Galaxy Brains

In this episode of Galaxy Brains, Alex Thorn welcomes Evan Solomon, Chief of Staff at Portal Ventures and Co-Founder of College.xyz and MBC Conference, to discuss how university blockchain clubs are building the next generation of crypto talent. They cover the growth of the Midwest Blockchain Conference, the push to standardize a crypto curriculum, and how initiatives like bounties, hackathons, and Farcaster onboarding are helping students break into the industry.    Plus, Beimnet Abebe (Galaxy Trading) joins to discuss markets, macro headwinds, and the latest government shutdown drama.    This episode was recorded on Wednesday, October 1, 2025.   Disclaimer: ⁠https://www.galaxy.com/galaxy-brains-episode-181-disclaimer⁠ ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/⁠

In this episode of Galaxy Brains, Alex Thorn welcomes Vivek Raman, Co-Founder & CEO of Etherealize, to discuss whether Ethereum can become the world’s settlement layer. They cover Ethereum’s roadmap, tokenization on L1 vs L2s, ZK-powered privacy for institutions, and why ETH is emerging as a yielding store-of-value alongside Bitcoin.    Plus, Beimnet Abebe (Galaxy Trading) joins to discuss crypto liquidations, Bitcoin’s rebound, equity market momentum, gold’s new highs, and how Fed policy and fiscal dynamics are shaping risk appetite.    This episode was recorded on Wednesday, September 3, 2025.   Disclaimer: https://www.galaxy.com/galaxy-brains-episode-181-disclaimer ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/⁠

In this episode of Galaxy Brains, Alex Thorn welcomes Kyle Samani, co-founder and managing partner of Multicoin Capital and newly appointed chairman of Forward Industries. They discuss Forward’s $1.65 billion PIPE transaction co-sponsored by Multicoin, Galaxy, and Jump, which positions the company as the world’s largest Solana-based digital asset treasury.    Kyle shares why Solana’s design enables productive treasury strategies, how Forward plans to scale responsibly within the network, and why he believes Solana’s long-term vision positions it to rival legacy exchanges. They also explore the future of digital asset treasuries, the role of M&A, and the ongoing debate between high-performance L1s and Ethereum’s modular L2 approach.  Plus, Beimnet Abebe (Galaxy Trading) joins to break down BTC, ETH, and SOL market dynamics, including credibility, macro forces, and policy risks.  This episode was recorded on Wednesday, September 17, 2025. Disclaimer: https://www.galaxy.com/galaxy-brains-episode-180-disclaimer ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/ Disclaimer: https://www.galaxy.com/galaxy-brains-episode-180-disclaimer

In this episode of Galaxy Brains, Alex Thorn welcomes Tim Kotzman and Ed Juline of Bitcoin Treasuries Advisory to discuss the surge of Bitcoin treasury companies. They explore why adoption has accelerated in 2025, how strategies differ from MicroStrategy’s playbook, and what qualifies as a “Bitcoin treasury.” The conversation covers MNAV premiums and discounts, transparency in disclosures, systemic risks, and whether these firms could evolve into a new class of financial institution. They also touch on corporate career risk, declining Bitcoin volatility, and why investor relations are critical for success. Plus, Beimnet Abebe (Galaxy Trading) joins to break down how credibility, politics, and inflation dynamics are shaping markets. This episode was recorded on Wednesday, September 10, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/

Alex Thorn talks with Superstate founder and CEO Robert Leshner about tokenizing Galaxy’s Class A Common Stock on Solana. Alex and Robert also discuss the archaic tech stack of traditional capital markets, how blockchains can simplify and improve capital flows, and what the future of tokenization will look like. Alex also talks with Beimnet Abebe (Galaxy Trading) about markets, positioning, and catalysts. This episode was recorded on Wednesday, September 3, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/

Alex Thorn talks with James Check (CheckOnChain) about the state of the bitcoin market, what onchain data tells us about the latest market dip, and where we are in terms of the ongoing bull market. Alex also talks with Beimnet Abebe (Galaxy Trading) about bitcoin and ether markets, broad market moves, and the Fed’s adjusted approach to monetary policy following the central bank’s annual meeting last week in Jackson Hole, Wyoming. This episode was recorded on Wednesday, August 27, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/

In this episode of Galaxy Brains, Alex Thorn welcomes Lyn Alden, Founder of Lyn Alden Investment Strategy, to discuss fiscal dominance, the Fed’s policy constraints, and Bitcoin’s role in a world of structural deficits and rising inflation. They cover macroeconomic risks, central bank independence, and why Lyn believes Bitcoin’s long-term upside remains strong.    Plus, Beimnet Abebe (Galaxy Trading) joins to break down BTC and ETH performance, U.S. jobs data, interest rates, and the latest from the Federal Reserve.  This episode was recorded on Wednesday, August 14, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/

Alex Thorn talks with Aubrey Strobel from Halcyon, a Communications and PR agency that focus on companies working in bitcoin, AI, and stablecoins, about all the Coinbase faux pas and other screw ups in crypto. Alex also talks with Beimnet Abebe (Galaxy Trading, about markets, employment, the Fed, and the national debt. This episode was recorded on Wednesday, August 6, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/

Alex Thorn talks to Udi Wertheimer (Taproot Wizards) about the state of the bitcoin bull market, predictions of bitcoin price, treasury companies, bitcoin development, and much more. Alex also talks to Beimnet Abebe (Galaxy Trading) about the FOMC meeting, Fed independence, and predictions on crypto markets. This episode was recorded on Wednesday, July 30, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/

In this episode of Galaxy Brains, Alex Thorn sits down with Nic Carter, General Partner at Castle Island Ventures, for a wide-ranging conversation on the rise of crypto data companies, the future of stablecoins and their implications for the U.S. banking system, and whether artificial intelligence will erode critical thinking skills. They also explore the mounting energy demands of AI, potential disruptions to labor and industry, and what lies ahead in a rapidly evolving tech landscape. This episode was recorded on Wednesday, July 23, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/

Alex Thorn talks with Alex Leishman (River) about building a bitcoin-only brokerage, how stablecoins interact with bitcoin, why small businesses are beginning to own BTC, the importance of Proof of Reserves, building with Bitcoin Core, and much more. Alex also talks with Beimnet Abebe (Galaxy Trading) about Jay Powell and the Federal Reserve’s independence. This episode was recorded on Wednesday, July 16, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/

Alex Thorn is joined by Jason Urban, Global Head of Trading at Galaxy, to break down the rise of crypto treasury companies and the evolving institutional crypto landscape. They discuss the explosion of publicly traded firms holding crypto assets, questions around systemic risk, and what sets these new vehicles apart from legacy players like MicroStrategy. Jason also shares insights on the growth of Galaxy’s trading and lending businesses, the role of tokenized securities in future capital markets, and how institutional demand is accelerating the integration of DeFi and onchain finance. Plus, Michael Harvey, Head of Franchise Trading at Galaxy, joins to unpack a market that feels “priced to perfection,” with equities near highs, easing macro data, and retail activity driving risk-on sentiment. This episode was recorded on Wednesday, July 9, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/

Alex Thorn is joined by Zane Glauber and Harry Austin from Galaxy’s Strategic Opportunities team to explore the future of blockchain infrastructure. They discuss recent regulatory shifts around staking, the evolution of institutional staking, and the growing role of blockchain infrastructure in capital markets. The conversation covers validator operations on Solana, on-chain governance, ETF integration, L2 decentralization, and how Galaxy supports protocols and institutions across the full stack of crypto services.   Plus, Beimnet Abebe (Galaxy Trading) returns to unpack bitcoin’s approach toward all-time highs, market response to the Big Beautiful Bill, and signs of rising risk appetite. This episode was recorded on Wednesday, July 3, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/

In this episode of Galaxy Brains, Alex Thorn records live from Washington, D.C., where he’s attending the third annual Bitcoin Policy Summit, hosted by the Bitcoin Policy Institute (BPI). He welcomes BPI Executive Director Matthew Pines to discuss the growth of the summit, Bitcoin’s evolving role in U.S. policy conversations, and key legislative efforts like the Blockchain Regulatory Certainty Act. They explore how Bitcoin intersects with national strategy, energy policy, and emerging technologies like AI, and why BPI is opening a “Bitcoin embassy” in the heart of D.C.   Plus, Beimnet Abebe (Galaxy Trading) joins to break down a volatile week in markets. This episode was recorded on Wednesday, June 25, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/

Alex Thorn talks to Austin Campbell, NYU professor and founder of Zero Knowledge Consulting, about the passage of the GENIUS Act, prospects for market structure in the House, and what a tie-up between crypto and traditional finance means for both. Alex also talks to Beimnet Abebe (Galaxy Trading) about the Federal Reserve’s latest FOMC meeting, geopolitical risks affecting the market, and what the risk of stagflation means for markets. This episode was recorded on Wednesday, June 18, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/

On this week’s episode of Galaxy Brains, Peter McCormack, Chairman of Real Bedford FC, joins Alex Thorn to reflect on his journey after What Bitcoin Did from local activism in Bedford to building a grassroots economic revival using Bitcoin. Peter discusses his legal battle with Craig Wright, the potential for Real Bedford to adopt a Bitcoin treasury strategy, and why localism, free speech, and economic reform are essential. Plus, Beimnet Abebe (Galaxy Trading) unpacks CPI trends, political pressure on the Fed, and market momentum. This episode was recorded on Wednesday, June 13, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/

Alex Thorn talks with Sam Abbassi, founder of Bitcoin Proof of Reserves company Hoseki, about Michael Saylor’s comments on proof of reserve, the strategic bitcoin reserve, and bitcoin’s auditability. Alex also talks with Beimnet Abebe about economic data, inflation, the Federal Reserve, and markets. This episode was recorded on Wednesday, June 4, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/

Alex Thorn talks to Prof. Brad Rettler (University of Wyoming) about evaluating bitcoin through first principles and whether it’s a net positive or negative for the world. Brad also explains the Bitcoin Research Institute, a first-of-its-kind institution solely focused on producing academic grade research on Bitcoin. Alex also talks to Beimnet Abebe (Galaxy Trading) about bitcoin’s new all-time high and pressure in fixed income markets. This episode was recorded on Wednesday, May 21, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠⁠www.galaxy.com/research/⁠⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/

In this episode of Galaxy Brains, Alex Thorn is joined by Galaxy Founder and CEO Mike Novogratz for a wide-ranging conversation on markets, Bitcoin momentum, and the company’s upcoming Nasdaq listing. They discuss crypto’s recent drawdown and rebound, the rise of Bitcoin treasury strategies, macro headwinds and dollar risks, and how stablecoin legislation could bolster U.S. financial leadership. Mike also shares why Galaxy is doubling down on AI infrastructure, what it means for the future of the firm, and how crypto and AI may converge. Alex also speaks with Beimnet Abebe from Galaxy Trading about equity market momentum, institutional positioning, and what could break the rally. This episode was recorded on Tuesday, May 13, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠⁠www.galaxy.com/research/⁠⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/

In this episode of Galaxy Brains, Alex Thorn is joined by Zack Shapiro, Head of Policy at the Bitcoin Policy Institute, to examine the DOJ’s criminal case against the developers of Samourai Wallet and its far-reaching implications for open-source software, financial privacy, and the future of non-custodial Bitcoin tools in the U.S. Alex also speaks with Natalia Li, Head of U.S. Policy at Galaxy, about the Senate’s stablecoin legislation and with Beimnet Abebe, Head of Credit Trading at Galaxy, about key Fed takeaways, market signals, and macro risks.  This episode was recorded on Wednesday, May 7, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at ⁠⁠www.galaxy.com/research/⁠⁠ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at ⁠⁠www.galaxy.com/disclaimer-galaxy-brains-podcast/