PANews February 11 News, according to CNBC, Galaxy Digital CEO Mike Novogratz stated at the Digital Finance Forum on Tuesday that the “speculative era” of cryptocurrencies may be coming to an end, and the industry will shift towards a development phase characterized by real-world assets and lower returns. Novogratz pointed out that this market correction reflects a structural change in the industry rather than a single event. He specifically mentioned the large-scale forced liquidation of leveraged positions in October 2025, believing it “wiped out many retail investors and market makers” and exerted ongoing pressure on prices. As more risk-averse institutional investors enter, the industry will gradually transition from high-multiple return expectations to the widespread adoption of global financial services based on blockchain infrastructure.
Regarding regulation, Novogratz revealed recent discussions with Senate Minority Leader Chuck Schumer, with both parties interested in advancing the CLARITY Act. He believes the bill is not only driven by multiple practical needs but also can “revitalize the spirit” of the crypto market, and he is confident that the structural legislation for the crypto market will eventually become law.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Elon Musk's X Is Making Big Changes to Combat Crypto Scams
In brief
Social media platform X is working on new changes to combat crypto scams on the platform.
The platform will attempt to lock down accounts that are posting about crypto for the first time, particularly those with large followings.
The change comes as financial scams continue to
Decrypt37m ago
Toobit Announces $200K TradFi Campaign Featuring 0.01% Maker Fees and Loss Protection
Toobit, the popular and award-winning international cryptocurrency exchange, announced a 200,000 USDT campaign, which will be focused on its integrated TradFi markets.
The move follows a recent expansion of the firm’s TradFi offerings, which enabled the direct trading of assets such as gold and g
CryptoPotato51m ago
What Does an Eight-Figure ADA Deployment Mean for Cardano DeFi?
_Cardano Foundation deploys an eight-figure ADA amount into Cardano DEXs through Flowdesk, targeting stablecoin depth, slippage reduction and broader DeFi adoption._
The Cardano Foundation is putting real money where its roadmap is. According to @Cardano_CF on X, the Foundation and Flowdesk are
LiveBTCNews2h ago
Ripple’s XRP Crashes 7% Weekly While New Crypto Project GCOIN by PlayNance Gains Momentum
The cryptocurrency market has lost more than $200 billion in total capitalization over the past few days. This comes on the back of a 7% drop in Bitcoin’s price, which also dragged down most altcoins. Ripple’s XRP is no exception.
XRP Price Shaky Amid Global
CryptoPotato3h ago
Top 100 cryptocurrencies by market cap today: price changes — M up 6.51%, UNI down 12.10%
On April 2, among the top 100 cryptocurrencies, MemeCore had the highest gain at 6.51%, while Uniswap had the largest decline at 12.10%. Overall, market volatility was clearly evident.
GateNews4h ago
Solana Meme Coin Linked to Death Hoax for 194-Year-Old Tortoise—Who Is Very Much Alive
In brief
Jonathan, a giant tortoise living in St. Helena that is nearly 200 years old, was falsely reported as dead on Wednesday.
The report was a hoax and April Fool's Day joke that generated millions of views on social media.
A Solana meme coin was connected to the hoax, and has
Decrypt4h ago
