Industry Events & Collaboration - Chainlink 与 Blockchain Association 在华盛顿特区共同举办 Tokenized in America 活动，旨在推进美国下一代金融创新 [1] - Blockchain Association 举办特别活动，Chainlink 参与 [1] Digital Asset Leadership - Blockchain Association 强调美国在数字资产领域的领导机会 [2]

Core Insights - BNY has achieved significant adoption of its AI platform, Eliza, with 96% of employees using it in the first half of the current fiscal year, following a 36% adoption rate in the first year [2][3] - The bank's CEO, Robin Vince, expressed optimism about the long-term benefits of AI, indicating that while it is currently viewed as an expense, it is expected to enhance employee productivity by allowing them to focus on higher-value tasks [3][4] - BNY reported record sales and revenue exceeding $5 billion for the first time in a quarter, with a year-over-year revenue increase of 9% attributed to its transformation and role in capital markets [5][6] AI Adoption and Benefits - The bank is witnessing early signs of benefits from AI implementation, with expectations for acceleration in these benefits by 2026 and beyond [4] - BNY is committed to making AI accessible to all employees, emphasizing a company-wide integration of the technology [4] Digital Assets and Stablecoin Services - BNY is positioning itself as a leader in the stablecoin market, having been selected by Societe Generale and Ripple for custodial services related to their U.S. dollar-pegged stablecoins [7][8] - The bank is enhancing its service offerings to support institutions interested in digital assets, indicating a strategic focus on this growing market [7][8]

if you had asked me a few years ago when I created Solana that one of our devs would go on to become president of the USA and change all crypto regulationI would have believed you because that's the power of SolanaBitcoin Magazine (@BitcoinMagazine):JUST IN: 🇺🇸 President Donald Trump says "HAPPY CRYPTO WEEK!""Digital Assets are the FUTURE, and we are leading by a lot! Get the first Vote done this afternoon" https://t.co/gEaCnDcp9n ...

"As these companies continue to transfer billions/month of public market capital into digital assets, that capital will translate into DeFi TVL" https://t.co/ZRMt3iufVRKyle Reidhead | Milk Road (@KyleReidhead):If it's not obvious to you yet...the Crypto Treasury Companies are the next BIG thing for cryptothese are not scams or money grabsthey're becoming the largest users of DeFi and transferor of public market capital into cryptoThere's 3 important things to understand1. A ...

Core Insights - The Bank of New York Mellon Corporation reported Q2 2025 earnings per share of $1.93, a 27% increase year over year, with total revenue exceeding $5 billion for the first time, marking a 9% year-over-year growth [1] - The bank's pretax margin improved to 37%, and return on tangible common equity (ROTCE) reached 28%, indicating effective transformation strategies [1] Digital Assets and Platform Innovation - BNY Mellon secured stablecoin custody mandates with Societe Generale and Ripple, showcasing its growing presence in digital finance infrastructure [3][5] - The bank offers a comprehensive range of digital asset services, including issuance and custodianship, and operates bitcoin custody services in 100 markets globally [4] Capital Management - BNY Mellon maintained an 11.5% CET1 ratio and returned $1.2 billion to shareholders, achieving a 92% total payout ratio year-to-date, reflecting disciplined capital management [6][7] - The Federal Reserve's 2025 stress tests confirmed the bank's stress capital buffer remains at the regulatory floor of 2.5% [6] Operating Model Transformation - Fifty percent of BNY's workforce is now operating within a new platform model, contributing to 500 basis points of positive operating leverage in Q2 2025 [8] - The adoption of the Eliza AI platform is expected to enhance efficiency and support new solution development for clients [9][10] Future Outlook - Management raised the forecast for full-year 2025 net interest income to high single-digit percentage growth and reaffirmed expectations for solid fee revenue growth [11] - BNY Mellon plans to return approximately 100% of 2025 earnings through dividends and buybacks [11]

NEW: 🇺🇸 In his "CRYPTO WEEK" Truth Social post, President Trump claims the US will "Make America the UNDISPUTED, NUMBER ONE LEADER in Digital Assets."Trump also claims that it will "put our Great Nation lightyears ahead of China, Europe and all others." https://t.co/jgzcH1xoAH ...

This is a very big week for crypto. As you are all aware, July 14th officially kicked off crypto week in the US, which brings together the house that will deliver on the president of the United States's call to make the United States the crypto capital of the world. This includes the Clarity Act, the anti-CDC surveillance state act, and also even the Genius Act.Now when we think about all of this, okay, what we are witnessing in the US is the evolution of the crypto market completely. We are now starting to ...

Financial Data and Key Metrics Changes - The company reported a net income of $4 billion and earnings per share of $1.96, with a return on tangible common equity (ROTCE) of 8.7% [4][19] - Revenues increased by 8% year-over-year, driven by growth across all business lines, with total revenues reaching $21.7 billion [4][19] - Net interest income excluding markets rose by 7%, while non-interest revenues, excluding markets, increased by 1% [20] Business Line Data and Key Metrics Changes - Services revenue grew by 8%, with a ROTCE of 23% for the quarter, driven by robust growth in loans and deposits [5][30] - Markets revenues increased by 16%, with fixed income revenues up 20% and equities revenues up 6% [6][31] - Investment banking fees rose by 13%, with M&A activity up 52% and equity capital markets (ECM) up 25% [33] - Wealth management revenues surged by 20%, with a pretax margin of 29% [35] - U.S. Personal Banking (USPB) revenues increased by 6%, driven by branded cards and retail banking [37] Market Data and Key Metrics Changes - The company experienced strong client activity in both fixed income and equities, with significant growth in prime services and derivatives [6][31] - The average loans increased by 3% across the firm, with a diversified deposit base also growing by 3% [25] Company Strategy and Development Direction - The company is focused on executing its strategy with discipline, improving performance and returns across its businesses while advancing their strategic positions [5][12] - Investments in digital assets and stablecoin infrastructure are being prioritized to enhance competitiveness and client offerings [13][86] - The company aims to achieve a ROTCE target of 10% to 11% next year, viewing it as a waypoint rather than a destination [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the U.S. economy, driven by strong consumer activity and entrepreneurial spirit [15] - The company anticipates some macroeconomic uncertainties but remains optimistic about its trajectory and ability to deliver for clients [16] - The outlook for the full year has been adjusted to expect revenues around $84 billion, with net interest income excluding markets projected to rise closer to 4% [40] Other Important Information - The company returned over $3 billion in capital to shareholders, including $2 billion in share repurchases [9][10] - The CET1 capital ratio stood at 13.5%, significantly above regulatory requirements, with plans for continued share repurchases [10][27] Q&A Session Summary Question: Long-term return profile beyond 2026 - Management refrained from providing specific targets for 2027 but expressed confidence in the firm's strategy and performance across its business lines [45][46] Question: Revenue forecast for the second half of the year - Management acknowledged the seasonality in the second half and indicated that the forecast includes expected market softness [60][64] Question: Capital management and regulatory reforms - Management discussed the binding constraint of standardized CET1 and the ongoing assessment of capital buffers in light of regulatory changes [68][70] Question: Transformation costs and consent order - Management indicated that transformation costs are expected to increase in 2025 but will trend down in 2026, with ongoing efforts to improve operational efficiency [90][94]

Each state is designated as a Trailblazer, Accelerator, Initiator, or Explorer according to its overall progress.Texas, Arizona, and Utah are leading the way as Trailblazers, with North Carolina, California, New Hampshire, and Wyoming as Accelerators.However, they aren’t the only states pushing forward on digital assets:• 50% of states have strong legislative support for blockchain• 36% have active pro-crypto task forces• 22% have recent blockchain pilots• 16% have enacted or are pursuing a Bitcoin strategi ...

Financial Data and Key Metrics Changes - BlackRock reported second quarter revenue of $5.4 billion, a 13% increase year over year, driven by organic growth and higher average AUM [10] - Operating income rose 12% to $2.1 billion, while earnings per share increased 16% to $12.5 [10] - The company achieved 6% organic base fee growth in the second quarter, marking the fourth consecutive quarter of 5% or higher growth [8][27] - Total AUM reached a record $12.5 trillion, with net inflows of $68 billion in the second quarter [8][19] Business Line Data and Key Metrics Changes - Base fee and securities lending revenue increased 15% year over year to $4.5 billion, supported by market beta and organic growth [11] - Technology services revenue and subscription revenue grew 26% year over year, reflecting strong demand for Aladdin technology offerings [13] - Performance fees decreased to $94 million, attributed to lower performance revenue from private markets and liquid alternatives [13] Market Data and Key Metrics Changes - ETF net inflows totaled $85 billion, with fixed income ETFs leading at $44 billion [19] - Institutional index net outflows were $48 billion, primarily due to a single client redemption [20] - Cash AUM increased by 25% year over year, with net inflows of $22 billion in the second quarter [20] Company Strategy and Development Direction - BlackRock aims for 30% revenue contribution from private markets and technology by 2030, with recent acquisitions supporting this goal [9] - The company is focusing on integrating GIP, HPS, and Prequin to enhance its capabilities in private markets and technology [26][95] - BlackRock is expanding its presence in international markets, particularly in India and the Middle East, to capture growth opportunities [29][96] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential from private markets and the integration of recent acquisitions, highlighting strong client feedback [50][54] - The company anticipates significant opportunities in public-private financing and infrastructure investments due to rising government deficits [51] - Management noted that the integration of analytics and data capabilities will be crucial for future growth, particularly in retirement solutions [66][70] Other Important Information - BlackRock repurchased $375 million worth of common shares in the second quarter and plans to continue share repurchases [18] - The company announced the acquisition of Elmtree Funds, a real estate investment firm, expected to close in Q3 2025 [19] - BlackRock's capital management strategy focuses on investing in business growth and returning excess cash to shareholders [16] Q&A Session Summary Question: Progress on integrating HPS and GIP - Management reported strong client feedback and significant opportunities with insurance clients and wealth management across regions, highlighting successful fundraising efforts [50][54] Question: Migration of private investments into target date funds - Management discussed plans to launch a proprietary target date fund with private allocations, expected in 2026, emphasizing the importance of glide path technology [67][68] Question: Profitability and adjusted operating margin outlook - Management indicated a target of 45% or greater adjusted operating margin, with expectations for continued organic growth and expense alignment [74][77] Question: Recent flow trends in private markets - Management provided insights into ongoing fundraising efforts across various private market strategies, with a target of $400 billion in gross fundraising by 2030 [86][88] Question: Future M&A opportunities - Management stated a focus on integrating recent acquisitions while remaining open to selective, tactical M&A opportunities that complement existing capabilities [92][94]