Adams Medina Rhonda sold $197K of GLXY

Novogratz Michael (Chief Executive Officer) purchased 760,000 indirectly-held shares of Galaxy Digital Inc. (GLXY) at an average of $12.98 ($12.69–$13.63, $9.86M total) across 2 trades on 2026-11-05. Filed jointly with Galaxy Group Investments LLC (10% owner).

Coinbase (COIN) and MicroStrategy (MSTR) shares fell 12.4% and 6.1% respectively, as crypto stocks declined following a Binance hack and broader tech selloff. Bitcoin dropped 5% to $77,900. Coinbase reported $719M net income, but adjusted net income was $78M. MicroStrategy reported $19.5B net income, driven by bitcoin holdings.

Cryptocurrency-linked stocks fell 5% premarket after a reported $6.36B hack of Binance, the largest crypto theft on record. Bitcoin and Ether also declined. Binance promised to cover losses, but $3.3B remains unaccounted for. Affected stocks include MSTR, COIN, HUT, HOOD, CIFR, RIOT, GLXY, MARA, and CLSK.

Binance, the world's largest crypto exchange, reported a hack impacting $6.3 billion in assets. The company stated it would cover all losses and users' funds are safe. The news caused crypto prices, including Bitcoin and Ethereum, to drop about 4%, and crypto-linked stocks like Coinbase and Circle Internet Group fell between 6% and 7%. Analysts suggest this could test buyer sentiment and potentially lead to further sell-offs.

Cryptocurrency-linked stocks fell Friday after a reported $6.3 billion hack at Binance. MSTR dropped 6%, HOOD 5%, RIOT 5.4%, GLXY 5%, HUT and CLSK each 6%. Binance froze $3B in assets, with the rest unaccounted for. BTC and ETH fell over 3%.

Hackers stole $6.36 billion from Binance, the largest crypto theft on record, causing crypto-linked stocks to drop in premarket trading. Bitcoin and other cryptocurrencies also fell. Binance plans to cover losses and has recovered about $3 billion. MicroStrategy, Coinbase, Hut 8, and others saw declines of 5% or more.