DeFi News Daily Official TheBitTimes.com

Galaxy Digital’s CEO, Mike Novogratz, emphasizes the transformative potential of a spot bitcoin ETF in rejuvenating institutional interest. Despite the hurdles faced by the crypto industry in 2022, mainly underscored by the collapse of FTX, Galaxy Digital remains optimistic about the future of Bitcoin and the broader crypto space. CEO Mike Novogratz highlighted during the company’s recent Q2 earnings call that a spot Bitcoin ETF might become the beacon of hope that revives institutional interest in the sector. Lately, there has been widespread speculation about the government’s position on Bitcoin(BTC). Yet, the possible green light for a Bitcoin ETF might be perceived as an implicit nod of approval, bolstering confidence and involvement in the industry. Such a fund would streamline the process for various institutional players, from pension funds to asset managers, to invest in this volatile yet promising domain. Galaxy Digital CEO Mike Novogratz calls Coinbas...

The Delaware Court of Chancery has granted a motion by Galaxy Digital, resulting in the dismiss al of BitGo’s case following the abandoned acquisition. Vice chancellor J. Travis Laster affirmed that Galaxy Digital had the right to terminate the acquisition of BitGo, asserting a “clean termination right” in their decision announced in 2022. Complaint dismissed According to official court documents filed on June 9, vice chancellor J. Travis Laster dismissed BitGo’s complaint against Galaxy Digital, imposing a dismissal with prejudice. This decision comes after Galaxy Digital withdrew its intent to acquire BitGo in August 2022 as part of a substantial $1.2 billion deal.  We’re pleased with the court’s decision to dismiss BitGo’s claims. Now is the time for all of us to work together and focus on the task at hand: Upgrading the global financial system in a manner that promotes innovation and protects investors and consumers alike. pic.twitter.com/xPrMP8AghW ...