According to Farside Investors, $GBTC has been experiencing a continuous loss of assets since its conversion to an ETF, with a 64.4% client departure rate. This downtrend remains linear and unaffected by the recent market downturn, indicating a significant shift in investor sentiment towards the product.

According to Lookonchain, Phemex was hacked, leading to a loss of approximately $31 million in assets. The stolen cryptocurrencies include 3.48 million USDC, 3.42 million USDT, 841 ETH valued at $2.7 million, 110,701 LINK valued at $2.69 million, 142 billion PEPE valued at $2.12 million, 1.19 million FET valued at $1.45 million, and 29,509 AVAX valued at $1.04 million. This breach may impact the trading volumes and prices of these assets as investors react to the security incident.