Gravity Bridge (Cosmos–Ethereum) has been halted after a ~$5.4M exploit, likely due to a compromised signing key. Funds included $USDC, $ETH, $USDT & $PAXG, with some already laundered.
Validators paused the bridge as investigation continues.
Another hit to DeFi bridge security.
https://cointelegraph.com/news/cosmos-based-gravity-bridge-halts-bridge-after-reported-54m-exploit
Recovery hopes fade for Kelp DAO as hacker launders ~$220M of stolen funds via mixers and cross chain moves.
Only ~$1.7M remains traceable, while $71M stays frozen.
Chances of full recovery now very low.
https://cointelegraph.com/news/kelp-dao-recovery-hacker-launders-most-funds-293m-exploit
Crypto hacks hit $68.3M in May across 29 incidents.
Biggest losses: Verus ($11.5M) and THORChain ($10.1M).
Bridges were top targets (42%), with code exploits leading (66%).
Key compromises and AI-driven malware attacks are rising concerns.
https://cointelegraph.com/news/crypto-exploit-losses-fall-by-90-in-may-to-68m-certik
Coinbase expands in India, enabling direct INR deposits/withdrawals via IMPS after regulatory approval.
Users can now access spot, perps, and Advanced Trade.
Big move into the world’s #1 crypto adoption market despite heavy taxes.
https://cointelegraph.com/news/coinbase-rolls-out-rupee-bank-rails-in-india-after-watchdog-approval
Binance expands beyond crypto, launching commission free US stock & ETF trading (7,000+ assets, 24/5, fractional shares).
Tokenized stocks (bStocks) are next, aiming to build a full multi asset “super app” competing with Coinbase.
https://cointelegraph.com/news/binance-launches-tokenized-stocks-245-trading
Crypto markets show weakness as ETP inflows slow (Netherlands $1.3M vs $6.6M prior).
Sell-off lacks clear catalyst, tied to weak equities and low demand.
No BTC buys from Strategy adds to bearish sentiment short-term.
https://cointelegraph.com/news/crypto-etps-bleed-1-67-billion-altcoin-participation-collapse
Gnosis Pay hit by active exploit in its delay module.
Users initially urged to withdraw, then guidance reversed.
Team is working to contain damage and promises full refunds, but scope and impact remain unclear.
https://cointelegraph.com/news/gnosis-hit-by-fresh-exploit-team-vows-to-fully-cover-user-losses
Strategy sells 32 BTC (~$2.5M)
First sale since 2022 to fund preferred stock payouts.
Holdings now 843,706 BTC. MSTR stock drops 6%, $BTC dips below $72K amid growing concerns over selling pressure.
https://cointelegraph.com/news/strategy-first-ever-bitcoin-sale-offloads-32-btc
Crypto Update: Institutional Fear, $3B ETF Outflows, Regulatory Pressure, and BTC at a Critical Level
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