AGP Executive Report
Last update: 10 hours agoMarket Shock: Hotter-than-expected U.S. inflation sent crypto lower, with Bitcoin falling below $81,000 and nearly $1 billion in positions liquidated in 24 hours. Long traders took the brunt, losing about $894 million. Institutional Push: Standard Chartered began offering eligible UAE wealth clients direct Bitcoin and Ether trading, while Kraken parent Payward agreed to buy Lithuania’s Saldo Bank as it expands into banking. Rules and Stablecoins: Australia opened consultation on licensing and custody rules due to take effect in 2027. In Europe, USDC became the first stablecoin classified as a significant e-money token under MiCA. Wallet Security: Reports of tampered hardware wallets prompted Ledger to pull devices from some Asian markets and Trezor to cut resellers, as potential losses were estimated at more than $86 million.
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