GLD Joins $100 Billion Club

5. Galaxy Ventures Eyes $175 Million+ Raise

Galaxy Digital’s venture arm has reportedly surpassed its goal of raising $150 million to invest in early stage crypto startups. The fund now expects to raise $175-180 million to invest in ~30 companies with a strong focus on payments and stablecoins.

4. Sweeping DOJ Memo Signals Turning Point

The DOJ notified staff that the agency was disbanding a unit dedicated to crypto-related investigations stating: “The Department of Justice is not a digital assets regulator. However, the prior administration used the Justice Department to pursue a reckless strategy of regulation by prosecution.” The memo directs DOJ employees to spend their time “prosecuting individuals who victimize digital asset investors.”

3. GLD Joins $100 Billion Club

In February 2024, while all eyes were on BTC ETFs and the Twitterati were screaming about the failure of gold, we penned a piece titled: Don't Fall for the Bitcoin vs. Gold Trap. Flash forward a little over a year and gold (and gold ETF inflows) is hitting all time highs.

2. Stablecoins > Visa

On Wednesday, we pointed readers to a new report from Bitwise about where crypto is still growing. Today, we just want to zoom on one piece in particular: Stablecoin transactions. See that in the chart below? That’s right, in 2024 stablecoin transactions surpassed Visa payments. Crypto is here to stay.

1. Janover Buys 163k SOL, Rebrands to DeFi Corp, Announces Staking Deal With Kraken

A group of former Kraken executives has acquired a majority stake in Nasdaq-listed Janover $JNVR ( ▲ 8.23% ) with plans to rename the company to DeFi Development Corporation. The company over the past few months has begun acquiring SOL with the goal of creating a treasury. As of this week they’ve acquired 163k+ SOL (valued at over $21 million) and announced a new staking partnership with Kraken.