$XRP

【Global Economic Major Events】

• U.S. GDP data to be released soon

The U.S. first quarter GDP data is expected to be announced this week, and the market is highly concerned whether the data results will support signs of economic slowdown, which will have significant implications for the Federal Reserve's (Fed) subsequent interest rate policy direction.

• U.S. CPI data raises market expectations

Multiple investment banks have raised their forecasts for the April CPI year-on-year growth rate, and the market is concerned that high inflation may delay the Fed's interest rate cuts.

• U.S.-China relations continue to play out

The U.S. has announced new tariff proposals targeting China's semiconductor, electric vehicle, and new energy sectors, with China's Ministry of Commerce stating it will respond firmly, leading to heightened tensions and increased market risk aversion.

• Japanese government discusses intervening in yen exchange rate

The yen continues to depreciate, and Japanese Ministry of Finance officials reiterated that "if necessary, decisive action will be taken," increasing the likelihood of intervention.

⸻

【Cryptocurrency and Blockchain】

• XRP spot ETF launches

The Brazilian stock exchange B3 has launched the world's first XRP spot ETF (XRPH11), managed by Hashdex, signifying XRP's official entry into the compliant financial market.

• Bitcoin ecosystem expansion

With multiple financial companies and international enterprises incorporating Bitcoin into their asset allocation, the cryptocurrency market sentiment is warming up, reinforcing the narrative of Bitcoin as an inflation hedge and a store of value.

• Increased activity on Solana blockchain

The trading volume and number of active wallets in the Solana ecosystem have recently continued to rise, showing clear signs of recovery in the DeFi and NFT sectors.

• Bitget platform faces community controversy

Recently, users have reported trading anomalies and liquidation disputes on the Bitget platform, with the official response stating that an internal investigation will be initiated, but the incident has still sparked dissatisfaction among parts of the community.

⸻

【Other Highlights】

• Internal discussions at the European Central Bank to slow down quantitative tightening

Under the pressure of a slowing European economy, some officials are calling for adjustments to the asset reduction plan by mid-year.

• Global corporate merger and acquisition wave continues

Several large tech companies and financial institutions have initiated mergers or investment actions, indicating an active market capital, but accompanied by rising potential regulatory risks.