AGP Executive Report
Last update: 3 hours agoBitcoin Pullback: Investors locked in nearly $1.03 billion in Bitcoin profits as prices topped $87,000. BTC later slid near $80,300 and remained below $82,700, while a $1 billion transfer from a U.S. government-linked wallet added to selling concerns; no sale was confirmed. ETF Outflows: U.S. spot Bitcoin funds lost $729 million over two days, reversing October’s early inflows. Ether funds also recorded an eighth straight day of outflows. Wallet Security: Ledger is investigating reported losses tied to devices sold by Southeast Asian reseller CryptoBilis. Investigators estimate more than $86 million may be affected, but Ledger has not confirmed the figure or cause. The company urged recent buyers not to set up devices and advised others to move funds to a new wallet with a fresh recovery phrase. Market Access: Thailand’s rules taking effect October 16 will let mutual and private funds invest in locally listed Bitcoin and Ether ETFs, subject to safeguards. Corporate Crypto: Businesses added 193,000 BTC this year while individuals sold 93,000, though Strategy and Strive accounted for more than the net corporate buying. Bitcoin insurer Meanwhile also raised $37.5 million to expand internationally.
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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