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Galaxy Brains

Galaxy Digital Research

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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.
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Professor Jim Al-Khalili talks to leading scientists about their life and work, finding out what inspires and motivates them and asking what their discoveries might do for us in the future
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Alex Thorn talks with Zane Glauber and Harry Austin (Galaxy Blockchain Infrastructure) about trends in blockchain technology, Galaxy’s staking business, on-chain governance, and more. Alex also talks with Beimnet Abebe about the Big Beautiful Bill, bitcoin again approaching all-time highs, and increasing risk appetite. This episode was recorded on …
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Have you ever considered the lighter side of dark matter?Comedy has proved an unexpectedly succesful way to engage people with science - as today's guest knows first-hand. Astrophysicist Catherine Heymans is a Professor at the University of Edinburgh and the current Astronomer Royal for Scotland. She’s spent her career studying dark matter and dark…
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In this episode of Galaxy Brains, Alex Thorn records live from Washington, D.C., where he’s attending the third annual Bitcoin Policy Summit, hosted by the Bitcoin Policy Institute (BPI). He welcomes BPI Executive Director Matthew Pines to discuss the growth of the summit, Bitcoin’s evolving role in U.S. policy conversations, and key legislative ef…
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As a young man, traveling in Africa, Tim Coulson - now Professor of Zoology at the University of Oxford - became seriously ill with malaria and was told a second bout would probably kill him. Aged only 20, this brush with his own mortality led him to promise himself he would write a complete guide to science: life, the universe and everything. His …
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Alex Thorn talks to Austin Campbell, NYU professor and founder of Zero Knowledge Consulting, about the passage of the GENIUS Act, prospects for market structure in the House, and what a tie-up between crypto and traditional finance means for both. Alex also talks to Beimnet Abebe (Galaxy Trading) about the Federal Reserve’s latest FOMC meeting, geo…
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Claudia de Rham has rather an unusual relationship with gravity. While she has spent her career exploring its fundamental nature, much of her free time has involved trying to defy it - from scuba diving in the Indian Ocean to piloting small aircraft over the Canadian waterfalls. Her ultimate ambition was to escape gravity’s clutches altogether and …
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On this week’s episode of Galaxy Brains, Peter McCormack, Chairman of Real Bedford FC, joins Alex Thorn to reflect on his journey after What Bitcoin Did from local activism in Bedford to building a grassroots economic revival using Bitcoin. Peter discusses his legal battle with Craig Wright, the potential for Real Bedford to adopt a Bitcoin treasur…
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When you think of Artificial Intelligence, does it inspire confidence, or concern? Although it's now generally accepted that this technology will play a major role in our future, a lot of conversations around AI and machine learning come back to the argument over us losing control and robots taking over. Happily, Neil Lawrence has a more optimistic…
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Alex Thorn talks with Sam Abbassi, founder of Bitcoin Proof of Reserves company Hoseki, about Michael Saylor’s comments on proof of reserve, the strategic bitcoin reserve, and bitcoin’s auditability. Alex also talks with Beimnet Abebe about economic data, inflation, the Federal Reserve, and markets. This episode was recorded on Wednesday, June 4, 2…
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A frozen, white world at the far-reaches of the globe, where you're surrounded by snow and silence, might sound rather appealing. Factor in temperatures that drop to -57°C and a few of us might be put off - but for glaciologist Liz Morris, that's very much her happy place. Liz is an Emeritus Associate at the University of Cambridge’s Scott Polar Re…
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Welcome to a world where medicine meets politics: a space that brings together scientific research, government wrangling, public push-back and healthcare conspiracies… Dr Anthony Fauci was the Director of America’s National Institute of Allergy and Infectious Diseases for nearly four decades, during which time he not only helped study, treat and pr…
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Alex Thorn talks to Prof. Brad Rettler (University of Wyoming) about evaluating bitcoin through first principles and whether it’s a net positive or negative for the world. Brad also explains the Bitcoin Research Institute, a first-of-its-kind institution solely focused on producing academic grade research on Bitcoin. Alex also talks to Beimnet Abeb…
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In this episode of Galaxy Brains, Alex Thorn is joined by Galaxy Founder and CEO Mike Novogratz for a wide-ranging conversation on markets, Bitcoin momentum, and the company’s upcoming Nasdaq listing. They discuss crypto’s recent drawdown and rebound, the rise of Bitcoin treasury strategies, macro headwinds and dollar risks, and how stablecoin legi…
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In this episode of Galaxy Brains, Alex Thorn is joined by Zack Shapiro, Head of Policy at the Bitcoin Policy Institute, to examine the DOJ’s criminal case against the developers of Samourai Wallet and its far-reaching implications for open-source software, financial privacy, and the future of non-custodial Bitcoin tools in the U.S. Alex also speaks…
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In this episode of Galaxy Brains, Alex Thorn is joined by Matt Pines, Executive Director of the Bitcoin Policy Institute, for a deep dive into national Bitcoin strategy, including the concept of a U.S. Strategic Bitcoin Reserve, the mechanics and potential of BitBonds, and the looming risks of quantum computing to Bitcoin’s cryptography. They explo…
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In this episode of Galaxy Brains, Alex Thorn speaks with Zack Pokorny, Galaxy Research Associate, about MESA, Galaxy Research’s first-ever governance proposal. Designed to reduce Solana inflation through a more democratic voting framework, the proposal introduces multiple voting options rather than a binary outcome. Zack unpacks the motivation behi…
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Have you ever pondered the fact that the universe is expanding? And not only that, it's expanding at an increasing speed - meaning everything around us is getting further and further away? If that isolating thought makes you feel slightly panicked, don't worry: this programme also contains wine! Brian Schmidt is a Distinguished Professor of Astroph…
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Alex Thorn talks with Max Bareiss (Galaxy Lending) about the state of the bitcoin and crypto lending market. Alex also talks with Beimnet Abebe (Galaxy Trading) about markets. This episode was recorded on Wednesday, April 16, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast,…
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How much information can you extract from a burnt fragment of human bone? Quite a lot, it turns out - not only about the individual, but also their broader lives and communities; and these are the stories unearthed by Jacqueline McKinley, a Principal Osteoarchaeologist with Wessex Archaeology. During her career, Jackie has analysed thousands of anc…
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Alex Thorn talks with James Check (Checkonchain) about the state of the bitcoin market. Alex and James discuss insights derived from onchain bitcoin data, what it tells us about bitcoin holder behavior, and what needs to change to build a base and move higher once again. Alex also talks with Connor Finemore (Galaxy Trading) about tariffs, treasurie…
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Surgeons often have to deal with the consequences of violent attacks - becoming all too familiar with patterns of public violence, and peaks around weekends, alcohol-infused events and occasions that bring together groups with conflicting ideals. Professor Jonathan Shepherd not only recognised the link between public violence and emergency hospital…
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Alex Thorn talks with Arjun Sethi, GP at Tribe Capital and Co-CEO of Kraken, one of the world’s biggest and oldest crypto exchanges, about markets, regulatory shifts, and institutional adoption of bitcoin. Alex also talks to Beimnet Abebe (Galaxy Trading), about markets, tariffs, and the U.S. economy in 2025. This episode was recorded on Wednesday,…
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Doyne Farmer is something of a rebel. Back in the seventies, when he was a student, he walked into a casino in Las Vegas, sat down at a roulette table and beat the house. To anyone watching the wheel spin and the ball clatter to its final resting place, his choice of number would’ve looked like a lucky guess. But knowing the physics of the game and…
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Alex Thorn talks with Anton Katz (Talos) about institutional crypto trading, adoption, and technology. Alex also talks with Connor Finemore (Galaxy Trading) about markets. This episode was recorded on Wednesday, March 19, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and…
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Elephants are the largest living land mammal and today our plant is home to three species: the African bush elephant, the African forest elephant, and the Asian elephant. But a hundred thousand years ago, in the chilly depths of the Ice Age, multiple species of elephant roamed the earth: from dog-sized dwarf elephants to towering woolly mammoths. T…
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Alex Thorn talks to Preston Pysh, host of the Bitcoin Fundamentals podcast and GP at Ego Death Capital, about the strategic bitcoin reserve, institutional bitcoin adoption, and macro markets. Alex also talks with Beimnet Abebe about markets and the FOMC meeting this week. This episode was recorded on Wednesday, March 19, 2025. ++ Follow us on Twitt…
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What does it take to earn the nickname, ‘The Leonardo da Vinci of heart surgery’? That's the moniker given to today's guest - a man who pioneered high-profile and often controversial procedures, but also helped drive huge medical progress; carrying out around 2,000 heart transplants and 400 dual heart-lung transplants during his 60-year career. Sir…
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Alex Thorn talks with Will Foxley (Blockspace Media) about the future of Bitcoin. Alex also talks with Beimnet Abebe about markets. This episode was recorded on Wednesday, March 12, 2025. ++ 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 b…
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Alex Thorn talks with Jake Chervinsky, Chief Legal Officer at Variant, about the presidential working group on digital assets, the Securities and Exchange Commission, and how Bank Secrecy Act and money transmission laws can be an existential threat to crypto. Alex also talks to Beimnet Abebe (Galaxy Trading) about markets. This episode was recorded…
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Alex Thorn talks with Marty Bent, managing partner at Ten31 and founder of TFTC, about bitcoin mining, artificial intelligence, strategic bitcoin reserve, bitcoin backed financial products, and bitcoin venture investing. Alex also talks with Beimnet Abebe (Galaxy Trading) about markets. This episode was recorded on Wednesday, February 26, 2025. ++ …
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Alex Thorn talks with Pantera founder Dan Morehead and Galaxy founder Mike Novogratz about their shared history in bitcoin and markets, the state of global bitcoin adoption, and the future of crypto. Alex talks with Dan and Mike about the Strategic Bitcoin Reserve (SBR), Telegram, artificial intelligence (AI), the Federal Reserve and macro and rate…
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Alex Thorn talks with Hester Peirce, Commissioner at the Securities & Exchange Commission (SEC) and head of the its Crypto Task Force, about the SEC’s priorities and plans to reshape its approach to regulating crypto in America. Alex and Hester also talk about the struggles of the last 4 years, the impact of the Presidential Working Group on Digita…
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Alex talks with Natalia Li (Galaxy Public Policy) about recent crypto regulatory news like the executive order, David Sack's congressional press conference, and Hester Peirce SEC content. Alex also talks with Beimnet Abebe (Galaxy Trading) about markets. This episode was recorded on Wednesday, February 5, 2025. ++ Follow us on Twitter, @glxyresearc…
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Alex Thorn talks with David Bailey (BTC Inc., Bitcoin Magazine) about Trump’s election and what it means for bitcoin policy. Alex also talks with Beimnet Abebe (Galaxy Trading) about markets. This episode was recorded on Wednesday, January 29, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn m…
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Alex Thorn talks to Tyler Williams (Galaxy’s Global Head of Policy) about the Crypto Ball, Trump Inauguration Weekend, and Trump’s early actions on crypto policy. Alex also talks with Beimnet Abebe (Galaxy Trading) about markets. This episode was recorded on Wednesday, January 22, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research …
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Alex Thorn talks with Dan Matuszewski (CMS Holdings) about bitcoin, crypto, AI, memecoins, politics, and the future of trading. Alex also talks with Beimnet Abebe (Galaxy Trading) about markets, rates, and inflation. This episode was recorded on Wednesday, January 15, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy…
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Alex Thorn talks with Columbia Business School professor Omid Malekan about stablecoins, tokenization, equities on the blockchain, and the strategic bitcoin reserve. Alex also talks with Beimnet Abebe about markets. This episode was recorded on Wednesday, January 8, 2025. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.c…
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What's it like living underwater for two weeks? What's the trickiest part of training to be an astronaut? What are the most memorable sights you see from space?Several extreme questions, all of which can be answered by one man: Major Tim Peake. After a childhood packed with outdoor adventures, via the Cub Scouts and school Cadet Force, Tim joined t…
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Alex Thorn talks with Paul Giordano (MARA) about the world’s largest Bitcoin miner and its plans for mining, bitcoin treasury operations, and AI. They also discuss the impact of tariffs, bitcoin development, ordinals, private mempools, and more. This episode was recorded on Thursday, December 23, 2024. ++ Follow us on Twitter, @glxyresearch, and re…
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Alex Thorn talks with PubKey founder Thomas Pacchia about bitcoin culture, a big year for BTC, and what comes next. Alex also talks with Beimnet Abebe about markets and the Federal Reserve’s latest rates decision. This episode was recorded on Thursday, December 18, 2024. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.co…
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Alex Thorn talks with Michael Saylor, Founder and Chairman of MicroStrategy (MSTR), about bitcoin crossing $100k, President Trump, the bitcoin strategic reserve, bitcoin development, proof of reserves, Ethereum, crypto in general, and much more. This episode was recorded on Thursday, December 5, 2024. ++ Follow us on Twitter, @glxyresearch, and rea…
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Alex Thorn talks with Sam Callahan (The News Block) about bitcoin markets, MicroStrategy, and the Trump administration’s impact on markets. Alex also talks with Beimnet Abebe (Galaxy Trading). This episode was recorded on Wednesday, December 4, 2024. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn …
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Alex Thorn talks with Anchorwatch CEO Rob Hamilton about ways the US government could securely store the “strategic bitcoin reserve,” why insurance on bitcoin is a big step forward, and happenings in the world of bitcoin development. Alex also talks with Beimnet Abebe (Galaxy Trading) about markets. This episode was recorded on Wednesday, November …
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Alex Thorn talks with Bitcoin personality American Hodl about the future of bitcoin adoption, the state of the market cycle, nation state adoption, and much more. Alex also talks with Galaxy Trading’s Beimnet Abebe about recent market action. This episode was recorded on Wednesday, November 20, 2024. ++ Follow us on Twitter, @glxyresearch, and read…
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Alex Thorn talks with Swan Bitcoin co-founder and CEO Cory Klippsten about bitcoin adoption, development, and policy. Alex also talks with Galaxy Trading’s Beimnet Abebe about markets. This episode was recorded on Wednesday, November 13, 2024. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! T…
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Alex Thorn talks with Beimnet Abebe (Galaxy Trading) about Trump’s election win and what it means for bitcoin. Alex also offers his own thoughts about the way forward. This episode was recorded on Wednesday, November 6, 2024. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and t…
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Alex Thorn talks with Coy Garrison, partner at Steptoe and former counsel to SEC Commissioner Hester Peirce, about how the SEC could reverse course on digital asset regulation if it wanted — such as under a change in leadership. Alex and Coy discuss timing, pragmatic steps the Commission is likely to take, and how the SEC’s current approach has bee…
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Alex Thorn talks with Quinn Thompson (Lekker Capital) about bitcoin, the election, ETHBTC, bitcoin mining and AI, nuclear energy, and his medium-term outlook. Alex also talks with Beimnet Abebe (Galaxy Trading) about markets. This episode was recorded on Wednesday, October 23, 2024. ++ Follow us on Twitter, @glxyresearch, and read our research at w…
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Alex Thorn talks with James Check (CheckOnChain) about bitcoin network data, how to use onchain data to spot market tops and bottoms, and what the fundamentals tell us about the state of the Bitcoin market today. Alex also talks with Beimnet Abebe (Galaxy Trading) about markets. ** Mentioned during the episode Check On Chain www.checkonchain.com Al…
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From Galaxy's Hong Kong headquarters, Alex talks with Chris Yu (SignalPlus) about the Bitcoin options market, the need for tooling to support advanced trading, and the future of onchain structured products. This episode was recorded on Wednesday, September 25, 2024. ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/res…
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