The cryptocurrency market is experiencing significant changes. According to reports, Tether has newly minted USDT stablecoins worth $1 billion on the Ethereum network an hour ago. This move coincides with large-scale fund transfers by multiple major encryption holders (commonly known as "whales") in the billion range, attracting high market attention.

At the same time, Federal Reserve Chairman Powell is set to deliver a speech on Friday, which is considered one of the most critical economic policy statements of the year. Powell's remarks are expected to directly influence the potential interest rate cut decision next month, and therefore are attracting significant attention from all sides.

In this complex market environment, the price trends of mainstream cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) may be significantly affected. Investors are closely monitoring these developments in order to adjust their investment strategies in a timely manner.

With the influx of substantial capital and potential policy changes, the cryptocurrency market may face significant volatility in the short term. Experts advise investors to remain vigilant and closely monitor market trends and regulatory signals to respond to possible market corrections or rebounds.