#数字资产生态回暖 The recent rebound in the crypto market has indeed occurred, but to be honest, the strength of the rebound remains somewhat weak.

What's even more interesting is that after the Federal Reserve announced a rate cut, the market not only failed to rise but actually declined. This indicates one issue—the market doesn't buy into the Fed's policy this time. Market performance is often more honest than words.

The real risk may come from Japan. If Japan actually initiates a rate hike cycle, the impact could be greater than expected. The current fragile global liquidity environment means that the tightening effect from Japan's rate hikes could potentially burst some vulnerable bubbles.

It's worth noting that projects like $GIGGLE and their narrative and ecosystem construction have indeed done well in this cycle, with solid implementation, making it a relatively more promising direction this year. However, given the high macroeconomic uncertainty, caution is still necessary.