AGP Executive Report
Last update: a day agoGeopolitical Pressure on Crypto: U.S. Treasury Secretary Scott Bessent said Washington seized about $1B in Iranian cryptocurrency, framing it as part of “Operation Economic Fury” to choke off Tehran’s access to global finance. ETF Flows Signal Caution: Spot Bitcoin ETFs logged a tenth straight day of outflows, with May’s performance turning the worst of the year, while Ethereum ETF withdrawals also extended—fueling fresh debate over whether the selloff is nearing a bottom. XRP Stands Out: Despite broader crypto weakness, U.S.-listed spot XRP ETFs posted net inflows, with improving XRPL activity cited as a potential rebound setup. Stablecoin Push in Banking: SoFi became the first U.S. national bank to launch a stablecoin inside a consumer app, positioning SoFiUSD as bank-issued and redeemable 1:1. Fintech Expansion in Africa: Ghana’s Digital Assets Summit Africa (DASA) partnered with Siastes AI for a September event focused on AI, digital innovation, and digital assets for investment and jobs. Corporate Moves in India: PB Fintech founders trimmed stakes in a block deal worth about ₹665 crore, as institutional buyers piled in.
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