AGP Executive Report
Last update: 2 minutes agoRegulatory Push: BlackRock, Goldman Sachs, Fidelity and others back the Digital Asset Market Clarity Act, aiming to split SEC vs CFTC oversight and move it before Congress’s August recess. DeFi Security: Blockaid flags an active exploit draining about $450K from Garden Finance across Ethereum, Base, Arbitrum and BNB Chain, the second big breach in under a year. Tax Compliance: India’s CBDT aligns crypto reporting with the OECD CARF, requiring exchanges to collect tax residency and ID details and share transaction data annually. Geopolitics & Markets: Bitcoin slid below $64K after US airstrikes on Iran, even as diplomats seek talks to reopen the Strait of Hormuz—oil and crypto both react to every headline. Institutional Flows: Spot Bitcoin ETFs are seeing cooling demand, with weekly volume at a nine-month low and recent outflows wiping out gains. Corporate Crypto Expansion: Russia’s Sberbank plans regulated crypto trading infrastructure and a digital depository by Dec. 1, as its new framework advances. Altcoin Watch: XRP ETF inflows hit new highs, but daily net flows have gone quiet on multiple days, hinting at fading momentum. Market Stress: Crypto derivatives saw about $113M in liquidations in 24 hours, underscoring leverage risk.
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