AGP Executive Report
Last update: 3 hours agoUS Stablecoin Rules: The OCC finalized GENIUS Act rules for reserves, redemptions and oversight, effective Jan. 18, 2027. The agency left open whether platforms can offer yield on stablecoin balances. Bitcoin Rebound: BTC rose as much as 2.4% to $84,737 alongside recovering tech stocks, though traders saw the move as a potential recovery rather than a confirmed rally. Stablecoin Growth: Transfers hit $891 billion in the third quarter, averaging more than $400 million an hour; 73% took place outside US banking hours, a Coinbase-commissioned report found. Crypto Crime: A Colombian broker received 160 months in prison for laundering about $14.5 million in USDT and conspiring to import cocaine. Institutional Rails: JPMorgan moved its deposit token onto public Ethereum for approved clients, while Standard Chartered agreed to absorb crypto custodian Zodia Custody. Market Access and Compliance: Switzerland approved its first spot Bitcoin ETF, while Kazakhstan restricted access to six crypto exchange apps and MEXC moved to end services in Russia and Belarus.
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