In today's crypto news, Phemex, a cryptocurrency exchange, has temporarily halted withdrawals after a reported $29 million in suspicious outflows from its hot wallets. Blockchain security firm Cyvers flagged over 125 suspicious transactions across multiple blockchains, indicating that some assets were swapped to evade freezing measures. Phemex stated that the suspension is necessary for a thorough security inspection of its wallet services. Meanwhile, US House Democrats, led by Representative Gerald Connolly, have called for an ethics investigation into President Trump's cryptocurrency ventures due to concerns about potential national security risks and conflicts of interest, particularly with investments from Tron founder Justin Sun. Additionally, the Chicago Mercantile Exchange (CME) briefly listed futures contracts for XRP and Solana, possibly launching as early as February 10, pending regulatory review. These futures contracts would be available in both standard and micro sizes, settling in US dollars.

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