AGP Executive Report
Last update: 10 hours agoFed & Crypto Bounce: The Fed’s first rate hike in three years (25 bps to 3.75%-4.00%) didn’t crush crypto—BTC pushed back above $80K as traders leaned into short covering and ETF flows. Regulation Watch: The CLARITY Act failed in the Senate, but the SEC granted a five-year “innovation exemption” for trading certain tokenized stocks on qualifying on-chain venues, keeping tokenized markets moving. Custody & Security: Blink Wallet paused after an attacker drained some custodial Lightning accounts; EU Cyber Resilience Act rules now require 24-hour warnings for actively exploited vulnerabilities. Fraud & Enforcement: US Treasury sanctioned Iran-linked BitBank; Turkey detained 200+ tied to an Israel-linked forex/crypto scam network; Hong Kong jailed a banker in a Tether bribery scheme. Market Moves: XRP jumped toward $1.43 on rising activity and whale accumulation; Ethereum ETF inflows returned (+$29.4M). Industry Updates: Switchboard shut down and urged migrations by Sept. 25; Coinbase teamed with Stablecore to plug crypto services into 3,000+ US banks.
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.
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