The financial market is undergoing a new transformation. The possibility of the Fed lowering interest rates has sparked widespread discussion, and the market generally sees this as a form of indirect rate cut. Regarding the extent of the rate cut, some believe that a reduction of 25 basis points may be implemented, with continued rate cuts expected next year.

However, there are still many uncertainties in the Fed's decision-making. If the Fed chooses not to cut interest rates in the fourth quarter but instead delays it until next year, this could create a one-year opportunity for certain financial institutions. For investors, this situation may create more investment opportunities.

The financial environment next year will face numerous challenges, including tax policies and asset inspections in the digital currency sector, which may have a short-term negative impact on the market. If expectations for interest rate cuts can be maintained next year, it might alleviate market pressure to some extent.

On the other hand, the U.S. stock market has also begun to scrutinize some controversial companies, which is seen as a positive move. Currently, there are many fraudulent or poorly managed companies in the market that often lack substantial business operations yet raise large amounts of capital through various means. This behavior is not only present in the emerging digital currency market but also poses similar issues in the traditional stock market.

Therefore, strengthening market regulation and clarifying the bottom line of the rules are of great significance for maintaining market order and protecting the interests of investors. This not only promotes the healthy development of the market but also helps to improve the stability and credibility of the overall financial environment.