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Kidnapping Attempt in Paris Targets Family of Cryptocurrency Entrepreneur

According to ShibDaily, a kidnapping attempt in Paris has targeted the daughter and grandson of a prominent French cryptocurrency entrepreneur, highlighting the increasing violence against figures in the digital asset industry. The incident occurred in Paris's 11th district, where four masked assailants reportedly attacked a couple and their child, resulting in minor injuries. The victims were subsequently taken to a nearby hospital for treatment. Surveillance footage captured three masked individuals emerging from a van, attempting to forcibly abduct a woman and her child. The woman's partner intervened but was assaulted during the struggle. In a courageous act, the woman resisted the abduction, managing to seize one of the assailant's handguns and discard it. Her screams, along with those of the other victims, attracted the attention of passers-by, ultimately thwarting the kidnapping attempt. The suspects remain at large, although their vehicle was recovered near the scene. The Paris prosecutor's office has launched an investigation into the attempted abduction, focusing on the family's connections to the cryptocurrency sector as a potential motive. This incident follows a similar case earlier this year involving Ledger co-founder David Balland and his wife, who were reportedly kidnapped in January. In that case, the couple was forced into a vehicle and held at two different locations, with the kidnappers demanding a substantial cryptocurrency ransom and sending a severed finger, believed to belong to Balland, as a chilling warning. As investigations continue, authorities face mounting pressure to address the rising threats against individuals in the cryptocurrency sector. The increasing number of violent incidents involving crypto figures has raised security concerns, prompting calls for enhanced protective measures in both digital and physical environments. The outcome of this latest case could set a significant precedent for handling future security risks within the industry.
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South Korea's Democratic Party Forms Digital Asset Committee to Shape Cryptocurrency Policy

According to ShibDaily, South Korea's Democratic Party has launched a Digital Asset Committee to develop national cryptocurrency policies and promote growth in the digital asset sector. The committee, part of the Democratic Party's election campaign, held its inaugural meeting on May 13 at the National Assembly Members' Hall in Seoul. It aims to lead the formulation of digital asset policies by drafting campaign pledges, proposing legislation, and creating regulatory frameworks. Initial discussions have focused on the Basic Digital Asset Act, known as the 'Stage 2 Bill.' Rep. Min Byeon-deok chairs the Digital Asset Committee, highlighting its long-term goal of becoming a presidential-level body. He emphasized that aligning the committee under the president's office would enhance its expertise and ability to develop and implement effective policies. The committee is divided into two main divisions: the Industrial Innovation Growth Committee, led by Professor Kang Hyung-goo of Hanyang University, which seeks to bolster South Korea's position in the global digital economy, and the Policy and System Support Committee, led by Dr. Yoon Min-seop, tasked with creating legal and regulatory frameworks to support the country's digital asset landscape. The committee plans to include four subcommittees focusing on user protection, legal reform, industry growth, and fostering external cooperation. The meeting also addressed key digital asset issues raised during the presidential election, with stablecoins being a significant topic. Lee Jae-myung, the Democratic Party of Korea's candidate, advocated for a 'won-linked stablecoin,' while Lee Jun-seok, candidate for the New Reform Party, referenced the 'Terra-Luna incident' as a cautionary example. Chairman Min noted discussions on whether stablecoins should be subject to a licensing or reporting system, with the Bank of Korea involved in the debate over whether it or the Financial Services Commission should regulate them. As the digital asset landscape evolves, the Digital Asset Committee could significantly impact South Korea's financial system. With emerging technologies driving global change, the country's approach to regulation and innovation will be closely monitored by investors and policymakers. As discussions continue, South Korea stands at a critical juncture, poised to influence the broader digital economy.
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Bitcoin's Potential Double Top Structure Raises Concerns

According to BlockBeats, Coindesk analyst Oliver Knight has highlighted similarities in Bitcoin's current price movement with on-chain indicators from 2021, suggesting a potential 'double top' structure. Knight emphasized the importance of monitoring the weekly RSI, which has shown bearish divergence in March 2024, December 2024, and May 2025. The RSI, a technical indicator, assesses average gains and losses over a period to identify overbought or oversold conditions. Bearish divergence occurs when the RSI trend moves downward while the price trend moves upward. Additionally, the trading volume during the recent breakout is lower than when Bitcoin initially surpassed $100,000, indicating weakening momentum. Both cryptocurrency and institutional trading platforms have seen a decline in volume, with CME Bitcoin futures failing to exceed 35,000 contracts in three of the past four weeks. In contrast, during the previous $100,000 breakout, volumes frequently surpassed 65,000 contracts, with three instances exceeding 85,000. Furthermore, open interest has diverged from price trends, currently down 13% from January's initial rise to $109,000, while the price has only decreased by 5.8%. Four years ago, when Bitcoin reached $69,000, despite a 6.6% price increase, open interest fell by 15.6% from the initial peak of 65,000 contracts. Knight concluded that these indicators suggest that although Bitcoin's price may reach new highs similar to 2021, the momentum behind this movement is diminishing.
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