8 days ago
Galaxy Digital is moving closer to its long-awaited U.S. stock market debut after the Securities and Exchange Commission approved the company’s registration statement. According to the company’s official statement on Apr. 7, the approved Form S-4 relates to Galaxy’s previously announced plan to shift base from the Cayman Islands to Delaware and establish a new U.S.-based holding company, Galaxy Digital Inc. (“New Pubco”). Under the reorganization, existing shareholders will receive shares of New Pubco’s Class A common stock on a one-for-one basis, with no change in economic interest or voting power. The firm intends to list the Class A shares on the Nasdaq Global Select Market under the ticker symbol “GLXY.” To finalize the reorganization, Galaxy has scheduled a special shareholder meeting for May 9, 2025. Shareholders on record as of Apr. 7 are eligible to vote. If approved, the reorganization and listing are expected to be completed by mid-May, pending a final sign-off from the Toronto Stock Exchange, where Galaxy is currently listed. Following the transaction, Galaxy Digital Inc. will remain listed on the TSX for a transitional period, allowing dual listing of shares across the U.S. and Canadian markets. You might also like: Galaxy Digital secures FCA license CEO Mike Novogratz called the development “an important milestone” and noted that the transition supports Galaxy’s broader mission to scale digital asset services and artificial intelligence infrastructure in regulated U.S. markets. “This marks an important milestone for Galaxy, as we take a significant step toward advancing our mission of driving innovation and growth across digital assets and artificial intelligence infrastructure. We look forward to completing the transaction this quarter.” — Mike Novogratz, Galaxy Digital CEO To assist in overseeing the shareholder voting procedure, Galaxy has enlisted the help of TMX Investor Solutions Inc. A document detailing the reorganization, its rationale, and voting procedures will soon be sent to shareholders. Galaxy Digital is known for offering institutional-level cryptocurrency services, including trading, asset management, and tokenization. The business, which has grown across North America, Europe, and Asia, has also made large investments in high-performance computing infrastructure and AI. Read more: NYAG reaches $200m settlement with Novogratz’s crypto bank Galaxy Digital over LUNA sales
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Crypto Takes Off in Panama: City to Accept Bitcoin, Ethereum for Public Services
Panama City’s council is all set to accept cryptocurrency payments for taxes, fees, tickets, and permits. The decision, announced on April 16th, marks a significant step in Panama’s integration of digital currencies into everyday public services. The city will initially accept major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), as well as stablecoins like USD Coin (USDC) and Tether (USDT). Unlike past efforts where attempts to push similar legislation failed in the Senate, the city found a creative solution to bypass the need for new laws. According to the official announcement by Mayor Mayer Mizrachi Matalon on X, public institutions are required to receive funds in US dollars. However, by partnering with a local bank, Panama City will handle crypto transactions by converting the payments into dollars on the spot. This partnership ensures that cryptocurrency can flow freely within the economy and government while maintaining legal compliance, Mizrachi added. “Panama City council has just voted in favor of becoming the first public institution of government to accept payments in crypto.” This latest development comes on the heels of a proposed regulatory framework for cryptocurrencies, unveiled by Panama’s government earlier this year. The draft bill aims to regulate digital assets and create a legal structure for blockchain-based services, positioning Panama as a leader in fintech innovation in Latin America. Besides cryptocurrencies like Bitcoin and Ethereum being officially recognized for transactions, the framework also introduces licensing requirements for Virtual Asset Service Providers (VASPs), such as exchanges and wallets, and enforces strict compliance with anti-money laundering (AML) and Know-Your-Customer (KYC) regulations. The post Crypto Takes Off in Panama: City to Accept Bitcoin, Ethereum for Public Services appeared first on CryptoPotato . crypto.news
Gold and Cryptos: What Market Trends Reveal Right Now
Gold prices are expected to reach significant highs in the coming years. Bitcoin dominance continues to rise, impacting altcoin performance negatively. Continue Reading: Gold and Cryptos: What Market Trends Reveal Right Now The post Gold and Cryptos: What Market Trends Reveal Right Now appeared first on COINTURK NEWS . crypto.news
