AGP Executive Report
Last update: 10 hours agoRegulation Watch: Grayscale says the U.S. CLARITY Act is unlikely to pass this year, pointing to Senate scheduling and election-year politics—though it expects rulemaking to fill gaps and keep Bitcoin demand and stablecoin payments moving. Bitcoin Pulse: U.S. spot Bitcoin ETFs added about $865M over Aug. 3–7, while on-chain activity hit a one-year high in new wallets, with the surge tied more to security-driven movement after the Coldcard fallout than fresh selling. Coldcard Fallout: A firmware flaw tied to reduced randomness has been linked to large BTC thefts, pushing users toward tighter self-custody practices. Stablecoin Rails: Tron’s stablecoins topped ~$91.8B in early August, and Circle’s USDC growth on Stellar jumped 35% in 30 days after CCTP deployment. Payments Growth: Crypto card spending hit a record $759M in July, led by USDC. Legal & Crime: DOJ indicted a founder behind an NFT token launch that allegedly raised $10M from 67 investors for a marketplace that never shipped. Security in the Wild: Bybit’s North Korea-linked hack case moved into court with a preliminary injunction freezing remaining stolen funds.
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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