Ethereum Tests Key Support as Rally Setup Builds

The post Hyperliquid’s HYPE rally is bigger than a new all-time high appeared on BitcoinEthereumNews.com. The Hyperliquid HYPE rally reached a new HYPE all-time high of $68.64 on May 30, extending a month that has already delivered roughly 50% in gains and over $1.4 billion in single-day trading volume. The HYPE price move came the day after the CFTC approved KalshiEX’s BTCPERP contract, the first Bitcoin perpetual futures product cleared for listing on a US-regulated exchange, and one day after ICE CEO Jeffrey Sprecher said that Hyperliquid is “bigger than Nasdaq” and that his team has met the founders multiple times. Two US-listed spot HYPE ETFs, Bitwise’s BHYP and 21Shares’ THYP, had already crossed $136 million in cumulative net inflows within 13 trading sessions by May 29. Traders are reevaluating Hyperliquid’s position in a market where the product category it built at scale just received US regulatory recognition, where a regulated ETF wrapper gives institutional allocators dire

The post Ethereum Price Prediction: $2,050 Holds ETH Focus appeared on BitcoinEthereumNews.com. Ethereum is trading near $2,030 while high leverage short positions cluster around $2,050 on CW’s liquidation heatmap. At the same time, CoinForge says ETH is forming an inverse head and shoulders pattern, with confirmation still depending on a clear breakout. Ethereum Price Near $2,030 as ETH Shorts Cluster Around $2,050 Ethereum traded near the $2,030 area on the CoinAnk liquidation heatmap shared by CW on X, while high leverage short positions concentrated around $2,050. The chart shows ETH falling from the $2,120 to $2,150 area before dropping below $2,000 on May 28. Price later recovered and moved sideways near the $2,000 to $2,040 range. Ethereum Short Liquidation Heatmap. Source: CW on X The brightest heatmap band sits around $2,050. That level marks a major short liquidation zone if ETH moves higher. CW said these short positions are at risk of liquidation. As a result, the $2,050 ar

The post Gravity Bridge Hit by $5.4M Exploit as Bitcoin ETFs Bleed $2.97B Amid Peak Sentiment appeared on BitcoinEthereumNews.com. Crypto News Gravity Bridge, a cross-chain protocol moving assets between Ethereum and the Cosmos ecosystem, was drained of roughly $5.4 million in a fresh exploit that has forced validators to suspend operations. On-chain analysts spotted suspicious outflows late Saturday, with early forensic work pointing to a likely compromise of the bridge’s contract key. The team behind the protocol confirmed the incident on social media and instructed validators to halt their orchestrators while the breach is being investigated. The episode renews unease over cross-chain infrastructure security, an area that institutional researchers have repeatedly flagged as one of the weakest links in decentralized finance. Forensic firms tracking the breach broke down the stolen haul into roughly $4.3 million in USDC, 274 wrapped ETH worth about $553,000, $434,000 in Tether, and 14

The post Gravity Bridge Hit by $5.4M Cross-Chain Security Breach appeared on BitcoinEthereumNews.com. Gravity Bridge suffered a $5.4M loss after suspected key breach, security firms reported. Attackers quickly moved funds via exchanges, yet over $4M in ETH remains in their wallet. Cross-chain bridge hacks persist, adding to $328.6M losses across eight incidents in 2026. Gravity Bridge has lost about $5.4 million after a suspected compromise of a signing key, according to security firm PeckShieldAlert. The attack hit the cross-chain bridge that connects Ethereum and the Cosmos ecosystem, allowing the attacker to drain several digital assets and quickly move part of the funds. In a post on X, PeckShieldAlert said the stolen assets included $4.3 million in USDC, 274 ETH worth about $553,000, $434,000 in USDT, and roughly $64,000 in PAYG tokens. The attacker routed some of the funds through ChangeNow and Binance shortly after the theft. However, on-chain data shows the wallet still holds m

The post Mounting Uncertainty as Cardano Teeters on a Knife-Edge appeared on BitcoinEthereumNews.com. Cardano (ADA) is grappling with volatile market conditions that have resulted in considerable price fluctuations. After weeks of trading beneath a key support level, a fresh surge of anxiety emerges as the monthly close draws near, positioning the cryptocurrency at a critical juncture. Continue Reading:Mounting Uncertainty as Cardano Teeters on a Knife-Edge Source: https://en.bitcoinhaber.net/mounting-uncertainty-as-cardano-teeters-on-a-knife-edge

The post Standard Chartered Keeps $40,000 ETH Target Despite 57% Price Decline appeared on BitcoinEthereumNews.com. Key Takeaways Standard Chartered kept its $40,000 ETH target despite a 57% price decline. Ethereum’s network metrics remain near record levels, according to the bank. Stablecoins and tokenized assets are central to the bullish outlook. Why Standard Chartered Still Sees Ethereum Reaching $40,000 Ethereum’s underlying network indicators continue strengthening even as ETH remains far below recent highs, according to a May 28 research note from Standard Chartered’s Global Research team. Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered Bank, wrote that transaction numbers and total value locked, measured in ETH terms, remain near record levels. ETH has still fallen roughly 57% from its August 2025 peak, while ETH- BTC is down 37%. Standard Chartered argues the market is focusing on ETH’s price decline while overlooking stronger transaction and value

The post ZachXBT Says $12.6 Million In Zama CUSDC May Have Been Frozen After Circle Blacklisting appeared on BitcoinEthereumNews.com. A new controversy is making the rounds in crypto after blockchain investigator ZachXBT said Circle may have blacklisted a contract tied to Zama’s confidential USDC, or cUSDC, on Ethereum, freezing around $12.6 million in user funds. According to ZachXBT, the blacklist action happened roughly seven hours before he shared the update, and it appears to have locked the contract address used for Zama’s privacy-focused stablecoin setup. If accurate, that would mean users suddenly lost access to a very large amount of funds without much warning, which is exactly the kind of thing that tends to set off alarms in the crypto world. What makes the situation even messier is the fact that the address allegedly froze after recently taking part in an Overnight Finance governance vote about treasury allocation. That detail matters because it suggests the contract wasn’t

The post Banking Apps Issue Stablecoins—But Can Users Use Them? appeared on BitcoinEthereumNews.com. Retail customers are finally seeing stablecoins appear inside their everyday banking and payments apps. That’s a milestone—but it’s only the first step. Turning a launch into durable, habit-forming utility is the harder, more important challenge. On May 27, 2026, Block’s Cash App began a phased rollout of USDC to roughly a quarter of its nearly 60 million users, supporting Solana, Ethereum, Polygon, and Arbitrum, with daily and weekly send/receive caps; the company said it aimed to reach all users by week’s end CoinDesk. Cash App’s press release also noted 59 million monthly customers, auto-conversion of received USDC to U.S. dollars in-app, and cited adjusted stablecoin transaction volume of $13.28 trillion over the last 12 months Cash App (press release). The same day, SoFi announced SoFiUSD, a 1:1 USD-redeemable stablecoin issued by SoFi Bank, N.A., embedded directly in its consumer