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☆ A.I. and crypto are in focus at the annual gathering of the Wall Street trading community
▼ + stars: | 2023-06-07 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

It's time for the annual gathering of the trading community. Here's a rundown of some of the hot topics: Crypto in focus: SEC Chair Gary Gensler will be speaking at noon on Thursday. Electronic trading changed the trading world 30 years ago, is AI poised to do the same? Two pioneers of electronic trading, Virtu Financial founder Vinnie Viola and Peterffy, will be speaking at noon today, reflecting on the past and future of trading and will certainly be asked about the role AI will play in future trading. Tradeweb CEO Billy Hult and MarketAxess CEO Chris Concannon will discuss the growth in Treasury trading and the increasing electronification of the bond market.

Persons: I'm, Piper Sandler, Gary Gensler, Gensler, Binance, Michael Novogratz, Jean, Marie Mognetti, Vlad Tenev, Doug Cifu, Thomas Peterffy, Vinnie Viola, Peterffy, Ed Tilly, Terry Duffy, Billy Hult, Chris Concannon, Rich Repetto's, Rich Repetto Organizations: Piper, Piper Sandler Global Exchange, New York City, NYSE, Nasdaq, Cboe, London Stock Exchange, SEC, Galaxy Digital, Virtu, Global, Treasury, CME, Citadel, CNBC PRO Locations: New York

☆ CNBC Pro speaks with the Galaxy Investment Partners CEO on what's next for Bitcoin and the markets
▼ + stars: | 2023-05-02 | by ( Joshua Natoli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro speaks with the Galaxy Investment Partners CEO on what's next for Bitcoin and the marketsCNBC's Bob Pisani sat down with Galaxy Investment Partners CEO, Mike Novogratz, at the BTIG Charity Day in New York City. They discuss the future of Bitcoin and the cryptocurrency space, as well as what the Federal Reserve's next move is.

☆ A Once-Pink Manhattan Townhouse Gets a Paint Job and $29.95 Million Price Tag
▼ + stars: | 2023-04-28 | by ( E.B. Solomont | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. Serial house-flippers Cortney and Robert Novogratz have done it again. This time, they are asking $29.95 million for a newly renovated Manhattan townhouse that was painted bright pink for decades.

☆ Fanatics moves one step closer to IPO, hiring Meta's head of investor relations
▼ + stars: | 2023-04-27 | by ( Ian Thomas | ) www.cnbc.com time to read: +7 min

While an IPO is not on the immediate horizon, the company is taking a step in the direction of preparing for one, hiring Meta's investor relations head to further build out its engagement with current and future shareholders. Deborah Crawford, who has served as Meta 's vice president of investor relations for more than eight years, is being appointed as Fanatics' head of investor relations, a new position at the company. Prior to Meta, Crawford was head of investor relations for Netflix, where she helped initiate the streaming company's first formal investor relations function, according to Fanatics. Schiffman declined to comment on the potential timing of a Fanatics IPO but confirmed the company has a goal of going public. Fanatics has seen its valuation and investor roster drastically expand in recent years, which has also helped to fuel IPO chatter.

☆ Mike Novogratz on what’s driving bitcoin’s run to $30k and where he sees it going from here
▼ + stars: | 2023-04-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

And so, the adoption cycle always accelerates when the price is going up – and we're seeing that – but it really has been a crypto-led rally." Bitcoin halving, a pending credit crunch and greater adoption should drive crypto to new highs within the next two years, he added. The comments from Novogratz come as bitcoin punched above the $30,000 level for the first time since June, while ether advanced toward the $2,000 level. Crypto assets have rallied this year as some investors bet the Federal Reserve will soon pause its hiking cycle. Despite renewed regulatory scrutiny around Coinbase , he expects the company to thrive because it's "doing a lot of smart things."

☆ Watch CNBC’s full interview with Galaxy Digital CEO Michael Novogratz
▼ + stars: | 2023-04-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Galaxy Digital CEO Michael NovogratzGalaxy Digital CEO Michael Novogratz joins ‘Squawk Box’ to discuss the state of cryptocurrency, potential U.S. regulatory framework, and whether the crypto market can bounce back.

☆ Latest crypto rally not built on new money, says Galaxy Digital CEO Mike Novogratz
▼ + stars: | 2023-04-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLatest crypto rally not built on new money, says Galaxy Digital CEO Mike NovogratzGalaxy Digital CEO Michael Novogratz joins ‘Squawk Box’ to discuss the state of cryptocurrency, potential U.S. regulatory framework, and whether the crypto market can bounce back.

☆ What happens during a ‘credit crunch’ — and how you can prepare for one
▼ + stars: | 2023-03-20 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

But what is a credit crunch and how might you prepare? Loans would be tougher to getDuring a credit crunch, banks significantly tighten their lending standards. Banks may prioritize a healthier balance sheetA credit crunch seems likely given banking woes that have unfurled over the past two weeks. A severe credit crunch isn't a foregone conclusion, though. How to prepare for a credit crunchThere are some steps consumers can take now to prepare for a possible credit crunch.

☆ Goldman Sachs just told us the banking crisis makes it more pessimistic about the economy - and other recession signals are blaring too
▼ + stars: | 2023-03-17 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

The bank crisis that started with Silicon Valley Bank last Friday continues to unfold with what feels like to-the-minute developments. First Republic Bank branch on Park Avenue in New York City. In light of the bank runs, bank failures, and bank stock volatility, those odds are now at 35%, strategists said Thursday, citing "increased near-term uncertainty" surrounding the effects of small bank stress. Silicon Valley Bank and Signature Bank marked the second and third largest bank failures in history, respectively, behind only Washington Mutual in 2008. She explained why you should be prepared for more interest-rate volatility as fears of a financial crisis rise.

☆ Meet the top 14 VCs who've bet the most cash on turning psychedelics into medical treatments
▼ + stars: | 2023-03-16 | by ( Yeji Jesse Lee | Catherine Schuster-Bruce | ) www.businessinsider.com time to read: +1 min

The firms on this list have invested about $347 million in psychedelics startups. Despite a downturn in venture funding, investors focused on psychedelics startups are continuing to write checks to back companies focused on developing compounds like MDMA and psilocybin, the psychoactive compound found in magic mushrooms. We narrowed our list to 14 firms by including only funds that invested at least $5 million into psychedelics companies and had portfolios made up of at least 30% psychedelics startups. Investors focused on earlier-stage startups, with most of the funds going to Series A rounds. Here are the top investors in the psychedelics industry, listed by how much capital they've deployed:

☆ Mike Novogratz says a credit crunch looms as banking crisis grows. Where he's looking for safety
▼ + stars: | 2023-03-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

The turmoil in the banking sector will hit the economy and continue to drag down the stock market, investor Mike Novogratz said Wednesday. In the latest crisis to hit the banking sector, Credit Suisse 's largest investor, Saudi National Bank, said it could not provide any more funding , according to Reuters. CS 1D mountain CS drops The decline added to pressure on U.S. stocks and the banking sector, which is already grappling with the collapse of Silicon Valley Bank and crypto-focused Signature Bank. On Sunday, banking regulators said it would backstop depositors with money at Silicon Valley Bank. Gold prices have moved higher , with the precious metal hitting a one-month high Monday as the banking turmoil drove bets the Fed may even pause its rate hikes.

☆ The US is heading for a credit crunch and now is the time to buy gold and bitcoin, Galaxy CEO Mike Novogratz says
▼ + stars: | 2023-03-15 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Galaxy Digital CEO said that the US is heading for a credit crunch and economic downturn. "[T]he commodity market is telling you, the oil market is telling you we're heading into a recession." "The commodity market is telling you, the oil market is telling you we're heading into a recession." Gold, meanwhile, rallied 1.37% Wednesday to about $1,937.50, and Brent crude oil, the international oil benchmark, tumbled 5.6% to trade around $73 a barrel. "And so you're going to see a credit crunch happening in the United States and that's starting to get priced into the market in a dramatic way."

☆ Commodity and oil market is telling you that we are heading into a recession: Galaxy Digital CEO
▼ + stars: | 2023-03-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCommodity and oil market is telling you that we are heading into a recession: Galaxy Digital CEOGalaxy Digital CEO Michael Novogratz joins 'Squawk Box' to discuss the state of regional banks, whether there is contagion risk in the global banking system, and more.

☆ How a family's struggle to help their son gave rise to controversial $400 million psychedelics giant Compass Pathways
▼ + stars: | 2023-02-15 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +18 min

Today, Compass Pathways, the for-profit company they launched in 2016, is a Nasdaq-listed firm worth about $400 million. Compass Pathways Show lessIt could also boost the dozens of psychedelics companies inspired by Compass that have been formed in recent years. Insider spoke with more than a dozen industry participants to chart the rise of Compass Pathways and its role in the psychedelics boom. He recalled the 2018 Quartz article that detailed the growing alarm around Compass Pathways' "magic mushroom monopoly." Were it not for his decision to take a break from college, and his parents' efforts to find a treatment, Compass Pathways might not exist.

☆ Galaxy Digital CEO Mike Novogratz: 2022 was a grand washout for crypto and growth stocks
▼ + stars: | 2023-01-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGalaxy Digital CEO Mike Novogratz: 2022 was a grand washout for crypto and growth stocksMichael Novogratz, CEO of Galaxy Digital, joins 'Squawk Box' to discuss Coinbase's decision to cut 20% of its workforce, the infrastructure around cryptocurrencies, and more.

☆ Watch CNBC's full interview with Galaxy Digital CEO Michael Novogratz
▼ + stars: | 2023-01-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Galaxy Digital CEO Michael NovogratzMichael Novogratz, CEO of Galaxy Digital, joins 'Squawk Box' to discuss Coinbase's decision to cut 20% of its workforce, the infrastructure around cryptocurrencies, and more.

☆ Billionaire bitcoin bull Mike Novogratz says 2023 will be a year for crypto markets to try and survive, and 'heal and rebuild narrative'
▼ + stars: | 2023-01-10 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Galaxy Digital CEO Mike Novogratz is still mostly upbeat about crypto in 2023. "The outlook for crypto is not horrible, but it's not great," Novogratz told CNBC. The bitcoin bull said crypto brokerage Genesis' liquidity woes are hanging over the industry. The bitcoin bull says the crypto outlook is "not horrible, but it's not great," he told CNBC's Squawk Box on Tuesday. Novogratz says that the Gemini and DCG debacle won't involve "a lot of selling" for crypto markets, but it's "just not great news."

☆ Fanatics is divesting its 60% stake in NFT company Candy Digital
▼ + stars: | 2023-01-04 | by ( Ian Thomas | ) www.cnbc.com time to read: +3 min

Michael Rubin's sports platform company Fanatics is divesting its 60% stake in NFT company Candy Digital, according to an internal email obtained by CNBC. Candy Digital was founded in June 2021 in the middle of the sports NFT boom, competing with companies like Dapper Labs in the digital sports collectible space. It also released digital collectibles with Netflix 's Stranger Things, WWE , and several Nascar teams. Dapper Labs, the company behind NBA Top Shot and NFL All Day digital trading platforms that ranked No. "Over the past year, it has become clear that NFTs are unlikely to be sustainable or profitable as a standalone business," Rubin wrote.

☆ Galaxy Digital Michael Novogratz on FTX: One black swan does not mean they're everywhere
▼ + stars: | 2022-12-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGalaxy Digital Michael Novogratz on FTX: One black swan does not mean they're everywhereMichael Novogratz, CEO of Galaxy Digital, joins CNBC's 'Squawk Box' to discuss crypto markets following Capitol Hill's hearings over the fallout of FTX.

☆ Send Sam Bankman-Fried to prison, Elon Musk suggests, while Binance's boss calls him a 'master manipulator'. 8 top figures weigh in on the disgraced FTX founder.
▼ + stars: | 2022-12-10 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +5 min

FTX founder Sam Bankman-Fried is racking up critics after the implosion of his crypto exchange. Here's what top voices like Elon Musk, Bill Ackman and Binance boss CZ have said, in 8 top quotes. Now the crypto CEO is under fire from all sides, from Elon Musk and Bill Ackman to "Shark Tank" investor Mark Cuban. Given that, the crypto exchange boss said he feels like the mainstream media has given Bankman-Fried softball interviews. The crypto bull believes Bankman-Fried will probably end up in jail, but doesn't think he was acting alone.

☆ Russian oil just got hit with sanctions and a price cap after months of lead up. Here's what it means and what happens next.
▼ + stars: | 2022-12-05 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

If you take anything away from today's newsletter, let it be this: As of today, Russian oil faces a new European Union embargo, as well as a price cap. EU leaders have been debating a price cap for months, but on Friday agreed to a $60-a-barrel level. Some analysts predict Russian oil exports could drop by 1 million barrels per day, or about 20% of its seaborne volume. She told me over a video call from London that, ultimately, oil markets probably won't react dramatically in either direction. What do you think is the most likely outcome of the new sanctions on Russian oil?

☆ Mike Novogratz backs off his call for bitcoin to hit $500,000 in 5 years, blaming the Fed's rate hikes
▼ + stars: | 2022-12-02 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Mike Novogratz believes it'll take longer than he previously expected for bitcoin to hit $500,000. Federal Reserve rate hikes have suppressed the token's value this year, the Galaxy Digital CEO said. Novogratz had previously predicted bitcoin would hit $500,000 within five years. "No, not in five years," he told Bloomberg TV when asked about a previous prediction he'd made that bitcoin would hit $500,000 by 2027. "The Fed's in control and they're doing a darn good job and that's the main reason why crypto went down," he said.

☆ Galaxy wins bid for collapsed crypto lender Celsius' GK8 unit
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: +1 min

Dec 2 (Reuters) - Galaxy Digital Holdings Ltd (GLXY.TO) will buy crypto lender Celsius Network LLC-owned digital asset custody platform GK8, the crypto financial services company said on Friday. The deal will add nearly 40 people, including cryptographers and blockchain engineers, as well as an office in Tel Aviv, Galaxy said. Founded by Michael Novogratz, the company offers a suite of financial services including trading, asset management and investment banking among others to the crypto-focused companies. Reuters had reported in August that San Francisco-based blockchain payments company Ripple Labs Inc was interested in potentially purchasing assets of bankrupt crypto lender Celsius Network, according to a company spokesperson. Crypto markets were shaken by the collapse of the popular terraUSD and luna tokens in May, followed by the implosion of crypto exchange FTX last month.

☆ Sam Bankman-Fried was 'delusional' about how FTX collapsed and the culpability he deserves, Mike Novogratz says
▼ + stars: | 2022-12-01 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Sam Bankman-Fried is "delusional" about the downfall of FTX and his level of culpability in it, Mike Novogratz said. At the DealBook Summit, Bankman-Fried tried to deny having any knowledge of what was happening in his crypto empire. But while speaking to CNBC on Thursday, Novogratz wasn't buying any of it. Sam was delusional about what happened and his culpability in it," the Galaxy Investment Partners chief executive said. "They perpetuated a large fraud and it wasn't just Sam," Novogratz said.

☆ Sam Bankman-Fried is 'delusional' and needs to be prosecuted, says Michael Novogratz
▼ + stars: | 2022-12-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSam Bankman-Fried is 'delusional' and needs to be prosecuted, says Michael NovogratzMichael Novogratz, CEO of Galaxy Digital, joins 'Squawk Box' to react to Sam Bankman-Fried's interview with CNBC's Andrew Ross Sorkin at The New York Times' DealBook Summit on Wednesday over the collapse of FTX.

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