Galaxy Digital Reports $241M 2025 Loss as Core Operations Generate $505M Gross Profit
Galaxy Digital reported a net loss of $241 million for the 2025 fiscal year. The loss was mainly tied to unrealized losses on digital asset and investment positions, while core operations remained profitable. Galaxy also received approval to expand the Helios data center to 1.6 GW and signed a long-term deal to supply 800 MW to CoreWeave.
Bessent, Powell Hold Urgent Bank CEO Talks Over Anthropic's Mythos AI Risk
Treasury Secretary Scott Bessent and Fed Chair Jerome Powell held urgent talks Tuesday with CEOs of major U.S. banks about cybersecurity risks tied to Anthropic's Mythos AI model. The participants included Citigroup, Morgan Stanley, Bank of America, Wells Fargo, and Goldman Sachs. Anthropic has limited Mythos to a small group of large technology and financial firms under Project Glasswing.
Whale Opens $74.5M Crude Oil Short on Hyperliquid, Sitting on About $1.2M Unrealized Profit
Crypto analyst Yu Jin said a whale or institution opened a crude oil short worth about $74.47 million on Hyperliquid and was sitting on about $1.2 million in unrealized profit. The position was split between about 399,000 barrels of WTI crude oil and about 390,000 barrels of Brent crude oil.
Polymarket Bulls Spread Bet Turns $190,000 Profit After $4.3M Losses
A Polymarket account that had lost more than $4.3 million made about $190,000 on a single Bulls spread bet after Chicago covered against Washington. Odaily Seer Channel said the account bought about $150,000 on Bulls -5.5 at around 56¢ and about $40,000 on Bulls -6.5 at around 50.9¢.
Bitmine Starts Trading on NYSE, Expands Share Buyback to $4B
Bitmine began trading on the New York Stock Exchange on Thursday and raised its share repurchase program to $4 billion from $1 billion. The Ether treasury company kept its BMNR ticker after moving from NYSE American. Bitmine chairman Tom Lee said the listing is a major milestone, and the board said the larger buyback gives the company more flexibility if shares trade below intrinsic value.
CIA plans AI "co-workers" for intelligence analysis and spy detection
The CIA said it plans to embed classified AI "co-workers" into all analytic platforms within the next couple of years to help analysts detect spies and assess foreign threats. CIA deputy director Michael Ellis said humans will keep making the key decisions, and the agency tested about 300 AI projects last year.
A wallet presumed to be linked to Metalpha moved $15.8 million in ETH to Binance. Onchain Lens said the address is linked to the Hong Kong-based digital asset management firm.
OKX Founder Rejects Changpeng Zhao’s $1B Bet Over Divorce Dispute
OKX founder Xu Mingxing rejected a $1 billion bet proposed by Binance founder Changpeng Zhao after Xu questioned Zhao's marital status. Xu said OKX's compliance culture and UAE law do not permit gambling, and he alleged that Zhao spread false information about him in an autobiography and interviews.
WLFI said its upcoming governance proposal would release tokens in phases instead of unlocking all tokens at once. WLFI said the long-term vesting plan is aimed at early retail purchasers and is designed to support stable ecosystem development.
U.S. stocks closed higher overall, while crypto-linked stocks were mixed and CRCL fell more than 9.34%. COIN dropped more than 3.47%, while MSTR rose more than 0.44% and MARA gained more than 1.79%.
Gold fell to $4,758.37 per ounce in Gate's latest multi-asset market roundup, down 0.15% on the day. BVIX and EVIX both declined, while WTI crude oil rose to $98.72 per barrel.
OpenAI said it will launch a $100-per-month ChatGPT Pro plan with higher Codex usage limits than ChatGPT Plus for intensive coding use cases. During a limited-time promotion through May 31, Pro users will get about 10 times the Codex usage of Plus users.
Star and CZ Clash Again Over Divorce and Binance Share Division Claims
Binance founder CZ challenged OKX founder Star with a $1 billion bet after Star accused CZ of lying about his divorce and Binance share division. Star said CZ did not legally divide Binance shares in the divorce. CZ said the divorce is official and said lawyers can verify the agreement.
The Bank of Korea kept its key interest rate at 2.50%, marking a seventh straight hold. The central bank had already left the rate unchanged from July to November last year, and again in January and February.
World Liberty Financial denies liquidation risk, plans WLFI unlock proposal
World Liberty Financial denied liquidation risk around its loan positions and said it bought back about 435 million WLFI for $65.58 million over the past six months. The company said it can add collateral if needed and is generating about $160 million in annualized return on USD1. World Liberty Financial also said it plans to soon release a governance proposal to unlock tokens for early investors amid rumors tied to more than $50 million in USD1 borrowing from Dolomite.
Covenant AI opuszcza Bittensor, wskazując na obawy dotyczące centralizacji zarządzania
Covenant AI powiedział, że wycofuje się z Bittensor po zakwestionowaniu struktury zarządzania siecią i roszczeń dotyczących decentralizacji. Covenant AI stwierdził, że władza zarządzająca pozostaje skoncentrowana w rękach kilku osób, a proces podejmowania decyzji brakuje przejrzystych procesów i konsensusu społeczności. Covenant AI dodał również, że jego subnet napotkał zawieszenie dystrybucji nagród, zmiany uprawnień i zmiany infrastrukturalne podczas ostatnich operacji.
Galaxy Digital Reports $241M Full-Year Net Loss, Core Business Turns Profitable
Galaxy Digital reported a full-year net loss of about $241 million. Galaxy Digital said unrealized losses on digital asset and investment positions drove the result. Galaxy Digital reported about $216 million in adjusted EBITDA, which reflected core operating profitability under non-GAAP standards.
Polymarket odds for Taylor Swift and Travis Kelce to marry before June 30 fell to 19%, down 45% in 24 hours. Earlier rumors pointed to June 13 in Rhode Island, but Page Six reported the wedding is scheduled for July 3 in New York.
CoinMarketCap's Altcoin Season Index rose one point from yesterday to 35. CoinMarketCap defines altcoin season as a period when 75% of the top 100 cryptocurrencies outperform Bitcoin over the preceding 90 days.