Crypto Losses Drop to $68.3 Million in May, Nearly 90% Lower
- Significant Loss Reduction: According to CertiK, crypto losses from hacks and exploits fell to $68.3 million in May, nearly 90% lower than the approximately $650 million reported in April, indicating improvements in industry security measures.
- Major Attack Incidents: The two largest exploits in May involved Verus Protocol and THORChain, with combined losses exceeding $21 million, including an $11.5 million loss from a cross-chain bridge attack on Verus Protocol, highlighting vulnerabilities in cross-chain infrastructure.
- Evolving Attack Tactics: Despite the decrease in losses, CertiK reported an increase in AI-assisted malware activity, with attackers targeting code repositories and AI coding tools, suggesting that cybersecurity threats are becoming more sophisticated and harder to mitigate.
- Security Advisory: CertiK advises users to remain vigilant, verify the authenticity of websites and smart contracts, and consider using cold wallets to reduce the risk of private key exposure, emphasizing the need for protective measures amid changing security landscapes.
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Technical Analysis for G
Technical Sentiment Analysis for Gravity (G). As of , Gravity (G) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for G stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, G is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Gravity (G) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00211 | 0.00235 | 0.00255 | 0.00279 | 0.00299 | 0.00323 | 0.00343 |
| Fibonacci | 0.00235 | 0.00252 | 0.00262 | 0.00279 | 0.00296 | 0.00306 | 0.00323 |
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