News

BlockBeats News, January 29, Federal Reserve Chairman Powell: Has no intention to lay out specific criteria for when to cut interest rates again. Risks on both sides of the dual mandate have somewhat diminished, and there are differing views within the Committee on how to balance these risks. It is expected that the impact of tariffs on goods will peak this year and then decline. If we see this (tariff-driven inflation peak and fall back), it would suggest that we can ease policy. Short-term inflation expectations have fully receded, which is very reassuring. Longer-term inflation expectations reflect confidence in inflation returning to 2% (FX678).

BlockBeats News, January 29, Currently, reporters have three questions and three non-answers: The Fed did not provide more information on political pressure. No comment on whether he will leave the Fed in May. Similarly, no comment on the US dollar exchange rate. (FX168)

According to a report by Bijie Network, cryptocurrency asset management firm 21Shares predicts that by 2026, the fundamental target price for XRP will be $2.45, citing regulatory clarity and the widespread adoption of US spot ETFs as potential drivers of a “supply shock.” The company’s report outlines multiple scenarios: from a bull case of $2.69 driven by institutional RWA expansion and supply depletion, to a bear case dropping to $1.6 if adoption stalls. Meanwhile, XRP reserves on exchanges have fallen to a seven-year low of 1.7 billion, and with new spot ETFs having raised over $1.3 billion in assets, XRP’s scarcity is further intensified.