AGP Executive Report
Last update: 4 hours agoInstitutional Crypto: JPMorgan has deployed its dollar-deposit token, JPM Coin, on Ethereum, letting approved clients transfer funds around the clock. Stablecoin Rails: Stablecoin transfers reached $891 billion in the third quarter, more than four times early-2023 levels. Coinbase and Thunes are extending stablecoin payouts across 140 countries, while Mastercard is adding fraud and sanctions screening. Market Outlook: JPMorgan Asset Management forecasts Bitcoin returns of 10% a year over the next 10 to 15 years, but warns that 55% volatility limits its portfolio appeal. Bitcoin traded near $82,000 as rate-hike fears eased, though ETF outflows weighed on demand. Global Expansion and Rules: Ripple’s RLUSD launched in Türkiye through Inveo Kripto, and Injective and BDACS plan won-settled trades for tokenized assets. Switzerland approved its first retail spot Bitcoin ETF, while France approved a 31.4% tax on crypto-to-stablecoin gains starting in 2027.
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