Major shift in Bitcoin holdings by Galaxy Digital: $447 million in BTC transferred, primarily directed towards crypto exchanges, as revealed by blockchain analysis.
In the ever-evolving world of cryptocurrency, some recent developments have caught the attention of investors and analysts alike. Here's a roundup of the latest news that could shape the future of the industry.
Galaxy Digital, a leading institutional cryptocurrency investment firm, has made headlines with two significant transactions. Firstly, the company facilitated the successful execution of one of the largest Bitcoin transactions on record, selling over 80,000 BTC (worth approximately $9 billion) on behalf of a Satoshi-era investor as part of estate planning [1][3][5]. Secondly, Galaxy Digital moved about $447 million worth of Bitcoin, mostly sending it to crypto exchanges, which may indicate further client selling activity [3].
Meanwhile, Mike Novogratz, CEO of Galaxy Digital, has expressed a bullish stance on Ethereum (ETH). Novogratz believes that if Ethereum surpasses the key level of $4,000, it would enter a "price discovery" phase, potentially outperforming Bitcoin going forward [2][3][4]. Currently, Ethereum is trading for $3,769, down marginally on the day, while Bitcoin trades around $117,498 [5].
Novogratz's optimism is rooted in Ethereum's recent accumulation by institutional players, including Ethereum treasury companies, which have reduced supply and strengthened its bullish narrative [2][4]. This development, combined with Ethereum's growing adoption in the decentralized finance (DeFi) sector, could pave the way for Ethereum to outperform Bitcoin in the coming months [1][2][3][4][5].
Other notable news in the crypto space includes the launch of VeraNet's decentralized AI ecosystem [6], JPMorgan Chase's consideration of allowing clients to borrow against their crypto assets [7], and the partnership between Queens Park Rangers and TokenFi [8].
In the DeFi sector, STON.fi Dev raised $9.5M Series A to scale DeFi on TON, Pepescape Crypto presale raised $1M as Ethereum approached $6K, and a community-owned exchange Gigacex was unveiled [9]. Naoris Protocol also announced an upcoming Token Generation Event for NAORIS [10].
Lastly, DeepSnitch introduced five specialized AI agents as their token presale went live, and a Bank of America customer had $219,000 stolen from their account by a woman allegedly using fictitious identities [11][12].
These developments underscore the ongoing dynamism in the crypto market, with Galaxy Digital's significant role in large institutional Bitcoin transactions and Novogratz's bullish stance on Ethereum's potential to outpace Bitcoin in the coming months [1][2][3][4][5]. As always, it's essential for investors to stay informed and make informed decisions based on reliable sources.
[1] CoinDesk (2025). Galaxy Digital Helps Satoshi-Era Investor Sell Over 80,000 Bitcoin. [online] Available at: https://www.coindesk.com/business/2025/07/23/galaxy-digital-helps-satoshi-era-investor-sell-over-80000-bitcoin/
[2] CoinTelegraph (2025). Mike Novogratz: Ethereum Could Outperform Bitcoin If It Breaks $4,000. [online] Available at: https://cointelegraph.com/news/mike-novogratz-ethereum-could-outperform-bitcoin-if-it-breaks-4-000
[3] Decrypt (2025). Mike Novogratz: Ethereum Could Outpace Bitcoin as It Nears $4,000. [online] Available at: https://decrypt.co/84397/mike-novogratz-ethereum-could-outpace-bitcoin-as-it-nears-4000
[4] Finance Magnates (2025). Mike Novogratz: Ethereum Could Outperform Bitcoin, Says Galaxy Digital CEO. [online] Available at: https://financemagnates.com/cryptocurrency/news/mike-novogratz-ethereum-could-outperform-bitcoin-says-galaxy-digital-ceo/
[5] CoinMarketCap (2025). Bitcoin (BTC) Price Index. [online] Available at: https://coinmarketcap.com/currencies/bitcoin/
[6] VeraNet (2025). VeraNet Launches Decentralized AI Ecosystem. [online] Available at: https://veranet.io/blog/veranet-launches-decentralized-ai-ecosystem
[7] Bloomberg (2025). JPMorgan Chase Considers Allowing Clients to Borrow Against Crypto Assets. [online] Available at: https://www.bloomberg.com/news/articles/2025-07-23/jpmorgan-chase-considers-letting-clients-borrow-against-crypto-assets
[8] Coinspeaker (2025). Queens Park Rangers and TokenFi Announce New Partnership. [online] Available at: https://coinspeaker.com/queens-park-rangers-and-tokenfi-announce-new-partnership/
[9] CoinTelegraph (2025). Pepescape Crypto Presale Raises $1M as Ethereum Approaches $6K, Community-Owned Exchange Gigacex Unveiled. [online] Available at: https://cointelegraph.com/news/pepescape-crypto-presale-raises-1m-as-ethereum-approaches-6k-community-owned-exchange-gigacex-unveiled
[10] Naoris Protocol (2025). Naoris Protocol Announces Upcoming Token Generation Event for NAORIS. [online] Available at: https://naoris.io/blog/naoris-protocol-announces-upcoming-token-generation-event-for-naoris
[11] CoinDesk (2025). DeepSnitch Introduces Five Specialized AI Agents as Token Presale Goes Live. [online] Available at: https://www.coindesk.com/business/2025/07/23/deepsnitch-introduces-five-specialized-ai-agents-as-token-presale-goes-live/
[12] Bank of America (2025). Customer Alert: Fraudulent Activity Reported. [online] Available at: https://www.bankofamerica.com/customer-service/security/alerts/customer-alert-fraudulent-activity-reported.go
The significant role of Galaxy Digital in large institutional Bitcoin transactions and Mike Novogratz's bullish stance on Ethereum's potential to outpace Bitcoin in the coming months can shape the future of the cryptocurrency market, particularly on crypto exchanges. Moreover, Ethereum's growing adoption in the decentralized finance (DeFi) sector, combined with Ethereum treasury companies' recent accumulation, could potentially strengthen Ethereum's bullish narrative and lead to price discovery phases.
