Foresight News reports that Binance CEO Richard Teng commented on the anticipated interest rate cut, stating: "We anticipate that the expected interest rate cut will have a significant impact on the price of crypto assets. Lower interest rates enhance the liquidity of the financial system, thereby boosting demand for high-yield, high-risk assets, including cryptocurrencies. For example, between February 2020 and February 2022, when interest rates neared zero, Bitcoin's price surged by 375%. Furthermore, lower interest rates could trigger concerns about inflation, leading some investors to turn to cryptocurrencies to preserve their purchasing power. Low interest rates also weaken the US dollar, potentially making crypto assets more appealing as an alternative store of value. Bitcoin and other cryptocurrencies possess unique characteristics that may influence their prospects during an interest rate cut. One key factor to consider is the recent Bitcoin halving, which historically has been followed by price surges 6-18 months after similar events. The launch of spot ETFs could also facilitate easier transitions between stocks and cryptocurrencies, allowing the liquidity growth brought about by the rate cut to flow into the cryptocurrency market. Additionally, while September is typically a sluggish month for crypto assets, prices usually begin to rebound in October. As prices rebound, the anticipated interest rate cut could provide an extra boost. The impact of the Federal Reserve's rate cut on the cryptocurrency market remains uncertain, but several indicators suggest that the policy change in September could be opportune for cryptocurrency investors. Lower borrowing costs and increased liquidity present a promising outlook for crypto assets. Historical trends and unique cryptocurrency-specific factors further strengthen the optimism surrounding the potential for these policy changes to drive growth."