機構見解：特朗普與杰羅姆·鮑威爾（Jerome Powell）的緊張局勢：美聯儲的改頭如何來了？

在本週的機構見解中，我們深入研究了塑造傳統和加密市場的最新發展。

In this week’s edition of Institutional Insights, we delve into the latest developments that are shaping both traditional and crypto markets. From potential shifts in U.S. monetary policy to exciting movements in the cryptocurrency space, here’s everything you need to know about the market, including key ETF flows, trending topics, and the latest token unlocks. Let’s take a closer look at the biggest highlights.

在本週的機構見解中，我們深入研究了塑造傳統和加密市場的最新發展。從美國貨幣政策的潛在轉變到加密貨幣領域的激動人心的運動，您需要了解有關市場的所有信息，包括關鍵的ETF流，趨勢主題和最新的令牌解鎖。讓我們仔細看看最大的亮點。

Trump’s Tensions with Jerome Powell: Is a Fed Shake-Up Coming?

特朗普與杰羅姆·鮑威爾（Jerome Powell）的緊張局勢：美聯儲的改頭是否來了？

A storm is brewing in Washington, as U.S. President Donald Trump considers firing Federal Reserve Chairman Jerome Powell. The administration is exploring the possibility of removing Powell, according to National Economic Council Director Kevin Hassett. Trump's frustration with Powell has been simmering for months, and he has repeatedly slammed the Fed chief for not acting swiftly enough to reduce interest rates.

由於美國總統唐納德·特朗普（Donald Trump）認為解僱美聯儲主席杰羅姆·鮑威爾（Jerome Powell），在華盛頓正在釀造風暴。根據國家經濟委員會主任凱文·哈塞特（Kevin Hassett）的說法，政府正在探索消除鮑威爾的可能性。特朗普對鮑威爾的挫敗感已經耗盡了幾個月，他一再抨擊美聯儲負責人的行為不足以降低利率。

The Conflict Unfolds:

衝突展開：

The main focus of Trump's irritation has been Powell's handling of interest rates, which he claims were raised too quickly after Trump's tax cuts took effect. The president feels that the Fed's actions were meant to scuttle his economic agenda, and he has stated that he believes the cuts were "fantastic" and would have led to a booming economy if not for Powell's actions.

特朗普刺激的主要重點是鮑威爾（Powell）處理利率，他聲稱在特朗普減稅生效後，這太快了。總統認為美聯儲的行動是為了破壞他的經濟議程，他說，他認為削減措施是“奇妙的”，如果不是為了鮑威爾的行動，它將導致經濟蓬勃發展。

However, Trump's concerns extend beyond interest rates. He has also accused Powell of not addressing inflation concerns related to federal spending under President Biden, further fueling the growing frustration within the Trump administration.

但是，特朗普的擔憂超出了利率。他還指責鮑威爾沒有解決拜登總統領導下與聯邦支出有關的通貨膨脹問題，進一步加劇了特朗普政府內部日益增長的挫敗感。

At a recent press conference, Trump made it clear that if he decides to remove Powell, it could happen quickly, but he stopped short of announcing an official move. This situation highlights the delicate dynamics between the executive branch and the Federal Reserve as Trump navigates the economic challenges leading into the next election.

在最近的一次新聞發布會上，特朗普明確表示，如果他決定撤職，這可能會很快發生，但他停止宣布正式行動。當特朗普在導致下次選舉的經濟挑戰中引起的經濟挑戰時，這種情況凸顯了行政部門和美聯儲之間微妙的動態。

XRP ETF Launches in Asia as Ripple Expands Institutional Footprint

XRP ETF在亞洲推出，因為Ripple擴展了機構足跡

In crypto news, there are exciting developments as HashKey has launched the first investment fund in Asia designed to track the performance of XRP, the digital asset central to Ripple's global payment network. This fund, HashKey XRP Tracker Fund, offers professional investors in the region a unique way to gain exposure to XRP without the complexities of managing the digital asset directly.

在Crypto News中，Hashkey啟動了亞洲的第一個投資基金，旨在跟踪Ripple全球支付網絡中心的Digital Asset Central，這是令人興奮的發展。該基金Hashkey XRP Tracker基金為該地區的專業投資者提供了一種獨特的方式，可以在沒有直接管理數字資產的複雜性的情況下獲得XRP。

Key Details of the XRP ETF:

XRP ETF的關鍵細節：

The fund is structured as a fully disclosed private collective investment scheme that will be marketed to professional clients and high-net-worth individuals in Hong Kong.

該基金的結構是完全披露的私人集體投資計劃，該計劃將向香港推銷給專業客戶和高淨值個人。

It aims to provide optimal tracking of the XRP price performance in U.S. dollar terms.

它旨在以美元的方式提供最佳的XRP價格性能。

The fund’s performance will be reported on a regular basis to keep investors informed of its progress.

該基金的績效將定期報告，以使投資者了解其進度。

This initiative showcases Ripple's commitment to expanding its institutional footprint in the crypto market. As the demand for regulated digital assets continues to grow, this fund could play a significant role in shaping the future of cryptocurrency investments.

該計劃展示了Ripple致力於擴大其在加密貨幣市場的機構足蹟的承諾。隨著對規範數字資產的需求不斷增長，該基金可能在塑造加密貨幣投資的未來中發揮重要作用。

Top-Performing Tokens and ETF Flows

表現最好的令牌和ETF流

In addition to the headlines surrounding Ripple and the U.S. Federal Reserve, this week has seen strong performance in other leading tokens, such as BTC, ETH, and LINK. Various institutional products are gaining traction, and ETF flows are particularly noteworthy as more investors seek ways to access the crypto space without taking on the direct risk associated with holding digital assets.

除了圍繞Ripple和美國美聯儲的頭條新聞外，本週在其他領先代幣（例如BTC，ETH和Link）中表現出色。各種機構產品正在獲得吸引力，而ETF流也特別值得注意，因為越來越多的投資者尋求訪問加密貨幣空間的方法，而無需承擔與持有數字資產相關的直接風險。

Upcoming Events and Token Unlocks

即將舉行的事件和令牌解鎖

Keep an eye on upcoming token unlocks and market events, which could have a substantial impact on market dynamics in the coming weeks. Institutional investors are increasingly participating in the space, and as products like the HashKey XRP Tracker Fund become more popular, we can expect to see further institutional interest fueling the growth of the crypto market.

請密切關注即將到來的代幣解鎖和市場事件，這可能會對未來幾週的市場動態產生重大影響。機構投資者越來越多地參與該領域，隨著Hashkey XRP Tracker基金等產品變得越來越受歡迎，我們可以期望看到進一步的機構興趣助長了加密市場的增長。