(Late night explosion! Treasury Secretary supports Powell, countdown to interest rate cuts, is the crypto space going crazy? 3 major highlights to ambush in advance!)
(1) A word from the Treasury Secretary, and the market is excited!
Last night, U.S. Treasury Secretary Basent suddenly called out: "Powell is not allowed to resign!" On the surface, it seems like protecting someone, but in reality, it hides a big move—The Federal Reserve's signal for interest rate cuts can no longer be concealed! Trump has been criticizing Powell for not cutting rates, even using the "White House renovation overspending of 2.5 billion" to pressure him; now Basent is urgently putting out the fire because the Federal Reserve has secretly hinted: There may be two interest rate cuts before the end of the year! This is a nuclear-level positive for the crypto space!
(2) Interest rate cuts = crypto space printing machine activated!
History proves that every time the Federal Reserve injects liquidity, Bitcoin and Ethereum soar! Now BTC is hovering at 119,000 USD, clearly indicating that large funds are waiting for policy implementation. Once the interest rate is cut, liquidity will explode, and mainstream coins will definitely rise first as a courtesy!
(3) Is Powell really safe? 3 major pitfalls still exist!
Although the Treasury Secretary is backing him, Trump's team hasn't given up:
Perjury threat: Republican lawmakers accuse Powell of "falsifying renovations", maximum sentence of 5 years!
Legal loophole battle: Trying to bypass (Federal Reserve Act) and forcibly change personnel, but the Supreme Court has ruled that the President does not have the authority to arbitrarily dismiss the Federal Reserve Chairman!
Power vacuum trap: If Powell is really ousted, Vice Chairman Jefferson will take over temporarily, but the Senate is on recess in August and cannot approve a new appointee, which may lead to chaos in the Federal Reserve!
Zhuque's sharp commentary:
The more chaotic the politics, the more funds flow into the crypto space! Deutsche Bank predicts that if Powell is fired, the dollar may plummet 3%-4% in a single day, and at that time, Bitcoin's "digital gold" attribute will be frantically sought after!
(4) Must watch 3 major highlights before interest rate cuts!
July 31 Federal Reserve meeting: Governor Waller has hinted at supporting a 25 basis point rate cut; once confirmed, ETH, SOL, and other smart contract coins will definitely skyrocket!
Hong Kong ETF fund movements: Mainland funds are rushing to buy Bitcoin through Hong Kong, spending 200 million USD in a single day! After the interest rate cut, compliant channels may become the main battleground for funds!
Epic airdrop warning: Internal news from a certain exchange, three major protocols in the ETH ecosystem will launch airdrops in August, interactive tutorials are ready!
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