AGP Executive Report
Last update: an hour agoBanking Goes Onchain: JPMorgan brought its deposit token, JPM Coin, to Ethereum, enabling approved institutions to transfer bank deposits across Ethereum and Base. Separately, two Texas banks completed a loan-participation payment with tokenized deposits in under three minutes, syncing funds and loan records. Stablecoin Payments: MoneyGram launched a global app combining digital transfers, cash access and stablecoin features, while payment firms are building stablecoin-funded cards for banks and fintechs. Tokenized Stocks Hit Resistance: Nine public companies objected to having their shares listed on an OKX-ICE tokenized trading venue, raising questions about issuer consent, fragmented liquidity and who bears the risks. Security Concerns: Qubic halted its blockchain after an attacker drained about $1.4 million from more than 1,400 wallets. Market Test: Bitcoin’s trading range has tightened to a 2.5-year low, while a recent rally in Starknet’s STRK token reversed sharply amid DeFi weakness and profit-taking.
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