The cryptocurrency market is closely monitoring upcoming macroeconomic events, particularly Friday's non-farm payroll and unemployment data, which are expected to significantly influence market dynamics. According to Adam, a macroeconomic researcher at Greeks.live, the Federal Reserve's actions this month will have a direct impact on the crypto market. In the crypto space, the launch of WLFI on the Ethereum mainnet on September 1st is noteworthy. As a major recent token generation event, it introduces a large volume of new tokens, potentially exerting pressure on existing market capital. Meanwhile, the implied volatility for major Bitcoin maturities has stabilized at 37%, while Ethereum's has decreased to below 70%, indicating a prolonged market correction with no immediate signs of reversal. Short-term options are seen as attractive for directional analysis, offering limited losses and potential for significant gains.