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.

全球最大的稳定币发行商 Tether 铸造了价值 10 亿美元的 USDT，此举震惊了加密货币社区。这一事态发展，加上最近美国生产者价格指数（PPI）通胀的降温，引发了人们的广泛猜测，即新的加密货币牛市即将到来。

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 金库铸造 10 亿美元 USDT 被许多人解读为进入加密市场的流动性增加的迹象。从历史上看，这种大规模的铸币活动伴随着比特币和其他加密货币的长期看涨趋势。 CryptoQuant的数据显示，近几个月USDT的流通量大幅增加，可能预示着新资本进入市场。

Whales and Institutions Accumulating Crypto

鲸鱼和积累加密货币的机构

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.

据 CoinShares 报道，最近数字资产投资产品的流入进一步支持了机构对加密货币领域兴趣增加的观点。尤其是以太坊产品，出现了大量资金流入，占上周 1.76 亿美元总流入量的大部分。此外，现货以太坊ETF每周流入量首次转正，表明灰度资金流出正在放缓，机构正在积极逢低买入。

Federal Reserve's Expected Interest Rate Cuts

美联储降息预期

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.

美联储预计从 9 月份开始降息，也加剧了加密货币市场的看涨情绪。 CME FedWatch 工具目前支持 9 月份降息 50 个基点 (bps)，这种情况被广泛认为有利于比特币和其他加密货币。这种预期转变是在最近发布的 PPI 数据之后发生的，该数据显示通胀水平正在接近美联储 2% 的目标。

Bitcoin and Altcoins Poised for Gains

比特币和山寨币有望上涨

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.

比特币价格已经对 PPI 数据做出积极反应，跃升至 61,000 美元大关。然而，投资者目前正在密切关注周三公布的消费者价格指数（CPI）数据。弱于预期的 CPI 可能会巩固市场对 9 月份降息 50 个基点的预期，但这种情况尚未完全反映在价格中。如果这种情况发生，比特币价格可能会突破 61,000 美元的阻力位，从而铺平道路创历史新高。

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.

虽然比特币预计将引领潮流，但山寨币和新的模因币也有望在未来几个月提供有吸引力的回报。聪明的投资者已经开始积累有前途的山寨币和模因币，例如 和 ，以寻求潜在的 10 倍到 100 倍回报。

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.

在加密货币市场热切等待即将发布的 CPI 数据结果之际，Tether 的 USDT 铸币、机构资金流入以及美联储的鸽派立场相结合，为潜在的加密货币牛市创造了一场完美风暴。这种猜测是否会成为现实还有待观察，但有一点是肯定的：加密货币市场充满了期待和兴奋。