Tonight, the global markets are all waiting for one answer: What will the Federal Reserve say?

A 25-basis-point rate cut is pretty much a given, but what really makes people nervous is the attitude behind the cut. Easing while tightening expectations—this kind of “hawkish rate cut” is the most torturous scenario. Will the dot plot suggest that rates actually won't come down much next year? Will Powell start emphasizing the tail risk of inflation again? These details are what the market truly cares about.

To make things more complicated, Japan has suddenly entered the picture. A 7.6-magnitude earthquake is more than just disaster news; with a tsunami warning in place, the Bank of Japan’s rate hike plans might be forced to change. The yen fluctuated instantly, and traditional safe haven logic is starting to show cracks.

U.S. stocks have pulled back, the yen is plunging, and central banks around the world are on the sidelines—so where will the money flow in times like this?

Ethereum is becoming a new option.

This isn’t a coincidence. When monetary policy is caught in a “have your cake and eat it too” dilemma, and when natural disasters suddenly rewrite economic expectations, capital starts looking for assets that aren’t bound by geopolitics or national sovereignty. The value of ETH isn’t just in its price movement—it’s essentially a liquidity network supported by global nodes, operating 24/7. In a market full of conflicting emotions, certainty at the code level has become a rare commodity.

The global market is taking a lesson in risk: the interconnected risks of the old system are compounding and amplifying. Meanwhile, assets in the new system may be quietly establishing their own cyclical patterns amid the volatility.

So here’s the question: When even traditional safe-haven assets are starting to waver, will crypto assets like ETH attract more “trust flows”?

What do you think?