Alex Thorn

Markets

The combined market value of cryptocurrencies is the highest since May 2022, when Terra's collapse marked the beginning of the crypto winter.

By Krisztian SandorDec 4, 2023

Alex Thorn, head of research at Galaxy, sees inflows to spot bitcoin ETFs reaching more than $14 billion in the first year after a potential SEC approval and the price of bitcoin spiking to $47,000. He also sees approval of these products possibly occurring this year.

Oct 31, 2023

By Laura ShinOct 27, 2023

Bitcoin (BTC) saw a massive rally in the last 24 hours, amid investor optimism over the SEC accepting a spot bitcoin ETF. Galaxy Digital Head of Firmwide Research Alex Thorn joins CoinDesk's State of Crypto 2023 event in Washington, D.C. to discuss the potential impact of such an approval on the digital assets space. Plus, a closer look at Senators Thom Tillis (R-NC) and John Hickenlooper (D-CO) introducing the Proving Reserves of Others Funds, also known as the "PROOF Act."

Oct 24, 2023

As part of CoinDesk's State of Crypto 2023 event in Washington, D.C., Galaxy Digital Head of Firmwide Research Alex Thorn discusses the significance Senators Thom Tillis (R-NC) and John Hickenlooper (D-CO) introducing the Proving Reserves of Others Funds, also known as the "PROOF Act." "It would add significant consumer safety and transparency to the industry," Thorn said. "It would directly address some of the blow-ups from last year."

Oct 24, 2023

Galaxy Digital Head of Research Alex Thorn shares insights into the state of crypto venture funding throughout 2022. He points out a specific decline in pre-seed round deals and a "lion's share of deals done" in the Web3, NFTs, and Metaverse bucket.

Jan 9, 2023

Venture capitalists invested more than $30 billion into crypto and blockchain startups in 2022, despite the macro headwinds and the market downturn. Galaxy Digital Head of Firmwide Research Alex Thorn shares his insights. Plus, a closer look on why Web3 accounted for most deals and the U.S. dominance in crypto venture capital.

Jan 9, 2023

Martin Leinweber, Digital Asset Product Strategist at Market Vector Indexes (MV), discusses the potential impact of the upcoming Ethereum merge on the NFT markets. “It is clear the bullish merge narrative got overheated,” Leinweber said.

Aug 24, 2022

A new Galaxy Digital report explores the concerns over non-fungible token (NFT) intellectual property (IP) rights. Galaxy Digital Head of Research Alex Thorn breaks down the key takeaways, saying “only one project in the top 25 by implied market cap actually attempts to give true ownership for the underlying artwork to its token holders.”

Aug 24, 2022

A new report from Galaxy Digital highlights the concerns over non-fungible token (NFT) intellectual property (IP) rights. Galaxy Digital Head of Research Alex Thorn discusses the key findings, saying "the vast majority of NFT art projects ... convey no actual ownership for the underlying content."

Aug 24, 2022