This week, the market will usher in a series of high-profile events, which will attract great attention from investors. The approval of the spot ETH ETF has become the focus, and its approval will provide investors with a more convenient investment channel.

At the same time, the U.S. House of Representatives is expected to vote on the veto of SAB 121, which was overturned by the Biden administration in May. The abolition of SAB 121 will directly affect the status of digital assets in the U.S. financial system.

In addition, the U.S. CPI and PPI data for June will be released soon. These key economic indicators will provide important basis for the Fed's policy direction. Fed Chairman Powell is also expected to deliver a semi-annual monetary policy testimony to the House Financial Services Committee.

The market predicts a 50% chance of a 25 basis point rate cut before November this year, which may bring new vitality to the market#BTC☀ #wife #sats，