AGP Executive Report
Last update: 11 hours agoFed Watch: The Fed held rates steady at 3.50%–3.75% in Kevin Warsh’s first meeting, but the dot plot turned hawkish (median 2026 rate 3.8%), pressuring Bitcoin and risk assets. Geopolitics & Macro: A US-Iran interim peace deal extended the Hormuz ceasefire and eased oil fears, yet BTC still slid—down about 2% to ~$64.5K—showing how rates now dominate. Institutional Flows: Spot Bitcoin ETFs kept bleeding (about $82M outflows on June 17), though Fidelity’s FBTC bucked the trend with ~$14M inflows. Corporate Crypto: BitGo shares jumped after a $50M buyback. Stablecoin Shift: Tether is winding down Alloy and its gold-backed derivative aUSDT, steering users toward XAUT. Regulation & Security: France’s ANSSI will stop certifying non-quantum-resistant products from 2027, while crypto watches broader post-quantum timelines. Altcoin Pulse: Uniswap (UNI) surged ~22% as traders rotated while BTC stalled.
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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