💵 Block’s Q2 profit glow-up

What we’ll cover today:

💵 Block’s Q2 profit glow-up

🏛️ Trump’s Fed shake-up with Stephen Miran

📊 What fintech leaders are saying ahead of September’s big events

Block’s Big Profit Glow-Up 💰

Block (the company behind Square and Cash App) just surprised Wall Street by making more profit than expected, even with slightly lower sales.

🚨 Breaking News:
Block raised its full-year profit forecast to $10.17B after Q2 profits more than doubled to $538.5M.

⚡ Wire Simplified:

• Q2 net income jumped from $195M to $538.5M.

• Gross profit hit $2.54B, beating analyst expectations.

• Square payment volume rose 10% to $64.25B.

• Cash App GPV came in at $2.37B.

• Stock still down 10% this year, but just joined the S&P 500.

✔️ Straight to the Point:
Block is proving profit beats sales hype, investors are smiling, but competition from Toast and Clover keeps things spicy.

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Trump Picks Miran for Fed Seat 🏛️

President Trump has picked Stephen Miran, a pro-crypto economist and close ally, for a temporary Federal Reserve governor role.

🚨 Breaking News:
Miran will replace Adriana Kugler until Jan 31, 2026, possibly acting as Trump’s “shadow chair” to influence Fed decisions.

⚡ Wire Simplified:

• Miran is Trump’s Council of Economic Advisors chair.

• Known for criticizing the Fed’s pandemic stimulus.

• Co-authored the “Mar-A-Lago Accord” to weaken the dollar.

• Strongly supports crypto and reciprocal tariffs.

• Could challenge current Fed Chair Jerome Powell before May’s term end.

✔️ Straight to the Point:
This pick keeps Trump’s options open for the top Fed job, and could mean more fireworks in upcoming rate decisions.

Money20/20 USA 2025
Money20/20 USA is a premier event that brings together the global FinTech community to discuss the future of money, payments, and financial services. The event features industry leaders, innovators, and disruptors.
Date: October 26–28, 2025 | Location: Las Vegas, NV, USA

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Singapore FinTech Festival 2025
The Singapore FinTech Festival is one of the world's largest FinTech events, bringing together industry leaders, startups, and investors to discuss the future of financial technology. The event features conferences, exhibitions, and networking opportunities.
Date: November 9–13, 2025 | Location: Singapore

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Middle East Banking Innovation Summit 2025
This event highlights the FinTech revolution in the Middle East, focusing on payments, digital currencies, and open banking.
Date: September 2025 | Location: Dubai, UAE

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