Galaxy Digital: Net loss of $94 million in Q3

According to Bloomberg, Galaxy Digital Holdings, Michael Novogratz's cryptocurrency financial services company, reported a net loss of $94 million in the third quarter, compared to a net loss of approximately $68 million in the same period last year. The company had a loss of approximately $46 million in the second quarter. It is widely predicted that Galaxy's losses will stabilize at around $44 million.