This week, we will focus on macro data and the SEC's response to the Ethereum ETF.
The approval of the Ethereum spot ETF listing has been postponed again, and Ethereum has broken through $3,500.
The SEC has returned the S-1 form to potential Ethereum ETF issuers with a few comments, asking them to resolve the issues and resubmit. Sources said that these measures will require at least one more round of review before they can take effect. It is reported that the issuer has been asked to address these comments and resubmit by July 8. Sources pointed out that after the form is returned, it will not be the final declaration. This means that at least one round of declarations will be required before the ETF finally starts trading.
This week is a big macro week. The core is the US unemployment rate and non-farm data on Friday. The macro market, which has been silent for many days, has made a comeback, and there are important macro events every weekday.
In the crypto market, the SEC is likely to respond to the Ethereum ETF this week. Although it is unlikely to pass directly, there is a high probability of good news. Quarterly delivery has just ended, and IV of major maturities is very low, which is a good opportunity to build a position.
This week's major events:
Monday, July 1
US June ISM Manufacturing PMI
Tuesday, July 2
Federal Reserve Chairman Powell, European Central Bank President Lagarde and Brazilian Central Bank President Neto spoke at the Central Bank Forum held by the European Central Bank.
Reserve Bank of Australia releases minutes of June monetary policy meeting
Wednesday, July 3
US June ADP employment
US initial jobless claims for the week
Thursday, July 4
Fed releases minutes of monetary policy meeting
UK holds general election
ECB releases minutes of June monetary policy meeting
US SEC may approve Ethereum spot ETF as early as today
Friday, July 5
US June unemployment rate
US June non-farm payrolls
