Crypto Live News
Author: Nidhi Kolhapur
Author: Nidhi Kolhapur
Nidhi Kolhapur 
Author
Jul 8, 2024 11:42
Nidhi Kolhapur
Author
This week is set for some major events for the crypto community, as investors eagerly await spot ETH ETF approvals. Further in this week, the US House is likely to vote to overturn the SAB 121 veto. In May, the Biden administration decided to veto the decision by lawmakers to repeal the SAB 121 laws. Furthermore, the US will release the CPI and PPI numbers for June with the Fed chair Jerome Powell likely to deliver his semi-annual monetary policy testimony to the House Financial Services Committee. At present, there are 50% chance of a 25 basis points rate cut by November this year.
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