Grayscale's research report believes that the Federal Reserve's decision on Wednesday to raise the benchmark interest rate by 25 basis points to 3.75%-4.00% is an adjustment within the cycle rather than a cyclical policy shift, and is unlikely to trigger major changes in the crypto market. The one or two rate hikes expected in 2026 are also unlikely to alter capital allocation. The report cites a one-time rate hike in March 1997 during Greenspan's tenure as an example, noting that the Nasdaq bull market was not significantly affected at the time. However, the report points out that stablecoin issuers like Circle and Tether could earn higher income due to rising interest rates, and the increased yields of tokenized bonds and money market funds might drive on-chain capital inflows. Therefore, rate hikes may have varying impacts on different assets within the crypto ecosystem. https://(wublock123.com)/news/news-68581