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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
#RWA赛道,你押谁# #GUSD双重收益# #加密市场反弹#
The crypto market surprises us with new developments every day. On the macroeconomic front, there are only 4 days left until the Federal Reserve's decision on whether to cut interest rates, and the market generally believes that a rate cut is a done deal. However, all the data is in the hands of the Federal Reserve, and until the announcement is made, nothing can be said with 100% certainty, as there are still variables at play. Historically, the Federal Reserve's decisions have often been influenced by various complex factors, such as the U.S. job market and inflation data. Recently, the U.S. job market has deteriorated significantly, with August's non-farm payroll data showing only 22,000 new jobs, far below market expectations, and the unemployment rate unexpectedly rising to 4.3%, reaching a new high since 2021. At the same time, after the U.S. Department of Labor made benchmark revisions to the employment data from the past year, it revised down by more than 900,000 jobs in one go. However, on the inflation front, the U.S. CPI remains around 2.9%, while core PCE fluctuates between 2.9% and 3.1%, significantly above the Federal Reserve's long-term target of 2%. This situation of 'slowing growth + sticky inflation' makes the Federal Reserve's decision-making filled with uncertainty.