Analysts: Rate hike expectations may rise slightly before September Fed meeting

This macro signal matters for crypto and RWA markets primarily through its impact on liquidity conditions. A slightly higher chance of a rate hike before September would tighten financial conditions, potentially pressuring risk assets and influencing yield expectations for tokenized Treasuries. The key watch is whether incoming economic data reinforces this shift or if Fed communication pushes back, as that will determine the near-term direction for rate-sensitive digital assets.