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## Crypto Daily Digest: The Fed expects to cut interest rates twice this year, and Shell market makers repurchased nearly 20 million tokens
According to Farside Investors data, the total net inflow of US <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> spot ETFs yesterday was $11.8 million, of which Bitwise BITB received $12.1 million. BlackRock data has not been updated yet. The inflow and outflow of funds in <a href="/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> spot ETFs yesterday were basically negligible.

**Fed dot plot: still expects 2 rate cuts in 2025**

The Fed kept the benchmark interest rate unchanged at 4.25%-4.50%, in line with market expectations. In addition, according to the dot plot released by the Fed, two interest rate cuts are expected in 2025 (two interest rate cuts were also expected in December last year). A 50 basis point interest rate cut is expected in 2026.

Four of the 19 officials do not expect a rate cut in 2025, four expect one, nine expect two, and two expect three.

**Analysis: Loose financial environment may help Bitcoin reach new highs before the end of Q2**

The Federal Reserve announced early this morning that it would slow the pace of shrinking its $6.8 trillion balance sheet, reducing the monthly limit on Treasury reduction from $25 billion to $5 billion. The easing of financial conditions seems to be stimulating risk appetite. The dollar recorded its third largest three-day drop since 2015, while U.S. Treasury yields and bond market volatility also fell sharply.

Jamie Coutts, chief crypto analyst at Real Vision, said these shifts could set the stage for a significant rise in Bitcoin in the next 90 days. Historically, these signals have often preceded significant moves in Bitcoin. Now, as the People's Bank of China steps up liquidity measures, the market may be underestimating how fast Bitcoin could surge, potentially setting a new all-time high before the end of the second quarter, despite lingering concerns about Trump's tariffs and a possible recession.

**SHELL market makers have publicly repurchased 19.95 million SHELLs, worth $5.92 million**

According to the monitoring of on-chain data analyst @ai_9684xtpa, the current balance of the SHELL market maker's public repurchase address has grown to 19.95 million tokens, which is estimated to be worth $5.92 million at the proposed price, which means that 74% of the repurchase progress has been completed (the latest proposal was made 11 hours ago). However, the price of SHELL has not risen significantly.

## Market Trends: BNB Chain meme coin KOMA surged, XRP returned to third place in market cap
### Market Hotspots
AI Agent sector FARTCOIN, AVAAI, GRAIFFAIN and other tokens rose. Several AI Agent concept tokens that rose today have performed well in past rebounds. Even though most AI Agent tokens have fallen nearly 90% from their historical highs in early January, AI is still one of the most noteworthy tracks in the crypto industry.

<a href="/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a> chain meme coins KOMA, WHY and others have risen. With CZ's strong push, the BNB Chain ecosystem has been hot recently. Old meme coins have also gained some financial favor when the market is changing.

<a href="/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a> surged 10%. The SEC gave up suing Ripple, and the market's expectations for Ripple's future IPO and issuance of XRP ETFs were rekindled. The current XRP circulation market cap is $145 billion, surpassing USDT and ranking third in the entire market.

### Mainstream Coins
BTC rebounded to $87,500, breaking through the daily middle line. If it can maintain the current price level for several consecutive days, it will have the opportunity to challenge the $92,000 mark. Today's AHR999 index is 0.87, indicating that the current price is suitable for long-termists to invest.

ETH rebounded and broke through $2,000, and is currently constrained by the daily middle line; ETH has performed better than BTC in the past 24 hours, and the ETH/BTC exchange rate has risen by more than 5%.

Altcoins generally rose, but the gains were small. The market still had no concentrated rising sectors. MUBARAK, a popular ecosystem project of BNB Chain, fell 50% from its high point.

## Macro News: The Fed's interest rate meeting remained unchanged, and expectations for a rate cut in June increased slightly
In the early hours of this morning, the much-anticipated Federal Reserve interest rate meeting was held. The Fed kept its policy unchanged, maintaining the target range of the federal funds rate at 4.25% to 4.5%, which was in line with expectations. At the same time, it announced that it would slow down the pace of balance sheet reduction from April. In addition, the Fed significantly lowered its economic forecast for this year and raised its inflation forecast, reflecting the Fed's vigilance against the economy falling into stagflation.

The Federal Reserve's dot plot shows that among the 19 officials, 4 officials believe that there should be no interest rate cut in 2025 (1 official in December), 4 officials believe that the cumulative interest rate cut should be 25 basis points in 2025, that is, one interest rate cut (3 officials in December), 9 officials believe that the cumulative interest rate cut should be 50 basis points in 2025, that is, two interest rate cuts (10 officials in December), 2 officials believe that the cumulative interest rate cut should be 75 basis points in 2025, that is, three interest rate cuts (3 officials in December), no official believes that the cumulative interest rate cut should be 100 basis points in 2025 (1 official in December), and no official believes that the cumulative interest rate cut should be 125 basis points in 2025 (1 official in December).

Futures data showed traders see a 62.1 percent chance the Fed will resume cutting rates at its June meeting, compared with a 57 percent chance before the Fed’s decision.



<div class="blog-details-info">
<div>Author:**Icing T.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. All investments carry inherent risks; prudent decision-making is essential.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>


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XRP market cap returned to third place; AI Agent sector rose generally

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Daily News | XRP Market Cap Surpassed USDT and Returned to Third Place, The Fed Expects to Cut Interest Rates Twice This Year