Brief recap of last week’s major news surrounding Bitcoin, Binance, Ethereum, and Ripple.

The world of cryptocurrency is constantly evolving and full of exciting updates, innovations, and obstacles related to regulations. Keep yourself informed with the most recent updates about Bitcoin, Ethereum, Binance, Solana, and other cryptocurrencies.

Bitcoin’s computing power has reached a new record high.

The hashrate of Bitcoin has hit a record peak, indicating that miners have faith in the cryptocurrency market. Improvements in technology and surges in price have elevated computing ability, reinforcing the strength and future promise of Bitcoin.

BlackRock has decided to invest $10 million in Ethereum for its new ETF.

BlackRock, a leading company in asset management, is preparing to introduce an Ether investment fund with a $10 million investment. This fund, known as ETHA, will have the support of Bank of New York Mellon and Coinbase and is expected to be available for trading by the end of June.

XRP ETF: Imminent Approval, According to Ripple

The CEO of Ripple foresees the authorization of an ETF for XRP, despite hurdles in the regulatory realm. The potential for an ETF release has sparked hope for increased institutional usage of XRP, pending further clarification from regulators and a positive outcome in the company’s legal dispute with the SEC.

Changpeng Zhao from Binance has been in custody for 4 months.

Binance founder Changpeng Zhao has been sentenced to four months in prison for money laundering activities. This development raises uncertainties about Binance’s future under new leadership and emphasizes the importance of regulatory compliance in the crypto industry.

Bitcoin: The Gathering of Institutional Investment Intensifies

Large investors are quickly acquiring Bitcoin, indicating a possible rise in value. Experts predict that Bitcoin’s price may surpass its previous obstacles, leading to record highs in the industry.

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