AGP Executive Report
Last update: 10 hours agoDeFi Expansion: Aave’s V3 lending on Monad hit $100M in deposits in two days, adding 12 assets (including USDT0, USDC, GHO, WETH and cbBTC) and pushing GHO beyond Ethereum L2s. Regulation Push: South Africa’s SARS published draft crypto tax rules for ~6M users, with audits ramping and comments due by Aug. 31. Market Plumbing: Revolut will delist Tether USDT across Europe from Aug. 31, citing MiCA compliance and risk checks, with remaining balances converted at market rates. Crypto Meets Sports: World Cup hype is driving prediction markets to $5.6B in June and boosting fan-token trading; Kraken’s FIFA crypto supporter role keeps the spotlight on. Scam/Enforcement: Pakistan investigators are probing a gangrape case that now includes claims of a crypto-linked dispute; in the US, a judge ordered $5.5M in remedies over a WhatsApp-driven fake crypto trading scam. ETF/Flows: Spot Bitcoin ETFs saw another rough week with $526.6M net outflows, though July 2 brought a $221.7M inflow. Tech/Threat: Bitcoin’s quantum-risk debate resurfaces as CZ floats freezing old addresses if quantum cracking becomes practical.
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.
Perspectify News
