Galaxy Digital Reports $177 Million Net Loss in Q2 Due to Declines in Crypto Markets

Galaxy Digital, a digital asset financial services company, has reported a net loss of $177 million in the second quarter, which is almost four times wider than the same period last year. The company attributed the loss to the decline in digital asset markets, with Bitcoin falling 12% during the quarter. Despite this, Russia has legalized crypto mining and California's DMV has loaded 42 million car titles on-chain. Meanwhile, Nvidia has become more volatile than Bitcoin and Ether.