AGP Executive Report
Last update: 10 hours agoMarket Pressure: Bitcoin rebounded above $80,000 after a brief dip below that level, but hotter inflation, rising oil prices and geopolitical tension kept risk appetite fragile. U.S. crypto funds lost $610.7 million last week; Ethereum funds led withdrawals with $320.1 million, exceeding Bitcoin’s $228.4 million. Bitcoin Inc.: MSCI’s new index rules could remove Strategy, the major corporate Bitcoin holder, from its indexes, putting pressure on its shares and potentially its funding plans. Stablecoin Expansion: Circle is targeting about 40 new markets as demand grows across emerging economies. Mastercard has also launched a platform linking stablecoins with traditional payments after acquiring BVNK. Rules and Security: The SEC proposed changes to custody rules affecting crypto assets, while the CFTC sought input on bringing leveraged retail crypto trading onto regulated exchanges. Separately, criminals used tampered hardware wallets to steal an estimated $90 million, renewing warnings to check devices and recovery phrases.
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