AGP Executive Report
Last update: 10 hours agoMarket Pullback: Bitcoin recovered to about $82,500 after briefly dropping near $80,000, but remained down for the week. Spot Bitcoin ETFs drew $21 million on Oct. 9 after heavy withdrawals, while Ether funds recorded a ninth straight day of outflows. Wallet Security: Ledger is investigating suspected losses of up to $93 million linked to devices bought through a reseller; Tether froze about $10 million in related USDT. Separately, a Malaysian man reported losing RM12.47 million from his digital wallet. Compliance Pressure: The U.S. Justice Department is reviewing Binance’s compliance with its 2023 settlement amid an investigation into alleged Iran-linked transactions. Policy & Access: Thailand finalized rules paving the way for spot Bitcoin and Ether ETFs from Oct. 16. The U.S. Treasury also withdrew proposed reporting rules for self-custody wallets and crypto mixers, while the CFTC advanced new market-rule proposals. Funding: Crypto and Web3 companies disclosed $380.5 million in weekly funding, led by $90 million rounds for tokenized-cash firm Spiko and AI research company Nous Research.
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