News linked to both this project and an event.
According to Lookonchain monitoring, whales are still buying BTC despite the market downturn. Over the past 4 hours, 9 newly created wallets received 1,900 BTC worth $148 million from Galaxy Digital.
A Galaxy Research report shows that Meme coins' share of Solana trading volume has fallen from over 50% at the end of 2024 to 15%–20% in Q2 2026. In addition, SOL has declined nearly 20% year-to-date, and U.S.-listed spot and staked SOL ETFs recorded outflows for two consecutive weeks this month, totaling approximately $50 million. Meanwhile, Solana's share of on-chain perpetual contract trading volume has dropped from 17% to 6%. The Solana Foundation has reportedly issued a statement saying that Solana's transformation is underway, attempting to shift from a growth model reliant on Meme coins and speculative trading toward more mainstream financial applications such as stablecoins and tokenized assets, in a bid to win adoption from Wall Street institutions.However, with the crypto market downturn and the rise of competitors such as Hyperliquid, Solana faces challenges in transforming its growth model. Market analysts point out that the key to Solana's future lies in whether it can attract stable assets, developers, and users, rather than relying solely on speculative trading to drive growth. (Bloomberg)
According to Onchain Lens monitoring, Arthur Hayes (0x6cd...7e21) received $49.24 million USDC after recent token sales, of which Galaxy Digital recently transferred $23.07 million to him, bringing the total USDC he received from trading desks and exchanges to $49.24 million.
Galaxy Research has published an analysis stating that over the past three weeks, approximately 40 inscriptions composed of random letters have appeared on the Bitcoin network each day, with content that appears to be encrypted text but is not actually cryptographic information. The relevant addresses had previously inscribed the U.S. Constitution onto the Bitcoin network in May. The study found that after analyzing 562 texts, the frequency distribution of the 26 English letters was nearly uniform, clearly differing from normal English and substitution cipher characteristics; metrics such as word length distribution and repeated word frequency also indicated that these texts were likely generated by a random letter generator.Galaxy Research refers to the operator as "Babel Scribe," believing that the activity is more likely testing a data publishing tool on the Bitcoin mainnet rather than attempting to convey hidden messages. The on-chain transaction structure, the continuous use of change addresses, and the regular timing of publications all display characteristics of automated scripts. Related activities also include test texts, random words in different languages, binary data, and the subsequent inscription of the U.S. Declaration of Independence. It is estimated that the project has transferred in approximately 3.33 million satoshis in total, of which about 24% was used to pay miner fees, with the remaining funds still held in the relevant addresses. The researchers suggest that there is no need to interpret these garbled texts as hidden messages.
that, according to Onchain Lens monitoring, a wallet associated with Arthur Hayes (0x6cd...7e21) transferred 8,000 ETH, worth approximately $19 million, including 1,600 ETH each to Binance, Galaxy Digital, and FalconX, each worth about $3.8 million, intended for sale.
Odaily reports: Crypto analyst Ignas posted on X that PAPER token mining rewards have dropped significantly. Early users could earn 100 PAPER for every $1 of qualifying trading losses, but this has now fallen to approximately 11 PAPER. At current reward levels, a trade with a $1,000 loss would yield only about 10,700 PAPER. Based on recent staking yield levels, this translates to daily earnings of roughly $2.60 to $4.90, requiring approximately 200 to 385 days to recoup the loss—and this does not yet account for dilution effects from token emissions.In his view, once PAPER opens up for transfer, some trading users may prefer to sell tokens directly to recover losses, creating potential selling pressure. Galaxy Research previously noted that PAPER's market price will affect the scale of mining activity, which in turn determines the protocol's long-term revenue. If a decline in token price leads to reduced mining activity, it could further weaken protocol revenue and staking yields. PAPER's long-term value depends on whether Papertrade can continue to attract genuine trading demand and sustain revenue after incentives decline.
Galaxy's head of research posted on X that Bitcoin ETF net inflows remain positive year-to-date, reaching $355 million, and turned positive again in September.
Odaily News: According to Onchain Lens monitoring, a Galaxy Digital OTC client transferred 134,000 LINK to Binance, worth $1.73 million, possibly for sale.
Odaily News: According to on-chain analyst Yu Jin's monitoring, a certain whale/institution that conducted OTC trades through Galaxy Digital sold its final 10,000 ETH 5 hours ago, completing full liquidation. This entity bought and sold 52,000 ETH within two and a half months, earning a profit of $24.49 million: from July to September, it accumulated 52,000 ETH at an average price of $2,161; since the end of September, it has been liquidating at an average price of $2,632.
Odaily News: According to monitoring by Galaxy's head of research, the Bitcoin losses caused by the Ledger cryptocurrency supply chain attack currently amount to 213.42 BTC, valued at $17.7 million. Of this, 92% of the funds were transferred in less than 90 days ago, while some funds were transferred even earlier. All Bitcoin traced so far remains unspent and is held in 3 aggregation addresses.
Odaily News: Galaxy Research on-chain tracking shows that the US government transferred approximately 9,261 BTC, worth about $770 million, to Coinbase Prime over two days. Since the deposit address was first activated in December 2025, it has cumulatively received 11,567 BTC, of which 6,406 came from wallets already labeled as belonging to the US government, and 5,160 came from previously unlabeled wallets.Of the 9,261 BTC transferred this time, nearly half can be traced back to Bitfinex hacker funds recovered by the US government, with some coming from previously known Binance-related seized assets; among them, 2,456 BTC previously had no clear government attribution label, but because they entered this address through the same path as government funds, they are currently regarded as US government seized assets. The US government currently holds approximately 319,100 BTC, of which about 71% comes from LuBian-related BTC and Bitfinex recovered funds.In January 2025, a US federal court approved the return in kind of seized Bitfinex hacker funds to Bitfinex, and the main address holding approximately 94,600 BTC has still not moved. In October 2025, the US Department of Justice filed a civil forfeiture lawsuit against Chen Zhi and related assets, involving approximately 127,300 BTC; this batch of LuBian BTC entered addresses attributed to the US government between June and July 2024. Since 2013, US government-related addresses have received a total of approximately 555,300 BTC, worth about $16.1 billion at prices at the time; during the same period, approximately 236,200 BTC flowed out, worth about $3.8 billion at prices at the time. After excluding internal transfers between the government's own addresses, this transfer, based on labeled government addresses, ranks 9th among the largest single-day BTC outflows in US government history, and is also the largest since December 2, 2024. BTC being transferred to Coinbase Prime does not mean the US government has already sold it, and on-chain transfers alone cannot confirm the specific purpose of the funds.
according to Bitcoin News monitoring, this batch of Bitcoin is worth over $4 million, accounting for approximately 2.8% of the total Bitcoin related to the Coldcard vulnerability. Crypto Recovery Trust will verify the ownership of the funds and attempt to return them; Galaxy Digital research director Alex Thorn stated that another 3.0134 BTC was transferred to this address in the same transaction, but its source has not yet been confirmed.
According to Embers monitoring, an OTC whale or institution significantly reduced its ETH holdings following the market downturn, transferring 42,000 ETH to Galaxy Digital seven hours ago. The transfer was valued at approximately $112 million, executed at a price of around $2,664 per ETH. Over the preceding two months, this address had cumulatively acquired 52,000 ETH at an average cost of roughly $2,161, realizing a profit of approximately $21.12 million from this sale.
Odaily News — According to Onchain Lens monitoring, a whale deposited 42,000 ETH worth approximately $112 million to Galaxy Digital about an hour ago, reportedly for sale. Over the past two months, the whale had accumulated these ETH through over-the-counter (OTC) trades via Galaxy Digital.
Odaily reports: According to on-chain analyst Yu Jin's monitoring, a whale/institution accumulated 37,000 ETH two months ago through a Galaxy Digital OTC deal at an average price of $1,923. Today, it purchased another 15,000 ETH at $2,751, worth $41.26 million. It now holds a total of 52,000 ETH, worth $143 million, with an average cost of $2,161 and an unrealized profit of $31.1 million.
Odaily News: On September 21, a white hat actor transferred 40.71 BTC linked to the Coldcard vulnerability in a single transaction valued at approximately $3.31 million. The transaction consolidated funds from 11 addresses and included an OP_RETURN message pointing to the Crypto Recovery Trust.Alex Thorn, head of Galaxy Research, disclosed that the broader consolidation involved a total of 52.37 BTC across multiple clusters of attacker addresses, accounting for approximately 2.8% of the funds tied to the vulnerability. A firmware flaw in Coldcard devices dating back to March 2021 resulted in insufficient mnemonic seed randomness, with the total funds involved peaking at approximately $130 million. (Decrypt)
Odaily News: According to monitoring by Ai Yi, a certain whale has purchased 37,000 ETH through OTC since July, and after a one-month hiatus, has added to its position once again. Ten minutes ago, it received 2,500 ETH worth $6.868 million from a Galaxy Digital OTC address. Since July 22, this whale has accumulated a total of 39,501 ETH, with a position value of approximately $78 million and an average price of $1,974.72, now sitting on unrealized gains of $30.62 million.
Odaily News: According to monitoring by Galaxy's head of research, Coldcard white hat funds consolidated 52.37 BTC from Wave 2, Footprints AA, AU, and AX into a new address, which inscribed the OP_RETURN message "claim:cryptorecoverytrust dot com" in block 967,948. These white hat funds account for 2.8% of the Coldcard exploit attack funds.
Galaxy research director Alex Thorn (@intangiblecoins) noted in a post that BTC broke through and held above the 50-week moving average (50W MA) at this week's close, marking the first time in the past 45 weeks. Historical data shows that whenever BTC regains the 50-week moving average during a bear market, it signals that the bottom has been confirmed. Currently, BTC has gained 29% over 35 days, and market sentiment continues to recover.
According to Lookonchain monitoring, a whale bought another 116,400 HYPE worth $9.91 million 6 hours ago. Over the past 8 months, this whale has accumulated 1.89 million HYPE worth $159 million through Galaxy Digital, and has staked all of it.