Hyperliquid Gains Counter $216 Million Q1 Loss at Novogratz’s Galaxy Digital

In brief

• Galaxy Digital posted a first-quarter net loss of $216 million, or $0.49 per share, an improvement compared to a deficit of $295 million a year ago.
• The company attributed its second consecutive quarterly loss to a tepid crypto market.
• Founder and CEO Mike Novogratz said the firm’s…