According to The Wall Street Journal, Bank of New York Mellon (BK) recently approached Northern Trust to express interest in a potential merger. This move could significantly reshape the financial services landscape, especially in the custody and asset management sectors. For crypto traders, both institutions are major players in digital asset custody solutions, and a merger may lead to increased competition or streamlined services for institutional crypto clients. The development could influence the adoption and security of crypto assets held by large institutions, potentially impacting market sentiment and liquidity in cryptocurrencies such as BTC and ETH. Source: The Wall Street Journal.