机构见解：特朗普与杰罗姆·鲍威尔（Jerome Powell）的紧张局势：美联储的改头如何来了？

在本周的机构见解中，我们深入研究了塑造传统和加密市场的最新发展。

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.

在本周的机构见解中，我们深入研究了塑造传统和加密市场的最新发展。从美国货币政策的潜在转变到加密货币领域的激动人心的运动，您需要了解有关市场的所有信息，包括关键的ETF流，趋势主题和最新的令牌解锁。让我们仔细看看最大的亮点。

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

特朗普与杰罗姆·鲍威尔（Jerome Powell）的紧张局势：美联储的改头是否来了？

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.

由于美国总统唐纳德·特朗普（Donald Trump）认为解雇美联储主席杰罗姆·鲍威尔（Jerome Powell），在华盛顿正在酿造风暴。根据国家经济委员会主任凯文·哈塞特（Kevin Hassett）的说法，政府正在探索消除鲍威尔的可能性。特朗普对鲍威尔的挫败感已经耗尽了几个月，他一再抨击美联储负责人的行为不足以降低利率。

The Conflict Unfolds:

冲突展开：

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点是鲍威尔（Powell）处理利率，他声称在特朗普减税生效后，这太快了。总统认为美联储的行动是为了破坏他的经济议程，他说，他认为削减措施是“奇妙的”，如果不是为了鲍威尔的行动，它将导致经济蓬勃发展。

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，特朗普的担忧超出了利率。他还指责鲍威尔没有解决拜登总统领导下与联邦支出有关的通货膨胀问题，进一步加剧了特朗普政府内部日益增长的挫败感。

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.

在最近的一次新闻发布会上，特朗普明确表示，如果他决定撤职，这可能会很快发生，但他停止宣布正式行动。当特朗普在导致下次选举的经济挑战中引起的经济挑战时，这种情况凸显了行政部门和美联储之间微妙的动态。

XRP ETF Launches in Asia as Ripple Expands Institutional Footprint

XRP ETF在亚洲推出，因为Ripple扩展了机构足迹

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启动了亚洲的第一个投资基金，旨在跟踪Ripple全球支付网络中心的Digital Asset Central，这是令人兴奋的发展。该基金Hashkey XRP Tracker基金为该地区的专业投资者提供了一种独特的方式，可以在没有直接管理数字资产的复杂性的情况下获得XRP。

Key Details of the XRP ETF:

XRP ETF的关键细节：

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.

该基金的结构是完全披露的私人集体投资计划，该计划将向香港推销给专业客户和高净值个人。

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价格性能。

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

该基金的绩效将定期报告，以使投资者了解其进度。

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.

该计划展示了Ripple致力于扩大其在加密货币市场的机构足迹的承诺。随着对规范数字资产的需求不断增长，该基金可能在塑造加密货币投资的未来中发挥重要作用。

Top-Performing Tokens and ETF Flows

表现最好的令牌和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.

除了围绕Ripple和美国美联储的头条新闻外，本周在其他领先代币（例如BTC，ETH和Link）中表现出色。各种机构产品正在获得吸引力，而ETF流也特别值得注意，因为越来越多的投资者寻求访问加密货币空间的方法，而无需承担与持有数字资产相关的直接风险。

Upcoming Events and Token Unlocks

即将举行的事件和令牌解锁

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.

请密切关注即将到来的代币解锁和市场事件，这可能会对未来几周的市场动态产生重大影响。机构投资者越来越多地参与该领域，随着Hashkey XRP Tracker基金等产品变得越来越受欢迎，我们可以期望看到进一步的机构兴趣助长了加密市场的增长。