Galaxy Digital Secures NYDFS Licenses for Institutional Crypto Services
- Regulatory Expansion: Galaxy Digital has received a BitLicense and Money Transmission License from the NYDFS, enabling its subsidiary GalaxyOne Prime NY to offer compliant digital asset services to institutional clients, thereby expanding its operations in one of the most regulated markets in the U.S.
- Market Potential Acknowledgment: CEO Mike Novogratz stated that New York represents the 'deepest pool of institutional capital' in the country, and these approvals will help broaden institutional access to digital assets, enhancing the company's position in a competitive market.
- Financial Performance Volatility: Despite reporting a net loss of $216 million in Q1 2023 primarily due to declining digital asset prices, Galaxy's total revenue reached $10.2 billion, down from $12.9 billion year-over-year, yet still exceeding analyst expectations.
- Future Growth Outlook: Galaxy anticipates accelerated revenue growth in the coming quarters as its data center business expands, particularly with its Helios Data Center in Texas supporting revenue tied to artificial intelligence and high-performance computing workloads.
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Technical Analysis for STRK
Technical Sentiment Analysis for Starknet (STRK). As of , Starknet (STRK) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 5 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STRK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, STRK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Starknet (STRK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0251 | 0.0322 | 0.0383 | 0.0454 | 0.0515 | 0.0586 | 0.0647 |
| Fibonacci | 0.0322 | 0.0373 | 0.0404 | 0.0454 | 0.0505 | 0.0536 | 0.0586 |
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