AGP Executive Report
Last update: 10 hours agoBank-Backed Crypto: Standard Chartered opened Bitcoin and Ether trading to eligible professional investors in the UAE, with custody handled by the bank. Germany led Europe’s latest MiCA approvals, most going to banks, while Russia approved Sberbank to offer crypto exchange services. ETF Flows: U.S. spot Bitcoin funds drew $175.6 million on Oct. 13, one of October’s strongest days, while XRP ETFs recorded no net inflows for three sessions. Market Watch: Bitcoin hovered near $83,000 as a South Korean tech sell-off triggered more than $800 million in crypto liquidations; XRP traded around $1.36 amid continued pressure. Industry Moves: Binance plans to shut its Bitcoin mining pool and related services on Nov. 10, telling miners to move their equipment. Rules and Tokenization: The SEC proposed a new crypto custody framework for investment advisers as firms work to bring tokenized funds into mainstream brokerage channels.
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