AGP Executive Report
Last update: 12 hours agoTruth Social Paywall for Traders: Trump Media is reportedly pitching Wall Street up to $100,000 a month for millisecond-faster access to “highest-ranking” Truth Social posts via a new Truth API, drawing ethics backlash. SEC/Policy Push: Lawmakers urged the Senate to pass the CLARITY Act to replace enforcement-by-chaos with clearer rules, while the SEC advanced an electronic delivery plan for fund disclosures. FTX Payouts: FTX will distribute about $900M to creditors on July 31 in its fifth payment round, pushing total recoveries above $10B. Stablecoin Banking Warning: ECB board member Piero Cipollone warned stablecoins could siphon retail deposits from banks, raising lending-rate pressure. Institutional Moves: Bank of America named leaders for digital assets and AI; Bank of America’s push mirrors broader Wall Street hiring for crypto rails. Crypto Security: Consensys said it accidentally granted access to a contractor linked to North Korea, then paused launches; separate FBI action targeted Steam-game malware stealing crypto. Market Mood: Bitcoin slipped below $63K on macro risk-off; Ethereum’s rebound stalled as policy uncertainty cooled ETF excitement; LINK tests support as CCIP shifts from hype to usage. Regulation Abroad: Nigeria signed a virtual assets executive order creating a Virtual Asset Council; ESMA added Ripple Payments Europe to its MiCA register. Sports/Branding: Kraken landed World Cup sponsorship and Galaxy renamed Texas Tech’s stadium to “Galaxy Stadium.”
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.