The global asset landscape in 2026 is facing reshaping, with commodities taking center stage. The core logic of the current market is actually quite clear—the geopolitical game is reshaping the energy landscape, interest rate policies dominate risk appetite, and the movements of high-beta assets like Solana and ETH ultimately depend on these two major themes.

**Geopolitical Reshaping, Energy and Rare Metals as Focal Points**

The US strategy adjustment towards Latin America—policy actions in Venezuela, Colombia, Cuba, along with commercial cooperation intentions with Greenland—are essentially pointing in one direction: strategic positioning for energy and mineral resources. This is not empty talk; it directly benefits the price performance of traditional commodities like oil, copper, cobalt, and zinc.

Another unavoidable variable is the upcoming Supreme Court ruling on reciprocal tariffs. Market expectations suggest this ruling will likely be deemed unconstitutional. Once confirmed, the chain reaction could be intense: long-term pressure on US Treasuries, rising yields; in the short term, marginal improvements in corporate profits and moderate inflation could support US stocks and global markets; gold could strengthen, and the US dollar could come under pressure. Conversely, non-gold metals like copper and aluminum might face adjustment pressures. Don't forget the US fiscal deficit and the flow of funds in the private economy—these are variables to watch closely in the future.

**Tightening Interest Rate Cycle, Continued Dovish Rate Cut Expectations**

This is the key factor determining the short-term rhythm of crypto assets. If December’s US CPI and PPI data exceed expectations, it will directly hit risk assets. Based on the current situation, the probability of maintaining no rate cuts in the three FOMC meetings in January, March, and April 2026 is higher. The window for Powell to initiate rate cuts during his term is shrinking, which is a long-term pressure on all high-risk assets—including mainstream coins like Solana and ETH.

The bottom line is this: focus on the Federal Reserve’s actual actions, not what they say; how geopolitical conflicts evolve will determine commodity price ceilings; and the tightening or loosening of liquidity will decide risk appetite for crypto assets. These three dimensions working together are the main theme of 2026.