Recently, Kevin Hassett, the chairman of the White House Council of Economic Advisers, openly stated that the Fed is "far behind the curve" on the issue of interest rate cuts. As the president's key economic advisor, this rare direct criticism has prompted the market to reassess the direction of monetary policy.

From a data perspective, core inflation has fallen to a low of 1.6%, which opens up space for easing policies. The political push for faster interest rate cuts has formed a strong synergy with actual inflation data, leading the market to be filled with expectations for a shift in the future liquidity environment. Such changes in macro policy expectations often directly impact the performance of risk assets.

The sensitivity of the crypto market to the liquidity environment has always been notable. With expectations of interest rate cuts heating up, the funding situation is expected to become more relaxed, which undoubtedly enhances the attractiveness of allocating to token assets for capital seeking high returns. Whether it’s mainstream coins or emerging projects, both may encounter new opportunities in this shift of expectations. Investors need to closely monitor the timeline for policy implementation and prepare in advance for possible market fluctuations.