This week, the cryptocurrency market will usher in a series of major events, including the approval of the Ethereum ETF, the release of US CPI data, and important legislative changes, all of which may have a profound impact on the market.

US lawmakers will vote on H.J. Res. 109, which aims to overturn the controversial SEC Staff Accounting Bulletin 121 (SAB 121). If the bulletin is overturned, it may promote the integration of digital assets in the US financial system. In addition, market participants are looking forward to the potential approval of the spot Ethereum ETF, which is expected to be listed next week or the week of July 15.

The release of US CPI data on July 11 is another key event, which is expected to show a slight increase in inflation in June. This data will provide important reference for the Federal Reserve’s meeting on July 30-31, which may affect its interest rate decision.

Meanwhile, Solana decentralized exchange Jupiter plans to reduce the supply of its native token JUP by 30%, while Arbitrum-based perpetual DEX Vela will launch Vela V2, bringing new token economics and trading competitions. In addition, Xai will unlock nearly 200 million XAI tokens, and Aptos will also unlock a significant portion of its token APT.