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Jinse Finance reported that Grayscale's latest macro research report points out that the US government's commitment to maintaining low inflation is facing a credibility crisis due to high debt levels, rising interest rates, and continued deficit spending. If investors begin to doubt the stability of the US dollar as a store of value, they may turn to alternative assets such as cryptocurrencies. The report states that bitcoin and ethereum, as the core currency assets of the crypto market, have limited and transparent supply mechanisms, giving them the potential to hedge against fiat currency depreciation in the macro environment. Similar to gold, their value comes from "not being passively expanded due to government debt needs." Grayscale emphasizes that the current unsustainable growth of public debt is driving global demand for crypto assets, but if governments around the world strengthen fiscal discipline and reaffirm central bank independence in the future, it may weaken the demand for cryptocurrencies.

According to ChainCatcher, citing a report from Golden Ten Data, the CME "FedWatch" tool shows that there is a 96.1% probability that the Federal Reserve will cut interest rates by 25 basis points this week, and a 3.9% probability of a 50 basis point cut. In addition, by October, there is a 20.1% probability of a cumulative 25 basis point rate cut, a 76.8% probability of a cumulative 50 basis point cut, and a 3.1% probability of a cumulative 75 basis point cut.