According to the source, the Federal Reserve cut the policy rate by 25 bps, the first reduction since last December, a shift that historically supports risk assets when real yields fall; crypto traders should watch DXY and U.S. 2-year yields for confirmation of flows into BTC and ETH. Source: Federal Reserve data. According to the source, the first U.S. XRP ETF is slated for Sept. 18 and CME will list options on Oct. 13; such listings typically tighten spreads, deepen liquidity, and lift implied volatility around launch and first expiries—monitor XRP spot-futures basis, options term structure, and open interest for positioning cues. Source: CME Group materials; Cboe Global Markets ETF market-quality research. According to the source, the SEC eased spot ETF listing procedures and cleared Grayscale’s Large Cap Crypto Fund, potentially broadening onshore access and fueling creation/redemption and basis trades across BTC, ETH, and XRP. Source: U.S. SEC filings; Grayscale fund documentation.