Galaxy Digital Secures New York BitLicense for Institutional Crypto Operations
- Regulatory Approval: Galaxy Digital has received a BitLicense and Money Transmission License from the New York State Department of Financial Services, enabling its GalaxyOne Prime NY to provide services to institutional investors such as hedge funds and family offices, marking a significant milestone in the company's compliance-driven operations.
- Asset Management Scale: The trading platform currently oversees approximately $9 billion in client assets, encompassing hedge funds, registered investment advisers, and family offices operating in New York, further solidifying its position in the U.S. institutional capital market.
- Financial Performance Analysis: Despite recording a net loss of $216 million in Q1 2026, Galaxy's actual performance exceeded Wall Street projections, with total revenue reaching $10.2 billion, although down from $12.9 billion in the same period last year, demonstrating the company's resilience in adversity.
- Infrastructure Investment Expansion: Galaxy is expanding its infrastructure investments through its Helios Data Center in Texas, aiming to capture revenue streams related to artificial intelligence and high-performance computing, indicating the company's ongoing efforts in diversification strategies.
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Technical Analysis for STRK
Technical Sentiment Analysis for Starknet (STRK). As of , Starknet (STRK) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 5 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STRK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, STRK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Starknet (STRK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0227 | 0.031 | 0.0382 | 0.0465 | 0.0537 | 0.062 | 0.0692 |
| Fibonacci | 0.031 | 0.0369 | 0.0406 | 0.0465 | 0.0524 | 0.0561 | 0.062 |
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