AGP Executive Report
Last update: 8 hours agoMarket Move: Bitcoin steadied near $81,700 as altcoins rebounded, with Pepe among the biggest gainers. The recovery followed $635 million in spot Bitcoin ETF outflows and comes as traders weigh high oil prices and the Fed’s next meeting. Institutional Adoption: JPMorgan expanded two tokenized money-market funds to Solana, while HSBC began rolling out its Hong Kong dollar stablecoin to PayMe’s 3.3 million users. Switzerland also approved its first domestic spot Bitcoin ETF under fund law. Tokenization Debate: Pushback is growing: 22 companies, including Wells Fargo and Intuit, have objected to their shares being tokenized on an OKX-ICE platform, citing control and regulatory concerns. Crypto Enforcement: New York’s attorney general is seeking a $1.3 billion judgment against NovaTech’s founders over an alleged crypto Ponzi scheme that affected thousands of investors.
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