1. After BlackRock's financial report was released, Morgan's view is that the rise in asset tokenization business could allow the stock price to rise at least 70%.



2. Powell spoke in the early morning about the expectations for pausing the balance sheet reduction, mainly still concerned about the occurrence of a repurchase crisis and the tail risks to liquidity, but this does not mean an immediate flood of funds.

Looking at the two together, you need to think further about where the funds will actually go?
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