The upcoming week (July 14 to 20, 2025) is referred to by industry insiders as "American encryption week" due to the concentration of multiple significant events that could have a profound impact on the digital currency market.

First of all, the U.S. Securities and Exchange Commission (SEC) will make a final ruling on the spot Ethereum ETF applications submitted by several institutions on July 18. If approved, this could significantly boost the price of ETH and inject new vitality into the entire encryption market.

Secondly, the U.S. Congress will hold a cryptocurrency hearing on July 16, focusing on the regulatory framework for stablecoins and the progress of the "21st Century Financial Innovation Act." This hearing may provide a clearer compliance pathway for the digital asset industry, thereby influencing the development direction of the entire industry.

Third, the U.S. Bureau of Labor Statistics will release the latest Consumer Price Index (CPI) data on July 17. If the data shows further easing of inflation, it may strengthen market expectations for a rate cut by the Federal Reserve, which typically has a positive impact on risk assets such as Bitcoin.

In addition, as a leading exchange in the cryptocurrency industry, Coinbase will release its latest financial report on July 18. As a barometer of the industry, Coinbase's performance will, to some extent, reflect the activity level and health of the entire cryptocurrency market.

Finally, July 19 will witness the expiration date of Bitcoin options, with contracts involving amounts exceeding $3 billion set to be settled on this day. This event may trigger short-term market fluctuations, presenting opportunities and challenges for traders.

The concentration of these events makes this week one of the most critical periods for the cryptocurrency market in 2025. Market participants will closely monitor the developments of these events, as they may have a significant impact on the future direction of digital currencies. Whether it is changes in regulatory policies, fluctuations in market sentiment, or an increase in institutional participation, further clarification may occur within this week. Therefore, it is particularly important for cryptocurrency investors and industry practitioners to remain vigilant and be ready to respond to market changes.