The latest minutes from the Federal Reserve meeting have arrived, and interest rate cuts may have to wait. Most members feel that inflation risks are significant, making rate cuts more cautious. Tariffs have increased inflationary pressures, reducing hopes for a rate cut in September. Powell's speech on Friday is very important; the market is waiting for his signals. In the short term, cryptocurrencies may be under pressure, but the favorable conditions for rate cuts will come, and altcoin markets may be delayed but will eventually arrive. Be careful in operations, wait for Powell's speech to decide, and pay attention to inflation and employment data.