AGP Executive Report
Last update: 7 hours agoTokenized deposits push: Banks are ramping up tokenized deposit pilots as an alternative to stablecoins, aiming for digital settlement without “new currency” rules—though liquidity and run risks remain. Regulation reset: The SEC is moving ahead with “Regulation Crypto Assets,” proposing a tailored offering regime and a safe harbor, while the CLARITY Act still hangs in the Senate. Ripple goes institutional: Ripple Prime launched Delta One total return swaps across US equities, indexes, and digital assets, targeting Wall Street-style desks. Bitcoin momentum check: BTC’s 22% rally is tied to Treasury liquidity moves and short covering, but analysts say it needs ETF inflows and spot demand to last. Solana outperformance: SOL surged above $100 on record ETF inflows, while ETH exchange balances kept falling as holders withdrew. Ethena overhaul: Ethena bought back locked seed ENA and proposed routing 95% of net revenue to ENA buybacks after a USDe supply threshold. Crypto market risk: GTA 6 leaker Cyberleek appears to have cashed out about £200k in a crypto promo scheme, raising fresh scam concerns. Schwab expands crypto: Charles Schwab plans to add SOL, AVAX, and LINK trading for clients. Stablecoin/RWA growth: Mantle says stablecoins + tokenized assets reached ~$880M, underscoring the tokenized-assets buildout.
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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