Recently, Federal Reserve Chair Jerome Powell's situation has indeed become somewhat awkward. The Justice Department is launching a criminal investigation against him, focusing on a $2.5 billion renovation project that went over budget and whether his testimony before Congress last June was misleading. Powell himself posted a video to strongly counter this investigation, with his core argument being straightforward: this is a smoke screen created by Trump to force a rate cut. However, Powell clearly remains confident about the prospects of a rate cut, with language that exudes certainty that a cut is inevitable. This policy stance has somewhat sent positive signals to the crypto market.

Another challenge the market currently faces is the unlocking wave. This week, three major projects are set to unlock massive amounts of tokens: TRUMP with $271 million, ONDO with up to $680 million, and ARB with 18.8 million. Such levels of unlocking often lead to short-term selling pressure—although historically, there have been patterns of price spikes before unlocking followed by dumps, but for new meme coins like TRUMP, it’s especially risky. The circulating supply could suddenly increase by 12%, causing immediate dilution and leaving little room for rebound. In the short term, avoid chasing these tokens; wait until the hype passes.