Standard Chartered Keeps $40,000 ETH Target Despite 57% Price Decline

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 Dash says crypto forgot its original killer app: digital cash appeared on BitcoinEthereumNews.com. Dash has renewed its focus on digital cash, arguing that peer-to-peer payments remain one of crypto’s most useful goals even as stablecoins, DeFi and decentralized applications take more attention. Summary Dash says digital cash remains crypto’s strongest use case as stablecoins and DeFi gain ground. The project says stablecoins carry issuer, peg and freeze risks that digital cash avoids directly. Dash links payments, savings, DeFi and DApps to one scarce base money model for users. Dash said its strategy still follows the early idea behind Bitcoin: a peer-to-peer electronic cash system. The project said that use case has lost attention in parts of the crypto market, but it remains central to its roadmap. In a post on X, Dash described digital cash as the “killer app” for blockchain because it can support direct payments, savings, finance and digital services. The project said di

Dash says digital cash remains crypto’s key use case, arguing stablecoins, DeFi and DApps need scarce, fast money for payments in 2026.

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 Circle Freezes $12.6M in Stablecoins Linked to Zama Without Prior Notice: ZachXBT appeared on BitcoinEthereumNews.com. Stablecoin issuer Circle froze $12.6 million in USDC dollar-pegged tokens linked to privacy protocol Zama’s confidential USDC smart contract on Saturday, according to onchain sleuth ZachXBT. The smart contract is “publicly labeled” on block explorers and the privacy protocol’s technical documentation, ZachXBT said.  The exact reason for the freeze is “unclear,” he said, adding that wallets linked to the Overnight Finance decentralized finance (DeFi) protocol deposited $12.4 million into the Zama protocol on May 11, 2026. He said: “Overnight Finance held a governance vote recently to distribute treasury funds after holders alleged the team was rug-pulling. Regardless, it’s precedent-setting to unilaterally freeze the contracts or addresses of a protocol where funds have been commingled with Zama users.” Source: ZachXBT “From my understanding, the Zama team does

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