AGP Executive Report
Last update: 6 hours agoPrediction Markets: Pascal raised a $9M Series A to build a more “trading-like” prediction market, aiming to compete with Polymarket and Kalshi. Regulation Push: U.S. lawmakers are pressing the CLARITY Act forward as Ripple’s Stuart Alderoty warns delays keep crypto open to bad actors. Payments & Stablecoins: ProphetX launched account funding with stablecoins via zerohash, while Marex lets clients use USDC as initial margin for derivatives. UAE Expansion: Revolut received in-principle VARA approval to offer crypto services in the UAE. Base Leadership Shake-up: Jesse Pollak stepped back from Base’s consumer app leadership, handing it to Cobie after admitting the social-first strategy “was definitively wrong.” DeFi Security: Ostium suspended trading after an exploit tied to a vault draining up to ~$23.7M in USDC. Market Snapshot: Bitcoin hovered around $64K and Ethereum around $1.88K as ETF flows continued to support sentiment. Cybercrime & Sanctions: The U.S. Treasury sanctioned a VPN provider tied to ransomware infrastructure, underscoring the growing link between cybercrime and crypto rails.
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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