Crypto-linked stocks and digital assets surged on Friday after Federal Reserve Chair Jerome Powell suggested a potential interest rate cut in September. This announcement shifted market sentiment, which had been skeptical about the Fed's actions before year-end. Bitcoin and Ethereum prices rose, alongside gains in the S&P 500 and Nasdaq. Circle led the rally with a 7% increase, while eToro and Marathon Digital each climbed 6%. Coinbase, MicroStrategy, and Robinhood also saw gains. Powell's comments reassured markets about the Fed's cautious approach, boosting investor confidence in a possible September rate cut.