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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,
🚀Shocking arrival! The Federal Reserve (FED) drastically cuts interest rates, igniting a global market frenzy.
Recently, the financial market has rapidly heated up due to rumors of The Federal Reserve (FED) cutting interest rates. On April 25, multiple officials publicly discussed the possibility of lowering rates, triggering a third consecutive day of gains in U.S. stocks, while commodities also rose. Both gold and crude oil climbed, causing market sentiment to surge.
Behind the interest rate cut are two key signals: the U.S. job market is starting to weaken, and the inflation rate has significantly fallen. Previously, to combat the most severe inflation in forty years, The Federal Reserve (FED) maintained high interest rates for a long time. Now, inflation has dropped from a peak of 9.1% to nearly the ideal level of 2%, paving the way for a policy shift.
The chain reaction of interest rate cuts should not be underestimated. In the stock market, with lower financing costs, corporate profit expectations improve, especially as the technology sector accelerates its expansion, leading to soaring stock prices. Commodities also benefit; gold, due to lower holding costs, breaks through $3,300 per ounce again, while crude oil rebounds nearly 1% on expectations of economic growth, reigniting hopes for recovery in the market.
The Federal Reserve's action is not just an interest rate adjustment; it feels more like injecting a booster shot into the economy, as global assets are preparing to welcome a new round of surges!