Galaxy Research
5 stories
Tether pushes USDT into private credit as defaults climb
Tether is moving USDT-backed financing into the $3 trillion private credit market through a new fund with Fasanara Capital, entering a sector facing rising defaults and investor redemption pressure
Stolen Coldcard Bitcoin Moves to Ethereum in $1.6M Cross-Chain Shift
A stash of 20.5 BTC linked to the 2026 Coldcard hardware wallet theft has been swapped into Ethereum using THORChain, turning a dormant case into an active cross-chain investigation with new on-chain evidence and security implications
Bitcoin ETFs Face First Institutional Bear Market as Liquidity Thins
Bitcoin's largest investment products are shrinking as ETF outflows accelerate and liquidity dries up, marking a new phase in the market's evolution where losses are distributed through regulated channels instead of high-profile failures
Coldcard Firmware Bug Drains $89M From Bitcoin Wallets
A March 2021 Coldcard firmware flaw let attackers steal about 1,367 BTC worth roughly $89 million from thousands of addresses. Researchers say vulnerable wallets remain at risk and urge immediate fund moves
Long-Term Bitcoin Holders Slow Selling as Dormant Coins Stay Put
Dormant Bitcoin movement reached its lowest point since 2022 in Q2, suggesting long-term holders are pausing major sales after significant profit-taking earlier in 2024 and 2025, according to Galaxy data