Crypto News & Market Updates

According to Bijie.com, according to on-chain analyst Specter's monitoring, the cross-chain bridge Gravity Bridge is suspected of being attacked, with its contract keys possibly leaked, resulting in the theft of approximately $5.4 million in crypto assets. The stolen assets mainly include approximately $4.3 million USDC, 274 WETH (about $553,000), $434,000 USDT, and $64,000 PAYG. So far, there has been no response from the project team.

According to Binance News, citing AFP on May 29, Iranian official media reported that Iranian authorities are preparing a "grand" funeral for the country's former Supreme Leader Ali Khamenei, who was killed. Previously, due to Iran's war with the United States and Israel, the funeral was postponed for a long time. Although the exact timing is still uncertain, Iran's national television quoted Muhsin Mahmoudi, head of the Islamic Propaganda Coordination Committee, as saying, "A dedicated headquarters has been set up to prepare for the funeral, and various departments are currently making preparations and arrangements." Ali Khamenei, who had led Iran for over 30 years, was killed during the first wave of US-Israel attacks that began on February 28. His son and successor, Mujtaba Khamenei, was also injured in the attack and has not appeared publicly since taking office.

BlockBeats News: On May 30, xAI has recently been frequently updating its AI programming tool Grok Build. As of version 0.2.11, multiple new features and performance optimizations have been released, and the product is rapidly evolving from an early CLI tool into a complete Agentic Coding environment. On the functional side, Grok Build has integrated X platform search and faster web search capabilities, adding commands such as /export, /login, /usage, and /config-agents, as well as supporting interactive file readers and PowerPoint text extraction functions. Additionally, the platform introduced an Always-approve model to streamline the authorization process. In terms of compatibility, Grok Build adds support for Windows ARM64 and macOS x86_64, optimizes development environments such as Warp, JetBrains, and traditional Windows terminals, and fixes copy-paste issues on Linux Wayland, WSL, and Windows platforms. In terms of Agent capability upgrades, subagents can now share terminal backends, task schedulers, and monitoring systems across sessions, and have added proactive reminder mechanisms and a "laziness detector" to improve model task execution efficiency. Additionally, the system further optimizes context compression and chat history memory management, and supports automatic background running of long-running Bash commands. In terms of user experience, the new version raises the terminal video playback frame rate to 30FPS, adds multi-image pasting, drag-and-drop upload, and macOS temporary screenshot features, and optimizes detailed experiences such as model switching and loading prompts, Markdown link rendering, and editor line number display. In terms of stability, xAI has increased the default retry time to about 5 minutes, improved Unix system resource limits (ulimits), enhanced background tools' handling of timeouts and abnormal termination situations, and fixed multiple compatibility issues such as UTF-8 output, large monitors, and Windows high contrast mode. --------------------------------- Click the original link below to join Beating · Feishu AI news channel provides 24×7/7 uninterrupted monitoring of global AI hotspots and news.

According to ChainCatcher, ZeroTier CEO Andrew Gault stated that the potential threat of quantum computing to the Bitcoin industry may not be limited to wallet private key security; encrypted communications between institutions and authentication data also face long-term risks.

BlockBeats reported that on May 30, driven by optimistic expectations that the U.S. and Iran ceasefire agreement may be extended, US stocks and crude oil markets continued to strengthen this week. The S&P 500 index rose for the ninth consecutive week, marking the longest winning streak since 2023; Brent crude remained stable around $92 per barrel. However, the cryptocurrency market failed to follow the rise of macro risk assets. Over the past week, Bitcoin fell 2.6% to $73,445, Ethereum dropped 2.5% to $2,011, Solana dropped 2.2%, and TRX dropped 5.6%, making it one of the weakest tokens among the top ten crypto assets by market capitalization. Market analysts believe that the cooling inflows into spot Bitcoin ETFs are putting pressure on the price. In contrast, some small- and mid-cap tokens performed impressively. Among them, Hyperliquid's native token HYPE surged 19.4% this week to around $65, becoming the biggest market highlight. Previously, ICE CEO Jeffrey Sprecher described Hyperliquid as "a bigger opportunity than Nasdaq" at the Bernstein conference, further boosting market sentiment. Additionally, BNB rose 1.9% this week, XRP increased 0.7%, and DOGE remained largely flat. At the macro level, U.S. President Trump stated that a final decision on the U.S.-Iran ceasefire memorandum is close to being made, but he still insists that Iran abandon its nuclear program, hand over its enriched uranium stockpiles, and open the Strait of Hormuz. Market participants believe that, due to clear differences between the two sides on key issues, the current rebound in risk assets remains fragile, and any negative news about Iran negotiations could trigger a reversal in market sentiment.

According to Binance News, Andrew Gault, CEO of network infrastructure company Zerotier, stated that the Bitcoin industry's focus on quantum computing threats may be misleading, with the greatest risk not necessarily being wallet keys being cracked, but the cryptographic authentication data currently transmitted between institutions and exchanges. Gault warned that attackers may adopt a "collect first, decrypt later" strategy, hoarding currently encrypted network traffic, authentication records, and digital signatures in advance, and only decrypting them once quantum computing capabilities mature. He believes that the security risks of the inter-institutional data transmission layer may become an even more severe challenge for future financial systems.

BlockBeats reported on May 30 that Andrew Gault, founding partner of deep-tech investment firm 7percent Ventures and CEO of network company ZeroTier, stated that the market is overly focused on the threat of quantum computing to Bitcoin wallet private keys, while overlooking a more urgent risk—the encrypted communication data currently being transmitted and continuously collected between financial institutions. Galt pointed out that attackers are using a "collect first, decrypt later" strategy, storing encrypted data such as interbank communications, payment authentication records, and digital signatures on a large scale, waiting for quantum computers with sufficient capabilities to emerge in the future before cracking them. He believes the real danger is not static data storage, but the daily flow of authentication and signature information between exchanges, custodians, cross-chain bridges, and financial institutions. In March this year, Google's quantum AI team published research claiming that in the future, sufficiently powerful quantum computers could derive Bitcoin private keys from public keys in about 9 minutes, raising market concerns about the security of approximately 6.9 million exposed public key BTC. However, Galter believes that what deserves more attention is the network communication data currently collected. Google's security team has shifted its risk focus to digital signatures and identity authentication systems, and plans to complete post-quantum cryptography migration by 2029. Google stated that "collect first, decrypt" attacks pose a real threat. Additionally, a Citigroup study from February estimated that if quantum computing breaches the encryption mechanisms of major U.S. banks accessing Fedwire's payment system, it could trigger an economic shock of $2 to $3.3 trillion, equivalent to a 10% to 17% decline in real U.S. GDP. The report points out that although Ethereum has launched a coordinated post-quantum migration plan, the Bitcoin network and major crypto exchanges and custodians have yet to publicly commit to similar upgrades to the relevant signature infrastructure. Analysts believe that as quantum computing technology continues to advance, the crypto industry may face greater pressure in the future transition to post-quantum security.

According to ChainCatcher, the Financial Intelligence Unit (FIU) of Korea plans to no longer advance mandatory suspicious transaction reporting (STR) requirements for large cross-border virtual asset transfers and personal wallet transfers, but will continue to expand the regulatory coverage of the Travel Rule and further strengthen tracking of digital asset transactions.

According to ChainCatcher, Circle released the "Post-Quantum Security White Paper," proposing a phased post-quantum resilience roadmap focused on the long-term security of the Arc blockchain ecosystem. This roadmap covers multiple technical directions including quantum-secure signatures, private execution environments, validator hardening, infrastructure migration, and account recovery, applicable to core components like the Arc network, USDC, smart contracts, and validators. Circle stated that it plans to provide post-quantum signature support when the Arc mainnet goes live (in 2026) to enhance the ecosystem's ability to address future quantum computing threats.