AGP Executive Report
Last update: 9 hours agoMarket Pressure: Bitcoin slipped below $80,000 and Ethereum hovered near $2,300 as traders pulled back ahead of the Fed decision and major tech earnings. Galaxy Research, however, says Bitcoin’s bear market ended in June and accumulation is underway. Stablecoin Rules: The OCC is encouraging community banks to seek approval to issue stablecoins under the GENIUS Act. Canada’s 60-day consultation proposes bank-held reserves for non-bank issuers and a ban on yield payments. Security Alerts: Crypto wallet makers Foundation and Keystone disclosed security breaches involving customer data and authentication systems. Separately, Indian exchange CoinDCX acknowledged a $16 million loss tied to an old wallet and internal processes. Institutional Moves: Aviva invested £50 million in a tokenized fund share class on the XRP Ledger, while Chainlink launched CustodySync to connect assets held in qualified custody with DeFi lending. Hyperliquid also tapped Kraken parent Payward to pursue U.S.-regulated perpetual markets, though approval and a launch date remain outstanding.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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