SPDR Dow Jones Industrial Average ETF

SPDR S&P 500 ETF Trust

Invesco QQQ Trust Series 1

SELLAS Life Sciences Group, Inc. is a clinical stage biopharmaceutical company, which engages in the development and commercialization of immunotherapeutic for cancer indications. Its product pipeline includes galinpepimut-S. The company was founded by Angelos M. Stergiou on April 3, 2006 and is headquartered in New York, NY.

SELLAS Life Sciences Group Inc

SELLAS Life Sciences is experiencing a massive surge in investor interest following optimistic executive commentary on the REGAL Phase 3 trial data, which suggests superior survival outcomes compared to current standards of care. The community is actively discussing an imminent short squeeze and institutional accumulation as they await the pivotal 80th trial event, fueling bullish sentiment around the company's potential to disrupt the oncology market.

ImmunityBio, Inc. is a clinical stage immunotherapy company. It develops next generation therapies that drive immunogenic mechanisms for defeating cancers and infectious diseases. The company's immunotherapy platform activates both the innate and adaptive immune systems to create long term immunological memory. ImmunityBio was founded by Patrick Soon-Shiong in 2014 and is headquartered in San Diego, CA.

ImmunityBio Inc

ImmunityBio is trending following the FDA's acceptance of its supplemental Biologics License Application for ANKTIVA, triggering a PDUFA date of January 6, 2027, as investors discuss the stock's significant market expansion potential into papillary bladder cancer. The community is actively debating the significance of the upcoming ASCO abstract releases and the company's competitive standing against major pharma alternatives while highlighting the stock's high short interest and institutional accumulation.

NIO, Inc. operates as a holding company, which engages in the design, development, manufacture, and sale of smart electric vehicles. It offers its products under the brands NIO, ONVO, and FIREFLY. The company was founded by Bin Li and Li Hong Qin on November 28, 2014 and is headquartered in Shanghai, China.

NIO Inc - ADR

NIO Inc

NIO is experiencing significant volatility as investors weigh strong delivery milestones and institutional accumulation against bearish sentiment regarding Chinese EV sector headwinds and broader market skepticism. The community remains deeply divided, with bulls highlighting the long-term potential of the battery-swap infrastructure and upcoming earnings, while bears point to persistent share price stagnation and ongoing concerns over profitability and dilution.

NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the following segments: Graphics Processing Unit (GPU) and Compute & Networking. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, Quadro and NVIDIA RTX GPUs for enterprise workstation graphics, virtual GPU, or vGPU, software for cloud-based visual and virtual computing, automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating metaverse and 3D internet applications. The Compute & Networking segment consists of Data Center accelerated computing platforms and end-to-end networking platforms including Quantum for InfiniBand and Spectrum for Ethernet, NVIDIA DRIVE automated-driving platform and automotive development agreements, Jetson robotics and other embedded platforms, NVIDIA AI Enterprise and other software, and DGX Cloud software and services. The company was founded by Jen Hsun Huang, Chris A. Malachowsky, and Curtis R. Priem in April 1993 and is headquartered in Santa Clara, CA.

NVIDIA Corp

NVIDIA is capturing immense market attention ahead of its quarterly earnings release, with traders closely monitoring the potential for a beat-and-raise performance to sustain the broader AI infrastructure rally. While the community is split between bullish expectations for continued demand and cautious concerns regarding valuation, short positioning, and potential post-earnings volatility, participants are intensely focused on forward guidance and gross margins as key indicators for the entire semiconductor sector.

Venice boasts an innovative approach to generative AI with its unique privacy architecture, access to competitive features including multiple leading open-source LLM models such as DeepSeek R1, PDFs analysis, and image and code generation. An unrestricted AI Characters feature is available with its Pro version, Venice Pro.   VVV is designed to minimize friction and reduce costs for AI agents and developers to access private, reliable, on-demand and perpetual AI inference via Venice.ai's API.

Venice Token

Venice Token (VVV) is generating significant momentum as the community focuses on its privacy-focused AI utility and a series of strategic exchange listings. Investors are closely tracking deflationary tokenomics, including ongoing buybacks and burns, while many discuss the potential for future price appreciation driven by the project's growing AI ecosystem and low circulating supply.

e.l.f. Beauty, Inc. is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, naturium, well people, and keys soulcare. The company was founded in 2004 and is headquartered in Oakland, CA.

e.l.f. Beauty Inc

Investors are closely monitoring e.l.f. Beauty ahead of its earnings report, debating whether the stock is an undervalued opportunity due to its resilient consumer base and growth potential or a falling knife amid insider selling and broader market volatility. The community is actively discussing potential catalysts like tariff refunds and expansion strategies while navigating a high-stakes psychological tug-of-war between retail bulls and perceived institutional manipulation.

Alibaba Group Holding Ltd. engages in providing technology infrastructure and marketing reach. It operates through the following business segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others segments. The Core Commerce segment consists of platforms operating in retail and wholesale. The China Commerce segment includes China commerce retail and wholesale businesses. The International Commerce segment focuses on international commerce retail and wholesale businesses. The Local Consumer Services segment is involved in To-Home businesses, which include Ele.me, local services and delivery platform, and Taoxianda, and To-Destination segment businesses which include Amap, the provider of mobile digital map, navigation and real-time traffic information, and restaurant and local services guide platform. The Cainiao segment has Cainiao Network and offers domestic and international one-stop-shop logistics services and supply chain management solution. The Cloud segment includes Alibaba Cloud and DingTalk. The company was founded by Chung Tsai and Yun Ma on June 28, 1999 and is headquartered in Hangzhou, China.

Alibaba Group Holding Ltd - ADR

Alibaba Group Holding Ltd

Alibaba is trending as investors weigh significant AI and cloud growth against a substantial earnings miss, while excitement builds around a potential thawing of U.S.-China trade relations. Community sentiment remains deeply divided, with some highlighting the stock's massive AI infrastructure potential while others dismiss it as a persistent value trap.

Provides investment banking, securities and asset management services

Goldman Sachs Group, Inc.

Goldman Sachs is trending as it takes the lead-left role on the highly anticipated SpaceX IPO, which market participants are closely watching due to the company's massive reported valuation. Meanwhile, the community is actively debating the stock's technical performance and broader institutional influence, including its role in major AI-driven partnerships and institutional capital flows.

Polestar Automotive Holding UK Plc is the Swedish electric performance car brand that engages in the research, development, marketing, commercialization, and sales of battery electric vehicles and related technology solutions. It offers Polestar 2 (PS2), a premium fast-back sedan, the Polestar 3 (PS3), a luxury aero sport-utility vehicle, the Polestar 4 (PS4), a premium sport utility vehicle, the Polestar 5 (PS5), a luxury sport grand-touring sedan, and the Polestar 6 (PS6), a luxury roadster. The company was founded on September 15, 2021 and is headquartered in Gothenburg, Sweden.

Polestar Automotive Holding UK PLC - ADR Class A

Polestar Automotive Holding UK PLC

Polestar is trending as investors weigh mixed Q1 delivery results and persistent cash burn concerns against a new equity financing deal aimed at bolstering liquidity. Community discussion remains polarized, with bulls highlighting the brand's expanding retail footprint and upcoming model offensive while bears point to negative gross margins and significant share dilution.

Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. It operates through the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU). The CNBU segment includes memory products and solutions sold into client, cloud server, enterprise, graphics, and networking markets. The MBU segment is involved in memory and storage products sold into smartphone and other mobile-device markets. The EBU segment focuses on memory and storage products sold into automotive, industrial, and consumer Markets. The SBU segment consists of SSDs and component-level solutions sold into enterprise and cloud, client, and consumer storage markets. The company was founded by Ward D. Parkinson, Joseph Leon Parkinson, Dennis Wilson, and Doug Pitman on October 5, 1978 and is headquartered in Boise, ID.

Micron Technology Inc.

Micron Technology Inc

Micron Technology is trending as investors weigh potential supply chain shifts from a Samsung labor strike against high-stakes anticipation for Nvidia's earnings. Community sentiment remains highly polarized, with many retail traders debating whether the recent volatility represents a buying opportunity in a secular AI memory cycle or a sign of a broader sector rotation.

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Elizabeth Warren Questions 'Effective Crypto Banks' By Coinbase, Ripple, Paxos

Senator Elizabeth Warren (D-Mass.) on Tuesday questioned the Office of the Comptroller of the Currency letting nine crypto firms operate as banks without proper safeguards.read more...

Expert says massive AI investment is 'laying the groundwork' for America's future

Massive investment in artificial intelligence infrastructure is helping shape the next phase of the digital economy, according to one investment expert watching Wall Street's AI race.ProCap Financial...

<ul class="summary-bullets"><li>Senator Elizabeth Warren reportedly questioned the Office of the Comptroller of the Currency approved crypto trust charters tied to crypto firms, Bloomberg reported on Tuesday.</li><li>Warren said the firms appear to be engaged in activities including trading, payments, lending and stablecoin issuance beyond what national trust banks typically allow.</li><li>The criticism comes as the Office of the Comptroller of the Currency broadens trust-bank activity rules and faces opposition from banking groups over crypto charter approvals.</li></ul>Senator Elizabeth Warren (D-MS) has&nbsp;reportedly pressed the Office of the Comptroller of the Currency (OCC)&nbsp;on Tuesday over its recent approvals of crypto-linked national trust bank charters, arguing that several firms may not qualify under federal banking law.According to a&nbsp;Bloomberg&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2026-05-19/warren-presses-banking-regulator-on-crypto-s-trust-charter-push?srnd=phx-crypto">report</a>, Warren questioned OCC head Jonathan Gould about at least nine charter approvals issued to crypto affiliates, including Ripple (XRP), Coinbase (COIN) and Paxos (USDP),&nbsp;which also operates Paxos Gold (PAXG).She&nbsp;stated&nbsp;that&nbsp;the firms appear to offer services beyond activities permitted for national trust banks under the National Bank Act, including crypto trading, payments, lending and stablecoin issuance.Warren wrote that allowing these trust companies to "act like full-service national banks, while evading the suite of restrictions, safeguards, and obligations" would "pose clear risks to consumers, create conflicts of interest, undermine the separation of banking and commerce, and threaten the safety and soundness of the banking system.” She also flagged World Liberty Financial (WLFI), the Trump family-linked crypto venture, which has a pending trust-charter application still under OCC review.&nbsp;Warren previously&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2026-04-23/warren-questions-luckey-s-erebor-over-bank-approval-process">raised</a> alarms about the OCC's swift approval of politically connected crypto bank Erebor, signaling her broader concerns about the charter approval process.&nbsp;<h2 class="st-heading-2">OCC Rules Shift Alongside Washington’s Crypto Push</h2>The OCC's approval reflected a regulatory shift under the Trump administration. The passage of the GENIUS Act last summer, which established a stablecoin regulatory framework, marked a turning point, with regulators adopting an approach to digital assets.&nbsp;Earlier this year, the OCC&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/cryptocom-approval-occ-national-trust-bank-in-us/cZRtvl8R4yj">finalized</a> a new rule clarifying that national trust institutions may engage in "non-fiduciary activities.” The OCC argued the National Bank Act never prohibited such activities, though critics say this represents a broadened reading of trust bank powers. However, earlier this year the Independent Community Bankers of America (ICBA) formally&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/us-banking-group-coinbase-approval-calling-it-a-grave-mistake/cZJTXXTRIoE">opposed</a> the approvals, calling Coinbase's charter conditional approval "a grave mistake" and arguing the OCC lacked statutory authority to expand non-fiduciary trust powers.<a href="https://stocktwits.com/symbol/COIN">Coinbase’s price</a> was down by 0.1% in early morning trade. On Stocktwits, the retail sentiment around COIN moved to ‘neutral’ from the ‘bullish’ zone, while chatter stayed in the ‘high’ levels over the past day.<h2 class="st-heading-2">Crypto Firms Seek Federal Banking Structures</h2>Crypto companies have pursued national trust charters as they expand further into payments, custody and stablecoin-related services in the&nbsp;U.S. The charters allow firms to operate under federal supervision across state lines, though they do not allow institutions to take federally insured deposits like commercial banks.The approvals have accelerated integration of crypto-native firms into traditional U.S. financial infrastructure, as lawmakers debate whether the framework adequately protects consumers and financial stability.Read also: <a href="https://stocktwits.com/news-articles/markets/equity/cathie-wood-bullish-stock-buy-one-month-low/cZXuoYZReZs">Cathie Wood's Ark Invest Scoops Up More BLSH Stock After It Hits One-Month Low</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Sen. Elizabeth Warren (D-MA) claps during a press conference on social security in front of the U.S. Capitol on May 05, 2025 in Washington, DC. (Photo by Kayla Bartkowski/Getty Images)

Senator Warren Reportedly Slams OCC Crypto Bank Approvals For Ripple, Coinbase, Paxos, And Trump’s World Liberty Financial

A Democrat Senator raised concerns about Trump-family related World Liberty Financial’s pending OCC trust-charter application.

Cryptocurrency

A Democrat Senator raised concerns about Trump-family related World Liberty Financial’s pending OCC trust-charter application.


UK's Tokenization Push Could 'Generate Wealth' For Citizens, Coinbase Says But Can DeFi Thrive Under Regulation?

UK's Tokenization Push Could 'Generate Wealth' For Citizens, Coinbase Says But Can DeFi Thrive Under Regulation...

<ul class="summary-bullets"><li>Tokenized stocks are a sign of a slide toward a ‘Snow Crash’-style cyberpunk future,” said Michael Burry, calling it a moment “that needs to be stopped.”</li><li>The SEC could issue an exemption this week that would permit tokenized stocks to trade on crypto platforms, Bloomberg reported.</li><li>The proposal would allow trading of tokens that track company shares without the company's permission, though those tokens might not have voting rights or dividends.</li></ul>Michael Burry, the investor who famously predicted the 2008 housing crash and is known as ‘The Big Short’, issued a warning on Tuesday about the direction American financial markets are taking – targeting the convergence of crypto and traditional equities.<h2 class="st-heading-2">What Did Burry Say About Tokenized Stocks?</h2>Burry, who goes by the name Cassandra Unchained&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/michaeljburry/status/2056620255103840350?s=20">on X</a>, warned that tokenized stocks are a harbinger of a slide into a “Snow Crash cyber-punk future with no long-term personal relationships,” in which digital value is embedded in people and humanity becomes increasingly devalued. “This may be the point in time that needs to be stopped”, Burry wrote. With “#snowcrash," he called out, referring to Neal Stephenson’s 1992 dystopian novel about a fractured society ruled by corporate enclaves and virtual reality.<figure class="image"><a class="st-link-external" href="https://x.com/michaeljburry/status/2056620255103840350?s=20" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_05_19_at_5_19_22_AM_png_618fe10ba4.webp" alt="Screenshot 2026-05-19 at 5.19.22 AM.png" width="476" height="645"></a><figcaption>Michael Burry warns of snow crash. Source: @michaeljburry/x</figcaption></figure>Burry’s warning came in response to a Bloomberg&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2026-05-18/sec-is-said-to-ready-plan-for-trading-crypto-versions-of-stocks">report</a> that the Securities and Exchange Commission (SEC) is reportedly preparing to launch a so-called “innovation exemption” for tokenized stocks, possibly as soon as this week.&nbsp;<h2 class="st-heading-2">How Will Tokenized Stocks Work?</h2>The Bloomberg report stated that the SEC was leaning toward allowing trading of tokens that track a company's stock price without the company's permission, in a surprise move. Such “third-party” tokens would create a new way for people to bet on whether the stock goes up or down, on decentralized crypto venues.These tokens, however, may not offer the benefits typically associated with owning a real stock, such as voting rights or dividends. The SEC proposal would deny listing rights to platforms that don't offer those perks.&nbsp;The proposal could create a parallel blockchain-based market for U.S. equities operating outside traditional exchange infrastructure.<h2 class="st-heading-2">Could Tokenized Stocks Fragment Equity Markets?</h2>Regulators and market watchers described the move as&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.nasdaq.com/newsroom/qa-how-tokenization-can-modernize-capital-markets">a major regulatory test</a> of whether stock trading can shift to crypto infrastructure without the investor protections of traditional equity markets, raising concerns about market fragmentation, particularly as&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/nyse-tokenized-stocks-securitize-blockchain-trading-platform/cZ3n1hVRIKD">Wall Street embarks on a tokenization boom</a>, with much-anticipated IPOs like SpaceX (SPACEX) preparing to launch.The Trump administration plans to incorporate a stock market regulatory exemption policy into its overall deregulation framework, aiming to align U.S. stock market regulation with the fast-growing cryptocurrency market.&nbsp;Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/cryptocurrency/goldman-sachs-sticks-with-bitcoin-btc-sit-underwater-buys-crcl-glxy-coin/cZXrV6dRemQ">Goldman Sachs Sticks With Bitcoin, While 7.8 Million BTC Sit Underwater – Buys More CRCL, GLXY, COIN</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Michael Burry attends the premiere of "The Big Short" at Ziegfeld Theatre on November 23, 2015 in New York City. (Photo by Dimitrios Kambouris/Getty Images)

Michael Burry Sounds Alarm On SEC Tokenized Stocks Push With Stark ‘Snow Crash’ Warning

The change brings US equity rules more in line with crypto markets, raising fears of fragmentation and weaker investor protections.

Michael Burry Sounds Alarm On SEC Tokenized Stocks Push: ‘This Needs To Be Stopped’

Equity

The change brings US equity rules more in line with crypto markets, raising fears of fragmentation and weaker investor protections.


Should You Buy Coinbase Stock?

With regulators warming up to the cryptocurrency industry, Coinbase (NASDAQ: COIN) is catching a favorable break...

Coinbase to Participate in the J.P. Morgan Global Technology, Media and Communications Conference

Coinbase Global, Inc. announced today that Emilie Choi, President and Chief Operating Officer, and Alesia Haas, Chief Financial Officer, will participate in a fireside chat at the J.P. Morgan Global...

Coinbase, MARA Holdings Plunge 4%, But Why Is HOOD Not Going Down?

Crypto stocks, such as Coinbase (NASDAQ:COIN) and MARA Holdings...

<ul class="summary-bullets"><li>Goldman Sachs walked away entirely from XRP and Solana exchange-traded fund positions during the first quarter of 2026.</li><li>The bank kept around $ 715 million in Bitcoin exchange-traded funds, down about 10% from the previous quarter.</li><li>The firm&nbsp;boosted its Circle Internet Group&nbsp;stake by 24%, while also adding to its positions in Coinbase and PayPal.</li></ul>Goldman Sachs (GS) held roughly $715 million in Bitcoin (BTC) exchange-traded funds through the first quarter of 2026 and expanded its bets on&nbsp;crypto-linked equities like Circle (CRCL), Galaxy Digital (GLXY), and Coinbase (COIN), even as on-chain data showed more than 7.8 million BTC&nbsp;was&nbsp;sitting at a loss.The bank's<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://13f.info/manager/0000886982-goldman-sachs-group-inc"> latest</a> 13F filing with the US Securities and Exchange Commission, covering positions as of March 31, showed that Goldman boosted its Circle Internet Group&nbsp;stake by 249% and its&nbsp;position in&nbsp;Galaxy Digital by 205%.&nbsp;It also added to its&nbsp;positions in Coinbase, Robinhood (HOOD), and PayPal (PYPL).The bank moved in the other direction on Strategy (MSTR), IREN Limited (IREN), Bit Digital (BTBT), and Riot Platforms (RIOT), trimming&nbsp;stakes in&nbsp;all four.&nbsp;Goldman walked away entirely from&nbsp;Ripple’s XRP (XRP)&nbsp;and Solana (SOL) ETFs after being the&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.forbes.com/sites/boazsobrado/2026/03/11/quietly-accumulating-goldman-sachs-revealed-as-top-xrp-etf-holder/">largest known</a> institutional holder of XRP ETF products heading into year-end.&nbsp;The firm trimmed its&nbsp;position in&nbsp;Ethereum (ETH) ETF by roughly 70%.&nbsp;<h2 class="st-heading-2">Cuts XRP, SOL, ETH Positions</h2>The exit from XRP and SOL ETFs&nbsp;marked a sharp turn from the fourth quarter of last year, when&nbsp;Goldman Sachs&nbsp;held nearly $154 million across XRP ETFs from Bitwise, Franklin Templeton, Grayscale, and 21Shares, along with more than $100 million in Solana products such as the Grayscale Solana Trust ETF (GSOL), Bitwise Solana Staking ETF (BSOL), and Fidelity Solana Fund (FSOL). Goldman had been the largest known institutional holder of XRP ETF products heading into the end of last year.Bitcoin, on the other hand, stayed Goldman's clear crypto preference. The bank held about $690 million in BlackRock's iShares Bitcoin Trust (IBIT) and another $25 million in Fidelity's Wise Origin Bitcoin Fund (FBTC),&nbsp;even though the positions were trimmed.<h2 class="st-heading-2">Rotation Into Crypto Equities</h2>The reshuffle landed in weak market conditions. On-chain firm Glassnode&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/glassnode/status/2056368000245125145?s=20">explained</a> on Monday that more than 7.8 million BTC were underwater at Bitcoin's current $76,700 level, a supply overhang it called "substantial."&nbsp;<figure class="image"><a class="st-link-external" href="https://x.com/glassnode/status/2056368000245125145?s=20" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_05_18_at_11_46_15_AM_png_5063814cde.webp" alt="Screenshot 2026-05-18 at 11.46.15 AM.png" width="472" height="527"></a><figcaption>Glassnode on Bitcoin. Source: @glassnode/x</figcaption></figure>Buyers who entered near cycle highs were holding paper losses, as Glassnode said the market would need to work through that weight before any sustained move higher feels structurally credible.<a href="https://stocktwits.com/coins/bitcoin">Bitcoin’s price</a> was trading at $76,244, down over 2% during the past 24 hours. On Stocktwits, the retail sentiment around BTC moved to ‘bearish’ from the ‘neutral’ zone, while chatter around it stayed ‘normal’ over the past day.Read also: <a href="https://stocktwits.com/news-articles/markets/equity/galaxy-digital-bitlicense-club-glxy-stock-lowest-month/cZXrZI7Reme">Galaxy Digital Joins Robinhood, PayPal In NY BitLicense Club — GLXY Stock Still Slides To Lowest Level This Month</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.&nbsp;

In this photo illustration, a Goldman Sachs Group logo is displayed on a smartphone screen. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)

Goldman Sachs Sticks With Bitcoin, While 7.8 Million BTC Sit Underwater – Buys More CRCL, GLXY, COIN

 More than 7.8 million Bitcoin are currently held at a loss of nearly $76,700, according to Glassnode, highlighting a major supply overhang over the market.

<ul class="summary-bullets"><li>Galaxy Digital announced on Monday that it received a New York BitLicense and Money Transmitter License.</li><li>This would allow the firm to offer regulated crypto trading and custody services to institutional clients across the state.</li><li>The approval places Galaxy among a small group of firms with a BitLicense, alongside Coinbase, Robinhood, Circle, and PayPal.</li></ul>Galaxy Digital (GLXY) announced on Monday that its subsidiary, GalaxyOne Prime NY, which exclusively serves local New York clients, has obtained the BitLicense and money transmission license from the New York State Department of Financial Services (NYDFS) for the first time.With the BitLicense, Galaxy now joins other crypto firms in the same cohort, including Circle (CRCL), Coinbase (COIN), Robinhood (HOOD), and PayPal (PYPL). Galaxy’s license will bring its total number of global compliance licenses to over 50.However, the optimism did not translate to its share price.&nbsp;<a href="https://stocktwits.com/symbol/GLXY">Galaxy’s price</a> fell by over 5% during morning trade&nbsp;amid broader weakness in the equity and cryptocurrency markets to its lowest level this month.&nbsp;On Stocktwits, the retail sentiment around GLXY stayed in the ‘bearish’ zone, while chatter around it&nbsp;remained at&nbsp;‘low’ levels over the past day. One retail trader said they could no longer recommend GLXY until the company "takes better care of shareholders," pointing to Applied Digital (APLD) as a stronger pick, while another predicted that Vanguard would “dump” the stock.<stembedurl>https://www.stocktwits.com/seth2958/message/653684456</stembedurl>&nbsp;<stembedurl>https://www.stocktwits.com/dpeters/message/653678755</stembedurl><h2 class="st-heading-2">Why Is Galaxy’s BitLicense A Big Deal?</h2>The license qualifies the firm to operate a compliant institutional digital asset business in New York State. All New York State-registered investment advisors, hedge funds, and family offices can access the firm’s full suite of trading and custody services, and the company currently manages $9 billion in client assets."Galaxy was built in New York," Novogratz&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/novogratz/status/2056355793079808257?s=20">wrote</a>&nbsp;in a post on X, calling the state "the deepest pool of capital in the country, and one where digital assets are no longer sitting at the edge of allocations." The licenses cover Galaxy's full trading and custody platform.&nbsp;<figure class="image"><a class="st-link-external" href="https://x.com/novogratz/status/2056355793079808257?s=20" target="_blank" rel="noopener noreferrer nofollow"><img src="https://news.stocktwits-cdn.com/Screenshot_2026_05_18_at_10_38_55_AM_png_bda00f60e2.webp" alt="Screenshot 2026-05-18 at 10.38.55 AM.png" width="928" height="722"></a><figcaption>Galaxy CEO Mike Novogratz on BitLicense. Source: @novogratz/x</figcaption></figure>BitLicense, issued by the U.S. state of New York, is&nbsp;one of the most difficult-to-obtain state-level cryptocurrency licenses across the United States. Since its regulatory framework was launched in 2015, only around 40 companies have been approved to hold the license.&nbsp;The move serves&nbsp;the company’s strategy to deeply develop the U.S. institutional-grade cryptocurrency market. Currently, the firm is&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.galaxy.com/newsroom/galaxy-powers-staking-infrastructure-for-ethb">expanding its partnership</a>s across Wall Street and provides staking infrastructure for the iShares Staked Ethereum Trust ETF (ETHB), which is run by asset management giant BlackRock, cementing its industry status as a core institutional cryptocurrency infrastructure service provider.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/wall-street-clarity-act-circle-upside-bernstein/cZXrjCORel6">Here's Why Wall Street Thinks The CLARITY Act Could Be A Big Win For Circle And USDC</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.&nbsp;

Galaxy Digital Joins Robinhood, PayPal In NY BitLicense Club — GLXY Stock Still Slides To Lowest Level This Month

Mike Novogratz called New York “the deepest pool of capital in the country,” saying digital assets were moving into mainstream institutional allocations.

Coinbase Global, Inc. engages in the provision of a trusted platform that serves as a compliant on-ramp to the onchain economy and enables users to engage in a wide variety of activities with their crypto assets in both proprietary and third-party product experiences enabled by access to decentralized applications. It offers consumers primary financial account for the cryptoeconomy, institutions a full-service prime brokerage platform with access to deep pools of liquidity across the crypto marketplace, and developers a suite of products granting access to build onchain. The company was founded by Brian Armstrong and Fred Ernest Ehrsam in May 2012 and is headquartered in New York, NY.

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