$ETH $XRP The rate cut expectation has reversed again. According to the latest CME data, the probability of the Federal Reserve cutting interest rates in January next year is only 24.4%, a figure that is enough to shatter many traders' optimistic illusions. An official spokesperson repeatedly emphasized that inflation risks are far more urgent than employment prospects, and hasty rate cuts could backfire—reigniting price pressures and damaging the central bank's reputation.

Meanwhile, the crypto ecosystem remains lively. Some politicians openly questioned the existence of "systemic risks" in decentralized trading platforms, criticizing their lack of effective regulation, and even involving political and business figures. The public opinion battle is intensifying, and regulatory tactics are quietly upgrading.

On one side, macroeconomic conditions have not significantly improved; on the other side, capital is stirring in the shadows—Cumberland DRW recently quietly transferred 1,335 ETH to an anonymous wallet. Is this a washout and layout or risk avoidance? The entire market is filled with a strange balance: the seesaw of growth and inflation is swaying, and the game between policy and innovation is everywhere. Are you betting on the central bank or on the chain for the next wave of market movement?