AGP Executive Report
Last update: 12 hours agoBitcoin Treasury Stocks: Bloomberg says publicly traded “bitcoin treasury” firms have shed about $62B in value as their shares sink far faster than the coins they hold, with Strategy’s first BTC sale since 2022 adding to the pressure. Market Slide: Bitcoin fell below $63K amid geopolitical jitters and ETF outflows, while crypto liquidations topped $1.7B and derivatives open interest cooled. ETF Outflows: Spot Bitcoin ETFs logged another $396.6M outflow, extending a 13-day streak and draining about $4.4B since mid-May. Regulation Push: Senate Republicans urged regulators to clarify bank capital rules for crypto, as the CLARITY Act tax and market-structure debate heats up. Banking On-Chain: JPMorgan, Citi and others plan a tokenized deposit network via The Clearing House for 2027, aiming to keep deposits inside the insured system. Perps Warning: CME CEO Terry Duffy called U.S. crypto perpetuals “a disaster waiting to happen,” citing leverage and liquidation risk. Stablecoin/Payments: Banks and fintechs in Korea discussed partnerships for won-based stablecoins, while Ether.fi deployed $100M into Plume to expand institutional RWA yield access. Security/Protocol: Zcash founder disclosed a critical Orchard forgery flaw fixed via an emergency hard fork.
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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