Hyperbridge has raised its loss estimate from $237,000 to $2.5 million after a Token Gateway exploit, with some funds traced to Binance.
Hyperbridge, a decentralized bridge connecting the Polkadot ecosystem to the Ethereum network, suffered a major security breach that allowed an attacker to mint 1 billion unauthorized DOT tokens. However, the hacker’s potential multimillion-dollar payday was drastically cut short to around $240,000 as there simply was not enough liquidity to cash out the fabricated assets. While […]
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The list of altcoin-based spot exchange-traded funds grows longer with the addition of 21Shares' TDOT Polkadot ETF.
The technical breakdown erased earlier gains as DOT plunged through $2.19 support on heavy volume.
Currently at $1.84, DOT has support at the $1.83 level and resistance at $1.88.
DOT is facing pressure as it tries to retake the $1.76 support/resistance level.
DOT has support in the $1.72-$1.74 zone.
The decline occurred on volume that was 35% above the token's 30-day average.
Strong selling pressure overwhelmed positive Coinbase integration news as the psychological $1.90 level failed to hold.
The exchange partnership sparked measured buying as volume rose 17% above monthly averages.
The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.
The token has support at the $2.19 level and resistance at $2.39.
The token has support at $2.09 and resistance in the $2.15-$2.16 zone.
The token has support at $2.05 and resistance near the $2.16 level.
DOT outperformed the broader crypto market as a 60% volume surge validated the breakout above a critical technical threshold.
The token outpaced broader crypto markets as volume spiked 34% above weekly averages.
DOT collapsed to $2.02 as technical breakdown accelerated on massive volume, exposing the psychological $2.00 level.
The altcoin carved out a $0.21 trading range, marking 9% intraday volatility as bearish forces gained control.
Polkadot’s price action is beginning to hint at a possible shift in momentum, with a reversal setup forming just below the critical $2.85 level. The bulls are gradually building pressure, eyeing a breakout that could confirm a change in trend. Still, the presence of strong resistance overhead means the coming sessions will be crucial in determining whether DOT can break free or face another rejection. DOT’s Downtrend Shows Signs Of Exhaustion As Buyers Eye A Short-Term Recovery Giving a follow-up on the expected path of DOT in the 4-hour timeframe, Elliott Waves Academy revealed that the series of declines through the sub-waves of the recent impulsive move may be nearing its end. This suggests that the current downward trend is exhausting itself, at least in the short term, with a potential recovery ahead. Related Reading: Polkadot Recovery Stalls As Bearish Pressure Returns With $3.5 In Sight Elliott Waves Academy observes that a diagonal pattern appears to be forming, which is outlining the intricate details of wave (1)/(A). This diagonal formation is key to the analysis, as it typically signals the termination of a prior trend and precedes a reversal. The analyst points to a confirmed break above the upper boundary of this diagonal pattern. Such a break would officially open the path for an upward recovery toward the zone between $3.3423 and $3.36538. On the other hand, the $2.2848 level is deemed crucial for maintaining the immediate recovery outlook. Elliott Waves Academy warned that if this critical $2.2848 level is broken, further significant downside is expected through an extension of the existing bearish waves. Polkadot Remains Trapped Beneath Major HTF Resistance Levels Crypto_Jobs shared on X that the long-term chart for Polkadot remains largely stagnant and constrained beneath major high-timeframe (HTF) resistance zones at $3.200 and $3.780. The analyst cautioned traders to remain conservative with any swing (long) setups while the price trades below these critical resistance barriers. Related Reading: Bitcoin Breakout Is A Trap—Analyst Predicts Pain Before $160,000 Surge Examining the current price action, Crypto_Jobs described market conditions as neutral, with Polkadot fluctuating within a tight range between $2.500 and $2.700. The sideways movement reflects a lack of clear direction, as both bulls and bears struggle for dominance. Despite this period of indecision, the chart showcases an emerging pattern that could soon dictate the next significant move. The crypto analyst noted the possible formation of an inverse head and shoulders pattern, with a neckline around the $2.700–$2.850 to $3.00 zone. A confirmed breakout above this neckline could signal renewed bullish momentum, potentially leading to a 5–10% price surge. Featured image from Medium, chart from Tradingview.com
Heavy institutional selling pressure triggered a technical breakdown in DOT.
The token slumped 4% amid a wider decline in crypto markets.
Support has formed around the $4.05 level, with resistance at $4.11.
The stablecoin sector is entering a new phase of competition, with major players unveiling fresh initiatives to capture part of the $280 billion market. On Sept. 22, PayPal, Bitfinex-backed Plasma, and Polkadot’s Hydration protocol announced new projects to strengthen the role of dollar-pegged assets in global finance. Neobank, DeFi, and Payments Plasma is positioning itself […]
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Polkadot’s DOT token slid nearly 5% in the past 24 hours, despite the network’s community approving a landmark governance proposal that reshapes its tokenomics. On Sept. 14, the team confirmed via X that the community had passed the “Wish for Change” proposal, which sets a hard cap of 2.1 billion DOT. The move ends Polkadot’s […]
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The Polkadot token tumbled amid increased selling pressure as support levels failed.
Support has formed in the $3.90-$3.91 zone, with resistance at $4.02.
Polkadot is moving to reposition itself in the current bull market by introducing a dedicated unit to bridge its ecosystem with institutional capital. On Aug. 19, the network announced the launch of Polkadot Capital Group, a capital markets-focused division designed to attract Wall Street investors and build stronger ties with traditional finance. According to the […]
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The new group’s offerings will cover centralized and decentralized exchange infrastructure, real-world asset tokenization, staking, and decentralized finance.
Successful defence of the $3.88-$3.92 consolidation range suggests the potential for further appreciation toward the $4.15-$4.20 Fibonacci extension targets.
Support has formed at $3.90 with resistance at the $4.15 level.