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After an unprecedented 80-week streak of inflows, XRP faced a sharp reversal with outflows totaling $37.2 million – the highest on record. This drop came despite a strong performance from broader digital asset investment products, which attracted $3.3 billion in inflows last week. According to CoinShares, the inflows brought the six-week inflow streak to a cumulative $10.5 billion. Year-to-date inflows have now hit a record-breaking $10.8 billion, while total assets under management briefly reached an all-time high of $187.5 billion. Analysts attribute this momentum to rising economic uncertainty in the US, especially following Moody’s credit downgrade and surging treasury yields, which are pushing investors toward digital asset diversification. The latest edition of ‘Digital Asset Fund Flows Weekly Report revealed Bitcoin dominated digital asset inflows last week with $2.9 billion, and accounted for a quarter of total inflows in 2024. Interestingly, some investors viewed its price rally as a chance to short, which resulted in $12.7 million flowing into short-Bitcoin products – the highest since December 2024. Ethereum followed with $326 million in inflows, which represented its strongest in 15 weeks and the fifth straight week of positive sentiment. Meanwhile, Solana and Sui also saw inflows of $4.3 million and $2.9 million, respectively. Chainlink and Cardano performed modestly as well, clocking in inflows of $0.9 million and $0.6 million, during the same period. Alongside XRP, multi-asset products bucked the positive trend as witnessing $1.9 million in outflows. Regionally, the US continued to lead digital asset inflows with $3.2 billion last week, far ahead of other regions. Germany, Hong Kong, and Australia followed with $41.5 million, $33.3 million, and $10.9 million, respectively. Canada saw modest inflows of just $0.1 million during the past week. On the other hand, Swiss investors took profits amid rising prices, which led to $16.6 million in outflows. Sweden also experienced $12.1 million in outflows, while Brazil recorded $1.9 million exiting the market over the same period.

This summer, as thousands of crypto enthusiasts flock to the French Riviera for the Ethereum Community Conference (EthCC), authorities and organizers are gearing up for much more than just tech talks and networking receptions. The major event , slated for June 30 to July 3 in Cannes and featuring high-profile figures like Ethereum co-founder Vitalik Buterin, will see security ramped up to levels usually reserved for the city’s prestigious film festival. This unprecedented decision follows a deeply troubling recent wave of violent attacks that have shaken the French crypto community to its core, raising grave concerns about safety and protection for high-profile attendees. Related: South Korea Targets Crypto Money Laundering with New Customer Verification Measures In recent months, at least six attacks on crypto founders or their relatives have rattled the French blockchain community. Victims were abducted, and in some cases, brutally mutilated. These assaults, reported by security expert Jameson Lopp , include the kidnapping of David Balland, co-founder of Ledger, and his wife. Criminals severed one of Balland’s fingers during a 36-hour ordeal before police intervened. A similar fate met the father of a crypto millionaire in Paris just weeks later. These cases highlight a chilling pattern: organized crime groups are now targeting crypto wealth in sophisticated, premeditated operations. France, increasingly seen as Europe’s crypto hub due to favorable regulations, has also become a magnet for such criminal networks. The intersection of soaring asset values, regulatory growth, and increased media visibility has created a perfect storm. Jerome de Tychey, co-founder of EthCC and CEO of Cometh, acknowledges the risks but remains confident in the safety plans. Cannes already boasts over 500 CCTV cameras and a large police presence. For the conference, additional officers from the surrounding region will reinforce surveillance and on-site protection. Related: How MetaMask’s Delegation Toolkit Could Transform the Way We Use Blockchain To further deter threats, French authorities recently rolled out emergency hotlines and home security inspections for at-risk crypto figures. Interior Minister Bruno Retailleu launched a national task force in March, aiming to combat organized crime’s infiltration into the financial sector. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

According to Binance's latest report, despite a recent rise in crypto-related kidnappings in France, the U.S. remains the global leader in such cases since 2019. Europe has seen the most incidents overall, with 59 cases in the past six years, followed by 48 in North America. Asia

RT @crimsonquarry: this counts as banner six I fear

Some top tier VCs will get crypto startups to hire fancy LinkedIn posting managers and then complain when the headount and payroll blows up six months later 🤷🏽‍♂️