AGP Executive Report
Last update: 3 hours agoMarket Mood: Bitcoin slipped back under $79K to about $78,751 as investors trimmed risk ahead of US inflation data and the Sept. 16 Fed decision; oil and higher-rate expectations weighed on crypto while XRP bucked the trend. Stablecoin Rails: Visa says stablecoin-linked cards are in “hypergrowth,” now powering 160+ programs worldwide with volume up nearly 200% YoY, as Visa rolls out more data-sharing for lenders. Payments Infrastructure: Circle added upfront fee payments to CCTP Fast Transfer so developers can quote and collect USDC fees on the source chain while recipients still receive the full transfer amount; Circle also moves deeper with its $400M Tazapay acquisition. Regulation Watch: South Africa’s crypto industry formed the “Catastrophe” coalition to fight proposed exchange-control changes, while the country also works to fix remaining FATF weaknesses after its greylist exit. Custody Push: Block applied to the OCC for a national trust bank charter to custody bitcoin and stablecoins under one federal framework. Security & Risk: Google warns attackers are increasingly targeting AI accounts and cloud resources via “LLMJacking,” and a Liquid Network breach tied to a software bug exposed $320M in unbacked Bitcoin before fixes. EU Stablecoin Plan: A 37-bank consortium, Qivalis, is advancing a MiCA-compliant euro stablecoin on public Ethereum, with an EMI license pending in the Netherlands.
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.