galaxy

IT Home cited a report from Money Today on October 8, stating that Samsung Electronics' Mobile Experience (MX) division plans to cut smartphone production, with a maximum reduction of 30% in the fourth quarter of 2026. Several IT industry insiders have indicated that Samsung's MX division has notified multiple partners to reduce product supply by 20% to 30%. IT Home noted that the original text did not specify whether this 30% is compared to the previous quarter, year-on-year, or against earlier expected production.In terms of production, Samsung Electronics originally planned to rely on new products like the Galaxy Z Fold8 to produce up to 270 million smartphones for the year. After the significant reduction in the fourth quarter, the final annual production is expected to drop to just over 200 million units, exceeding market expectations. IDC data shows that smartphone shipments in the first and second quarters of this year were 62.4 million and 62.7 million units, respectively, with previous forecasts predicting shipments of 59 million and 52 million units for the third and fourth quarters, indicating a decline of about 12% in the fourth quarter compared to the third quarter.Money Today reported that the rise in memory prices is the core driving factor behind the production cuts. TrendForce data shows that the price of 12GB low-power DRAM (LPDDR5X) for smartphones was $145 to $146 in the second quarter of this year, an increase of 175% compared to the same period last year. The report also stated that demand for artificial intelligence has driven up memory prices, with smartphone DRAM prices expected to rise by about 20% in the third quarter, reaching as high as $180. IT industry insiders stated that Samsung's current smartphone sales are no longer profitable, and the production cuts are a strategy to maintain overall profitability.

According to The Block, on October 7, Samsung announced that Samsung Wallet and Samsung Pay will support USDC transfers on Solana for cross-border remittances, covering 82 million Galaxy devices in the U.S. starting from the last week of October. This feature is built into Samsung Wallet and includes fiat withdrawal and recharge channels, rather than being a standalone crypto application.Users can send USDC to compatible external wallets, with the infrastructure of Solana and Sui running in the background, and the underlying framework collaborating with the U.S. licensed stablecoin custodian Bastion. Samsung does not charge transfer fees, but the receiving wallet or exchange may charge fees. The wallet also supports transfers to qualified bank accounts in over 60 countries, with funds arriving in the recipient's local currency.Coinbase will host USDC in Samsung Wallet through Coinbase Prime. Samsung plans to expand this service to more markets, provided it complies with local regulatory requirements.

Galaxy Research released a report titled "The Behavior of Polymarket Traders," with data compiled by Stork, based on approximately 2.9 million retail accounts defined by trading frequency on the Polymarket international platform. The report states that since its launch in 2020, the platform has facilitated 1.27 billion orders, involving 3.07 million wallets, with a nominal amount of 82.8 billion USD. 125,429 accounts that placed more than 50 orders on active days were excluded, accounting for 4.1% of accounts but contributing 80.8% of orders and 41% of nominal trading volume.The report shows that 69.2% of retail accounts are below breakeven, with total losses of 338.9 million USD. The median retail account lost about 3 USD, with half of the accounts falling between -36.64 USD and +0.40 USD. The proportion of accounts that did not trade again within 30 days after a loss is 15.2%, while after a profit it is 6.1%. The excluded automated accounts collectively made a profit of 246.8 million USD. The median position for profit-makers is 13.96 USD, while for loss-makers it is 10 USD.44.1% of traders concentrated over 60% of their activity on a single theme. Sports specialists account for 47% of all specialists, with a profit ratio of 25.1%, the lowest among all themes; technology and science specialists have a profit ratio of 41.2%. The report covers the entire history of the international platform and mentions that the platform will introduce taker fees in early 2026. At a price point of 50 cents, crypto market takers pay 1.75 USD for a position of 100 shares or 50 USD, accounting for approximately 3.5% of the invested capital.

According to monitoring by the head of Galaxy Research, the COLDCARD Seed Entropy theft incident has resulted in 1,830 BTC being stolen, involving three rounds of attacks and over 30 smaller related signs.A total of 256 victims have reported their situations to GLXY Research, with a median loss of 1.1 BTC, and the tracking of the attackers is still ongoing.

Galaxy Digital, a Nasdaq-listed digital asset company, has incorporated $100 million in Sky Protocol interest-bearing savings tokens sUSDS into its corporate treasury and included them in the collateral range for institutional business facing over 1,600 counterparties. Galaxy also purchased an undisclosed amount of SKY.Galaxy clients can use sUSDS as collateral for loans and continue to earn Sky Savings Rate yields during the loan term. The average loan size in Galaxy's institutional lending business is approximately $1.4 billion; the Sky ecosystem's Prime Agent Grove had previously provided a $500 million warehouse loan limit to it.

According to BBX data, yesterday global publicly listed companies in the U.S. stock market announced their latest accounts regarding digital asset treasury allocation, targeted private placements, and stock repurchases at a discount. The core updates are as follows:Galaxy Digital (TSX: GLXY) invested $100 million to purchase sUSDS and increased its holdings in SKY tokens: The well-known cryptocurrency financial services firm Galaxy Digital announced that it has utilized $100 million of its own funds to officially incorporate the interest-bearing stablecoin sUSDS from Sky Protocol into its corporate treasury. At the same time, Galaxy has approved sUSDS as compliant collateral for its institutional trading business, allowing institutional clients to apply for loans by pledging sUSDS while continuing to enjoy Sky's savings interest rate benefits. Additionally, Greg Feibus, the global head of capital markets at Sky Frontier Foundation, confirmed that Galaxy also purchased an undisclosed amount of SKY tokens. The two parties have established a new tripartite lending arrangement and are discussing expanding the existing $500 million warehouse financing limit.Forward Industries (NASDAQ: $FWDI) plans to raise $25 million through a registered direct offering, fully allocated to increase its holdings in SOL: The publicly listed company Forward Industries, which is part of the Solana treasury, announced that it has signed a securities purchase agreement with institutional investors to sell 3.125 million shares of common stock at a price of $8 per share through a registered direct issuance, raising a total of approximately $25 million (expected to complete settlement around September 24). A.G.P./Alliance Global Partners is acting as the exclusive placement agent. Forward Industries clearly stated that the net proceeds from this offering will be fully used to increase its holdings in SOL in the secondary market, to expand its SOL treasury size and enhance the per-share fully diluted SOL content.Silvia (formerly ProCap Financial, NASDAQ: $SVIA) reduced its holdings by repurchasing 124 BTC, bringing total holdings down to 5,130 BTC: The Nasdaq-listed company Silvia, under cryptocurrency entrepreneur Anthony Pompliano, announced that since September 15, it has repurchased an additional 2.3% of its circulating common stock at a market discount below net asset value (NAV). Since the repurchase program began, the cumulative repurchase ratio has reached approximately 14.5%. As of the market close on September 22, the company's circulating shares have been reduced to 82,881,223 shares, with the treasury holding approximately 5,130 BTC (a decrease of about 124 BTC from approximately 5,254 BTC on September 15), and the NAV per share is approximately $4.27. The company reiterated its firm commitment to selling some assets to repurchase shares until the secondary market trading price is no longer below NAV.

According to Onchain Lens monitoring, a certain whale transferred 42,000 ETH to Galaxy Digital about an hour ago, valued at approximately 112 million dollars, intending to sell.This whale has accumulated these ETH through over-the-counter trading with Galaxy Digital over the past two months.

Galaxy Research Director Alex Thorn posted on X: The U.S. spot Bitcoin ETP saw a net inflow of $1 billion yesterday, marking the largest single-day inflow of 2026 so far.Alex Thorn stated that this inflow has pushed the net flow positive for the first time since April this year. The accompanying image title is "Bitcoin ETF Fund Flow Turns Positive This Year."

According to The Block, Galaxy Digital announced that it has incorporated $100 million of the yield-bearing stablecoin sUSDS from Sky Protocol into its corporate treasury and approved it as collateral for institutional trading operations. Galaxy's lending head Max Bareiss stated that this purchase was made using the company's own balance sheet funds; as of June 30, Galaxy held nearly $2.5 billion in cash and stablecoins.As part of the collaboration, Galaxy also acquired an undisclosed amount of SKY tokens. Clients can now borrow by pledging sUSDS through Galaxy and continue to earn Sky savings rates during the loan period. Galaxy's institutional platform serves over 1,600 counterparties, with an average loan book of $1.4 billion.Sky stated that the supply of sUSDS reached $5.52 billion at the end of the second quarter, a year-on-year increase of 149%. The two parties previously had arrangements such as $500 million in warehouse financing provided by Grove and are currently discussing expanding that limit.

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 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.