Today, Ether climbs after it was revealed US payrolls increased more than expected last month. As the crypto elite flocked to Khan for ETHC, we explore how Ethereum is quietly becoming Wall Street's backend. And Michael Anderson of Framework Ventures breaks down how VCs are thinking about the stable coin space.Welcome to CNBC's Crypto World. I'm Talia Kaplan. Crypto prices and stocks on the rise as of midday after job growth proved better than expected last month, boosted by government hiring.The labor mark ...

xrp just became the only major crypto with full regulatory clarity.expect ETF filings by july 2025 per @chainyoda. ...

everyone fixated on the $125M fine like it's a loss. Ripple just bought regulatory clarity that no other major crypto has.CME futures did $542M month one. Hidden Road acquisition for $1.25B. Permissioned DEX live. Cross chain to 35+ blockchains operational.XRP's the only L1 where institutions know exactly where they stand legally. that's worth more than any settlement cost."We're closing this chapter once and for all, and focusing on what's most important – building the Internet of Value" - Garlinghousethe ...

Market Overview - Wall Street's seasonal adages have not held true this year, with April ending on a mixed note and May showing impressive gains in U.S. stock markets [1][2] - All three major indexes finished May in the green, with the Dow rising 3.9%, the S&P 500 climbing 6.2%, and the Nasdaq Composite jumping 9.6%, marking their best monthly performances since November 2023 [2] Financial Services Sector Performance - The Financial Services sector was one of May's top performers, up 4.5%, with notable stocks including Coinbase Global, Northern Trust, BNY Mellon, Franklin Resources, and Bank of America [3][9] - Coinbase is positioned to benefit from heightened crypto market volatility and rising asset prices, with 83% of its total revenues coming from the U.S. market [7][10] - Northern Trust is leveraging organic expansion efforts and has launched Family Office Solutions targeting ultra-high-net-worth clients, which is expected to enhance its Wealth Management segment [12][13] - BNY Mellon is focusing on international growth initiatives and has seen a five-year CAGR of 6.2% in net interest income, with expectations for continued improvement [18][19] - Franklin has grown through acquisitions and partnerships, enhancing its presence in alternative investments and multi-asset solutions [22][23] - Bank of America is expected to benefit from higher interest rates, with a projected 6-7% rise in net interest income for 2025, supported by aggressive branch expansion [26][28] Company-Specific Insights - Coinbase is investing in infrastructure to expand crypto's practical use, including a low-cost Layer 2 scaling solution [8] - Northern Trust is focused on disciplined headcount management and process automation to improve productivity and meet financial targets, achieving a return on equity of 13% in Q1 2025 [14][15] - BNY Mellon is facing challenges with rising expenses and volatility in fee income, which constitutes almost 70% of total revenues [20] - Franklin's diversification into alternative asset classes is expected to drive assets under management growth, although market fluctuations pose risks to investment management fees [24][25] - Bank of America is enhancing its digital offerings and cross-selling products through initiatives like the Zelle money transfer system and the digital assistant Erica [29]