-swap structure with key players in the crypto investment space.

The transaction marks a major step in redefining BMGL’s corporate strategy by building one of the strongest balance sheets in Asia’s healthcare sector. It offers financial flexibility to pursue mergers and acquisitions while shielding the company from market instability with a diversified asset base. If completed this will be one of the largest crypto-backed treasury shifts by a healthcare firm in the region.

CEO Dr Darren Chhoa said the financial boost gives BMGL the power to drive aggressive growth while maintaining prudent financial management. The company expects to finalize the deal within the current quarter pending regulatory approval.

Source

Steak ‘n Shake Now Accepting Bitcoin Via Lightning Network Across U.S. Locations

Steak ‘n Shake has officially launched Bitcoin payments via the Lightning Network, following the announcement reported on May 9. At the time, the fast food chain teased its plans to integrate BTC, generating excitement across the Bitcoin community. And today, it is an option at the cash register, or better said, Bitcoin Register. 

As of today, customers can pay for their meals with Bitcoin at Steak ‘n Shake locations across the United States. This marks a major step in mainstream Bitcoin adoption, as the chain serves over 100 million customers annually and now gives them the option to use Lightning for instant, low-fee transactions. 

The company announced the news on X this…

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Heritage Distilling Now Accepts Bitcoin And Will Hold It As A Company Asset

Yesterday, Heritage Distilling Holding Company, Inc. (NASDAQ: CASK), a leading U.S. craft spirits producer, announced that it will begin accepting Bitcoin as payment through its direct-to-consumer (DTC) e-commerce platform and will hold bitcoin as strategic assets under a newly approved Cryptocurrency Treasury Reserve Policy.

The policy, approved by the company’s Board of Directors as part of a broader sales and treasury diversification strategy, was developed by the Technology and Cryptocurrency Committee, chaired by tech and digital payments leader Matt Swann. The move makes Heritage the first in the craft spirits sector to formally integrate bitcoin into both its payment and…

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As crypto firms boost US footprint, the race for talent is on

Amid the shifting regulatory landscape, crypto firms are expanding their US footprint and ramping up hiring across policy, compliance, and go-to-market roles.

Companies looking to capitalize on US opportunities are hiring policy and compliance pros, as well as leaders focused on “go-to-market” strategies, recruiters told Blockworks.  

Wintermute became the latest to reveal a new US headquarters on Thursday. The crypto-focused trading firm’s New York office will focus on business development and partnerships, a spokesperson told Blockworks — with managing director David Micley leading those efforts. 

Ron Hammond, a former government relations director at Blockchain…

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Donald Trump’s Crypto Ties Could Be A Banana Skin For The Industry: Report – BlackRock (NYSE:BLK), Mastercard (NYSE:MA)

The cryptocurrency industry’s increasingly close alignment with president Donald Trump and the Republican Party has put its future at the mercy of American electoral cycles, raising concerns about political overreach, regulatory uncertainty and reputational damage.

What Happened: Once hailed as a decentralized alternative to entrenched financial institutions, crypto now finds itself entangled in the very power structures it once sought to disrupt, according to an article by The Economist.

Over the past six months, the industry has entrenched itself in U.S. political life, with top crypto firms among the largest political donors and Trump-aligned officials and family members holding major…

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3 piping hot Pizza Day facts for Bitcoin connoisseurs

This is a segment from the Supply Shock newsletter. To read full editions, subscribe.

Bitcoin Pizza season is back.

This Sunday will mark 15 years since early adopter Laszlo Hanyecz first posted his historic, cheesy request to Bitcointalk: Pizza for bitcoins?

Hanyecz boldly offered to pay 10,000 BTC to anyone who could deliver two large pizzas — two, “so I have some left over for the next day. I like having leftover pizza to nibble on later.” 

Those coins were worth about $42 at the time and more than $2 billion today, enough to make your stomach grumble! 

In many ways it was the most important transaction in Bitcoin’s history, even to this day. As Laszlo…

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