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Bybit's Chief Legal Officer Robert MacDonald Named to Asia Legal Business' Top 15 Asia-Pacific Compliance Officers for 2025

6 hours ago

On July 4th, Asian Legal Business (ALB) declared the "2025 Top 15 Chief Compliance Officers in Asia" list. Robert MacDonald, the Head of Legal and Compliance at Bybit, was successfully included in this list. ALB pointed out that MacDonald, with his extensive experience in regulation, technology, and corporate governance, has showcased strong "regulatory diplomacy" abilities. This has enabled Bybit to achieve a balance between compliance and growth. MacDonald previously worked at the UK Ministry of Justice and was involved in the Financial Action Task Force (FATF) work. Later, he transitioned to the international finance and technology field, aiming to transform regulatory experience into a commercial growth strategy. He joined Bybit in September 2024 and was appointed as the Head of Legal and Compliance at Bybit. Under his leadership, the platform has obtained licenses in regions such as Austria, the UAE, Turkey, and Georgia, and the user base has increased from 30 million to 70 million.
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Web3 cloud platform ICN has completed a €28.8 million funding round at a €398 million valuation, with lead investment from NGP Capital.

On July 4th, the decentralized cloud platform Impossible Cloud Network (ICN), which is based in Zug, Switzerland, announced the completion of a funding round worth €28.8 million. The latest valuation of ICN reached €3.98 billion. This funding round was led by NGP Capital, and 1kx and Protocol Labs also participated. ICN also launched its native token, ICNT, and has plans to list on various centralized exchanges (CEXs) such as Binance and Kraken. ICN aims to build permissionless Web3 cloud infrastructure as an alternative to traditional cloud giants like AWS.

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「40x Short Insider Whale」 Increased Position Again 43.19BTC 30 Minutes Ago, Worth $4.7M

On July 4th, according to on-chain analyst Ai Yi (@ai_9684xtpa), the "40x Short Whale Insider" added 43.19 BTC to their short position half an hour ago, with a value of $4.7 million. Currently, their positions are as follows: BTC 40x Short: Holding 216.07 BTC, worth $23.56 million, with an entry price of $107,380.1; ETH 25x Short: Holding 4446.81 ETH, worth $11.39 million, with an entry price of $2452.03.

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Binance will list BULL and IDOL perpetual contract trading

On July 4th, as per an official announcement, Binance will list BULLA and IDOL perpetual futures contracts. July 4, 2025, at 17:00 (UTC+8): The launch of the BULLAUSDT perpetual contract with a leverage of up to 50x; July 4, 2025, at 17:15 (UTC+8): The launch of the IDOLUSDT perpetual contract with a leverage of up to 50x.

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Upbit has listed STRIKE as a trade warning asset and will suspend deposit services.

On July 4th, according to an official announcement, Upbit will list STRIKE as a trade warning asset, and deposit services will be suspended. It is reported that when a digital asset is designated as a trade warning asset, Upbit typically conducts a detailed review to determine whether to extend, cancel, or ultimately terminate trade support. The relevant page indicates that STRIKE is the native token of the payment protocol Strike.

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White House Digital Asset Policy Advisor: The size of the crypto industry may reach $15 to $20 trillion after the US stablecoin legislation takes effect

On July 4th, Bo Hines, the digital asset policy advisor at the White House, stated in an interview that once the US stablecoin regulations are enacted, the value of the digital asset industry could soar to $15 to $20 trillion. "Tokenized stocks, real-time markets, and a global USD channel. This is how the US can become the global leader in cryptocurrency and fintech."

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Viewpoint: PENGU Indicator Strong, Potential to Rise to $0.028 if Breaks $0.018

On July 4th, according to analyst @ali_charts, PENGU has seen a surge of over 90% in the past week following a switch to a "buy" on the "SuperTrend" indicator. If PENGU manages to break through $0.018, it may set the stage for another upward movement to $0.028. Based on market data, PENGU is currently trading at $0.016, with a 73.3% increase in the past 14 days.

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