Important events schedule for this week: SEC delays response to ETH ETF, which will start trading as early as next week

Golden Finance reports the schedule of important events this week (July 8 to July 14). This week is not a macro week, but the actions of the German and American governments selling Cryptocurrency have already overshadowed other factors in the market. It is difficult for the market to improve effectively without the stop of the sell-off, so it is necessary to closely follow the movements of the German and American governments this week. On the Cryptocurrency front, the SEC has postponed its response to ETHETF, which will start trading as early as next week. Favourable Information may appear this week. This week’s major event: Monday, July 8 The SEC has returned the S-1 form to the Ethereum ETF issuer and requested resubmission by July 8th. July 9th, Tuesday Federal Reserve Chairman Powell delivered semi-annual monetary policy testimony to the Senate Banking Committee; Wednesday, July 10th The Reserve Bank of New Zealand releases the Interest Rate decision and the assessment report on monetary policy. Thursday, July 11th US June CPI US initial jobless claims this week; July 12th, Friday U.S. June PPI. Cryptocurrency Market Outlook: The Cryptocurrency market is experiencing its worst July ever, as BTC and ETH accelerate their decline under enormous selling pressure from the German and US governments, making the Cryptocurrency market even more sluggish. The overall IV level is currently undergoing a significant rebound, and it is a good time to establish sell orders when IV is relatively high, while the large amount of funds for quarterly delivery may push IV back at any time.