Galaxy Research cooked in July👨‍🍳 We published 10 public-facing full-length reports: Jul. 31: Overview of Crypto VC Q2 2025 Jul. 30: The Rise of Digital Asset Treasury Cos Jul. 25: Ethereum L2 Base is Thriving Jul. 23: Why ETH's Unstaking Queue Has Swelled Jul. 23: Crypto Policy Under Trump: H1 2025 Jul. 16: Onchain Crypto Infra Shines in PUMP ICO Jul. 15: Ethereum as a Corporate Treasury Asset Jul. 10: Hyperliquid's L1 Begins to Find its Footing Jul. 2: Why Futarchy Matters Jul. 1: Why are BTC Treasury Cos Trading at High Prems to NAV? We covered more than a dozen other topics in our weekly newsletter ( but highlighted the following: Jul. 26: Jito's Vision for Solana Block Space Jul. 18: Congress's 'Crypto Week' Delivers Jul. 12: SEC Critiques Tokenized Security "Wrappers" Jul. 4: Robinhood's Big Tokenization Push Alex hosted Galaxy's Harry Austin, Zane Glauber (Galaxy Staking), and Jason Urban (Head of Global Markets) on Galaxy Brains. Alex also talked with @River's @Leishman, @CastleIslandVC's @nic__carter, and @TaprootWizards' @udiWertheimer. >> What do you want us to cover in August?

The first BitVM-based trust minimized bridge is one step closer to mainnet! Clementine will unlock a new world for programmable BTC 🤝

Let’s talk Q2! Markets, results, and where $GLXY goes from here. I’ll be live with @intangiblecoins and Tony Paquette this week.

The Rise of Digital Asset Treasury Companies A new wave of public companies is using crypto as a capital strategy. $100B+ in BTC, ETH, & more Here's what you need to know 🧵

We were proud to and honored to contribute to @WhiteHouse's Presidential Working Group on Digital Asset Markets report. See our contributions on page 15 and page 35 of the report!

Ethereum turns 10 today🥳 In honor of a decade of growth for the second most valuable blockchain and the top smart contract network, @glxyresearch created a look back at key moments in Ethereum’s history. One chart, 10 years of innovation.

STABLECOINS ARE NARROW BANKS and they will be the most disruptive innovation to traditional banking and payments in decades @nic__carter and i discussed this at length in the latest episode of @galaxy__brains

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Crypto VC deal count and capital invested fell QoQ to $1.97 bn across 378 deals in Q2 2025.

Struggling to keep up with all of crypto's policy wins in the new administration? This new report from Galaxy Research has you covered 👇