As the expectation of a possible interest rate cut by the Fed in September approaches, market discussions are becoming increasingly intense. Powell and Trump continue to hold opposing views on this issue, raising concerns among investors about the outlook for the Crypto Assets market.

Recently, major crypto assets such as Bitcoin, Ethereum, and Solana have shown a significant downward trend. This market performance may be interpreted as a short-squeeze behavior before interest rate cuts. However, it is worth noting that Ethereum's rapid growth prior may lead to greater correction pressure during this round of adjustment.

Fed Chairman Powell will deliver an important speech on the evening of August 22 regarding the inflation issues caused by tariffs. This marks the Fed's first official acknowledgment of the existence of inflation issues, which may provide a clear response to the interest rate cut question. If a rate cut is confirmed, the focus of the market will be whether the cut will be 25 basis points or 50 basis points, but the general expectation leans towards a moderate cut of 25 basis points.

At the same time, the year-on-year Producer Price Index (PPI) in the United States for July exceeded expectations, and this data will also influence the Fed's decisions. In this complex economic environment, investors need to closely monitor various economic indicators and policy signals to better grasp market trends.