gogopitti

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@TheOptionsPlug Source?

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@RobinhoodApp Merch🔥

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@BF6Informer Pc - would be nice

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@ge44476 Trevor 2.0

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@OGAlgoArts @YoYInvestor Why? What is your source?
$glxy reaffirmed on the earnings call that they are on schedule for phase 1.

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@RobinhoodApp My favourite thing are the new stock tokens🙌

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@stefanvanderlux I am also from Germany and my shares are currently not tradable (held on TR).

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@galaxyhq How does Galaxy plan to compete in the asset management business and grown AUM and fee based revenue?

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$glxy

[BDACS @BDACSKorea]

🚀 Exciting News: BDACS x Galaxy Partnership 🇰🇷🌐

We’re proud to announce a landmark partnership between @BDACSKorea and @galaxyhq, uniting two leaders in digital asset infrastructure to contribute to the next generation of institutional finance in Korea.

Together, we’re delivering scalable, compliant, and forward-looking digital asset services tailored to Korea’s evolving market. This strategic collaboration aligns with Korea’s regulatory roadmap and positions us to help drive the advancement of the region’s digital finance ecosystem.

The partnership will focus on co-developing institutional prime services for custody, staking, lending, and risk management; supporting the launch and operation of digital asset ETFs through proven global infrastructure; and advancing stablecoin policy innovation through joint research and implementation tailored for the Korean market.

We believe this is a positive step forward for the development of Korea’s institutional digital asset ecosystem — and just the beginning.

👉 Read the full press release here:
- English: https://t.co/r2Z4t9WLOB
- Korean: https://t.co/yF5enoLztl

#BDACS #GalaxyDigital #DigitalAssets #KoreaFinance #InstitutionalCrypto #Custody #Stablecoins #ETFs #Partnership #Web3 #CryptoInfrastructure

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@BeTheBeat That’s the company from our new CTO.

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@stefanvanderlux Could you enlighten us? :D

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@stefanvanderlux @galaxyhq @novogratz @cferraro06 @austorms Awesome find! Thanks for sharing :)

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@M3Marcel @novogratz This post should add some context.
But the mentioned cancellation of a few deals seems immaterial in context to the total amount Microsoft and other big player pledged to invest…

[Wall St Engine @wallstengine]

TD COWEN CHANNEL CHECKS INDICATE MICROSOFT CANCELING U.S. DATA CENTER LEASES, AMID POTENTIAL OVERSUPPLY

Analyst comments: "Our channel checks indicate that $MSFT has 1) canceled leases in the US, totaling 'a couple of hundred MWs' with at least two private data center operators, 2) has pulled back on the conversion of 500’s to leases, and 3) has re-allocated a considerable portion of its international spend to the US. When coupled with our prior channel checks, it points to a potential oversupply position for MSFT.

Our recent channel checks indicate that Microsoft has terminated select leases with at least two private data center operators across multiple U.S. markets, totaling a couple of hundred MW. Our checks indicate that in some situations, Microsoft is using facility/power delays as a justification for the termination. Recall, as we highlighted in our 2022 Takeaways from PTC, this is the same tactic that Meta used to cancel multiple data center leases in the U.S. after we learned in our checks that Meta had then canceled a $48B capex program related to the metaverse (Meta subsequently cut its capex guidance by $5.4B two weeks later).

Separately, our channel checks suggest that Microsoft has also pulled back on converting negotiated and signed Statement of Qualifications (500’s) (the precursor to a data center lease) into signed leases. To this point, it is currently unclear to us if this is simply a delay in 500-to-lease conversion or if it is an outright termination of the 500 with no conversion to leasing expected. For context, based on our checks, a 500 sets forth the terms and conditions for the lease and does not constitute a lease agreement. However, the conversion rate of 500’s into a signed lease is close to 100%, with data center operators using this as the signal to start data center construction. In addition, our channel checks indicate that Microsoft is also re-allocating a considerable portion of its projected international spend to the U.S., which suggests to us a material slowdown in international leasing.

Why is this happening?

While we have yet to get the level of color via our channel checks that we would like into why this is occurring, our initial reaction is that this is tied to Microsoft potentially being in an oversupply position. As we highlighted in our recent takeaways from PTC, we learned via our channel checks that Microsoft:

1. Walked away from multiple 100MW deals in multiple markets that were in early/mid-stages of negotiations.

2. Let +1GW of LOIs on larger footprint sites expire.

3. Walked away from at least five land parcels that it had under contract in multiple Tier I markets.

At the time, we also highlighted that the magnitude of both potential data center capacity it walked away from and the decision to pull back on land acquisition (which supports core long-term capacity growth) in our view indicates the loss of a major demand signal that Microsoft was originally responding to and that we believed the shift in their appetite for capacity is tied to OpenAI, which recent press reports appear to confirm.

To that point, consider this: Microsoft was the most active lessee of capacity in 2023 and 1H24, at which time it was procuring capacity relative to a capacity forecast that contemplated incremental OpenAI workloads. However, as we believe is indicated by its decision to pause construction on a data center in Wisconsin—which our prior channel checks indicated was to support OpenAI—there is capacity that it has likely procured, particularly in areas where capacity is not fungible to cloud, where the company may have excess data center capacity relative to its new forecast.

This is our interpretation of the current situation, however, our view is subject to change as we conduct incremental channel checks."

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@Vinyle_mobile @BitGo @mikebelshe “Galaxy and BitGo both see an incredible opportunity to further drive adoption of digital assets and remain committed to strategic collaboration despite ongoing legal proceedings, which are a separate matter.” (From the article you just reposted)

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@305_Capital @Franchise9494 @CreamyCapital15 @austorms @novogratz @cferraro06 They shouldn’t put any money in stock buybacks. The should focus on the Helios expansion and the other business lines. In my opinion buybacks wouldn’t be the best option for the use of capital right now.

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@maxxTFSA No problem at all :)

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@VfLBochum1848eV Wenigstens den Humor nicht verloren💪
In guten wie in schlechten Zeiten 💙🤍

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@joey_ccx @GaiminIo @CoinMarketCap Shit, okay just give me 9 month.