AGP Executive Report
Last update: 5 hours agoCrypto Rules: South Korea again failed to decide whether to delay its 22% tax on annual crypto gains above 2.5 million won, leaving a Jan. 1 start date in place for now. Markets: Bitcoin traded below $80,000 ahead of the Fed’s rate decision, while Glassnode reported that large Hyperliquid traders had turned net short for the first time since March. Digital Banking: Robinhood’s crypto revenue fell 55% year over year, though it beat forecasts; CEO Vlad Tenev pitched banking, payments and AI tools as growth areas. SoFi reported 503,000 crypto products in a record quarter, but net crypto revenue was just $1.6 million. Regulated Crypto: Ripple won final OCC approval for a national trust bank to manage reserves backing its RLUSD stablecoin. Tokenized Funds: Hong Kong approved round-the-clock secondary trading of two tokenized money-market funds on a licensed platform. Financial Crime: Australian police charged a Sydney man over an alleged network that laundered more than A$123 million, including by converting proceeds into cryptocurrency.
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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