Crypto Market Cap Rises; Bank of America Enters; Ethereum Claims Breakthrough
The global crypto market capitalization increased by 2% to $3.22T, with Bitcoin (BTC) at $93,780 and Ethereum (ETH) at $3,240. XRP experienced a notable surge of 12% to $2.37. Bank of America has initiated crypto recommendations for wealth clients, suggesting up to 4% portfolio allocation. Morgan Stanley filed for a Solana Trust with the SEC, while Goldman Sachs upgraded Coinbase to a 'Buy' rating and downgraded eToro. Vitalik Buterin stated that Ethereum has resolved the "Blockchain Trilemma" via its Layer-2 roadmap. Kraken is investigating a potential security exploit involving customer data allegedly for sale on the dark web. Ledger users are on alert due to a data breach affecting its e-commerce partner, Global-E.
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