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Bybit Secures an ‘AA’ Rating in CCData’s Crypto Exchange Benchmark Report, the Only Exchange to Receive Top Marks in both Spot and Derivatives

DUBAI, UNITED ARAB EMIRATES – Media OutReach – 3 November 2023 – Bybit, the world’s third most visited crypto exchange, is proud to announce that it has achieved an ‘AA’ rating in the latest CCData Crypto Exchange Benchmark Report. Bybit achieved the top grades in both Spot and Derivatives trading — the only centralized exchange to receive ‘AA’ in both categories.

CCData’s comprehensive Exchange Benchmark serves as a critical tool for assessing the performance and risk management capabilities of centralized and decentralized exchanges. Bybit’s achievement comes after consistently growing its market share, reflecting the dynamic changes and heightened standards that have led to its success.

The 2023 Exchange Benchmark not only reflects the industry’s improved best practices but also highlights the advanced oversight mechanisms implemented by global regulators. Bybit’s ‘AA’ ranking underscores its adherence to these rigorous standards, showcasing the platform’s dedication to providing a secure and trustworthy trading environment for all its users.

With average scores rising from 51.0 to 52.3, the report highlights overall industry improvements and Bybit’s emphasis on excelling within these benchmarks. Amongst the various participants, Bybit has distinguished itself by joining the ranks of seven centralized exchanges awarded the highest grade of ‘AA’. This classification acknowledges Bybit as a top-tier exchange, surpassing CCData’s threshold for acceptable risk.

The ‘AA’ rating is backed by thousands of research hours and leverages CCData’s leading data solutions. This comprehensive research ensures that Bybit’s esteemed clients and partners can engage with a platform that is not only top-tier by classification but also top-choice by performance.

“We are honored to receive an ‘AA’ rating in CCData’s authoritative Exchange Benchmark,” said Ben Zhou, co-founder and CEO. “This is a significant accolade that reinforces our commitment to maintaining the highest standards of security and regulatory compliance.”

Hashtag: #Bybit #TheCryptoArk

The issuer is solely responsible for the content of this announcement.

About Bybit

Bybit is a top-five cryptocurrency exchange established in 2018 that offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

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Southeast Asia Takes Flight with New Airline Routes

Ural Airlines announces the resumption of flights from the port city of Vladivostok to Vientiane Capital on 29 October 2023. Laos and Russia also discussed the possibility of launching a direct flight route between Vientiane and Moscow on 2 October 2023.

In a significant stride towards regional connectivity, Southeast Asia is gearing up to welcome a wave of new flight routes and increased services from major airlines. This development signals a positive step for the region’s recovery in the post-pandemic era.

VietJet, a prominent low-cost airline based in Vietnam, is set to enhance its presence in East and Southeast Asia with the announcement of three new flights to China, Cambodia, and Indonesia, commencing in December. The three new routes will connect Hanoi to Siem Reap in Cambodia and Jakarta in Indonesia, while Ho Chi Minh City will be linked to Shanghai in China.

This expansion follows VietJet’s recent introduction of various flights within its Asia and Australia network, contributing to bridging the gap between the country’s current capacity.

Qatar Airways is also making a triumphant return to the skies above Southeast Asia, resuming daily services from Doha to Phnom Penh, Cambodia, with flights via Ho Chi Minh City, Vietnam. The resumption, effective October 29, reflects the airline’s confidence in the region’s recovery.

In the meantime, Thai Airways is gearing up to meet the rising demand for air travel in the region, unveiling plans to increase its flight services.

In addition to established airlines, Thai entrepreneurs are investing over THB 3.85 billion to launch five new airlines, targeting a share of Thailand’s growing aviation market. These include Really Cool Airlines, P80 Air, Pattaya Airways, Siam Seaplane, and Landarch Airlines

These new airlines have recently been granted Air Operating Licences (AOL) by the Civil Aviation Authority of Thailand (CAAT) and are awaiting approval for their Air Operator Certificates (AOC). The initiatives include unique features such as door-to-door luggage delivery, a focus on secondary cities in China, cargo delivery services, high-end customer targeting, and short chartered flights between major cities in the southern provinces.

Boost for Tourism and Economic Ties

The expansion of flight routes and services across Southeast Asia not only boosts tourism but also strengthens economic ties between nations. As the region continues to navigate the challenges posed by the global pandemic and high inflation, these developments mark a promising step towards revitalizing the aviation sector and fostering regional cooperation.

But many keep wondering why Laos remains in the shadow. Only Russian Ural Airlines recently announced the resumption of flights from Vladivostok to Vientiane Capital for its winter schedule, starting on 29 October. VietJet is yet to release an official announcement about plans to launch direct flights between Laos and Vietnam.

Nevertheless, with these exciting developments on the horizon, Southeast Asia is poised to reclaim its status as a thriving hub for international travel.

Laos, Singapore Seek to Enhance Security Cooperation on Narcotics, Transnational Crime

General Vilay Lakhamphong and Singaporean Ambassador to Laos, Sudesh Maniar (Photo: Singaporean Ambassy)

In an attempt to combat narcotics trafficking and transnational crime in Laos, Lao Deputy Prime Minister and Minister of Public Security, General Vilay Lakhamphong, met with Singaporean Ambassador to Laos, Sudesh Maniar, on 2 November to discuss ways to enhance bilateral security cooperation.

Lao Diplomat Invited to Japan on Official Visit

Deputy Prime Minister Saleumxay Kommasith and Japanese Foreign Minister Yoko Kamikawa (Phto: Japanese Embassy)

The Deputy Prime Minister and Minister of Foreign Affairs of Laos, Saleumxay Kommasith, will pay an official visit to Japan from 7 to 11 November, at the invitation of the Japanese Foreign Minister, Kamikawa Yoko.

Redress Demonstrates Critical Need to Upskill Asia’s Fashion Industry from Drawing Board to Boardroom

New industry report identifies circular design knowledge gap, financial barriers, and lack of top management leadership to transition from linear to circular models

HONG KONG SAR – Media OutReach – 3 November 2023 – Redress, the Hong Kong-headquartered, Asia-focused environmental NGO accelerating the change to a circular fashion industry by educating designers and consumers, releases their industry report on the role, influence, and opportunities for circular fashion designers. Supported by the VF Foundation, the report focuses on the fashion design stage in China and Southeast Asia, which produces approximately 60% of global exports of garments, textiles, and footwear[1].

Redress Industry Report - website visual.jpg

Fashion’s environmental challenges, mostly brought on by its current linear system, are well known. Approximately 100 billion apparel items are produced per year, representing a 50% increase since 2006. The majority of clothing is landfilled or burned within one year of production.[2] As one of the world’s most polluting industries, fashion currently contributes up to 10% of global CO2[3] and on its current trajectory is projected to use 25% of the world’s carbon budget by 2050.[4]

Much work is needed to transition to a circular fashion system, including transforming the fashion design stage, where it is estimated that 80% of a product’s environmental impact is determined.[5]

RESULTS SHOW GAPS – KNOWLEDGE AND INVESTMENT URGENTLY NEEDED

The industry report highlights a circular design knowledge gap, with 79% of survey respondents saying they “agree, either somewhat or strongly, that implementing circular design poses challenges”; financial barriers for circular design, with 71% of all respondents saying that “cost is a resistance factor when choosing materials to reduce environmental impacts”; and that lack of commitment and collaboration from top management is hampering progress at the design stage.

“The results of our report show that Asia’s fashion industry is not equipped to deliver the supply chain of the future,” said Christina Dean, Founder, Redress. “Legislation is changing, with the European Union continuing to tighten regulations targeting fashion’s environmental and social impact. This will have implications throughout the supply chain, especially in Asia, where 70% of the EU’s textiles are made.[6] Urgent investment in fashion circularity is needed, from recycling to new materials, along with an urgent reallocation of resources, upskilling, and reskilling.”

Redress’ quantitative survey was answered by 195 global fashion professionals working within the design stage. Forty qualitative interviews were also conducted with fashion professionals working within companies producing apparel for the European, Chinese, and Southeast Asian markets, along with five educators specialising in design and sustainability.

Based on the findings, Redress urges the APAC region’s fashion industry to better support the implementation of circularity at the design stage by closing the knowledge gap through education and capacity building; re-addressing financial barriers with a long-term mindset; and creating a more collaborative working structure with support from top management.

“At The VF Foundation, we know driving a more circular system, from product creation to consumer engagement, is critical for the fashion industry to achieve a more sustainable future,” says Gloria Schoch, Executive Director, The VF Foundation and Senior Director, VF Corporation. “This report reinforces the importance of educating designers and finding opportunities to instil these values into the next generation of designers to make meaningful progress at scale.”

REDRESS: PROVIDING SOLUTIONS TO CLOSE THE KNOWLEDGE GAP

A key pillar of Redress’ work is educating designers on circular and sustainable design theories and techniques. These educational efforts are supported by partnerships, with industry leaders and over 170 universities to deliver sustainable fashion curricula to the next generation of designers.

The knowledge shared by Redress is in high demand, with the Redress Academy, a free online resource on circular fashion topics, seeing over 68,000 hits this year. Highlights from recent workshops partaken by Finalists of the Redress Design Award 2023, the world’s largest sustainable fashion design competition, have recently been shared as educational circular case studies. These include:

“Circular design might be considered challenging. But having a top-down leadership or management direction, like we do at TAL, is key. Without the C-suite understanding the financial imperatives of steering their supply chains, innovation at the design stage will become a stalemate,” shared Rod Henderson, President, TAL Apparel.

  • The Customer Experience Challenge with sustainable luxury retail packaging experts Delta Global: where participants were asked to construct a conceptual packaging solution with consideration for longevity of the product and consumer engagement.

“Investment in R&D and circularity innovations must be the first priority of all companies as their collective focus for future-proofing their business,” said Robert Lockyer, Founder, Delta Global. “Delta Global will continue to invest time, mentorship, and knowledge-sharing with best practices to help guide and educate emerging designers. Ultimately we know investing in knowledge makes good business sense and creates a platform for good for the future.”

COLLABORATING TO PUSH SUSTAINABLE FASHION IN CHINA

With China being one of the world’s largest clothing exporters[7], Redress’ collaborations in China also mark important milestones in sustainable development for the fashion industry.

Redress presented results from its industry report at a panel discussion at Fashion Summit Hong Kong, Asia’s sustainable fashion event, as well as at Shanghai Fashion Week.

Demonstrating that collaboration between supportive organisations and knowledgeable designers is key to successful implementation of circular practices, Redress also recently signed a memorandum of understanding with the Shenzhen Garment Industry Association, organisers of Shenzhen Fashion Week.

Editor’s Notes

  • Register to receive Redress’ industry report on the role of circular designers here.
  • Further supporting statistics are here.


[1] International Labour Organization (2022), Greening the Sector
[2] UBS – $2.5trn industry at risk – What if consumers stop buying disposable clothes
[3] UNFCCC (2018), UN Helps Fashion Industry Shift to Low Carbon
[4] World Bank (2019)
[5] EU Science Hub (2018): Sustainable Product Policy
[6] UBS Insights (2023), Perspectives: Fashion industry change
[7] FASH455 Global Apparel & Textile Trade and Sourcing (2015)

Hashtag: #Redress

The issuer is solely responsible for the content of this announcement.

About Redress (www.redress.com.hk)

Redress () is a Hong Kong-headquartered, Asia-focused environmental NGO with a mission to accelerate the change to a circular fashion industry by educating and empowering designers and consumers so as to reduce clothing’s negative environmental impacts.

The Redress Design Award () is the world’s largest sustainable fashion design competition that educates and empowers emerging fashion designers about circular design techniques to reduce fashion’s negative environmental impacts. Organised by Hong Kong-headquartered, Asia-focused environmental NGO Redress annually since 2011, the competition now has over 150 global fashion university partners and attracts designer applicants from over 50 countries and regions to win prizes that connect them with global-leading fashion businesses to accelerate the change to a circular fashion industry.

Japan’s Nuclear Plant Starts 3rd Release of Treated Radioactive Wastewater Into Sea

Aerial view of Fukushima nuclear plant. (Photo/Kyodo News via AP/File)

TOKYO (AP) — The tsunami-damaged Fukushima Daiichi nuclear power plant began its third release of treated and diluted radioactive wastewater into the sea Thursday after Japanese officials said the two earlier releases ended smoothly.

Singapore’s First Legacy Planning Game Championship to Launch in November

SINGAPORE – Media OutReach – 3 November 2023 – Immortalize, Singapore’s most comprehensive elderhood marketplace and information provider, is pleased to announce the start of a nationwide competition for Will of Fortune by Immortalize (“WOFI”), an immersive strategy card game that aims to break down the taboo surrounding legacy planning. The competitions are organized in conjunction with supporters like Metis Global (Singapore) Pte. Limited., and Huttons Asia Pte Ltd.

WOFI was launched earlier in June this year and uses fun, engaging and repeatedly playable content to help people learn about the tools and professionals involved in planning for one’s legacy. To further encourage conversations on this critical but often neglected topic, Immortalize will be holding WOFI Championship tryouts and competitions across the island nation to spur discussions on the importance of legacy planning.

The WOFI Championship is divided into three sub-categories:

  1. General Championship – Open to Singaporeans and foreigners of all ages;
  2. Finance Professionals League – Open to all financial advisors, wealth managers, traders, investment bankers and other professionals in the finance industry; and
  3. Tertiary Education League – Open to all University, Polytechnic and other students undergoing tertiary education.

Winners of the sub-categories will proceed to compete in the WOFI Championship Grand Final where they will vie for the Legacy Grandmaster title. Over SG$10,000 worth of cash, prizes and/or gifts await winners and participants of the WOFI Championships and tryouts.

Metis Global (Singapore) Pte. Limited., a licensed trust company in Singapore, and Huttons Asia Pte Ltd, Singapore’s largest private real estate agency, are the main supporters of the WOFI Championship. Bequest Private Limited, an estate planning firm, is a supporter of the WOFI Championship – Tertiary Education League.

Interested parties can try out the WOFI game at every Immortalize Elderhood Planning Fair, starting from November 10, 2023.

To learn more about WOFI, please visit www.immortalize.io/will-of-fortune.

For more information on WOFI Championships, prizes, and to register, please visit www.immortalize.io/wofi-championships.

For details on Immortalize Elderhood Planning Fair dates and locations, please visit www.immortalize.io/elderhood-planning-fair

The following supporters of WOFI Championships are available for media interviews. Please send requests to hiddi@immortalize.io.

WOFI CHAMPIONSHIP – KEY SUPPORTERS

About Metis Global (Singapore) Pte. Limited (“Metis SG”)
A subsidiary of the Metis Global Group and operating under the Trust Business License issued by the Monetary Authority of Singapore and audited by Ernest & Young. Dr. German Cheung (Founder of Metis Global Group) strongly believes that trusts can be simple and should not be exclusive only to the high-net-worth individuals. This motivated him to venture into the business of providing retail trust solutions since 2013. He has set a vision for the group – “A Trusted Partner in Creating Financial Legacies”.

Metis SG offers simple, accessible, and affordable trust solutions with the aim of enabling more people to have access to the benefits of trust while addressing their financial needs.

Comments from Alex NG, Deputy CEO, Metis SG
“A trust embodies an enduring expression of affection and duty to your loved ones, serving as evidence of your commitment to safeguard and provide for them in your absence. It encapsulates the fundamental essence of estate and legacy planning,” Alex said. “Regrettably, there is limited knowledge and awareness on this subject amongst the general public and I think it is a superb idea to enhance our understanding, whilst at the same time fostering openness and togetherness among friends and family members, by engaging in enjoyable and entertaining educational games like WOFI.”

About Huttons Asia Pte Ltd
Established since 2002, Huttons Group(合登集团)is Singapore’s Largest Private Real Estate Agency and has won numerous awards for innovative technologies and industry first initiatives over the years. In association with Savills, Huttons has more than 5,400 professionals marketing hundreds of local and international projects over 8 countries.

As The Preferred Agency of Choice, Huttons strives to provide the highest level of service to clients through vast knowledge across different market segments, and with empathy. Growing from strength to strength, Huttons is also expanding rapidly and extending their reach abroad, making it a seamless experience for clients to buy and sell properties globally.

Comments from Mark YIP, CEO, Huttons Asia Pte Ltd
“Huttons is proud to be the first and exclusive real estate agency to support this Legacy Planning Card Game initiative and empower the wider public to learn while planning for their own legacy in real life. As a strong advocate of real estate literacy and asset progression, we believe in the importance of associates assisting clients with their entire property portfolios in addition to planning for retirement and beyond,” according to Mark.

“Huttons also conducts regular consumer educational seminars to raise awareness about market sentiments and trends through data analytics. Internally, we will continue to invest in raising the knowledge and skills of our associates so that they can provide prompt and professional assistance at every touchpoint and go the extra mile to deliver a high level of client satisfaction for their next dream home or investment property,” Mark added.

WOFI Championship – Tertiary Education League Supporter

Bequest Private Limited
Founded in 2013, Bequest is recognized as the premier one-stop estate solutions provider in Singapore, offering a full suite of services and solutions for preparing one’s last stage of life to ensure a smooth transition for family members and loved ones.

Hashtag: #Immortalize #WOFIChampionship #WillofFortunebyImmortalize #WOFI #cardgame #Elderhood #legacyplanning #estateplanning #elderhoodplanning



The issuer is solely responsible for the content of this announcement.

About Immortalize

Immortalize is an elderhood marketplace and information provider. Immortalize educates people on what they need to know about legacy, retirement, and eldercare planning, helps them find the right solution providers, and assists them in getting these important matters sorted easily. Immortalize makes ageing easy.”

Bybit Institutional Enhances Trading Experience with Increased Margin Leverage and Transition to USDC Pricing

DUBAI, UNITED ARAB EMIRATES – Media OutReach – 2 November 2023 – Bybit, the world’s third most visited crypto exchange, is thrilled to announce a series of key product updates that will significantly enhance the trading experience for its valued institutional clients, including enhanced margin leverage for OTC loans, and the transition to USDC Index for pricing from the USD Index.

Enhanced Margin Leverage for OTC Loans

Effective immediately, Institutional Loan users can now enjoy an elevated spot margin leverage of up to 5x, an increase from the previous 3x. This adjustment extends to the maximum leverage allowed for margin trading and LOOMUSDT/TRBUSDT Perpetual, providing a broader spectrum of flexibility and potential within trading strategies.

Transition to USDC Pricing

Bybit Institutional has officially transitioned from the USD Index to the USDC Index for pricing in USDC Contracts and Options. This strategic change ensures that index prices, mark prices, and order book quotations for USDC Perpetual Contracts, USDC Futures Contracts, and USDC Options will now be exclusively quoted in USDC. By adopting USDC pricing, Bybit Institutional aims to enhance clarity and consistency in the trading experience for institutional members.

Eugene Cheung, Vice President and Head of Bybit Institutional, said “We are excited to introduce product updates that increase INS Loan margin leverage and transition to USDC pricing. This empowers institutional users with greater flexibility and a more streamlined trading experience. These updates demonstrate our dedication to meeting evolving customer needs and providing advanced trading solutions.”

Hashtag: #Bybit #TheCryptoArk

The issuer is solely responsible for the content of this announcement.

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team, esports teams Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports.

For media inquiries, please contact: For more information please visit: For updates, please follow: