According to BlockBeats, on July 27, based on BIT (bit.com) market data, US software companies' stocks rose in early trading, with Salesforce (CRM.N) up more than 3%, Oracle (ORCL.N) up about 5%, and ServiceNow (NOW.N) up nearly 4%.

According to BlockBeats, on July 27, Futu Clearing, the US clearing entity of Futu Securities, and TradeUP, the US brokerage entity of Interactive Brokers, provided information on more than 310 accounts suspected of being involved in options insider trading to the plaintiffs in related lawsuits.

The report states that the number of accounts involved in the case, which was initially around 100, has now increased to 310. Despite the large number of accounts involved, the illegal profits are highly concentrated. Preliminary analysis shows that just eight traders profited more than $80 million from the related transactions, accounting for nearly 60% of the plaintiff's estimated total illegal profits of $137 million.

It is understood that these traders are accused of making large-scale purchases of short-term options on Futu and Tiger Brokers before regulators issued rectification documents for securities firms. The relevant accounts were subsequently locked. Currently, not all account holders have been formally named as defendants, and participating in the transactions does not equate to being found guilty of insider trading. The case is still under further investigation and litigation.

According to BlockBeats, on July 27th, Bitcoin will face multiple macroeconomic factors this week, with the market focusing on the Federal Reserve's interest rate decision, US inflation data, and the development of the US-Iran situation. Investors are preparing for potential volatility.

The Federal Reserve will announce its latest interest rate decision on July 29. Influenced by inflationary pressures and geopolitical risks, the market is again betting on a rate hike. CME FedWatch data shows that the market currently expects a 31% probability of a rate hike this week, while the probability of a rate hike at the September meeting once rose to 50%.

The yield on the 2-year U.S. Treasury note rose to 4.3% last week, further reinforcing market expectations of tightening monetary policy. However, with the U.S. and Iran suspending military operations, oil prices fell by about 8% in early trading on Monday, somewhat cooling expectations of an interest rate hike.

Besides the interest rate decision, the market will also focus on the June personal consumption expenditure (PCE) inflation data to be released on July 31. Previously, the May PCE year-on-year growth rate reached 4.1%, a three-year high, and the market expects the June data to potentially fall back to around 3.7%.

Meanwhile, the correlation between Bitcoin and US stocks continues to decline. TradingView data shows that the 20-week rolling correlation between BTC/USD and the S&P 500 is currently near its lowest level since March, and its correlation coefficient with the Nasdaq is only 0.11. However, if macroeconomic risks escalate, these two risky assets may still re-synchronize their fluctuations.

On-chain data shows that the trend of Bitcoin whale funds flowing into trading platforms is cooling down. CryptoQuant data shows that since June 12, the amount of BTC flowing into Binance from whales has decreased by about 44%, while retail inflows have decreased by about 22%. Currently, the scale of retail inflows is about twice that of whales, with a difference of $3.9 billion.

In terms of price, Bitcoin briefly touched $65,680 after the weekend close, before continuing to test the resistance level of the 50-month exponential moving average. Analyst Rekt Capital stated that the current BTC price is trapped within a range between the 200-week moving average and the 50-month moving average, and continued compression could eventually trigger significant volatility.