AGP Executive Report
Last update: 7 hours agoBitcoin ETFs: Spot Bitcoin ETFs pulled in $853.5M for the week ended Aug. 7, with BlackRock’s IBIT taking $693M, as weak U.S. jobs data cooled Fed-hike bets and bad headlines (including the Coldcard fallout) failed to break spot demand. Regulation Watch: The CLARITY Act is headed for a Sept. 15 Senate test, but Grayscale says crypto can keep moving even if it fails—while markets still watch what it could mean for XRP and broader U.S. rulemaking. Network Drama: The BIP-110 fork stalled after producing only two blocks, with miners largely staying on the main chain; traders now watch $64K support and $66K resistance. Custody & Security: The Coldcard hack and follow-on wallet concerns drove 2.27M new Bitcoin wallets in a week, while BTCPay and other wallet/security incidents kept pressure on self-custody practices. Stablecoin Rails: Circle set Sept. 16 for Arc Mainnet, partnering with DTCC and BlackRock as USDC infrastructure expands. Exchange Moves: Coinbase disabled trading for five tokens but kept withdrawals open. Scam Alert: Fake “Claude Code” guides are being used to deliver MacSync malware and drain crypto wallets.
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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