With the ongoing volatility in global cryptocurrency markets, the digital asset financial services company, Galaxy Digital, announced in its second quarter financial report that net losses had reached an astonishing $177 million, more than three times the figure from the same period last year. The company's holdings of digital assets also experienced a corresponding net loss, totaling $161.7 million. This loss is closely related to the overall performance of the cryptocurrency market. According to Coinglass data, Bitcoin saw nearly a 70% rise in value during the first three months, but then experienced a 12% decline in the following quarter. Despite this, Galaxy Digital's net income for the first half of the year reached approximately $245 million, representing over 175% growth compared to the first half of 2023.