Live Feed

Blockchain security firm PeckShield reported that the hacker behind the Gravity Bridge exploit has laundered a portion of the stolen funds through ChangeNOW and Binance. According to the firm, the attacker stole assets worth about $5.4 million and currently still holds 2,102 ETH, valued at approximately $4.23 million. This follows an earlier report from on-chain analyst Specter, who first noted that about $5.4 million in assets had been stolen due to a contract key leak. The stolen assets included approximately $4.3 million in USDC, 274 WETH (about $553,000), $434,000 in USDT, and $64,000 in PAYG. The Gravity Bridge project has not yet issued an official statement.

On-chain analyst ZachXBT said stablecoin issuer Circle has blacklisted the cUSDC (Confidential USDC) contract for ZAMA, an Ethereum-based privacy protocol. According to the analyst, the move, which occurred about seven hours ago, has frozen approximately $12.6 million in USDC within the contract. ZachXBT explained that the contract address is publicly listed in ZAMA's official documentation and on block explorers. The specific reason for the freeze has not yet been confirmed. He also pointed out that in March, Circle froze more than 16 hot wallets belonging to various companies, protocols, and service providers without explanation.

On-chain analyst MLM reported that approximately $23 million in funds suspected to be from hacking or phishing has been used to purchase Monero (XMR). According to MLM, an associated address withdrew $29.3 million in USDC from Coinbase three days ago, converted it to DAI, and then swapped it back to USDC before buying XMR through multiple wallets. The analysis indicates that related addresses bought around $23 million worth of XMR over the past four to 17 hours, a buying spree that coincided with a 15% rise in XMR's price. The addresses currently hold about $4 million in DAI on-chain and have reportedly halted further XMR purchases.

The cross-chain protocol Gravity Bridge is suspected of having been hacked, according to on-chain analyst Specter. Specter suggested that a compromised contract key may have led to the outflow of approximately $5.4 million in various cryptocurrencies. The drained assets reportedly include around $4.3 million in USDC, 274 WETH (worth about $553,000), $434,000 in USDT, and $64,000 in PAYG. The project's team has not yet issued an official statement, and the exact extent of the damage and the cause of the attack are still under investigation.

Yanis Varoufakis, a Greek politician and the country's former finance minister, revealed on a podcast that he once owned 2,000 BTC. He explained that he donated his entire holdings due to ideological disagreements with Bitcoin. Varoufakis is known for his long-standing critical stance on Bitcoin and cryptocurrencies.

BitMEX co-founder Arthur Hayes has expressed a bullish outlook for HYPE, the native token of the Hyperliquid ecosystem. On social media, he posted, "HYPE to $150," adding, "Down with TradFi and the Clarity Act. Long live Caesar." HYPE has recently been one of the top-performing assets in the cryptocurrency market, rising approximately 20% over the past week.

Heima, a cross-chain abstraction layer project, announced that it has initiated a community vote on an on-chain proposal to burn 16.5 million HEI tokens from its ecosystem allocation. The Heima Foundation has voted in favor of the proposal, but the final decision will depend on the outcome of the community vote. The proposed burn aims to enhance the long-term value of the ecosystem by reducing the token supply. The project also emphasized its commitment to governance transparency and community participation.

Andrew Gault, CEO of ZeroTier, has argued that the primary risk from quantum computing lies not in hacking Bitcoin wallet private keys but in the broader authentication and payment infrastructure of the financial system, including institutions, exchanges, and custodians. He explained that attackers are already gathering data such as inter-institutional payment records, authentication messages, and digital signatures, which could be decrypted in the future through "Harvest Now, Decrypt Later" attacks once quantum computers become sufficiently powerful. Gault also pointed out that digital asset infrastructure, including exchange API authentication, cross-chain bridge proofs, and custodian signature systems, is exposed to the same danger.

The predicted probability on Polymarket of Strategy selling its BTC before May 31 has fallen to 24%, a decrease of 16 percentage points from 24 hours ago. The odds of a sale before June 30 and Dec. 31 have also dropped to 69% and 88%, respectively, down three to six percentage points over the same period. This shift is attributed to Strategy withdrawing 411 BTC, the same amount it deposited to Coinbase yesterday, a move the market has interpreted as partially alleviating concerns about a potential sale. While Strategy recently mentioned the possibility of selling BTC in connection with a convertible bond buyback, no actual sale has been confirmed.

An anonymous user has permanently inscribed the full text of the U.S. Constitution onto the Bitcoin blockchain, paying a fee of approximately $83 (113,454 satoshis). The data, which includes the preamble, seven articles, and 27 amendments, was inscribed at block height 951,492 via the Ordinals protocol.

According to on-chain data cited by Lookonchain, an early Ethereum investor (OG) sold 55,000 ETH (approximately $112.25 million) and 9,442 wstETH (approximately $24 million) over the past week. The total sale amounted to roughly $136.25 million, with an average selling price of around $2,041 per ETH.

NBA player Tristan Thompson announced on X that he has entered a 50x short position on HYPE. His entry price was $66.95, with a stop-loss reportedly set around $68. Thompson explained that the move is a short-term trading strategy based on an expected correction, not a long-term bearish outlook. He added that while he sees the potential for a price adjustment in the near term, he remains bullish on HYPE's long-term prospects.

Swan Bitcoin CEO Cory Klippsten has stated that despite the expansion of institutional inflows, retail investor sentiment remains a crucial variable in the BTC market. He explained that spot BTC ETFs do not involve firms like BlackRock or Fidelity buying BTC for their own balance sheets; rather, they purchase actual BTC with the funds from investors who buy the ETF shares. He added that ETF demand is ultimately a reflection of real BTC demand, which stems from investor sentiment. However, Klippsten has lowered his assessment of the probability of BTC reaching a new all-time high this year from 50% to a range of 20-25%, citing the cryptocurrency's current stagnation in the $70,000 range. Meanwhile, U.S. spot BTC ETFs have recorded approximately $2.9 billion in net outflows since May 15.

Grayscale has submitted a fifth amended filing for its proposed Hyperliquid Staking ETF to the U.S. SEC, according to Bloomberg ETF analyst James Seyffart. The filing, designated as Amendment No. 5, retains the proposed ticker HYPG and the plan to seed the fund with approximately two million HYPE tokens, valued at around $130 million at current prices. Seyffart noted that the latest changes appear to be minor, likely incorporating SEC feedback and formatting adjustments, with no substantial alterations to the fund's structure. Key details, such as the management fee, have not yet been disclosed. The previously revealed staking structure and seed asset plan remain unchanged.

Nasdaq-listed mining company Bitdeer sold all 206.2 BTC it mined this week. The company has maintained a strategy of holding zero BTC since February.

According to on-chain data, a large swing trader with an address beginning in 0x69b5 has closed all positions after buying the dip on ETH about a week ago. The investor is estimated to have bought ETH at an average price of $2,078.9 and sold at $2,024.7, incurring a loss of around $260,000 on a position worth approximately $10 million.

This order book analysis chart for the BTC/USDT spot pair shows the Volume Heatmap on top and the Cumulative Volume Delta (CVD) at the bottom. - The Volume Heatmap tracks the scale of trading volume at specific price levels. The background color brightens when the price remains in a particular range for an extended period or experiences a significant move. These brighter areas can potentially act as support or resistance levels. - The Cumulative Volume Delta (CVD) indicator represents buy and sell orders categorized by the size of the funds involved. As buy orders increase, the corresponding colored line rises. The yellow line represents orders between $100 and $1,000, while the brown line indicates large orders between $1 million and $10 million.

U.S. spot Bitcoin ETFs experienced a net outflow of approximately $125.29 million (188.8 billion won) on May 29, according to data compiled by Trader T. This marks the 10th consecutive trading day of net outflows. - BlackRock's IBIT: -$68.19 million - Fidelity's FBTC: -$31.95 million - Morgan Stanley's MSBT: -$5.26 million - Ark Invest's ARKB: -$7.3 million - Grayscale's GBTC: -$2.82 million - Grayscale's BTC: -$9.74 million

U.S. spot Ethereum ETFs saw net outflows of approximately $17.89 million on May 29, marking the 14th consecutive trading day of outflows, according to data compiled by Trader T. - BlackRock ETHA: -$40.72 million - BlackRock Staking ETHB: +$9.34 million - Fidelity FETH: +$10.53 million - Bitwise ETHW: +$1.44 million - 21Shares TETH: +$1.51 million

An address linked to leading Silicon Valley venture capital firm Andreessen Horowitz (a16z) purchased an additional 226,121 HYPE, worth $14.5 million, today, according to an analysis by Lookonchain. Since April 14, the whale has accumulated a total of 3.9 million HYPE, worth $192.6 million, at an average purchase price of $49.4. HYPE is currently trading at $65.21, up 7.55%, according to CoinMarketCap data.

Layer 1 blockchain Sui (SUI) has resolved a mainnet outage, with transactions now processing normally, the project announced on its official X account. According to Sui, the disruption occurred yesterday during the deployment of a long-term fix. As validators restarted to deploy the new binary, a randomness initialization procedure required at the start of each epoch failed to complete because it demands a higher quorum threshold than the network's standard consensus mechanism. A subsequent bug in how the failed state was preserved prevented the network from advancing to the next epoch. Validators have since applied a patch addressing both the bug and the affected epoch, restoring normal network operations.

MicroStrategy (MSTR), the largest corporate holder of Bitcoin, withdrew 411 BTC, worth approximately $30.18 million, from an address linked to Coinbase Prime about three hours ago, according to on-chain analyst ai_9684xtpa. The amount is identical to the 411 BTC the company had transferred to the platform yesterday. Coinbase Prime is a prime brokerage platform offering trading, custody, and financing services to institutional investors.

A wallet suspected of belonging to crypto investment firm Dragonfly Capital deposited 137 million SKY, worth approximately $9.05 million, to Coinbase a short time ago, on-chain analyst EmberCN reported. The tokens were originally withdrawn from Binance five years ago. At the time, they were pre-rebranding MakerDAO (MKR) tokens valued at around $20.45 million. Deposits to exchanges are typically interpreted as an intent to sell.

The next major legislative issue for the U.S. cryptocurrency industry after the CLARITY Act is tax policy, Forbes reported. A bipartisan effort to address this is currently underway in the House of Representatives, where four members of the Ways and Means Committee have introduced a crypto tax bill. Rep. Max Miller, one of the sponsors, said that while the U.S. leads in crypto innovation, current tax laws have not kept pace with the rapid growth of digital assets and modern financial technology. He added that he and Rep. Steven Horsford are leading congressional discussions on the matter and expressed optimism that the bill could pass by the end of this year.

BlackRock has submitted a third amended S-1 filing for its iShares Bitcoin Premium Income ETF to the U.S. Securities and Exchange Commission (SEC), according to Bloomberg ETF analyst Eric Balchunas. He noted that the filing does not yet specify a management fee. Balchunas added that given this is the third amendment, BlackRock is clearly refining the document and appears to be working to launch its product before a Bitcoin ETF from Goldman Sachs becomes available.