AGP Executive Report
Last update: 8 hours agoPayments Reform: Nigeria’s central bank, Olayemi Cardoso, launched Payments System Vision 2028, pushing banks and fintechs to cut fraud losses to under 0.001% of transactions and drive 95% financial inclusion by 2028. Africa Fintech Consolidation: Nigeria’s Brass business banking will shut as it migrates customers into Paystack Microfinance Bank by July 31, 2026, underscoring ongoing consolidation after liquidity stress. Institutional Crypto Pressure: U.S. spot Bitcoin ETFs logged $3.45B in net outflows over 11 straight sessions as BTC slid below $71,000, with leveraged longs getting liquidated. Corporate Bitcoin Shock: Strategy (MicroStrategy) sold 32 BTC for the first time since 2022 to fund preferred-stock dividends—small in size, but big in market impact. Derivatives Push: CME started 24/7 crypto futures and options trading, raising the bar for institutional access to digital-asset hedging. Cross-Border Rails: Mastercard joined a Eurosystem pilot on TIPS cross-currency instant payments, aiming to reduce settlement risk. Crypto Market Microstructure: Kalshi filed for altcoin perp futures (XRP, SOL, SHIB, HBAR, DOGE and more) after CFTC approval for Bitcoin perps. Cyber Risk: A Latvian negotiator for ransomware group Karakurt/TommyLeaks/SchoolBoys was sentenced to 102 months in federal court.
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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