Recently, Federal Reserve Chairman Powell stated that he expected further tightening of monetary policy and believed that there would be more interest rate hikes in the future. Powell said that although the current monetary policy is tightening, it is still not tightening enough. Additionally, the U.S. labor market is steadily driving economic growth. Given the current economic conditions, the Fed is likely to continue to take action at its upcoming meetings.

This news undoubtedly brings a certain optimistic signal to the blockchain industry. As the financial market tightens, more and more funds and market demand will flow to emerging industries, which provides a good market environment for the rapid development of blockchain technology. At the same time, with the expansion of the market and the addition of funds, the blockchain industry will have more opportunities for technological innovation and project promotion. Overall, the Federal Reserve’s monetary policy has undoubtedly brought new development opportunities to the blockchain industry.