Jefferies gives Galaxy Digital a buy rating with a target price of $35.00

On July 23, CoinDesk reported that investment bank Jefferies initiated coverage of cryptocurrency investment bank Galaxy Digital ($GLXY) with a buy rating and a price target of $35.00. Jefferies stated that Galaxy Digital is well-positioned to capture upside opportunities in a favorable cryptocurrency regulatory environment. The investment bank noted that the passage of the U.S. GENIUS Act provides a "favorable market structure" for Galaxy's business. [TechFlow]