Ethereum

Celsius

Prime

Galaxy

Galaxy Digital Holdings Ltd. (TSX: GLXY) has significantly strengthened its position in Ethereum staking by&nbsp;<a style="text-decoration:none" href="https://www.wvnews.com/news/around_the_web/partners/pr_newswire/industry/blockchain/galaxy-expands-blockchain-infrastructure-capabilities-with-asset-acquisition-of-cryptomanufaktur/article_84a51d5c-a1a4-5536-a75c-8c1982393dd3.html">acquiring</a> nearly all assets of CryptoManufaktur LLC (CMF). The three-person engineering team of CryptoManufactur, led by its founder Thorsten Behrens, will join Galaxy's blockchain infrastructure team as part of the deal.&nbsp;
<blockquote>
 "Galaxy is rapidly expanding its blockchain infrastructure and staking capabilities,” Zane Glauber, Head of Galaxy's Blockchain Infrastructure team, said. “Our acquisition of CMF is an important milestone that significantly enhances our position as a leading technical partner to protocols and builders.”
</blockquote>
This acquisition aims to enhance Galaxy's Blockchain Infrastructure team, which offers staking and validator services to investors, protocols, and digital asset platforms.
&nbsp;
CryptoManufactur was established in 2020 to build infrastructure for Chainlink's blockchain oracle project. It later expanded into automated proof-of-stake node deployment infrastructure on Ethereum.&nbsp;
<h2 dir="ltr" id="span-span-increasing-ethereum-assets-under-stake-span-span">Increasing Ethereum Assets Under Stake</h2>
The deal elevates Galaxy Digital's ether assets under stake from approximately $2.3 billion to $3.3 billion, reflecting an addition of about $1 billion. This acquisition is part of Galaxy's broader strategy to strengthen its blockchain infrastructure, adding to its crypto trading and investment management services. Terms of the deal remain undisclosed.
&nbsp;
Worth noting, last February, Galaxy Digital&nbsp;<a style="text-decoration:none" href="https://x.com/lookonchain/status/1759813023861260795?s=20">acquired</a> 26,000 ETH worth $76.2 million from Coinbase Prime and Binance, signaling its intent to consolidate its crypto holdings and staking capabilities.
&nbsp;
In December 2022, Galaxy Digital won an auction to buy self-custody platform GK8 from the bankrupt crypto lender Celsius Network. This acquisition highlighted Galaxy's strategy to identify and acquire valuable assets from distressed companies in the crypto industry. The recent purchase of CMF aligns with this approach, enhancing Galaxy's technical infrastructure and staking portfolio.

Michael Novogratz’s Galaxy Digital Acquires $1B in Ethereum Staking Assets

目录

BSCN

发布于 2024年7月25日的其他文章

Machine Learning Algorithm Predicts Shiba Inu Price Will Rise 119% In 5 Days

Musk Empire Game Crossed 13 Million Users on Telegram

SEC Chairman Gary Gensler May Resign as Trump Readies for 2025 Presidential Term

SEC Chairman Gary Gensler May Resign as Trump Readies for 2025 Presidential Term

Bancolombia and Chainlink Collaborate to Secure Stablecoin Operations

TapSwap Daily Code for 26 July 2024: A Tap-to-Earn Game

订阅我们免费的电子期刊，获取每日最新加密领域动态！

Michael Novogratz’s Galaxy Digital Acquires $1B in Ethereum Staking Assets

目录

BSCN

发布于 2024年7月25日 的其他文章

Machine Learning Algorithm Predicts Shiba Inu Price Will Rise 119% In 5 Days

Musk Empire Game Crossed 13 Million Users on Telegram

SEC Chairman Gary Gensler May Resign as Trump Readies for 2025 Presidential Term

SEC Chairman Gary Gensler May Resign as Trump Readies for 2025 Presidential Term

Bancolombia and Chainlink Collaborate to Secure Stablecoin Operations

TapSwap Daily Code for 26 July 2024: A Tap-to-Earn Game

订阅我们免费的电子期刊，获取每日最新加密领域动态！

发布于 2024年7月25日的其他文章