Exclusive: NOTCOIN Delayed Deposit Incident Causes Major Shake-up in BYBIT Management
Following the NOTCOIN delayed deposit incident, BYBIT's management underwent a major shake-up, with several executives resigning voluntarily and publicly recruiting new technical and spot responsible persons. BYBIT allowed the NOTCOIN project party to airdrop directly to user addresses instead of airdropping to a unified exchange address for distribution, resulting in users receiving tokens late and unable to sell them immediately. The affected users reached 320,000, and BYBIT claimed to have provided $23 million in compensation subsequently.

June saw large unlocks worth over $740 million. In June, large unlocks (exceeding $10 million) included 1INCH, DYDX, SUI, ENA, APT, IMX, STRK, ARB, APE, PIXEL, ID, ALT, YGG, among others, with a total unlock value exceeding $740 million.

US Reports 2.8% Annual Core PCE Price Index for April
The US reported a 2.8% annual core PCE price index for April, in line with expectations of 2.80% and unchanged from the previous value of 2.80%. The adjustment of the Fed's preferred inflation gauge in April met expectations, confirming a lack of progress in controlling price growth by early 2024. The Bureau of Economic Analysis reported on Friday that the personal consumption expenditure price index rose by 0.3% in April as expected, with increases of 0.3% and 0.3% in March and February, respectively. The overall personal consumption expenditure price index's year-on-year change rate is 2.7%. The Fed's annual inflation target is 2%.

BitDeer Announces $150 Million Private Placement from TETHER
BitDeer announced a substantial $150 million private placement from TETHER. TETHER stated that BITDEER is one of the most powerful vertically integrated operators in the Bitcoin mining industry, standing out with cutting-edge technology and a strong research and development institution, looking forward to close cooperation with BITDEER in multiple critical infrastructure areas.

UPBIT's Recent Large Number of Listings Possibly Related to South Korea's July Regulations
South Korea's largest and the world's second-largest spot exchange, UPBIT, has listed three tokens, BOUNCE, STARGATE FINANCE, and BEAM, consecutively in the last three days, which is very rare compared to the previous listing speed. Analysis suggests that this may be related to South Korea's effective 

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Exclusive: Notcoin Deposit Delay Causes Major Shakeup in Bybit Management Following the Notcoin deposit delay incident, Bybit's management has undergone a major shakeup, with several executives being 'voluntarily resigned' and new technical and spot trading heads being publicly recruited. Bybit had Notcoin airdrop directly to user addresses instead of airdropping to a unified exchange address for distribution, causing users to receive tokens late and unable to sell them immediately. The affected users reached 320,000, and Bybit claimed to have provided $23M in compensation. June Major Unlocks Worth Over $740M Major unlocks in June (unlock amounts over $10M) include 1INCH, DYDX, SUI, ENA, APT, IMX, STRK, ARB, APE, PIXEL, ID, ALT, and YGG, with a total unlock value exceeding $740M. U.S. April Core PCE Price Index Annual Rate Announced at 2.8% The U.S. announced the April core PCE price index annual rate at 2.8%, in line with expectations of 2.80% and the previous value of 2.80%. The Fed's preferred inflation gauge for April met expectations, confirming a lack of progress in controlling price growth by early 2024. The Bureau of Economic Analysis reported on Friday that the personal consumption expenditures price index rose 0.3% in April, following increases of 0.3% in March and February. The overall personal consumption expenditures price index year-over-year change rate was 2.7%. The Fed's annual inflation target is 2%. Bitdeer Announces $150M Private Funding from Tether Bitdeer announced it has secured up to $150M in private funding from Tether. Tether stated that Bitdeer is one of the most powerful vertically integrated operators in the Bitcoin mining industry, with cutting-edge technology and strong R&D capabilities that set it apart. They look forward to close collaboration with Bitdeer in several key infrastructure areas in the future. Upbit's Recent Token Listings May Be Related to South Korea's New Regulations in July Upbit, South Korea's largest and the world's second-largest spot exchange, has listed three tokens—Bounce, Stargate Finance, and BEAM—over the past three days, an unusually rapid pace compared to previous listings. Analysts suggest this may be related to the Virtual Asset Investor Protection Act, which takes effect in South Korea in July, introducing more complex listing rules and banning the listing of virtual assets with a history of hacking attacks. Japanese Crypto Exchange DMM Bitcoin Wallet Illegally Leaked $306M in Bitcoin DMM Bitcoin, a crypto asset trading company under Japan's DMM.com Group, announced that Bitcoin in its wallet was illegally leaked, with an outflow amount of 4502.9 BTC, valued at approximately $306M. The loss is under investigation, but the company has procured an equivalent amount of Bitcoin to cover the leaked amount with the support of the group company. Currently, account opening, withdrawal, and other services are also restricted.

Cryptocurrency Industry Updates: BYBIT Management Changes, Large Unlocking, US PCE Price Index, Private Placements, and Security Incidents