Share this article
Galaxy Digital Reaches $200M Settlement Agreement With NYAG Over LUNA Investments
Galaxy reported profit of $174 million and $365 million for Q4 and the full year of 2024, respectively
Updated Mar 28, 2025, 1:14 p.m. Published Mar 28, 2025, 12:16 p.m.
Make us preferred on Google
What to know:
- Galaxy Digital will pay $200 million as a settlement with the New York Attorney General's office relating to the collapse of the Terra-Luna ecosystem in 2022.
- Galaxy reported profit of $174 million and $365 million for Q4 and the full year of 2024 respectively.
- The firm has also has entered a 15-year lease agreement with cloud-computing firm CoreWeave, through which it supply 133 MW of electricity for artificial intelligence and high-performance computing.
Galaxy Digital (GLXY), the Mike Novogratz-led digital asset financial services firm, will pay $200 million as a settlement with the New York Attorney General's (NYAG) office relating to the collapse of the Terra-Luna ecosystem in 2022.
The firm will pay $200 million to the State of New York for matters relating to its investment, trading and public statements of LUNA, which collapsed in May 2022, wiping out around $60 billion in value, Galaxy announced on Friday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Galaxy disclosed the settlement as part of its latest earnings statement, which reported profit of $174 million and $365 million for Q4 and the full year of 2024 respectively, when the accrued legal provision for the settlement with NYAG is included.
The company has also has entered a 15-year lease agreement with cloud-computing firm CoreWeave, through which it supply 133 MW of electricity for artificial intelligence and high-performance computing at its Helios data center in West Texas. Galaxy expects to generate around $4.5 billion in revenue throughout the lease.
The company's profit amount to $1.02 per diluted share.
GLXY shares closed 3.54% lower on Thursday.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
Higit pang Para sa Iyo
Bitcoin miners chase AI demand as Nvidia says Rubin is already in production
Miners that look like infrastructure companies may win, while those that rely on pure mining margins face a tougher 2026.
Ano ang dapat malaman:
- Nvidia CEO Jensen Huang announced the Vera Rubin platform, which promises five times the AI computing power of previous systems, is now in full production.
- The Rubin platform will feature 72 GPUs and 36 CPUs per server, with the ability to scale into larger systems containing over 1,000 chips.
- The AI boom is reshaping the crypto market, with bitcoin miners pivoting to offer infrastructure services to AI customers, impacting data-center space and costs.
Top Stories
