Today and tomorrow, data on CPI and PPI will be announced. The inflation data will reflect the impact of tariffs, and the current market expectations are not very optimistic. If the data turns out to be negative, it may impact interest rate cut expectations and market sentiment.
On the altcoin front, there has been new progress regarding SOL's ETF. Last night, the SEC requested that the issuer of the proposed spot SOL ETF submit a revised S-1 form within the next week. Industry insiders believe that this ETF could be approved within 3 to 5 weeks. Additionally, there are reports that the SEC also seems willing to accept proposals that include staking mechanisms, which would be beneficial not only for SOL but also for ETH.
Last night, both ETH and SOL showed strong performance. It seems that the altcoin ETF is on the way, which is expected to bring a wave of altcoin market activity. Bloomberg believes that the market is about to enter the altcoin ETF phase and has also provided the approval rates for other altcoin ETFs by 2025: LTC 90%, SOL 90%, XRP 85%, DOGE 80%, HBAR 80%, ADA 75%, DOT 75%, AVAX 75%, SUI 60%, TRX uncertain. These are all altcoins worth paying attention to, as they basically belong to the ETF sector.
