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 Cosmos-Based Gravity Bridge Halts After Reported $5.4M Exploit appeared on BitcoinEthereumNews.com.
Gravity Bridge, a decentralized blockchain facilitating cross-chain transfers between Ethereum and Cosmos, was reportedly drained of roughly $5.4 million, prompting validators to halt the bridge. Onchain analyst Specter first flagged the unusual outflows in a Saturday post on X, revealing that the bridge contract key may have been compromised. “It appears the Gravity Bridge contract key may have been compromised, resulting in the theft of $5.4M,” Specter wrote. Security firm PeckShield also confirmed the exploit in a post, breaking down the stolen assets as approximately $4.3 million in USDC (USDC), 274 Wrapped Ether (WETH) worth roughly $553,000, $434,000 in USDt (USDT) and 14.164 PAX Gold (PAXG) tokens worth about $64,000. Source: PeckShield PeckShield reported that a portion of the haul had already been laundered through instant-swap service ChangeNow and through Binance, whi
The post First Time in History? Ethereum (ETH) Nears Third Straight Red Quarter appeared on BitcoinEthereumNews.com.
During one of the most difficult times in the asset’s history, Ethereum is getting close to a milestone that few investors anticipated. For the first time since it started trading, ETH may experience three consecutive monthly losses if current market conditions hold true through June. According to historical data, Ethereum has never closed in negative territory for three consecutive months. Even though the asset has gone through severe bear markets, such as the 2018 collapse and the 2022 crypto winter, it has always been able to break losing streaks with at least one positive monthly close before falling for a third time in a row. XLM Shoots Up 60%, XRP Left in Dust Bitcoin (BTC), Zcash (ZEC), Ethereum (ETH) and XRP Price Analysis for May 30: Bearish Pressure Emerges Starting from a decline Ethereum’s first quarter of 2024 has already ended with a 29.1 percent decline.
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
Gravity Bridge was drained of roughly $5.4 million in a suspected signing key compromise, prompting validators to halt the bridge while an investigation is underway.
The post Ethereum Tests Key Support as Rally Setup Builds appeared on BitcoinEthereumNews.com.
Ethereum tests key support near $2,023 as traders watch $2,725 resistance and signs of a potential rally ahead. Ethereum is testing a key ascending support area as traders watch for a possible bottom formation. The ETH price is near $2,023 on the daily Bitstamp chart, after losing the lower Fibonacci zone. Market focus is now on whether Ethereum can defend the $2,000 to $2,170 range and build a base for the next major rally setup. Ethereum Tests Ascending Support Near Key Zone Ethereum has returned to an area that traders view as a major support zone. The chart shows ETH near $2,023, close to the lower range between $2,000 and $2,170. This zone is important because it aligns with a broader ascending support structure. Traders have noted that Ethereum has formed higher lows across market cycles. $ETH/3D#Ethereum is reaching its bottom — and the setup is textbook.$ETH has been forming higher lo
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 Record ETH Open Interest: Short Squeeze Risks Explained appeared on BitcoinEthereumNews.com.
Ethereum traders are staring at a derivatives market that’s never been more loaded. Open interest (OI) in ETH futures just set a record, options positioning is call-heavy, and liquidity sits precariously above spot. This is the classic recipe for a violent move—but in which direction? This article breaks down why record OI can fuel a brutal short squeeze or a long-side cascade, what real-time signals matter, and how to navigate the next legs with practical risk checks. We use fresh data points from market trackers and explain how they map to price behavior you can actually trade around. Quick Answer Editor’s note: In Q1–Q2 2026 I spent more time tracking ETH basis and options flows than headlines. Several desks I spoke with flagged how quickly dealer gamma flipped around weekly expiries, which often decided whether a reclaim turned into a squeeze or fizzled. On days when OI climbed as
