PANews February 11 News, according to CNBC, Galaxy Digital CEO Mike Novogratz stated at the Digital Finance Forum on Tuesday that the “speculative era” of cryptocurrencies may be coming to an end, and the industry will shift towards a development phase characterized by real-world assets and lower returns. Novogratz pointed out that this market correction reflects a structural change in the industry rather than a single event. He specifically mentioned the large-scale forced liquidation of leveraged positions in October 2025, believing it “wiped out many retail investors and market makers” and exerted ongoing pressure on prices. As more risk-averse institutional investors enter, the industry will gradually transition from high-multiple return expectations to the widespread adoption of global financial services based on blockchain infrastructure.
Regarding regulation, Novogratz revealed recent discussions with Senate Minority Leader Chuck Schumer, with both parties interested in advancing the CLARITY Act. He believes the bill is not only driven by multiple practical needs but also can “revitalize the spirit” of the crypto market, and he is confident that the structural legislation for the crypto market will eventually become law.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Gemini Faces Class-Action Suit Over Prediction Market Pivot, Plummeting Stock Price
Gemini faces a class action lawsuit from shareholders alleging that the company misled investors about its business viability and concealed its shift to prediction markets, contributing to a significant decline in stock value.
Decrypt5h ago
Long-term BTC short whale cancels $50,525 limit buy order, still plans to bottom-fish at $53,525
According to HyperInsight monitoring, on March 21st, a long-term BTC short seller whale canceled a $50,525 limit buy order set on the Hyperliquid platform, while retaining an order to buy 50 BTC at $53,525. This whale had previously shorted 499.91 BTC with 20x leverage, accumulating profits of $61.34 million.
GateNews7h ago
Bitcoin rebounds and breaks through $71,000, 24-hour increase of 1.66%
Gate News reports that on March 21, according to certain CEX market data, Bitcoin rebounded and broke through $71,000, currently trading at $71,048, with a 24-hour gain of 1.66%.
GateNews8h ago
BONK.fun Restarts After Domain Hijacking, Confirms $30,000 in Damages
BONK.fun has resumed operations after a recent domain takeover incident that caused $30,000 in user losses. The attack, attributed to a third-party vendor's vulnerability, involved phishing tactics. Despite recovering the domain, risks remain as some antivirus software still flags it, and the BONK token price continues to decline.
TapChiBitcoin11h ago
Weekly Report: Gold Breaks Below $4,500! Crude Oil Surges Past $110, But Bitcoin Rallies and Outperforms Gold
Escalating tensions in the Middle East and the Federal Reserve's hawkish stance have impacted global financial markets. Gold plummeted more than 10% this week, marking its worst performance since 1983, while oil prices surged to historic highs. In contrast, Bitcoin rose against the trend, indicating a flow of capital toward crypto assets. The market continues to face uncertainty, and volatility in risk assets may persist.
動區BlockTempo16h ago
Yesterday, the US XRP spot ETF experienced a single-day net inflow of $1,978,200.
On March 20, the US XRP spot ETF recorded a single-day net inflow of $1.9782 million, with Canary XRP ETF being the only product achieving net inflows. Total net inflows have reached $421 million. Currently, the total net asset value of XRP spot ETFs stands at $1.006 billion, with historical cumulative net inflows reaching $1.209 billion.
GateNews19h ago
