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In an interview at Consensus 2024, the Galaxy Digital CEO was asked about a plethora of regulatory and legislative issues affecting crypto.

Four takeaways from CoinDesk’s interview in New York yesterday.

Institutional investors on crypto exchange Bybit increased meme coin allocations to a high of $300 million in April from $63 million at the start of this year.

Generally, increased liquidity leads to a tighter bid-ask spread, but that's not the case with meme coins.

The percentage of credit card loans outstanding for over 90 days has increased to the highest since 2012, a signal that speculative activity may ease off.

Meme coins have been increasingly seen as a way to bet on the growth of the underlying network they are issued on.

A Solana meme parody of the actual company was down 25% in the past 24 hours, with steep losses across other meme tokens that tended to move in tandem with GameStop.