AGP Executive Report
Last update: a day agoETF Flow Shock: Spot Bitcoin ETFs logged a tenth straight day of outflows, with May redemptions topping roughly $2.97B since mid-month, while Ethereum ETF outflows kept stretching—cooling institutional appetite even as some retail buying showed up near support. Geopolitics vs Crypto Tape: Bitcoin stayed pinned around the low-$73Ks as Iran ceasefire hopes lifted stocks and oil eased, but crypto still reacted to renewed Middle East risk and leverage liquidations. XRP ETF Divergence: XRP ETFs bucked the trend with about $35M in inflows over the May 20–29 stretch, adding roughly $11.9M on May 29, as bitcoin and ether funds bled. Security Alert (Bridges): Gravity Bridge was hit for about $5.4M after a suspected signing-key compromise, with stolen USDC and ETH routed through Binance and ChangeNow. Stablecoin in the Real World: SoFi became the first US national bank to launch a stablecoin in a consumer app—SoFiUSD on Ethereum (and Solana)—aimed at mainstream payments use. Regulatory/Policy Moves: Texas advanced its strategic Bitcoin reserve plan toward direct custody, while the CFTC approved the first regulated US bitcoin perpetual contract. Ethereum Governance Tension: The Ethereum Foundation faced an intensified internal governance crisis amid resignations and a contested mandate.
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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