On Wednesday evening, the U.S. President disclosed a key piece of information in a nationwide speech: the appointment of the new Federal Reserve Chair will be announced soon, and the candidate clearly favors a low-interest-rate policy. This is no small matter for the crypto market.

Trump emphasized in his speech that the government has been quite effective in controlling inflation, while wage growth has significantly outpaced inflation. But what the market should pay more attention to is his hint about the direction of Fed policy—choosing a chair who supports low interest rates, which directly suggests that future monetary policy could become more accommodative.

For ETH investors, a low-interest-rate environment usually means easier capital inflows into risk assets, including the cryptocurrency market. Compared to tightening cycles, an easing policy often catalyzes upward momentum in the market. The release of this high-level policy signal, to some extent, injects expected momentum into the entire Web3 ecosystem.