AGP Executive Report
Last update: 11 hours agoRegulated Perps Race: Kraken says it plans to launch CFTC-regulated Bitcoin perpetual futures in the U.S. within 30 days via Bitnomial, escalating competition with Coinbase and Kalshi after fresh CFTC action. ETF Flow Shock: A reported $1.26B BlackRock IBIT block sale is being read as a fast institutional exit, while spot Bitcoin ETFs keep bleeding—ending May with about $1.42B in weekly outflows. Stablecoin vs Banks: A Bank of England policymaker expects stablecoin demand to fade as tokenized deposits grow, while an ECB voice warns dollar-pegged stablecoins could deepen U.S. dominance. Coinbase Goes Local: Coinbase launched direct INR deposits and withdrawals in India via IMPS, aiming to reduce P2P workarounds and expand retail access to spot and perps. Market Mood: Crypto traded mostly sideways as Iran-deal uncertainty weighed; Bitcoin hovered around the low-$70Ks and Ethereum struggled near $2,000. Security Wins: A white-hat recovered ~$2M in stuck ETH from a 2016 HongCoin ICO refund bug. DeFi Hit: Gravity Bridge shut down after a ~$5.4M exploit on the Ethereum-Cosmos link.
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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