We’re excited to announce that @FTSERussell, a leading global index provider with $18T+ in AUM benchmarked, is collaborating with Chainlink to publish its world-leading global indices onchain for the first time via DataLink.https://t.co/Nk1jMHeesGWith this integration, the Russell 1000 Index, Russell 2000 Index, Russell 3000 Index, FTSE 100 Index, WMR FX benchmarks, FTSE DAR Digital Asset Prices, and the FTSE Digital Asset Index will be available on 40+ blockchains via DataLink, an institutional-grade data ...

Core Insights - Cango Inc. reported a decrease in Bitcoin production for October 2025, producing 602.6 Bitcoin compared to 616.6 Bitcoin in September 2025, with an average daily production of 19.44 Bitcoin down from 20.55 Bitcoin [2] - The company’s total Bitcoin holdings increased to 6,412.6 Bitcoin by the end of October, up from 5,810.0 Bitcoin in September [2] - Cango maintained a deployed hashrate of 50 EH/s and improved its average operating hashrate to 46.09 EH/s from 44.85 EH/s in the previous month [2] Company Operations - Cango Inc. is focused on Bitcoin mining, with operations across North America, the Middle East, South America, and East Africa, having entered the crypto asset space in November 2024 [5] - The company is also involved in an online international used car export business through AutoCango.com, enhancing access to high-quality vehicle inventory from China [5] Strategic Developments - The CEO of Cango highlighted the operational maturity achieved, with Bitcoin holdings surpassing 6,400 BTC and an average operating hashrate exceeding 90% [4] - Cango announced the termination of its ADR program and plans for a direct listing of its ordinary shares on the NYSE, expected to be completed in November [4]

Core Insights - The company reported strong individual credit selection and no exposure to high-profile credit issues, with a robust pipeline of pending transactions in private credit deployment [1] - The strategic collaboration with Goldman Sachs aims to provide diversified public and private market solutions tailored for retirement and wealth investors, focusing on model portfolios, multi-asset offerings, and personalized advice solutions [1][5][6] Investment Performance - Fixed income performance was strong, with over 70% of fund assets outperforming peer groups across all reported time periods, while the target date franchise showed 81%, 71%, and 98% of fund assets beating peers over three, five, and ten years respectively [2] - On an asset-weighted basis, 64%, 57%, and 78% of fund assets outperformed peer groups over three, five, and ten years, with a notable improvement in one-year performance, where 53% of fund assets beat peers [3] Assets Under Management - The company reached a record high of $1.77 trillion in assets under management as of September 30, indicating strong growth and client interest [4] - The company introduced new retirement allocation funds in Asia, marking a significant expansion into retail markets in Hong Kong and Singapore [9] Strategic Initiatives - The collaboration with Goldman Sachs will include a co-branded series of model portfolios and multi-asset public-private market solutions, expected to launch by mid-2026 [5][6][7] - The company is developing a managed account platform for independent advisors, combining investment capabilities from T. Rowe Price and Goldman Sachs [7] Financial Results - The adjusted diluted EPS for Q3 2025 was $2.81, reflecting higher revenue driven by increased average AUM, despite experiencing $7.9 billion in net outflows [12] - Investment advisory fees increased to $1.7 billion, up over 4% from Q3 2024, while total adjusted revenues reached $1.9 billion, a 6% increase year-over-year [14] Expense Management - Adjusted operating expenses for Q3 2025 were $1.1 billion, up slightly from the previous year but down from the prior quarter, with a focus on managing costs effectively [15][16] - The company is implementing a broad expense management program to keep controllable expense growth in the low single digits for 2026 and 2027 [16][19] Capital Management - The company maintains a strong financial position with over $4.3 billion in cash and discretionary investments, and has repurchased $158 million worth of shares in Q3 2025 [18] - The company continues to buy back shares, surpassing $525 million year-to-date, indicating a commitment to returning value to shareholders [18]

A federal appeals court in Denver poured cold water Friday on crypto bank Custodia’s attempts to force the Federal Reserve to grant it a coveted master account, siding with a lower court’s previous decision.  A panel of three judges affirmed that Custodia is not owed a master account just because it is technically eligible for one, and sided with the Federal Reserve’s arguments that the central bank has the right to deny such privileges in certain cases.  In the case of Custodia, the Fed’s Kansas City branc ...

Financial Data and Key Metrics Changes - The adjusted diluted EPS for Q3 2025 was $2.81, an increase from the prior quarter and Q3 2024, driven by higher revenue from increased average AUM [13] - Total adjusted revenues reached $1.9 billion, up 6% year-over-year and nearly 10% from the prior quarter [15] - The effective fee rate for Q3 was 39.1 bps, down from Q2 2025 due to a shift towards lower-priced vehicles and strategies [16] Business Line Data and Key Metrics Changes - The target date franchise saw $2.6 billion in net inflows, with strong demand for blend products [14] - The ETF business experienced nearly $2 billion in net inflows, with $19 billion in AUM as of September 30 [11][14] - Fixed income, multi-asset, and alternatives had positive net flows, while U.S. equities continued to drive net outflows [13] Market Data and Key Metrics Changes - The company reached an end-of-period high of $1.77 trillion in assets under management as of September 30 [4] - The company reported $7.9 billion in net outflows for Q3, primarily from retail and intermediary channels, partially offset by institutional wins [13] Company Strategy and Development Direction - The company announced a strategic collaboration with Goldman Sachs to deliver diversified public and private market solutions for retirement and wealth investors [7][9] - New retirement allocation funds were introduced in Asia, marking a significant expansion into retail markets in Hong Kong and Singapore [11] - The company is focused on enhancing its ETF offerings and expanding into the active ETF space, with plans for over a dozen new ETFs [49][50] Management's Comments on Operating Environment and Future Outlook - Management noted that Q4 flows are expected to be weaker, with higher redemptions in equities observed [32] - The company is optimistic about the potential for alpha generation in the future, especially as market concentration peaks [61] - Management emphasized a focus on expense management and strategic investments to drive future growth [45][46] Other Important Information - The company incurred $28.5 million in non-recurring costs in Q3, primarily related to severance [18] - A non-recurring charge of approximately $100 million is expected in Q4 due to real estate portfolio management [18] Q&A Session Summary Question: Discussion on digital assets and crypto ETF - Management highlighted their journey in digital assets since 2022, focusing on building internal expertise and launching a multi-token crypto ETF [22][24] Question: Details on the economic arrangement with Goldman Sachs - Management described the economics of the collaboration as balanced and equitable, emphasizing strong capabilities across liquid public and private market alternatives [27][28] Question: Trends in flows and near-term momentum - Management indicated that gross sales were up substantially, but noted a softer institutional pipeline and higher equity redemptions [32][34] Question: Potential sales from new strategies - Management expressed ambitions for significant growth beyond a couple of billion dollars from the new strategies, emphasizing the large addressable market [38][39] Question: Savings from real estate management - Management discussed ongoing expense management programs and the potential savings from transitioning their real estate portfolio [40][42] Question: ETF offerings and market opportunity - Management noted strong growth in the ETF space and plans for new active ETFs, indicating a significant opportunity for future growth [47][49]

Group 1 - BlackRock CEO Larry Fink predicts that all currencies, ETFs, and assets will be digitized and tokenized, interconnected through a global settlement layer for instant transactions [1][2] - Tokenization represents real-world assets on blockchain ledgers, enabling fractional ownership and reducing intermediaries, which aligns with BlackRock's strategy in digital assets [3][4] - The creation of a global settlement layer could synchronize financial systems, minimizing delays and costs, while democratizing access to high-value assets for retail investors [4][5] Group 2 - Tokenized currencies could incorporate programmable features, enhancing automation in compliance and transactions, while ETFs may benefit from increased liquidity and 24/7 trading capabilities [5][6] - Regulatory frameworks are inconsistent globally, with some countries advancing in digital asset laws while others lag, posing challenges for widespread adoption [6][9] - BlackRock's BUIDL fund has attracted significant institutional interest, indicating a strong demand for tokenized financial products, suggesting that tokenization could transform capital markets [7][8]

Is it over. >> Uh, yeah. >> Woo.>> It's over. >> What the hell is going on in crypto right now. And what comes next.Because rate cuts are here. Quantitative tightening is coming to an end, meaning quantitative easing is just about to begin. Trump and she had a successful meeting. America and China had a successful meeting.But meanwhile, Bitcoin continues to dump while alts bleed to new lows. I'm tired, boss. >> What the hell is going on here.So, let me get this straight. No rate cuts, we see a dump. Rate cu ...

Core Insights - Pave Bank, a fintech bank backed by Accel, raised over $39 million in a funding round, bringing its total funding to over $44 million [1][2] - The bank has reported profitability in seven of its first nine months of operation, a notable achievement for a newly licensed bank [2] - Pave Bank focuses on a technology-driven operating model that emphasizes sustainability and leverages automation and AI across various functions [3] Funding and Financial Performance - The recent funding round was led by Accel and included participation from several other investors such as Tether Investments and Quona Capital [1] - The capital raise supports Pave Bank's expansion into new markets [2] - The bank's profitability in its early months indicates a strong operational foundation [2] Business Model and Services - Pave Bank aims to bridge traditional finance and digital assets, addressing operational challenges faced by institutions managing both fiat and digital currencies [4][5] - The bank offers a comprehensive suite of services including deposit accounts, international payments, foreign exchange liquidity, and digital-asset management, all under a unified regulatory framework [6] - The focus on a multi-asset banking model combines the stability of traditional finance with the speed and intelligence of digital assets [4][5]

BOCA RATON, FL / ACCESS Newswire / October 30, 2025 / BitBridge Capital Strategies, a next-generation financial services firm bridging traditional finance and digital assets, today announced its plan to secure consumer lending licenses in all 50 U.S. states, beginning with Florida as the inaugural state. Bitbridge is in the process of submitting its application in Florida and is actively advancing filings in additional jurisdictions, with the goal of completing the full 50-state licensing framework within t ...

Citigroup Inc. (NYSE:C) is one of the most undervalued large cap stocks to buy right now. On October 27, the Wall Street bank Citi and the crypto exchange Coinbase Global Inc. (NASDAQ:COIN) announced a collaboration to boost digital-asset payment capabilities for Citi’s institutional clients. The partnership is designed to improve the orchestration of payments to better bridge traditional finance with crypto on- and off-ramps. The companies project that this collaboration will result in smoother money tra ...