#CryptoNews Here are some of the latest crypto news and updates:
Market Updates
Bitcoin: Trading at around $118,557, with a 1.69% increase in the last 24 hours. Analysts predict a potential surge to $120K or a new all-time high.
Ethereum: Currently trading at $4,224, with predictions of reaching $5,000 to $10,000 in the next six to eight months.
BNB: Trading at $803.03, with a predicted breakout target of $1,200.
Regulatory News
White House Crypto Adviser: Bo Hines has stepped down from his role as director of the White House Crypto Council to join the private sector.
SEC: Approved in-kind redemptions in Ethereum and Bitcoin ETFs, with potential implications for the crypto market.
Institutional Investments
Harvard Endowment: Revealed a $116M stake in BlackRock's Bitcoin ETF, signaling growing institutional interest.
World Liberty Financial: Targets a $1.5B crypto vehicle backed by WLFI tokens, with potential investments in crypto treasury firms.
Other News
El Salvador: New bitcoin law signals a shift from retail adoption to institutional investment, with potential for investment banks to hold BTC.
Ransomware: Embargo ransomware group moved over $34 million in ransom-linked crypto since April, targeting US hospitals and critical infrastructure.
AI Crypto: AI-related cryptocurrencies have seen a surge, with the sector surpassing a $34B valuation.