Recently, the cryptocurrency world has been really surprising. Bitcoin and Ethereum prices fell sharply, then suddenly increased, going up to 15% from their lowest.

Bitcoin and Ethereum led the way, both going up by 11%. Other digital money like Solana, Cardano, and BNB also went up, by about 8%, says CoinGecko. The whole market, tracked by the CoinDesk 20 Index, increased by 7.62%.

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• Bitcoin (BTC) and Ethereum (ETH) prices went up and down a lot, showing how unpredictable it is.
• BlackRock brings out a new fund using Ethereum, mixing old finance ways with digital money.
• Kraken starts a new service for big clients in Wyoming, showing the state leads in crypto rules.

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Cryptocurrency World Has Big Ups and Downs; BlackRock Starts New Ethereum Fund

Special tokens built on Ethereum to improve it jumped by 25%. Meme coins, popular because of the internet, also rose by 16%.

BlackRock has just launched a new fund on Ethereum, called the BlackRock USD Institutional Digital Liquidity Fund. It’s supported with real money, U.S. Treasury bills, and certain deals. This fund will give daily profits through blockchain. Securitize takes care of the tokens, and BNY Mellon looks after the fund’s money. Anchorage Digital Bank NA, BitGo, Coinbase, and Fireblocks are also helping.

Kraken has started a special service in Wyoming for big investors. With its official bank license, Kraken Institutional will offer safe, rule-following storage. Wyoming is ahead in making crypto rules, with help from Kraken.

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