Month: March 2025

This move, while seemingly mundane to the uninitiated, is nothing short of a revolution for those who have long yearned for a regulated, accessible way to dabble in the enigmatic world of Avalanche (AVAX). Imagine, if you will, a world where institutional investors, those paragons of financial prudence, can now wade into the crypto waters without fear of losing their monocles. 🎩

Accusations include violating the Martin Act and Executive Law—which, FYI, are super serious-sounding laws that basically mean: “Don’t even THINK about being shady with financial stuff.” So yeah, not a great look for ol’ Galaxy Digital.

According to the New York Attorney General’s Office, Galaxy Digital snagged 18.5 million LUNA tokens at a 30% discount, then proceeded to hype them up like they were the next sliced bread. The kicker? They sold them without bothering to tell anyone they were cashing in. The filing, dripping with bureaucratic sarcasm, stated:

Gone are the days of relying on those pesky third-party custodians, who, like overzealous chaperones at a ball, insist on monitoring every move. APOLLO allows users to lock their genuine BTC and mint zBTC at a delightful 1:1 ratio—entirely on-chain, without the burdensome KYC nonsense. It’s as if Bitcoin has donned a new, dapper suit, ready to dance freely across the Solana floor, all while maintaining an air of transparency and security. Before the official curtain rose, APOLLO had already amassed a staggering $40 million in on-chain volume and minted 50 zBTC, proving that the audience was indeed clamoring for this performance! 💃

Well, well, what do we have here? A change in the winds, it seems, as Bitcoin’s little jaunt upwards has investors positively beaming. Santiment, that clever little scamp of an on-chain data outfit, has observed a rather dramatic drop in BTC’s supply on crypto exchanges. Reduced selling pressure, you say? Quelle surprise!