Galaxy Digital Has Excess Capital After Acquisitions, Needs To Get Them Right Before Spending Again; Ordinals Creator Slams Yuga Labs for “Degenerate” Bitcoin NFT Auction; TeraWulf Starts Nuclear-Powered Bitcoin Mining With Nearly 8,000K Rigs at Nautilus Facility; Dogecoin Drops 10% on the Week as Elon Musk Turns Attention to AI

Galaxy Digital has leftover capital after its two infrastructure acquisitions late last year, but plans on getting it right with those first investments, co-president Chris Ferraro said.

Various crypto businesses distanced themselves from Silvergate following its decision to postpone the submission of its annual 10-K report to the Securities and Exchange Commission (SEC).

Investment manager ARK has added a total of around $13.2 million worth of Coinbase (COIN) shares.

Mike Novogratz's crypto-focused financial services firm Galaxy Digital has closed its acquisition of institutional self-custody platform GK8 more than two months after winning an auction to buy the company from bankrupt crypto lender Celsius.

Mike Novogratz, the CEO and founder of Galaxy Digital Holdings Limited, said Wednesday that Bitcoin could close the quarter at $30,000, citing the fear of missing out (FoMO) among investors and the general excitement around the flagship crypto.

Chaos Labs, a blockchain risk analytics firm whose team includes former members of the Israeli special forces, announced on Tuesday that it’s received $20 million in seed funding in a round led by PayPal Ventures and Galaxy Digital.

Amazon’s Alexa Fund, the venture capital arm of the tech giant, has led a $20 million Series A-4 funding round for the 3D character studio Superplastic, which creates “synthetic celebrities,” vinyl toys, and has previously released NFT collections on Ethereum and partnered with big brands like Gucci and Epic Games’ “Fortnite.”

Galaxy Bahamas, a subsidiary of Mike Novogratz's crypto investment firm, received approval from the Securities Commission of The Bahamas in December for registration as a digital asset business under its Digital Assets and Registered Exchanges Act of 2020. 

Mike Novogratz says that ‘the toxic masculine side’ of him wants to punch Sam Bankman-Fried and DCG’s Barry Silbert in the jaw for their roles in the events that have haunted the crypto industry.