AGP Executive Report
Last update: 3 hours agoRegulation Pivot: After the CLARITY Act stalled, the SEC and CFTC moved ahead with new relief for tokenized stock trading, while CFTC Chair Mike Selig said the U.S. is preparing for “24/7, on-chain” markets. Tokenized Deposits: Canada’s six biggest banks are jointly exploring tokenized Canadian-dollar deposits on shared blockchain rails, framing it as both efficiency and a defense against stablecoins pulling funds from regulated banks. Prediction Markets Under Fire: 11 Senate Democrats asked for a public hearing on prediction markets, citing consumer risk and possible SEC oversight for certain contracts; Kalshi also denied wash-trading claims tied to recurring ether perp trade sizes. Bitcoin Momentum: BTC held near $86K–$87K as spot ETF inflows surged and traders watched key support levels; Deribit’s big BTC options expiry looms with a call-heavy book. Mining & Infrastructure: Hut 8 won Poolin’s Texas sites in a $140M deal, boosting power capacity for AI and mining. Stablecoin Flows: On Base, Aerodrome liquidity farming dominated USDC transfers, raising “inorganic farming” concerns. UK Crypto Politics: Coinbase was expelled from UK Finance as the FCA crypto licensing gateway nears. Scams & Crime: York police dismantled a dark web drug network with ~$3M in seized drugs; Kenya authorities flagged a new scheme tied to the QVSE fraud case.
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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