U.S. Treasury Secretary: Stablecoin Regulation Expected to Boost Demand for U.S. Treasury Bonds

On July 4th, based on the @pandajackson42 data dashboard, Binance Alpha's trading volume reached $460 million on July 2nd. This was a slight increase compared to the July 1st volume of $439.6 million. Among them, BR had a trading volume of $297 million, KOGE had a trading volume of $47.31 million, and BULLA had a trading volume of $36.46 million, ranking at the forefront.

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 milli

On July 4th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), the "Insider Trader" @qwatio once more enhanced his short position in the early morning. He increased his short position by 21.04 BTC, causing the total position to return to $30.48 million. Nevertheless, there still exists a considerable risk of liquidation.

On July 4th, as monitored by Farside Investors, Fidelity's FBTC received a net inflow of $237 million the previous day. ARK's ARKB saw a net inflow of $114 million on the previous day. And Bitwise's BITB had a net inflow of $15.5 million on the previous day.

On July 4th, Eclipse made an official announcement on social media stating that its ES airdrop query is now available. Additionally, After School Club posted on social media that ASC holders will directly receive the ES airdrop on the day of the Eclipse TGE. There is no snapshot and no minting involved. If a user holds ASC, they will directly receive ES in their wallet.

On July 4th, based on the monitoring of on-chain data analyst Yu Jin, a whale/institution that had accumulated 1,495 WBTC through a collateralized loan (or looped borrowing) from July to November 2024 has recently begun to take profits by selling WBTC. Currently, the overall profit on WBTC is as high as $49.75 million: realizing a profit of $19.17 million from the sold portion and an unrealized gain of $30.58 million from the unsold portion. By using a collateralized loan at an average price of $69,162 in the second half of last year, the whale/institution acquired 1,495 WBTC. Then, it started to transfer WBTC to Binance in batches starting from March this year to sell and repay in USDC. So far, 723 WBTC has been sold to exchange for $69.17 million USDC and repay the loan. The selling price averaged $95,678, and it still holds 753.8 WBTC (approximately $82.6 million).