AGP Executive Report
Last update: 5 hours agoBitcoin Market Stress: BTC slipped below $59,100 and hit its lowest since Oct 2024, with “supply in loss” climbing to a record 10.83M BTC as long-term holders keep dominating the red. Derivatives Pressure: Liquidations topped $1B as futures positioning flipped bearish, with funding rates turning negative and open interest jumping. Bear Case Forecast: A top Chinese miner says Strategy’s mNAV suggests a Q4 bottom near $42K–$44K, implying another ~30% drop. Investor Reality Check: A CoinShares survey found 52% of UK advisers can’t see most client crypto holdings due to firm policies, not client demand. Exchange/Platform Risk: Polymarket confirmed a vendor compromise that led to about $3M stolen from users and says it’s refunding in full. Trading Friction Wars: Husher launched instant, no-KYC swaps touting ~2-second settlement and low fees; Toobit rolled out zero-fee spot pairs. Cybercrime Angle: Poland arrested suspects in SIM-swap attacks targeting crypto exchange accounts, laundering tens of millions. Policy Watch: U.S. senators remain split on the CLARITY Act as talks near a July push, while EU sanctions discussions keep expanding. Scam Awareness: FBI highlights growing romance scams targeting seniors, with losses over $131M reported.
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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