Tracing The Crypto Market Selloff: Hong Kong Hedge Funds, Or TradFi Cross-Asset Whales? [zero hedge]
Galaxy Digital Inc. - Class A common stock (GLXY)
Company Research
Source: zero hedge
Tracing The Crypto Market Selloff: Hong Kong Hedge Funds, Or TradFi Cross-Asset Whales? Via Wu Blockchain, Market Turmoil Sparks Rumors In early February 2026, the crypto market saw a sharp correction, with Bitcoin briefly falling to around $60,000, its lowest level since November 2024. The selloff closely coincided with cross-asset deleveraging across traditional financial markets: equities declined markedly, while precious metals also suffered steep losses — silver posted one of its largest single-day declines on record, while gold saw its largest one-day drop since the early 1980s. Analysts broadly attributed the crypto downturn to rising macro uncertainty (such as reports of a more hawkish candidate for Federal Reserve chair) and large ETF outflows. Against this backdrop, a narrative began circulating on crypto social media suggesting that the violent selloff was not driven purely by macro factors, but instead originated from the blow-up of a large fund forced to liquidate its Bit
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High impacting Galaxy Digital Inc. - Class A common stock news events
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GLXY
News
- Galaxy Digital gets TSX approval for $200M share buyback [Seeking Alpha]Seeking Alpha
- Galaxy Digital normal course issuer bid approved by TSX [Seeking Alpha]Seeking Alpha
- Galaxy Digital Gets TSX Approval of Normal Course Issuer Bid for Class A Shares [Yahoo! Finance]Yahoo! Finance
- Galaxy Announces TSX Approval of Normal Course Issuer Bid for Class A Common StockPR Newswire
- Galaxy Digital shares jump 18% after company approves $200 million buyback [Yahoo! Finance]Yahoo! Finance
GLXY
Earnings
- 2/3/26 - Beat
GLXY
Sec Filings
- 2/6/26 - Form SCHEDULE
- 2/5/26 - Form 4
- 2/5/26 - Form 4
- GLXY's page on the SEC website