This week's key developments in the cryptocurrency market, a decisive week In terms of legislation, the US Congress' "Crypto Week" has entered a critical stage, Crypto Week is mainly a series of cryptocurrency bills jointly promoted by the Financial Services Committee and the Agriculture Committee of the United States House of Representatives, There are three core bills: -Stablecoins Act: Discuss how to issue licenses for stablecoin issuers (such as USDC and USDT issuers). The current draft tends to adopt a model of state government licensing and federal recognition, which is beneficial for existing large stablecoins. -The ban on digital dollars aims to prohibit the Federal Reserve (the central bank of the United States) from directly issuing official digital currencies (CBDCs) to the public. -The Market Structure Act aims to provide clearer rules for the entire cryptocurrency market. The resistance mainly comes from the Democratic Party, while the Republican Party hopes to quickly advance these bills The situation regarding ETFs is relatively good, and the SEC is already paving the way for spot ETFs The US Securities and Exchange Commission (SEC) released a 12 page guideline last week, widely seen by the market as preparation for approving spot cryptocurrency ETFs, particularly the Solana ETF. And all applicants for Solana spot ETFs are required to update their application documents by July 31st, which means the approval decision will arrive earlier than the originally planned October 10th. Two situations: Assuming that regulatory agencies and lawmakers mainly emphasize the need for transparent custody and auditing of assets during the hearing this week, while downplaying concerns about market manipulation, the prices of SOL and other high-risk altcoins may rise earlier. If there are any negative comments about whether the profits generated from token staking are considered dividends, it may trigger a rapid decline in market prices. Additionally, there is a large amount of unlocking, which needs to be emphasized again: July 15th (Tuesday): Starknet (STRK): Unlock 127 million coins worth approximately $180 million. July 18th (Friday): TRUMP: Unlock 90 million coins Arbitrum (ARB): Unlock 775 million coins.