AGP Executive Report
Last update: 11 hours agoSEC Exit: Hester Peirce (“Crypto Mom”) resigned effective Oct. 2, leaving crypto oversight in limbo as the CLARITY Act stalls. Stablecoin Scrutiny: Senate Democrats allege Tether’s USDT is “pervasive” in Iran-linked shadow banking, while Tether says it froze nearly $550M in Iran-linked USDT. Institutional Flows: Spot crypto ETFs pulled in inflows across the board on Sept. 28—BTC $31.07M, ETH $17.10M, SOL $12.70M, XRP $3.96M—while exchange BTC reserves fell as ETFs absorbed about $2.4B for the week. Market Rotation: Altcoin spot volume hit nearly 4x Bitcoin’s, with the Altcoin Season Index rising to 62%, though leverage growth lagged. Corporate Rails: Citi launched 24/7 tokenized USD transfers in Japan; Cosmos pitched Swift-ledger connectivity for 24/7 cross-border payments. Security Watch: Liquid Network paused peg outs and started an external audit after a September incident; NEAR Intents says it blocked $50M+ tied to the Bitget hack.
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.