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Galaxy Research Director Alex Thorn posted on X: Bitcoin's weekly close is above the 50-week moving average for the first time in 45 weeks.Alex Thorn stated that regaining the 50-week moving average has historically been a strong signal confirming bear market lows. Bitcoin has risen 29% in 35 days.

The U.S. Securities and Exchange Commission has released an "Innovation Exemption" to establish a pathway for on-chain secondary trading of tokenized stocks. This exemption will be implemented from September 17, 2026, to September 17, 2031, and applies to specific tokenized securities trading venues that provide licensed automated market makers and liquidity pools.Trading venues must be deployed on public, permissionless blockchains, but trading is limited to verified or authorized participants. Eligible tokens must correspond to actual U.S. national market system stocks and grant the same shareholder rights as traditional stocks; this exemption does not cover primary issuances, synthetic exposures, or products that do not have legal or beneficial rights to the underlying stocks. Galaxy stated that it is exploring the next steps to enable on-chain GLXY secondary trading.

Galaxy Research's latest report shows that after a cooling period in the first quarter, cryptocurrency venture capital activity rebounded in the second quarter of 2026. Venture capital firms invested approximately $5.6 billion in unlisted cryptocurrency and blockchain-related companies, involving 384 transactions. The total investment amount increased by 31% quarter-on-quarter, and the number of transactions grew by 10%, with the funding growth mainly driven by later-stage financing.Raising new funds remains challenging, with only 5 new cryptocurrency venture capital funds raising about $3.9 billion in the second quarter, marking the lowest number of newly established funds since the fourth quarter of 2019. Based on the investment pace in the first half of 2026, the total annual investment is estimated to be around $20.037 billion; this figure is slightly lower than the $20.3 billion for the entire year of 2025 but higher than most periods during the market downturn from 2023 to 2024.In terms of investment fund allocation, later-stage transactions accounted for about 77% of the share, early-stage transactions accounted for 15%, while seed and pre-seed transactions made up the remaining 7%. Startups based in the United States received 73.5% of the investment funds and accounted for 39.1% of all 384 transactions. Transaction, exchange, investment, and lending companies led with approximately $3.523 billion, comprising a total of 51 transactions.

Galaxy Digital CEO Mike Novogratz stated: If the Clarity Act fails to advance in the Senate vote on Tuesday, the United States may not achieve cryptocurrency legislation for a long time, or possibly never.Novogratz warned: Further delays may force more of the cryptocurrency industry offshore.

According to Catcher Predict monitoring on-chain data, it predicts significant capital movements in the Polymarket market. A large whale invested $244,000 in "Sporting CP vs. Galatasaray SK" event, specifically targeting "Sporting CP". Based on the current transaction price, the latest corresponding winning probability for this subject is 61%.

According to Onchain Lens monitoring, Galaxy Digital transferred 95,270 HYPE to Bybit and OKX in the past four hours, worth approximately 8.11 million USD, indicating a possible intention to sell.Among them, 36,420 HYPE was transferred to Bybit, worth about 3.1 million USD; 58,850 HYPE was transferred to OKX, worth about 5.01 million USD.

Galaxy Research posted on X that yesterday the daily transaction count for Bitcoin reached 893,391, marking the fourth highest single-day transaction count in Bitcoin's history, and this figure is above the 99th percentile of its historical range.

Galaxy Research published that the attackers in the Coldcard "Wave 3" attack are still continuously transferring the stolen funds. During this phase, the attackers created 293 2-of-2 multi-signature wallets for each victim's assets. The first batch of funds was transferred across chains to Ethereum via THORChain; the latest round of transfers has begun entering the CoinJoin mixing process.Currently, the Wave 3 attackers are processing the largest amounts of stolen funds in order of the stolen amount, having sequentially transferred the funds from wallets ranked 1 to 11. The next 10 wallets that have not yet been transferred hold a total of 30.81 BTC, while wallets ranked 61 to 293 hold a total of 33.77 BTC. So far, the attackers have transferred about 45% of the stolen assets from this exploit, with funds flowing to Ethereum (via THORChain) or entering CoinJoin mixing transactions. Additionally, this fund transfer has revealed a previously unknown wallet: 58 addresses jointly spent in a 2-of-2 multi-signature format identical to that of Wave 3, and these were further transferred by the Wave 3 attackers to a jump address that funds CoinJoin.The on-chain analysis team currently marks this wallet as "cause = open," but believes it likely also belongs to Coldcard victims, which means the number of wallets involved in Wave 3 may increase to 294, raising the previously reported total amount stolen from the Coldcard vulnerability to approximately 1806 BTC. Currently, about 82% of the stolen BTC remains in addresses initially controlled by the attackers, while about 18% has been transferred, with the flow of funds indicating that it may be undergoing laundering processes.

According to Onchain Lens monitoring, Wintermute (0xecb...2b00) holds a short position of 99.82 million dollars and a long position of 5.12 million dollars on Hyperliquid; Galaxy Digital (0xcac...26b3) holds a short position of 26.41 million dollars and a long position of 6.21 million dollars.The two combined hold a total of 126.23 million dollars in short positions and 11.33 million dollars in long positions. In the past 30 days, Wintermute has lost 15.3 million dollars, and Galaxy Digital has lost 5.96 million dollars.

According to monitoring by Galaxy's research director, the COLDCARD Wave 3 attackers have transferred stolen funds for the first time and exchanged them for ETH through the THORChain cross-chain DEX. This is the first on-chain transfer of funds from the original hacker address in Waves 1, 2, or 3.

According to monitoring by Galaxy's research director, Coldcard hackers are still active, and one hacker stole a key generated by increasing entropy through 5 dice rolls.

Samsung Electronics has launched the passport-type foldable smartphone Galaxy Z Fold8 this year, and the supply of display driver chips (DDI) is tight. The demand for Z Fold8 has exceeded expectations, and Samsung is increasing component orders. However, this DDI is designed by Samsung's System LSI Division and produced by Taiwan's foundry UMC using a 22-nanometer process, which has reached its production capacity limit, making it difficult to advance the production schedule.Industry insiders say that UMC's 22-nanometer production line is also manufacturing other chips, and Samsung's request for super urgent service was rejected. Samsung plans to prioritize the DDI quantity originally reserved for development next year for mass production this year. The typical time from wafer to finished product takes about 4 months, and the finished product is then assembled after being bonded with Samsung's OLED. Samsung is also increasing orders for hinges and ultra-thin glass (UTG). The demand for Z Flip8 is in line with lower expectations, and Apple also plans to launch a passport-type foldable product in the second half of this year.

On August 25, Galaxy launched the GalaxyOne Crypto Portfolio Line of Credit (PLOC) product for eligible U.S. customers. Users can pledge BTC, ETH, and SOL (including staked SOL) to borrow cash within a single revolving credit limit, without having to sell any crypto assets. The product has no initiation fees, features a variable annual interest rate of 8.99%, and a 50% initial loan-to-value ratio, meaning that $100,000 in pledged assets can borrow approximately $50,000.Galaxy stated that the value of the pledged assets will be continuously monitored, and warnings will be issued in advance if the assets decline; withdrawals are typically credited instantly, and funds can be used on the platform or withdrawn as USD and USDC stablecoins. The staked crypto assets will not be re-pledged or lent out, and staked SOL can continue to earn rewards while being used as collateral. Zac Prince, Managing Director of GalaxyOne, stated that with Galaxy's institutional infrastructure, they are able to launch this product with competitive rates, security, and flexibility.This product is offered by GalaxyOne Lending LLC in 40 states, excluding California, Delaware, Idaho, Indiana, Minnesota, Mississippi, Missouri, Nevada, and South Dakota. This move is seen as an attempt to restart retail crypto lending on a regulated track after the collapses of Celsius, BlockFi, and Voyager in 2022, contrasting with the model of freezing customer funds and forced liquidations that year.

Galaxy Research tracked and found that 6 Bitcoin wallets that have been inactive since 2011, 2012, and 2014 transferred a total of 553.59 Bitcoins between August 16 and 26, valued at 40.15 million dollars based on the price at the time of transfer. Two of the wallets are tagged with "Salomon Client Dusted," related to the Noah Doe lawsuit in New York.One of the transfers involved 40 Bitcoins, with the wallet having been dormant since May 28, 2012. The funds were transferred to the German cryptocurrency custody bank Boerse Stuttgart Digital on August 26. Based on a cost of about 5 dollars, this fund has increased by approximately 1,535,911%. The remaining transfers included 212, 150, and 132.31 Bitcoins, respectively from long-inactive wallets from 2012, 2014, and 2011. The Noah Doe lawsuit involves a request to declare 39,069 dormant Bitcoin addresses in New York as lost property, and some long-term holding addresses transferred funds after the Coldcard hardware wallet vulnerability incident in July.

According to The Block, Galaxy has launched a portfolio credit product backed by crypto assets, allowing eligible GalaxyOne clients to borrow cash using BTC, ETH, and SOL as collateral without selling their holdings.This revolving credit line uses a combination of qualified assets as collateral, enabling clients to obtain liquidity for daily expenses or investment needs while continuing to hold their crypto assets.

According to Cointelegraph, Galaxy Research has updated the tracking data of the Coldcard hardware wallet attack, confirming that 1,789.28 BTC (worth approximately $114.7 million at the time of the incident) was stolen from 8,865 addresses. Alex Thorn, head of Galaxy Research, stated that 87.3% (approximately 1,561 BTC) remains unspent in addresses controlled by the attackers, with all Bitcoin stolen in the first three waves of attacks still untouched.In subsequent attacks, some Bitcoin has been transferred through CoinJoin mixing transactions and small splits. The statistics are based on 221 victim reports, covering losses of 790.72 BTC, with a median loss of 1.04 BTC, and more than half of the reports involve losses exceeding 1 BTC. Galaxy has shared the attackers' addresses with exchanges, compliance companies, and law enforcement agencies, hoping that funds can be frozen when they flow into centralized intermediaries.

Galaxy Research tweeted that its running Bitcoin Core v29 node observed an orphan block at block height 963,853. Relevant monitoring screenshots have been released.An orphan block typically refers to a valid block that was not adopted by the longest chain due to reasons such as network propagation delays or miners producing blocks almost simultaneously. This event was captured in real-time by the node of Galaxy Research and disclosed to the public.

The research director of Galaxy posted on the X platform stating that even with a high probability of witch nodes, the peak proportion of BIP-110 nodes is only about 20% of the entire network.He mentioned that it is quite ridiculous to see Mechanic and others so shocked by the failure of BIP-110; even accounting for this approximately 20%, its hash power proportion is still far from sufficient, the scale of hash power is very small, and the node proportion is only about one-fifth, still a long way from the target.

According to Catcher Predict monitoring, in the predicted market Polymarket for the event "Dota 2: Nigma Galaxy vs BoomBoys - International Invitational Playoffs," the "Nigma Galaxy" option in the sub-market "Game 2 Winner" has experienced significant fluctuations in winning probability, soaring from 40.5% an hour ago to the current 64.5% (a fluctuation of 24%). Please note the impact of related breaking news.