AGP Executive Report
Last update: 11 hours agoStablecoin Power Play: Visa, Stripe, BlackRock, Coinbase and 140+ firms unveiled Open USD, a revenue-sharing dollar stablecoin meant to challenge Tether and Circle’s USDC/USDT model; Circle shares slid ~17% on the news. Wall Street Goes On-Chain: Nasdaq will distribute its TotalView order book data to blockchain apps via Pyth, pushing institutional market data deeper into crypto rails. Institutional Tokenization: New York Life Investment Management launched a tokenized high-yield bond portfolio with Centrifuge, adding another big-name RWA push. XRP Ledger Momentum: Evernorth says Ripple’s RLUSD grew to ~12% of XRP Ledger trading and ~$2.5B in RLUSD-paired volume, framing RLUSD as support for XRP. Regulation Clock: The US Clarity Act faces Senate uncertainty as JPMorgan and Jefferies warn about loopholes and timing. Security & Fraud: Polymarket confirmed a ~$3M frontend supply-chain hack; NYC prosecutors say crypto-linked crime crackdowns face dark-web hurdles. Market Structure & Custody: SEC seeks comments on “novel ETFs,” while NC advanced a crypto ATM fee cap bill. Governance Shake-Up: ENS governance chaos erupted after founder Nick Johnson used ~50% of voting power to block a Security Council renewal.
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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