Gravity Bridge Hit by $5.4M Cross-Chain Security Breach

The post Crypto Gainers Of The Week: H, XLM, DEXE, And Others Top The List With High Price Appreciation appeared on BitcoinEthereumNews.com. Today, crypto market analyst CoinMarketCap highlighted top-performing cryptocurrencies over the week, with fresh names appearing at the top of the list, indicating assets that currently grab investor interest. The CMC data identified emerging crypto assets that outperformed established ones, including BTC, ETH, XRP, and many others, showcasing their recovered momentum and user appetite. The developments point out strong capital inflows and increased user excitement in certain digital assets with unique qualities, which are worth exploring. Why H, XLM, DEXE, INJ, and FET Lead The Market Humanity (H) The CoinMarketCap data identified Humanity (H) as the most outstanding crypto performer in the last seven days, pumped 88.28% over the period. This is an indicator of heightened enthusiasm in its decentralized identity network built to provide users wit

The HongCoin recovery underscores the importance of updating legacy smart contracts to prevent vulnerabilities and protect investor funds. The post HongCoin investors recover $2M in locked ETH after nine years appeared first on Crypto Briefing.

The post ETH Price Prediction: $2,200 Target Within 14 Days Despite Current Weakness appeared on BitcoinEthereumNews.com. Timothy Morano May 31, 2026 07:05 Ethereum sits dangerously close to critical support at $2,000 with oversold technicals creating a coiled spring setup. Despite bearish momentum, smart money positioning and analyst targets suggest … ETH’s Technical Reality Check Ethereum is bleeding slowly at $2,027, trapped in a classic oversold bounce zone that’s setting up for either capitulation or reversal. The RSI at 34 sits in no-man’s land—not quite oversold enough to trigger algorithmic buying, but weak enough to keep momentum traders sidelined. What’s more telling is the MACD histogram sitting flat at zero, suggesting the selling pressure has exhausted itself without buyers stepping up aggressively. The Bollinger Band position at 0.22 reveals Ethereum is hugging the lower channel, a technical setup that historically precedes either a violent breakdown or

The post $2K Showdown: Ethereum Loses 32% in 2026 While BTC Holds Relative Ground appeared on BitcoinEthereumNews.com. Key Takeaways Ethereum has dropped approximately 32.4% year-to-date (YTD) through May 2026, with Coinglass data showing heavy losses in January, February, and May. Spot ETH ETF investors pulled roughly 9,000 ETH on May 29 alone, adding sustained selling pressure near the $2,000 support zone. The Glamsterdam upgrade, targeting H1-Q3 2026, is expected to raise Ethereum’s gas limit by up to 3.3x and improve network efficiency. ETH Trails the Pack On the last day of May 2026, ether is changing hands near $2,000 to $2,020, down from an all-time high of approximately $4,953 set in August 2025. That puts the drawdown from peak at roughly 55% to 60%. Monthly return data from Coinglass tells the story clearly: January 2026: -17.52% February 2026: -19.81% March 2026: +6.97% April 2026: +7.3% May 2026: -11.01% Ethereum monthly returns according to Coinglass on May 31, 2026. The c

The post Gravity Bridg Hack: Gravity Bridge Pauses Operations After $5.4M Hack appeared on BitcoinEthereumNews.com. Gravity Bridge halted operations after a $5.4 million hack. Security teams are tracing funds while investigating a suspected key compromise. A major security incident has hit Gravity Bridge, a decentralized blockchain that connects the Ethereum and Cosmos networks. The protocol reportedly lost approximately $5.4 million worth of digital assets in a hack. This led to the validators stopping bridge operations quickly. In the meantime, security teams began their investigation of the attack and traced the stolen money. Hackers Drain USDC, ETH, and USDT from Gravity Bridge According to blockchain security firm PeckShield, the attacker drained several assets from the bridge. About $4.3 million in USDC, 274 wrapped Ether (wETH) worth approximately $553,000, and USDT valued at $434,000 were stolen. The hacker also took 14.164 PAX Gold tokens worth of almost $64,000. Thanks to the

Ethereum is testing the $2,000 psychological support level after falling roughly 32% in 2026 year-to-date, posting one of its worst first-half performances in years against a backdrop of macro headwinds, persistent exchange-traded fund (ETF) outflows, and a weakening ETH/ BTC ratio. ETH Trails the Pack On the last day of May 2026, ether is changing […]

Gravity Bridge halted operations after a $5.4 million hack. Security teams are tracing funds while investigating a suspected key compromise. A major security incident has hit Gravity Bridge, a decentralized blockchain that connects the Ethereum and Cosmos networks. The protocol reportedly lost approximately $5.4 million worth of digital assets in a hack. This led to […] The post Gravity Bridge Pauses Operations After $5.4M Hack appeared first on Live Bitcoin News.

The post Cross-Chain Protocol Gravity Bridge Suffers $5.4 Million Attack — Details appeared on BitcoinEthereumNews.com. Gravity Bridge, a Cosmos-native cross-chain protocol, was the target of a compromised-key attack, which led to the theft of roughly $5.4 million over the weekend. This latest security breach joins the growing list of exploits suffered in the decentralized finance (DeFi) space so far in 2026. Gravity Bridge Hack Traced To Signing Key Compromise: Investigator On Saturday, May 31st, blockchain sleuth Specter highlighted that Gravity Bridge might have been exploited through what he described as a signing key compromise. For context, a signing key compromise refers to the unauthorized disclosure or theft of a cryptographic key, allowing an attacker to then use it to decrypt sensitive information, forge digital signatures, or gain unauthorized access to systems and, as in this case, funds. The analyst disclosed that the loot included crypto assets worth about $5..4 million,