@$BTC、$ETH、$ZEC——The Federal Reserve’s December decision is here, with a 25 basis point rate cut.

Let’s break down the vote: 7 in favor, 3 demanding a more aggressive approach, and the other two outright opposed… In other words, there’s still significant divergence within the committee on the economic outlook. Powell finally stabilized the situation with a one-sentence summary: "Let’s start with a quarter, and see how things develop."

The market immediately erupted. Stocks surged, the dollar came under pressure and declined, and global liquidity expectations loosened. Rumors and jokes flooded the scene—some said Trump, after reading the news, tweeted angrily: "25 basis points? I want 50!" —Although central bank policies are not solely decided by the head, this reaction clearly reflects how strong the market’s desire for easing is.

On-chain, many projects in the Ethereum ecosystem have recently jumped on the trend, launching various Meme coins to ride the wave. In the current low Gas fee environment, these early-stage projects with potential have become ambush points for many. Once the easing expectation intensifies, the rotation effect of risk assets will become apparent.

Overall, with the rate cut window open and liquidity expectations shifting, the logic of incremental capital entering the crypto market is being reshaped.