Galaxy Digital Raising $250 Million to Offer Loans to Crypto Firms: Report
Galaxy Digital, the crypto merchant bank launched by former hedge fund manager Michael Novogratz, is reportedly raising $250 million to build a credit fund. It would offer loans in U.S. dollars to struggling crypto firms because the demand for credit is on the rise amid the current bear market.
Nasdaq CEO: Crypto Could Still Become ‘a Global Currency of the Future’
Adena Friedman, president and CEO of Nasdaq Inc., says that cryptocurrency “deserves an opportunity to find a sustainable future in our economy,” She stated that Nasdaq believes crypto will have a role in the future, characterizing “the invention itself as a tremendous demonstration of genius and creativity.”