Galaxy Grid

Galaxy Research

Every week, Galaxy Research unpacks the stories shaping crypto. From market moves to protocol updates to policy shifts, our team explains what happened, why it matters, and how it fits into the bigger picture.

  1. 6D AGO

    Washington Delivers Clarity as Hyperliquid Pushes Into IPO

    In this week's episode of Galaxy Grid, the hosts break down a massive week for crypto markets and U.S. policy. The crew unpacks Bitcoin's recent pullback amidst hot inflation data, contrasted by relentless accumulation from corporate heavyweights like MicroStrategy and Bitmine. On the regulatory front, Alex provides an inside look at the historic bipartisan advancement of the Clarity Act through the Senate Banking Committee, outlining the remaining hurdles before it can become law. Finally, the team explores the successful resolution of the Aave and KelpDAO exploit, alongside Hyperliquid's aggressive market expansion—highlighting their new SpaceX pre-IPO perpetuals and deepening ties with the Circle and Coinbase ecosystem. Participants, along with Galaxy Digital, hold a financial interest in Aave, Bitcoin (BTC), Hyperliquid, and Zcash (ZEC). Galaxy regularly engages in buying and selling BTC and ZEC, including hedging transactions, for its own proprietary accounts and on behalf of its counterparties. Galaxy also provides services to vehicles that invest in BTC and ZEC.  If the value of such assets increases, those vehicles may benefit, and Galaxy’s service fees may increase accordingly. The valuation in this communication is based on technical, fundamental, and market analysis and not on any formal valuation method. For more information, please refer to Galaxy’s public filings and statements. Cryptocurrencies, including BTC and ZEC, are inherently volatile and risky and ultimate market movements may not align with this statement.   For additional risks related to digital assets, please refer to the risk factors contained in filings Galaxy Digital Inc. makes with the Securities and Exchange Commission (the “SEC”) from time to time, including its Quarterly Report on Form 10-Q, available at www.sec.gov.   This episode was recorded on 5/16/26 Keep in touch: ▸ Follow us on Twitter: https://x.com/galaxyhq & https://x.com/glxyresearch ▸ Read our research at https://www.galaxy.com/research ▸ Subscribe to receive Galaxy Research's weekly newsletter: https://www.galaxy.com/subscribe-to-r... This video, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at https://www.galaxy.com/galaxy-digital...

    46 min
  2. MAY 5

    PumpFun Burns $370 Million, Hyperliquid Launches Prediction Markets, and the CLARITY Act Progresses

    This week on Galaxy Grid, the hosts break down a massive week in crypto, starting with Bitcoin surging past the $80k mark amidst ongoing geopolitical tensions in the Strait of Hormuz. Alex shares boots-on-the-ground insights from the Bitcoin Vegas conference, including the latest debates surrounding quantum threats and Satoshi's legacy coins. The crew then analyzes Pump.fun's dramatic decision to burn $370 million of its token supply and pivot to a 50% programmatic buy-and-burn model, sparking a wider debate on the effectiveness of token buybacks. Next, they explore Hyperliquid's launch of HIP-4 outcome markets and how the platform is challenging Deribit in the zero-DTE options space. Finally, the team dissects the bizarre temporary restraining order targeting the Arbitrum DAO over recovered exploit funds and provides an optimistic timeline for the Clarity Act's upcoming Senate markup. This episode was recorded on 4/5/26 Participants, along with Galaxy, hold a financial interest in Hyperliquid and Pump.fun (PUMP). Galaxy regularly engages in buying and selling PUMP, including hedging transactions, for its own proprietary accounts and on behalf of its counterparties. Galaxy also provides services to vehicles that invest in PUMP.  If the value of such assets increases, those vehicles may benefit, and Galaxy’s service fees may increase accordingly. The valuation in this communication is based on technical, fundamental, and market analysis and not on any formal valuation method. For more information, please refer to Galaxy’s public filings and statements. Cryptocurrencies, including PUMP, are inherently volatile and risky and ultimate market movements may not align with this statement.   For additional risks related to digital assets, please refer to the risk factors contained in filings Galaxy Digital Inc. makes with the Securities and Exchange Commission (the “SEC”) from time to time, including its Quarterly Report on Form 10-Q, available at www.sec.gov. Keep in touch: ▸ Follow us on Twitter: https://x.com/galaxyhq & https://x.com/glxyresearch ▸ Read our research at https://www.galaxy.com/research ▸ Subscribe to receive Galaxy Research's weekly newsletter: https://www.galaxy.com/subscribe-to-r... This video, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at https://www.galaxy.com/galaxy-digital...

    46 min

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Every week, Galaxy Research unpacks the stories shaping crypto. From market moves to protocol updates to policy shifts, our team explains what happened, why it matters, and how it fits into the bigger picture.