Zhao will remain an adviser as Story Protocol enters its next phase under SY Lee’s leadership, while he launches Poseidon to bring AI into frontier industries like science and space.

A rising bitcoin price is seen as most favorable for Galaxy's digital assets business, while miners fight a rising network hashrate, the report said.

The company said its net revenue for the first six months of 2025 was $67.9 million, against a net loss of $282.5 million.

Rick Rieder cited strong earnings, high yields and low volatility as drivers of today’s favorable investing climate, while warning complacency remains a risk.