Galaxy Digital Surges to 319th in Trading Volume with 3.30 Billion in Volume and 16.78% Price Increase

On July 16, 2025, Galaxy Digital (GLXY) saw a significant surge in trading volume, reaching 3.30 billion, a 274.89% increase from the previous day. This surge placed Galaxy Digital at the 319th position in terms of trading volume for the day. The stock price of Galaxy Digital also rose by 16.78%.

Galaxy Digital has made a strategic investment in Function, a company pioneering a new standard for Bitcoin yield. This investment is part of a $10 million seed round, aiming to transform BTC into a secure, composable, and institutionally trusted asset across decentralized platforms. This move is expected to enhance Galaxy Digital's position in the cryptocurrency market and drive further innovation in the sector.

In the U.S., there is ongoing debate regarding the regulation of digital currencies. The current deadlock involves merging the market structure-focused CLARITY Act with another bill that prohibits the Federal Reserve from issuing a Central Bank Digital Currency (CBDC). This has caused dissatisfaction among committee members drafting these bills, who fear it will lead to the failure of both legislative efforts. Despite this, the U.S. House of Representatives has indicated that it has enough votes to advance stablecoin legislation, which could have a positive impact on the cryptocurrency market.