AGP Executive Report
Last update: 4 hours agoBitcoin Under Pressure: The Fed held rates at 3.75%–4% in a split decision, while Bitcoin hovered near $81,000 after five straight losing days. Nearly 15,000 BTC left exchanges, but the withdrawals failed to spark a rebound as traders weighed macro risks. Stablecoin Push: Ripple’s RLUSD launched on Coinbase, and the OCC gave final approval for Ripple’s national trust bank. Separately, the OCC’s new stablecoin rule takes effect Jan. 18. Tokenized Markets: DTCC launched a tokenization service covering about $30 trillion in eligible securities, deepening Wall Street’s move toward blockchain-based markets. Trading Slump: Robinhood’s third-quarter crypto revenue fell 55% year over year, despite record overall revenue, as weaker crypto activity weighed on results.
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