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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,
The market is beginning to anticipate a 50BP rate cut by the Federal Reserve in September.
On August 2nd, Jinshi Data reported that due to concerns about a possible US economic recession, the market is increasingly betting on a US rate cut. The yield on US 2-year Treasury bonds continued to fall in the Asian morning session, falling to 4.11%, the lowest level since May 2023. As of press time, the Intrerest Rate futures show that the market is pricing in an 87 BP rate cut by the Fed this year, with a 13 BP gap remaining for the bet of four rate cuts this year. The probability of a 50 BP rate cut by the Fed in September has risen to 33%. There are still three Fed meetings this year to consider rate cuts.