It's almost the end of the month, aside from the weekend, the two most important events of the month are coming soon -FOMC Interest Rate Resolution on July 30th -Spot Solana ETF Opinion Collection Deadline Beijing time is always on Thursdays First, let's talk about interest rates. Currently, interest rates remain in the high range of 4.25% -4.50%. It is widely believed (with a 97% probability according to CME FedWatch data) that this meeting will keep interest rates unchanged. The market is betting that the possibility of the Federal Reserve cutting interest rates for the first time in September is about 58% The main reason is that inflation is cooling down, but it has not met the target. The US inflation rate (PCE index) in May has dropped to 2.3%, which is close to the Federal Reserve's 2% target. After excluding food and energy, the core inflation rate is still 2.7%, and the Federal Reserve dare not relax easily, repeatedly emphasizing its dependence on subsequent data. Of course, the Easter egg of this meeting is quite important: the market can only look for clues to future policies from the post meeting statement and Chairman Powell's speech. Any subtle change in a sentence could trigger severe fluctuations in the US dollar and interest rate markets Speaking of spot Solana ETF, it seems that the approval process for SOL ETF is accelerating The SEC (US Securities and Exchange Commission) requires a new round of materials to be submitted before July 31st, otherwise it will be considered withdrawn. As the time is much faster than the usual 240 days, it can be seen that the SEC intends to quickly advance the approval of the SOL ETF. The next important deadline is the statutory latest approval date of October 10th In addition, some institutions estimate that after SOL is approved, the daily inflow of funds may reach $150 million to $200 million, benefiting all projects in the Solana ecosystem.