The NYDFS approvals allow GalaxyOne Prime NY to offer trading and financing services to institutional investors in one of the most tightly regulated US crypto markets.

Hosting revenue outpaced mining as new capacity came online, highlighting Soluna’s shift toward data centers for AI and high-performance computing.

Institutional investors pulled capital from Bitcoin and Ether products as Iran tension and rising inflation rattled markets, while XRP and Solana funds continued to attract fresh inflows.