AGP Executive Report
Last update: 7 hours agoMarket Watch: Bitcoin slipped below $80,000 as traders cut risk ahead of the Fed decision and major tech earnings, with Ethereum and Solana also falling. Galaxy Research, by contrast, says Bitcoin’s bear market ended in June and accumulation has begun. Stablecoin Rules: The OCC urged community banks to prepare to issue stablecoins under the GENIUS Act, while Canada opened a consultation on rules that could restrict yield and require redemptions within three business days. Tokenized Finance: Aviva put £50 million into a tokenized share class of its £22 billion fund on the XRP Ledger, deepening its Ripple ties. Chainlink also launched CustodySync with Anchorage to connect institutional custody assets to DeFi lending. Security Risks: CoinDCX confirmed a $16 million loss tied to retired wallets, while Keystone disclosed a breach exposing customer data and a device-authentication key. Policy: South Korea is weighing another delay to its crypto gains tax, potentially pushing implementation to 2029.
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