In a move that has sent shockwaves through the crypto community, Tether, the world's largest stablecoin issuer, has minted a staggering $1 billion worth of USDT. This development, coupled with the recent cooling of Producer Price Index (PPI) inflation in the United States, has sparked widespread speculation that a new crypto bull run is on the horizon.

全球最大的穩定幣發行商 Tether 鑄造了價值 10 億美元的 USDT，此舉震驚了加密貨幣社群。這一事態發展，加上最近美國生產者物價指數（PPI）通膨的降溫，引發了人們的廣泛猜測，即新的加密貨幣牛市即將到來。

The minting of $1 billion USDT by Tether's treasury has been interpreted by many as a sign of increased liquidity entering the crypto market. Historically, such large-scale minting activities have been followed by extended bullish trends in Bitcoin and other cryptocurrencies. Data from CryptoQuant indicates that the circulating supply of USDT has increased significantly in recent months, potentially signaling the arrival of fresh capital into the market.

Tether 金庫鑄造 10 億美元 USDT 被許多人解讀為進入加密市場的流動性增加的跡象。從歷史上看，這種大規模的鑄幣活動伴隨著比特幣和其他加密貨幣的長期看漲趨勢。 CryptoQuant的數據顯示，近幾個月USDT的流通量大幅增加，可能預示著新資本進入市場。

Whales and Institutions Accumulating Crypto

鯨魚和累積加密貨幣的機構

The recent inflows of digital asset investment products, as reported by CoinShares, further support the notion of increased institutional interest in the crypto space. Ethereum products, in particular, have seen substantial inflows, accounting for the majority of the $176 million total inflows last week. Additionally, the spot Ethereum ETF weekly inflows turned positive for the first time, suggesting that Grayscale outflows are slowing down and institutions are actively buying the dip.

根據 CoinShares 報告，最近數位資產投資產品的流入進一步支持了機構對加密貨幣領域興趣增加的觀點。尤其是以太坊產品，出現了大量資金流入，佔上週 1.76 億美元總流入量的大部分。此外，現貨以太幣ETF每週流入量首次轉正，顯示灰度資金流出正在放緩，機構正積極逢低買進。

Federal Reserve's Expected Interest Rate Cuts

聯準會降息預期

The anticipated interest rate cuts by the Federal Reserve, starting in September, have also contributed to the bullish sentiment surrounding the crypto market. The CME FedWatch tool now favors a 50 basis points (bps) rate cut in September, a scenario that is widely considered favorable for Bitcoin and other cryptocurrencies. This shift in expectations comes after the recent PPI data release, which showed that inflation levels are moving closer to the Fed's 2% target.

聯準會預計從 9 月開始降息，也加劇了加密貨幣市場的看漲情緒。 CME FedWatch 工具目前支援 9 月降息 50 個基點 (bps)，這種情況被廣泛認為有利於比特幣和其他加密貨幣。這種預期轉變是在最近發布的 PPI 數據之後發生的，該數據顯示通膨水準正在接近聯準會 2% 的目標。

Bitcoin and Altcoins Poised for Gains

比特幣和山寨幣有望上漲

The Bitcoin price has already responded positively to the PPI data, jumping up to the $61,000 mark. However, investors are now closely monitoring Wednesday's Consumer Price Index (CPI) data release. A weaker-than-expected CPI could solidify the market's expectations for a 50 bps rate cut in September, a scenario that is not yet fully priced in. If this occurs, the Bitcoin price is likely to break through the $61,000 resistance, paving the way for a new all-time high.

比特幣價格已經對 PPI 數據做出積極反應，躍升至 61,000 美元大關。然而，投資人目前正在密切關注週三公佈的消費者物價指數（CPI）數據。弱於預期的CPI 可能會鞏固市場對9 月降息50 個基點的預期，但這種情況尚未完全反映在價格中。平道路創歷史新高。

While Bitcoin is expected to lead the charge, altcoins and new meme coins are also poised to offer attractive returns in the coming months. Smart money investors have already begun accumulating promising altcoins and meme coins, such as and , in search of potential 10x to 100x returns.

雖然比特幣預計將引領潮流，但山寨幣和新的迷因幣也有望在未來幾個月提供有吸引力的回報。聰明的投資者已經開始累積有前途的山寨幣和模因幣，例如 和 ，以尋求潛在的 10 倍到 100 倍回報。

As the crypto market eagerly awaits the outcome of the upcoming CPI data release, the combination of Tether's USDT minting, institutional inflows, and the Federal Reserve's dovish stance has created a perfect storm for a potential crypto bull run. Whether this speculation will materialize into reality remains to be seen, but one thing is certain: the crypto market is buzzing with anticipation and excitement.

在加密貨幣市場熱切等待即將發布的 CPI 數據結果之際，Tether 的 USDT 鑄幣、機構資金流入以及美聯儲的鴿派立場相結合，為潛在的加密貨幣牛市創造了一場完美風暴。這種猜測是否會成為現實還有待觀察，但有一點是肯定的：加密貨幣市場充滿了期待和興奮。