AGP Executive Report
Last update: 11 hours agoBitcoin Selloff: Bitcoin fell below $70,000 for the first time since August, briefly reaching about $67,600 as inflation fears, rising rate expectations and tech-market turmoil rattled investors. Crypto futures liquidations topped $1.3 billion in 24 hours, while spot Bitcoin ETFs saw about $1.57 billion in withdrawals over five sessions. Institutional Positioning: JPMorgan increased its Strategy holdings by 36% and added one million shares of BlackRock’s Bitcoin ETF, even as MSCI confirmed Strategy’s removal from major indexes. Exchange Security: Binance says it has replaced all $6.34 billion in assets lost in an October cyberattack and published an updated reserves snapshot. Stablecoin Payments: Visa and Anchorage Digital added Western Union’s USDPT stablecoin as a settlement option, expanding its use across VisaNet for eligible partners.
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