Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Mike Novogratz’s Galaxy reported a $482 million loss in the fourth quarter as the bull market reversed course, emails released by the US Justice Department suggest late sex offender Jeffrey Epstein bought a $3 million stake in Coinbase back in 2014, and Hyperliquid’s Hypercore team has signaled support for a proposal that would see it expand into prediction markets.
Galaxy, the digital asset and AI infrastructure company led by Mike Novogratz, reported a $482 million loss in the fourth quarter, citing declining cryptocurrency prices.
The losses were “driven primarily by the depreciation of digital asset prices,” the company said in its earnings report. The price of Bitcoin declined by about 20% during the fourth quarter and has since intensified its selloff, plunging toward $73,000 on Tuesday.
