Reincarnation Community News on May 30

1. 【Powell Meets Trump, Intensifying Policy Game】 (Importance: 30%)

Content: Federal Reserve Chairman Powell met with Trump to discuss the economy and inflation, emphasizing that monetary policy is “not influenced by politics,” but did not clarify the path for interest rate cuts.

Analysis: The meeting exposes policy differences; if Trump fails to pressure for rate cuts, it may strengthen the expectation of rate hikes, suppressing risk assets. In the short term, the market's expectation of a rate cut in June has dropped to 20%, and U.S. Treasury yields are rising, suppressing BTC rebounds.

2. 【Emerging Markets Accelerate Bitcoin Sovereignization】 (Importance: 25%)

Content: The mayor of Panama City proposed that ships pay canal fees in BTC (annual revenue of $4.9 billion) and plans to establish a municipal Bitcoin reserve; UK Reform Party leader Farage promised to promote central bank holding of BTC and tax reduction policies if elected.

Analysis: The narrative of geopolitical sovereign reserves is heating up, but the Panama Canal Authority has not yet responded, leaving the policy implementation in doubt. If realized, it could attract Middle Eastern sovereign funds to follow suit, but the short-term impact on prices is limited.

3. 【Traditional Institutions Deepen Crypto Ecosystem Layout】 (Importance: 20%)

Content: Cantor Fitzgerald will launch a Bitcoin fund backed by gold, aiming to attract conservative investors; JPMorgan reports that spot ETF funds are experiencing net inflows against the trend, and BlackRock's IBIT holdings have exceeded 660,000 BTC.

Analysis: The gold-BTC mixed fund reduces volatility fear but diverts some safe-haven funds; the resilience of ETF funds constitutes a bottom support force, and attention should be paid to whether today's GBTC will see another large redemption.

4. 【Exchanges' Compliance Processes Diverge】 (Importance: 15%)

Content: Coinbase makes a high-profile return to San Francisco, gaining the mayor's support for office expansion; OKX released its 31st reserve proof, with a reserve ratio of 100% for 22 assets.

Analysis: Coinbase's expansion signals a bet on policy loosening, but SEC litigation risks remain; OKX's increased transparency may attract institutional funds, but Tether's disclosure of holding 100,000 BTC in reserves (0.5% of circulation) raises concerns about centralization.