According to on-chain monitoring data, 299.999726 PAXG were transferred out of the Gate hot wallet, corresponding to a value of approximately $1.4092 million. The current price of PAXG is approximately $4690.54, with a total market capitalization of approximately $2.26 billion.

Odaily Planet Daily reports that the French National Prosecutor's Office for Organized Crime (PNACO) announced on Friday that France has launched judicial investigations into 12 cases of cryptocurrency kidnapping orchestrated by organized crime groups, and has charged 88 suspects, including more than 10 minors. According to statistics, since 2023, France has recorded 135 cryptocurrency-related attacks, including 18 in 2024, 67 in 2025, and 47 so far in 2026. Those charged face charges including kidnapping, unlawful detention, extortion, and money laundering. Recently, police arrested six suspects in two kidnapping operations; all are currently in preventative custody. Jonathan Riss, a blockchain intelligence analyst at CertiK, stated that the masterminds of such criminal groups are typically located outside the EU.

Odaily Planet Daily reports that Curve founder Michael Egorov has proposed recovering bad debts in lending protocols by converting damaged positions into tradable investment products. The proposal is being piloted on Curve's own CRV-long LlamaLend market, which generated approximately $700,000 in bad debts in October 2025. Michael Egorov has established a Curve Stableswap pool with approximately 71% solvency, allowing trading of damaged vault tokens. Traders can buy at a discount, liquidity providers can earn fees, and the DAO can accumulate damaged tokens through management fees. Currently, community feedback on this proposal is mixed, with some users questioning whether the lack of immediate returns on damaged positions will attract buyers.

Huoxun Finance reports that the Virtual Asset Regulatory Authority of Pakistan (PVARA) has issued an official announcement clarifying that all virtual asset services fall under its regulatory scope, and relevant entities must obtain prior authorization before conducting business or publicly announcing business. PVARA welcomes responsible innovation and encourages relevant market participants to communicate and connect as early as possible. Entities can conduct innovative business through compliant pathways such as regulatory sandboxes, no-action remedies, and letters of no objection (NOC).

According to Odaily Planet Daily, ship tracking data shows that approximately seven vessels, mainly bulk carriers and cargo ships, passed through the Strait of Hormuz in the past 24 hours. (Jinshi)