JUST IN: 🇺🇸 Bank of America expects to launch a crypto stablecoin, Reuters reports.

DACFP’s Ric Edelman shares insights from a recent white paper explaining the substantial upside in bitcoin’s price and why the risk/reward ratio strongly favors a significant crypto allocation – certainly one that’s far higher than a measly 1 or 2 percent.

Speaking on the second quarter earnings call, Brian Moynihan said the bank plans to act when the time is right.

Joshua de Vos of CoinDesk Data breaks down the July digital assets report and touches on corporate treasury adoption, the digital assets dominating the headlines and the role of benchmarks in capital decisions.

It's more than a five-month high for ETH thanks to tailwinds from corporate ether treasury strategies and ETF inflows.