Galaxy Digital Holdings Ltd., the crypto financial services firm founded by Michael Novogratz, swung to a first-quarter profit from a loss amid a rebound in token prices and unrealized gains on investments. The New York-based firm reported net income of $134 million, or 41 cents a share, compared to a net loss of $111.2 million, 34 cents, a year-earlier. Galaxy’s loss was $288 million in the fourth quarter, when token prices collapsed amid a series of industry scandals and bankruptcies. “We enter the second quarter of 2023 extremely well positioned to grow our market share and build deeper relationships with our ... (full story)