News linked to both this project and an event.
According to Cryptoast, suspect F.A., alleged to have been involved in multiple kidnapping and violent assault cases targeting cryptocurrency holders, was fatally shot inside a vehicle at a parking lot in Nîmes, France, on October 11. The 47-year-old suspect had a record of 14 prior convictions, spanning drug offenses, violent assaults, and unlawful detention. He was previously indicted in 2024 on suspicion of theft, kidnapping, organized crime affiliation, and torture after a Dubai resident was lured to Paris and robbed of €130,000 and luxury watches. He had previously been released from custody due to procedural irregularities. Local prosecutors are currently investigating the shooting as a suspected gangland hit, with those responsible still at large.
Odaily News Crypto analyst Murphy stated on X that on-chain data reveals a rare large-scale movement of coins by Bitcoin long-term holders (LTH) recently. Over the past two days, more than 65,000 BTC have moved on-chain each day (excluding internal transfers within the same entity), leading to a notable decline in LTH net positions.Data shows that LTH net positions had begun to deviate from their previous continuous growth trend since May this year, entering a plateau in July, with the recent large-scale transfers being relatively uncommon over the past year. Among these, approximately 14,000 BTC flowed into exchanges. Some of the funds include a transaction where a company under Trump's umbrella transferred 2,628 BTC to Crypto.com.Currently, aside from the portion flowing into exchanges, the destination and purpose of the remaining coins reduced by long-term holders remain unclear. Murphy stated that potential risks currently affecting the BTC market include: 1) Shifts in Fed monetary policy and rising rate hike expectations; 2) Inflationary pressure from Middle East tensions and oil price changes; 3) Valuation concentration in the AI sector and financing risks behind high capital expenditures; 4) Re-crowding of yen carry trade positions.