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The Mayor of Cannes, David Lisnard, announced on his LinkedIn account that he is promoting the integration of cryptocurrency payment systems for businesses in the city and will host the 8th Ethereum Community Conference (EthCC) from June 30 to July 3, 2025. On February 4, the city government will provide local merchants with training in crypto payment technology, law, accounting and taxation at the Palais des Festivals de Cannes. They also plan to release a "crypto-friendly" merchant map. As a three-time World Tourism Festival city, this EthCC event in Cannes is expected to attract more than 6,500 registered participants with a total participation of up to 10,000 people including parallel activities. This move by Lisnard is considered as positioning for France's presidential election in 2027.

According to on-chain analyst @ai_9684xtpa, another SWARMS whale has left the market - an early whale that built a position at an average price of $0.0676 today cleared its last 7.42 million tokens (about $1.28 million), making a total profit of $860,000. He spent $2.18 million building his SWARMS position within nearly a month when the initial market value was just over $67 million; buying as it rose and breaking through a market cap of six hundred million without reducing his holdings until the coin price began to fall in recent weeks, frequently selling off with final average sell-off price being $0.1379.