The total market capitalization of cryptocurrencies has increased by 2%, reaching $3.22 trillion, as major coins continue their upward trend. Bitcoin rose by 1% to $93,780, Ethereum climbed 2% to $3,240, and Solana gained 3% to $139. XRP experienced the most significant increase, jumping 12% to $2.37. Other notable movers included RENDER and SUI, both up 18%, and LIT, which rose by 15%. Bank of America has officially introduced cryptocurrency recommendations for its wealth management clients, suggesting they allocate up to 4% of their portfolios to digital assets. Meanwhile, Morgan Stanley has submitted an application for a Solana Trust with the SEC. In a move to bolster crypto adoption, Goldman Sachs has upgraded Coinbase to a ‘Buy’ rating, while it has downgraded eToro. Japan’s finance minister has shown support for greater integration of cryptocurrencies, proposing lower taxes and reforms at the exchange level. Vitalik Buterin, co-founder of Ethereum, stated that the platform has successfully addressed the “Blockchain Trilemma” by achieving a balance between decentralization and scalability through its Layer-2 strategy. In related news, Kraken is looking into allegations that customer data may have been compromised and is being sold on the dark web following a potential security breach. Additionally, Ledger users are urged to remain vigilant as the hardware wallet company is dealing with a data breach involving its e-commerce partner, Global-E, which has exposed customer contact information.