AGP Executive Report
Last update: 2 hours agoBitcoin Market: BTC slid below $64K and even tested the low-$62K area as renewed U.S.–Iran tensions lifted oil and strengthened the dollar, with traders now watching $62K support and the $59K downside if it breaks. Institutional Flows: Spot bitcoin ETFs added $233M on the day, led by BlackRock’s IBIT, while XRP ETF inflows topped $1.5B. DeFi & Exchanges: Uniswap activated a v4 protocol fee switch on Morpho-powered “Earn,” boosting protocol revenue while routing fees into UNI buy-and-burn mechanics; DeFi activity in July rebounded, but fresh liquidity stayed scarce. Regulation Watch: The CLARITY Act is still targeted for a Senate floor vote before August recess, though timing remains uncertain after revised ethics language hit the White House. Stablecoins: Tether reported $1.5B Q2 profit, $184.6B USDT supply, and reserves of ~$115B Treasuries plus ~$18.8B gold. Asia Policy: South Korea confirmed crypto gains tax at 22% starting Jan. 1, 2027. Meme Corner: Shiba Inu burn activity jumped 3,652% as SHIB held a 40% rebound, with Emirates reportedly accepting SHIB via Crypto.com Pay for eligible bookings. Market Structure Tech: Hyperliquid’s HIP-4 permissionless prediction-market deployments went live on testnet, with HYPE slipping below $55.
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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