Greeks.live: This week is a big week for macro, and the SEC is likely to respond to the ETH ETF

Greeks.live macro researcher Adam posted on the X platform that this week (7/1-7/7) 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 terms of encryption, the SEC is likely to respond to the ETH ETF this week. Although it is unlikely to pass directly, there is a high probability of good news. Quarterly delivery has just ended, and the IV of each major term is very low. - 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 released the minutes of the June monetary policy meeting. Wednesday, July 3** US June ADP employment; US initial jobless claims for the week. Thursday, July 4** The Federal Reserve releases the minutes of its monetary policy meeting; The UK holds a general election; The European Central Bank releases the minutes of its June monetary policy meeting; The US SEC may approve the Ethereum spot ETF as early as today. Friday, July 5*** US unemployment rate in June; US non-farm payrolls in June. -Crypto market outlook: The cryptocurrency market has experienced a difficult month. Since entering the adjustment in mid-March this year, BTC and ETH have been fluctuating and falling most of the time, and the crypto market is relatively sluggish. At present, the overall IV is at a low level, and the margin released by the quarterly large delivery will gradually return to the market.