No matter where you stand on Solana’s SIMD-0228, you should vote. Validators do more than run infrastructure—they represent their stakers in governance. At Galaxy, we're voting based on our stakers’ preferences because that’s how delegation should work 🧵 Digital assets are built on decentralization, choice, and community-driven governance. Validators have a responsibility to engage their delegates before voting. It’s not enough to assume what’s best. We need to listen. More validators should poll their stakers and, if opinions differ, split their votes.

Since 2021, the number of Bitcoin L2 projects has increased 7x, from 10 to 75. With $447M invested since 2018, Bitcoin L2s are transforming BTC’s utility.

@hiroto_btc's (@glxyresearch) latest report explores the evolution of Bitcoin L2s, from key characteristics and scaling solutions to a funding breakdown and a TAM analysis.

Here's everything you need to know about this ecosystem🧵 Bitcoin L2 projects have seen unprecedented growth, with 36% of all venture funding allocated in 2024 alone. By 2030, over $47B of BTC could be bridged into L2s to fuel DeFi, fungible tokens, payments, & more.

🏛️SEC Appears to Ease on SAB 121: On Sep. 9, SEC Chief Accountant Paul Munter disclosed a path for banks to gain relief from SAB 121, a rule requiring digital assets held by publicly traded companies to be on balance sheets. This could open the door for banks to enter the crypto custody market. 🏛️Background on SAB 121: Introduced in 2022, SAB 121 mandates that publicly traded companies account for digital assets on their balance sheets, posing risks to custody clients, who may become unsecured creditors in case of bankruptcy.

Understanding the Intersection of Crypto x AI

Exploring the intersection of crypto and AI, our recent report by @glxyresearch’s @Uptodatenow highlights innovative use cases that merge the best of both worlds.

A short thread on key takeaways from the report 🧵 Public #blockchains and #AI are reshaping our world, revolutionizing everything from transactions to content delivery. Their convergence promises to unlock new use cases and spur adoption.

1/ Bitcoin Mining an Industry in Limbo?
 
Thread 👇 2/ All the data in this thread comes from our new mid-year mining report written by @bitcoinbeezy @guerillav2 @simritdhinsa and @samellkay from the Galaxy Mining team with the help of @glxyresearch is now live – read the full report here galaxy.com/research/white…

1/ Galaxy is proud to announce a strategic alliance with @DWS_Group, one of the world’s premier asset managers, to create and distribute digital asset exchange-traded products and other asset management solutions. A 🧵on this exciting collaboration. galaxy.com/newsroom/galax… 2/ Galaxy and DWS recognize that Europe is fast becoming a more robust, mature market for digital assets. Together, we’re committed to developing a truly unique and innovative suite of digital asset products, starting with ETPs.

This report (and this 🧵) explores dollar-pegged #stablecoins, providing a comprehensive overview of their evolution over time.

We’ll discuss the major stablecoins around today, their designs, their dynamics, and their usage. To start, #stablecoins are digital representations of other assets for use on #blockchains.

Although able to track the price of other underlying assets, stablecoins are most commonly linked to USD. That’s what our report focused on.