The collapse of the Terra network was due to prioritization of mass adoption over price stability, the bank said.
All FDIC-supervised institutions have been asked to provide the federal banking regulator with information about their “crypto-related activities.”
The crypto bank is one of the best positioned companies to benefit from the expanding use of stablecoins, the report said.
The disconnect may reflect a number of issues, including market saturation, according to a Coinbase report.
Still, crypto market upside will likely be limited for the next six months by Fed tightening and macro headwinds.
The decentralized oracle network has secured more than $60 billion deposited into smart contracts.
BoA says it's likely a BOE digital currency would also replace checking accounts as the way in which consumers hold the majority of their funds.
Prices of solana bumped as much as 8% in the past 24 hours.
Solana and other blockchains may snag market share from Ethereum over time, the bank said in a research note.
The bank says that the increase in other revenue streams could lead to increased buying interest from institutional investors.