Podcast
Galaxy Brains
Hosted by Galaxy Digital Research · EN
Welcome to Galaxy Brains, hosted by Alex Thorn, Head of Research at Galaxy. Our weekly podcast provides insights and analysis on trends and events across the cryptocurrency ecosystem. Each week Alex will be joined by members of the research team to discuss the latest developments on all things crypto and blockchain technology.
24episodes
Episodes
Newest firstAll episodes
Anchorage and the Charter Wars with Nathan McCauley
Yesterday00:49:38Summary readyAlex Thorn talks with Nathan McCauley, CEO of Anchorage, about Anchorage winning crypto’s first national bank charter and how they spent years fighting the very regulator that granted it. Now the OCC lane is reopening, competitors are piling in, and CEO Nathan McCauley explains what it means for crypto’s next phase. Alex also speaks with Beimnet Abebe (Galaxy Trading) about markets. Participants, along with Galaxy Digital, hold a financial interest in Anchorage Digital and Bitcoin (BTC). Galaxy regularly engages in buying and selling BTC, including hedging transactions, for its own proprietary accounts and on behalf of its counterparties. Galaxy also provides services to vehicles that invest in BTC. If the value of such assets increases, those vehicles may benefit, and Galaxy’s service fees may increase accordingly. The valuation in this communication is based on technical, fundamental, and market analysis and not on any formal valuation method. For more information, please refer to Galaxy’s public filings and statements. Cryptocurrencies, including BTC, are inherently volatile and risky and ultimate market movements may not align with this statement. For additional risks related to digital assets, please refer to the risk factors contained in filings Galaxy Digital Inc. makes with the Securities and Exchange Commission (the “SEC”) from time to time, including its Quarterly Report on Form 10-Q, available at www.sec.gov. This episode was recorded on Wednesday, May 6, 2026. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/
SummaryMIAMI TAPES: Johann Kerbrat (Robinhood)
2d ago00:20:53Summary readyAlex Thorn talks with Robinhood’s General Manager of Crypto Johann Kerbrat on the sidelines of Consensus 2026. Johann and Alex talk about the growth of crypto activity on the platform, their plans for tokenized securities, and the convergence of traditional markets and crypto. For additional risks related to digital assets, please refer to the risk factors contained in filings Galaxy Digital Inc. makes with the Securities and Exchange Commission (the “SEC”) from time to time, including its Quarterly Report on Form 10-Q, available at www.sec.gov. This episode was recorded on Wednesday, May 6, 2026. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/
SummaryBitcoin Debates Spam & Quantum with Matt Corallo
1w ago01:15:07Summary readyAlex Thorn talks with Matt Corallo, Bitcoin developer at Spiral, about debates over Bitcoin’s development path, node implementations, and pathways and possibilities for mitigating the impact of a potential future cryptographically relevant quantum computer. Matt first contributed to Bitcoin Core in 2011 and today focuses on building tools for Bitcoin’s Lightning Network. Alex also talks with Beimnet Abebe (Galaxy Trading) about rising inflation expectations, the new Fed chair, and tricky macro conditions. Participants, along with Galaxy Digital, hold a financial interest in Bitcoin (BTC). Galaxy regularly engages in buying and selling BTC, including hedging transactions, for its own proprietary accounts and on behalf of its counterparties. Galaxy also provides services to vehicles that invest in BTC. If the value of such assets increases, those vehicles may benefit, and Galaxy’s service fees may increase accordingly. The valuation in this communication is based on technical, fundamental, and market analysis and not on any formal valuation method. For more information, please refer to Galaxy’s public filings and statements. Cryptocurrencies, including BTC and ZEC, are inherently volatile and risky and ultimate market movements may not align with this statement. For additional risks related to digital assets, please refer to the risk factors contained in filings Galaxy Digital Inc. makes with the Securities and Exchange Commission (the “SEC”) from time to time, including its Quarterly Report on Form 10-Q, available at www.sec.gov. This episode was recorded on Wednesday, May 13, 2026. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/
SummaryCrypto is Eating Finance with Arjun Sethi
2w ago00:41:22Summary readyAlex Thorn talks with Arjun Sethi, Co-CEO of Kraken, about the evolution of crypto exchanges, regulatory landscapes, and blockchain technology. Alex also talks with Beimnet Abebe (Galaxy Trading) about markets. Participants, along with Galaxy, hold a financial interest in Bitcoin (BTC). Galaxy regularly engages in buying and selling BTC, including hedging transactions, for its own proprietary accounts and on behalf of its counterparties. Galaxy also provides services to vehicles that invest in BTC. If the value of such assets increases, those vehicles may benefit, and Galaxy’s service fees may increase accordingly. The valuation in this communication is based on technical, fundamental, and market analysis and not on any formal valuation method. For more information, please refer to Galaxy’s public filings and statements. Cryptocurrencies, including BTC, are inherently volatile and risky and ultimate market movements may not align with this statement. For additional risks related to digital assets, please refer to the risk factors contained in filings Galaxy Digital Inc. makes with the Securities and Exchange Commission (the “SEC”) from time to time, including its Quarterly Report on Form 10-Q, available at www.sec.gov. This episode was recorded on Wednesday, May 6, 2026. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/
SummaryBitcoin Descends on Las Vegas w/ Alex Thorn
3w ago00:23:39Summary readyAlex Thorn reports live from Bitcoin 2026 at the Venetian Resort and Casino in Las Vegas. Alex walks the floor, explains the vibes, and appears on a panel about quantum computing and its potential to impact Bitcoin. Alex also checks in with Beimnet Abebe (Galaxy Trading) about markets, the incoming Fed Chair, and the state of the Iran War. Participants, along with Galaxy Digital, hold a financial interest in (BTC). Galaxy regularly engages in buying and selling BTC, including hedging transactions, for its own proprietary accounts and on behalf of its counterparties. Galaxy also provides services to vehicles that invest in BTC. If the value of such assets increases, those vehicles may benefit, and Galaxy’s service fees may increase accordingly. The valuation in this communication is based on technical, fundamental, and market analysis and not on any formal valuation method. For more information, please refer to Galaxy’s public filings and statements. Cryptocurrencies, including BTC, are inherently volatile and risky and ultimate market movements may not align with this statement. For additional risks related to digital assets, please refer to the risk factors contained in filings Galaxy Digital Inc. makes with the Securities and Exchange Commission (the “SEC”) from time to time, including its Quarterly Report on Form 10-Q, available at www.sec.gov. This episode was recorded on Wednesday, April 29, 2026. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/
SummaryBuilding Bitcoin While Battling Cancer with Becca Rubenfeld
4w ago01:18:57Summary readyAlex Thorn talks with Anchorwatch co-founder and COO Becca Rubenfeld about building hyper secure Bitcoin wallets, the evolving custody landscape, and insurance in the Bitcoin world. Alex and Becca also discuss her battle with cancer, her decision to be public about her diagnosis and treatment, and how her fight against cancer has changed her worldview. Alex also talks with Beimnet Abebe (Galaxy Trading) about the Strait of Hormuz, equity markets, and Bitcoin’s rally. Participants, along with Galaxy Digital, hold a financial interest in (BTC). Galaxy regularly engages in buying and selling BTC, including hedging transactions, for its own proprietary accounts and on behalf of its counterparties. Galaxy also provides services to vehicles that invest in BTC. If the value of such assets increases, those vehicles may benefit, and Galaxy’s service fees may increase accordingly. The valuation in this communication is based on technical, fundamental, and market analysis and not on any formal valuation method. For more information, please refer to Galaxy’s public filings and statements. Cryptocurrencies, including BTC, are inherently volatile and risky and ultimate market movements may not align with this statement. For additional risks related to digital assets, please refer to the risk factors contained in filings Galaxy Digital Inc. makes with the Securities and Exchange Commission (the “SEC”) from time to time, including its Quarterly Report on Form 10-Q, available at www.sec.gov. This episode was recorded on Wednesday, April 22, 2026. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/
SummaryIs the Quantum Threat to Bitcoin Real? with Alex Pruden
Apr 1601:04:14Summary readyAlex Thorn talks with Alex Pruden, co-founder and CEO of Project Eleven, about the risk that quantum computers pose to Bitcoin, blockchains, and digital assets. The two Alex’s discuss timelines, mitigations, narratives, and headwinds. Alex Thorn also talks with Beimnet Abebe (Galaxy Trading) about markets, the Strait of Hormuz, and bitcoin price. Participants, along with Galaxy Digital, hold a financial interest in (BTC). Galaxy regularly engages in buying and selling BTC, including hedging transactions, for its own proprietary accounts and on behalf of its counterparties. Galaxy also provides services to vehicles that invest in BTC. If the value of such assets increases, those vehicles may benefit, and Galaxy’s service fees may increase accordingly. The valuation in this communication is based on technical, fundamental, and market analysis and not on any formal valuation method. For more information, please refer to Galaxy’s public filings and statements. Cryptocurrencies, including BTC, are inherently volatile and risky and ultimate market movements may not align with this statement. For additional risks related to digital assets, please refer to the risk factors contained in filings Galaxy Digital Inc. makes with the Securities and Exchange Commission (the “SEC”) from time to time, including its Quarterly Report on Form 10-Q, available at www.sec.gov. This episode was recorded on Wednesday, April 16, 2026. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/
SummaryOpen Blockchains Are The Future w/ Mert
Apr 900:59:42Summary readyAlex Thorn talks with Helius CEO Mert about Solana, Bitcoin & quantum, and permissioned blockchains. Alex also talks with Beimnet Abebe (Galaxy Trading) about the market impact of geopolitics, the likelihood of a lasting ceasefire with Iran, and the impact of the Strait of Hormuz. Participants, along with Galaxy, hold a financial interest in Bitcoin (BTC) and Ethereum (ETH). Galaxy regularly engages in buying and selling BTC, ETH, including hedging transactions, for its own proprietary accounts and on behalf of its counterparties. Galaxy also provides services to vehicles that invest in BTC and ETH. If the value of such assets increases, those vehicles may benefit, and Galaxy’s service fees may increase accordingly. The valuation in this communication is based on technical, fundamental, and market analysis and not on any formal valuation method. For more information, please refer to Galaxy’s public filings and statements. Cryptocurrencies, including BTC and ETH, are inherently volatile and risky and ultimate market movements may not align with this statement. For additional risks related to digital assets, please refer to the risk factors contained in filings Galaxy Digital Inc. makes with the Securities and Exchange Commission (the “SEC”) from time to time, including its Quarterly Report on Form 10-Q, available at www.sec.gov. This episode was recorded on Wednesday, April 8, 2026. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/
SummaryNakamoto’s Next Phase with David Bailey
Mar 1901:09:48Summary readyAlex Thorn talks with Nakamoto CEO David Bailey about its acquisition of BTC Inc. and UTXO Management. The acquisition brings Bitcoin Magazine and The Bitcoin Conference under Nakamoto’s roof, making Nakamoto one of the first bitcoin treasury companies to acquire operating businesses. Alex and David also discuss the Trump Administration’s bitcoin and crypto policies and preview the upcoming Bitcoin 2026 conference in Las Vegas this April. Alex also talks with Beimnet Abebe about markets, Fed policy, and his constructive outlook on BTC. Participants, along with Galaxy, hold a financial interest in Bitcoin (BTC) and Ethereum (ETH). Galaxy regularly engages in buying and selling BTC, ETH, including hedging transactions, for its own proprietary accounts and on behalf of its counterparties. Galaxy also provides services to vehicles that invest in BTC and ETH. If the value of such assets increases, those vehicles may benefit, and Galaxy’s service fees may increase accordingly. The valuation in this communication is based on technical, fundamental, and market analysis and not on any formal valuation method. For more information, please refer to Galaxy’s public filings and statements. Cryptocurrencies, including BTC and ETH, are inherently volatile and risky and ultimate market movements may not align with this statement. For additional risks related to digital assets, please refer to the risk factors contained in filings Galaxy Digital Inc. makes with the Securities and Exchange Commission (the “SEC”) from time to time, including its Quarterly Report on Form 10-Q, available at www.sec.gov. This episode was recorded on Wednesday, March 18 , 2026. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/
SummaryThe Great Convergence of Crypto & TradFi w/ Alex Thorn
Mar 1201:03:12Summary readyAlex Thorn delivers a deep monologue about the state of institutional adoption of cryptos and blockchains. He discusses the tension between the banks’ and brokerages’ efforts to add crypto connectivity while their trade groups (BPI, ABA, ICBA) simultaneously oppose crypto institutional adoption and regulatory and legislative actions on multiple fronts. Alex also talks with Beimnet Abebe (Galaxy Trading) about oil and commodity markets, equities, and (crucially) what the market reaction to UAP disclosure by the U.S. government may be. Participants, along with Galaxy, hold a financial interest in Bitcoin (BTC). Galaxy regularly engages in buying and selling BTC, including hedging transactions, for its own proprietary accounts and on behalf of its counterparties. Galaxy also provides services to vehicles that invest in BTC. If the value of such assets increases, those vehicles may benefit, and Galaxy’s service fees may increase accordingly. The valuation in this communication is based on technical, fundamental, and market analysis and not on any formal valuation method. For more information, please refer to Galaxy’s public filings and statements. Cryptocurrencies, including BTC, are inherently volatile and risky and ultimate market movements may not align with this statement.For additional risks related to digital assets, please refer to the risk factors contained in filings Galaxy Digital Inc. makes with the Securities and Exchange Commission (the “SEC”) from time to time, including in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, filed with the SEC on November 10, 2025, available at www.sec.gov. This episode was recorded on Wednesday, March 11, 2026. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/
Summary