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Cyvers Alerts Reports $39 million move on Phemex Exchange as possible first hack of 2025

Web 3 security firm Cyvers Alerts reported a suspicious move of $39 million on the Phemex crypto exchange by suspicious wallet addresses.  The development could easily become the first major hack of 2025 if confirmed to be a breach of the exchange’s security architecture.  Cyvers Alerts shared the information on X alerting the crypto community…

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Ethereumss

Ethereum ETFs Continue Poor Performance, Pulls in Only $70 Million 

Ethereum ETFs continued their poor performance yesterday pulling in only $70 million and recording only three transactions.  Ethereum ETFs have witnessed a streak of low investor activity following issues surrounding the Ethereum Ecosystem.  Co-founder Vitalik Buterin revealed plans to revamp the Ethereum inner caucus citing laxity and inefficiency on the part of the team.  The…

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