AGP Executive Report
Last update: 7 minutes agoRegulation Showdown: The updated CLARITY Act text is expected Thursday after a Trump meeting, but Senate Democrats signal they may reject the draft unless stronger ethics rules are added. Market Access Push: Kraken rolled out USD-settled, European-style BTC and ETH options for eligible clients, while Morgan Stanley’s E*TRADE launched spot crypto trading via Zero Hash. Institutional Onchain Finance: SBI teamed with Ondo to tokenize Japanese equities, using its JPYSC stablecoin for settlement and collateral. Payments Infrastructure: MoonPay acquired Glide to make crypto deposits work across tokens and chains, and Visa unveiled a stablecoin platform aimed at integrating stablecoin settlement into existing bank workflows. Crypto Risk & Crime: Dutch court declared Knaken bankrupt after ~€7M in customer funds went missing; UK sentenced two Scattered Spider hackers over the £29M TfL attack, and a UK gang that posed as police stole £4M in crypto. Local Backlash: Multiple US cities advanced data-center moratoriums amid power and water concerns, with some explicitly tying the issue to crypto and AI demand. Price Watch: Bitcoin bounced near $65K as Ethereum dominance flashed a rotation warning.
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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