The financial markets are on tenterhooks, waiting for the Fed's rate cut in September! No one dares to act rashly, after all, Grandpa Trump is known for stirring things up.

Unlike the interest rate cut cycles of 2007/2008 and 2020, the year 2008 was marked by the global financial crisis, the collapse of Lehman Brothers, and a wailing Wall Street. The year 2020 was characterized by the pandemic black swan, the stock market circuit breaker, and the Fed's massive quantitative easing, leading retail and institutional investors to make money from home, trading stocks and cryptocurrencies, which contributed to the frenzy of the 2021 season of altcoins!

In 2025, although Trump wielded the big stick of tariffs and made a hefty profit, the inflation tiger is still lurking. Internally, due to political conflicts, allies are facing setbacks and encountering various challenges, while externally, the issues with the big goose and small Yi are still not fully clarified. However, the employment and economic data in North America are generally good, Silicon Valley remains the global innovation center, and American companies still dominate the Fortune Global 500!

Moreover, this round of institutions has become smarter, under the guidance of policies and regulations, almost all funds, institutions, and universities can gain exposure to cryptocurrencies without being overly FOMO.

At the same time, the teams from Dongda and Trump are meeting in Madrid to prepare for the October APAC conference. Optimistically speculating, it is estimated that both parties will reach some important agreements in October. From the on-chain TVL perspective, #ETH 资金量依然庞大， sol DAT Foundation is also increasing its purchases. We can also see from on-chain data that Trump's media technology group holds a total of #BTC that has reached the top 8 position, with costs between 110,000 US dollars.

So we can be relatively cautiously optimistic. There may be a pullback after the interest rate cut, but a large fluctuation like before may not occur!