AGP Executive Report
Last update: 2 hours agoSEC Custody Push: The SEC proposed new crypto custody rules for advisers and funds after the CLARITY Act stalled, including limited self-custody and allowing state trust companies as custodians, while Chair Paul Atkins warned more proposals are coming. Market Mood: Softer-than-expected US jobs data lifted stocks and helped crypto bounce, with Bitcoin testing the $84K–$87K area as ETF inflows return. Institutional Signals: Citi raised its BTC target to $113K and ETH to $3,028, citing “debasement fears” and ETF activity. DeFi Infrastructure: THORChain opened a Zcash liquidity pool (ZEC) but native swaps aren’t live yet, with shallow early liquidity. Crypto Business & Jobs: Anchorage Digital reportedly cut 17% of staff despite a $4.2B valuation after Tether’s investment. Security/Recovery: NEAR Intents’ attacker returned the $3.8M stolen, ending a short standoff. Tokenized Securities: The SEC issued an “innovation exemption” order for tokenized securities venues, advancing blockchain trading for tokenized stocks.
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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