In an interview with Cointelegraph, Galaxy Digital’s head of research explains why Bitcoin is at a pivotal moment, and what could define its next downturn.
Investments News

Investing in cryptocurrency is a high-risk/high-reward activity, whether that entails day-trading in the open market, buying into institutional investment funds or investing in particular blockchain enterprises.
In recent years, the blockchain space has attempted to disrupt venture funding and investment through a particularly powerful use case in crowdfunding. An influx of hype and amateur investment reached a peak during the 2017 to 2018 initial coin offering, or ICO, bubble in which projects raised billions of dollars in return for assets of questionable value or utility, quickly putting the industry in the sights of the United States Securities and Exchange Commission and similar regulatory authorities.
There is ongoing discourse on and experimentation in how to fund open-source protocol development that doesn’t involve the traditional route of venture capital and that better aligns the incentives of all stakeholders, from the developers to the users.
Seeing where investment capital is going in the space can provide a gauge of market sentiment around industry trends and potential high-growth areas.
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Bitcoin may still be on track to $200,000 before the end of the year despite the recent market crash, but a lack of ETF buying continues to limit upside potential.
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This could make Bitcoin and Ether more attractive to institutional investors seeking to maximize the utility of their assets.
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Corporate crypto treasuries have attracted about $800 billion from retail investors, mainly at the expense of altcoins, according to 10x Research.
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The FET token’s price fell by over 93% since the merger of the Artificial Superintelligence Alliance, a drop that is unrelated to Ocean Protocol’s actions, according to its founder.
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Latin Americans are using stablecoins and crypto to combat inflation and access banking services where traditional systems have failed, according to the co-CEO of Bybit LATAM.
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Russian oil companies have increasingly relied on digital assets and crypto platforms to circumvent financial sanctions, according to the European Commission.
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Polymarket continues to expand its mainstream reach with new partnerships, teaming up with DraftKings, the NHL and OpenAI’s World project.
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ARK Invest-backed Quantum Solutions is now the largest Ether treasury outside of the US and has a 100,000 ETH treasury target.
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The firm behind the Hyperliquid merger has filed to raise $1 billion via a stock sale, aiming to expand its crypto treasury and strengthen exposure to HYPE tokens.
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Polymarket will act as a clearinghouse for DraftKings’ upcoming prediction market platform, following its acquisition of Railbird earlier this week.
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Citadel disclosed multimillion-dollar stakes in DeFi Development Corp., signaling rising institutional interest in Solana-linked assets.
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DeepSeek was the only AI model to generate a positive return on Wednesday, despite having the smallest development budget among its peers.
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Hayes previously predicted that Bitcoin’s price would soar to $250,000 when the Bank of Japan pivoted to quantitative easing measures.
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The acquisition marks FalconX’s third major deal of 2025, following its purchases of crypto derivatives platform Arbelos Markets and a majority stake in Monarq.
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