AGP Executive Report
Last update: 10 hours agoMarket Turmoil: Bitcoin briefly fell below $81,000 before rebounding above $82,000 as oil and interest-rate worries rattled markets. U.S. spot Bitcoin ETFs shed $244 million Thursday, while Ether funds logged an eighth straight day of outflows. Miner MARA also moved 996 BTC to Galaxy Digital, though a sale has not been confirmed. Institutional Finance: Sui’s Hashi Bitcoin finance network launched with more than $500 million in commitments, aiming to let institutions put idle BTC to work. BNY expanded regulated crypto custody in Europe, while Ripple Prime moved further into financing for traditional-market funds. Rules Tighten: EU supervisors gave crypto firms three months to wind down services involving unauthorized stablecoins. Spain also ended anonymous crypto ATM transactions, requiring identity checks ahead of a FATF review. Payments Grow: Crypto card volume climbed 33% in Q3 to $4.31 billion, led in part by rising stablecoin use. Security Concerns: Glassnode estimates more than 6 million BTC sit behind publicly exposed keys, reviving debate about future AI and quantum threats to crypto security.
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