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BlockBeats note: On July 18, the situation in the conflict between Iran and the US continues to evolve. The Federal Reserve will enter a blackout period ahead of next week's meeting, and there are no major US data releases that could influence the upcoming rate decision. Traders will therefore turn their attention to Europe. Below are the key points markets will focus on in the new week (all times are Beijing time):
Tuesday 20:15, US ADP employment figures for the week ending July 4 undergo scheduled changes;
Thursday 20:15, ECB announces interest rate decision;
Thursday 20:45, ECB President Lagarde holds monetary policy press conference;
Friday 07:30, Japan 6月 Core CPI YoY;

BlockBeats messages: On July 18, according to Coinglass data, as Bitcoin today slightly strengthens and continues to trade sideways, the current funding rates across major CEXs and DEXs indicate that the market remains broadly bearish. The specific funding rates are shown in the accompanying figure.
BlockBeats Note: Funding rate is a fee set by cryptocurrency trading platforms to maintain balance between the contract price and the price of the underlying asset, and is typically used for perpetual futures. It is a mechanism for exchanging funds between long and short traders. The trading platform does not collect this fee; instead, it is used to adjust the cost or profit of traders holding contracts, so that the contract price stays close to the underlying asset price.

According to a BlockBeats report on July 18, citing The New York Times, as Robinhood brings prediction markets into its app, concerns that the platform could take advantage of young, inexperienced investors are growing. In addition, many people to this day still associate Robinhood with the meme-stock craze that swept the market back then, and Robinhood was one of the key drivers of that phenomenon.
Nowadays, Robinhood hopes the outside world sees more than just these labels. The company has become one of the institutions responsible for operating the Trump Accounts plan for children, giving Robinhood an opportunity to build closer ties with the next generation of investors, while also further strengthening its relationship with Washington’s political circles.

BlockBeats message, July 18: Blockchain company Consensys, without realizing it, had allowed a software developer with ties to North Korea to access some of the company’s internal systems for about a month.
Earlier this year, Consensys hired a software development consultant using the alias Tyler Knapp, but later found that he had ties to North Korea. The incident led Consensys to temporarily pause product releases and launch an internal investigation.
Consensys’ general counsel Matt Corva said: “ ‘Knapp’ was introduced to us through our partnership with a reputable third-party service provider, and he worked with Consensys in an advisory capacity. He was never an official employee of Consensys. We discovered this security threat shortly after he joined, promptly terminated all of his access rights in accordance with our security process, and launched a comprehensive investigation. The investigation confirmed that no assets or data were misused, and no malicious code was deployed, so there was no impact on users’ security or assets.”