AGP Executive Report
Last update: 3 minutes agoDigital Payments & Crypto: Crypto card spending hit a new monthly high of $759M in July 2026, with nearly 9M purchases; USDC (58%) and USDT (26%) dominated, showing stablecoins are increasingly used for everyday card payments. Market & Banking Stocks: Nigeria’s NGX banking names powered a lift, with the banking sector up 1.53% and the NGX Banking Index up 22.10% in July, while combined market cap for major listed banks rose to N27.4tn. Policy & Regulation (US): The CLARITY Act is back on a clear timetable: the Senate is set for a Sept. 15 cloture vote on moving H.R. 3633 forward, a key procedural step for US crypto market rules. Central Banking & Gold: China added about 20 tonnes of gold in July, extending its buying streak to 21 straight months, while Hong Kong plans major expansion of gold storage capacity. Banking Risk & Tech: A Pakistan court ruling said bank employee-controlled customer digital banking data can be treated as property under cybercrime law, sharpening legal stakes for banking fraud cases. Ethereum Watch: Ethereum’s network costs have fallen sharply and US spot ETH ETFs kept drawing inflows, adding fuel to bullish price narratives.
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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