AGP Executive Report
Last update: 2 minutes agoMarket Selloff: Bitcoin fell below $69,000, with weak demand, ETF outflows and inflation fears weighing on prices. Crypto liquidations topped $1.6 billion before softer US producer-price data sparked a brief rebound. Thailand Payments: The country opened crypto payments to tourists nationwide, letting eligible visitors convert digital assets into baht for purchases through PromptPay QR codes. Stablecoins: Ripple’s RLUSD edged past PayPal’s PYUSD in market value, reaching about $2.69 billion as Ripple’s stablecoin ecosystem grew. That came as total stablecoin supply recorded its steepest 30-day drop since June 2022. Security and Regulation: Binance said it had covered $6.34 billion in losses from a North Korea-linked hack. Meanwhile, the White House nominated four candidates to fill SEC and CFTC vacancies as the CLARITY Act remains stalled.
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