Due to the recent cross-chain bridge security incident, DOT briefly broke below 1.15, causing market sentiment to quickly turn bearish. However, technical support emerged significantly near 1.15, with a notable recovery breakout above 1.33. In the short term, price fluctuations are primarily driven by capital sensitivity in a low-leverage environment. It is recommended to cautiously seize trading opportunities within the 1.20–1.30 range and consider phased accumulation on dips. In the medium to long term, as Polkadot continues to strengthen its foundational advantages in AI-powered on-chain asset management and post-quantum security, ongoing ecosystem innovation is expected to provide sustained value support for prices. A moderately bullish outlook is maintained for the mid-term, with focus on the 1.40–1.60 range as the next upside potential.

Recently, a cross-chain bridge protocol was exploited due to a missing input validation in its Merkle proof verification logic, resulting in the minting of a large number of counterfeit tokens. These tokens were cashed out for approximately $237,000 in a low-liquidity environment. The incident led several leading exchanges to urgently suspend DOT deposits and withdrawals, placing the token under observation. Market confidence suffered a rapid collapse, with the price dropping sharply from 1.22 to around 1.15, and daily trading volume surged as bearish sentiment quickly prevailed.

Hyperbridge gateway contract was attacked, with the attacker forging messages to alter the admin rights of the Polkadot token contract on Ethereum. The attacker minted and sold 1B tokens, profiting approximately $237,000.

The Hyperbridge gateway was attacked through a contract exploit, with hackers minting and selling 1B DOT to profit approximately $237,000.

Polkadot ($DOT) faced a security incident after a hacking attack on Hyperbridge, a platform bridging cryptocurrencies, where attackers illegally minted and sold $DOT tokens. Although the Polkadot network was not directly targeted, South Korea’s three largest exchanges—Upbit, Bithumb, and Coinone—have suspended $DOT deposits and withdrawals and added it to their delisting watchlist. The token’s price dropped about 6% to $1.15, with relatively small losses due to low liquidity.

Bad News for Altcoin Hacked Today! Three Major Exchanges Added It to Their Watchlist, Could Be Delisted!

A hacker exploited a bug in Hyperbridge, a crypto bridge, to create one billion counterfeit Polkadot DOT tokens on the Ethereum blockchain, valued at $1.2 billion. Due to low liquidity, the hacker sold the tokens for just over $237,000 in Ether via Uniswap. The protocol is paused while the bug is fixed. The incident highlights ongoing vulnerabilities in crypto bridges, despite no flaw found in Polkadot’s core code.

A hacker created $1.2B of counterfeit crypto. They only sold it for $237,000.

After the price hit a low of 1.15, the market showed signs of short-term oversold recovery. On April 14, a candlestick with a long lower shadow suggested capital was entering to test support on the downside. On April 16, there was a significant surge in volume with a strong bullish candlestick closing above 1.33, successfully breaking the 1.30 resistance and stabilizing above the 5-day and 10-day moving averages. Given the current low-leverage market context, even a small inflow of funds can trigger notable volatility. Bullish rebound and bottom fishing momentum are gradually emerging.

Crypto prices saw a slight decline with the global market cap down 0.9% in 24 hours. Bitcoin holds above $70,700, Ethereum is around $2,185, and Polkadot (DOT) is at $1.19. RaveDAO surged 190% to $6.18 despite broader market weakness. Rising tensions in the Strait of Hormuz caused oil prices to surge 9.5%, reaching $105 per barrel.

Crypto Price Today: Bitcoin Holds $70.7k, ETH Dips, DOT Slips as US Imposes Hormuz Blockade; OIL Surges, RAVEDAO Soars 130%

From a medium to long-term perspective, DeFi and AI-driven on-chain asset management tools are developing rapidly, while demand for post-quantum cryptographic security is gradually increasing. Leveraging its cross-chain interoperability and scalable architecture, Polkadot is poised to be a critical foundational blockchain for hosting AI Agent management strategies and PQC security modules. With continuous ecosystem enrichment and security mechanism upgrades, its long-term value is expected to increase steadily.

The report provides a comprehensive overview of the crypto market after five and a half months of bear conditions, covering key developments in DeFAI tools driven by AI agents for on-chain asset management, and an analysis of ongoing critical projects in the post-quantum cryptography (PQC) sector. It highlights major players, investment trends, technological advancements, and the integration of AI and blockchain in DeFi, as well as the progress of PQC initiatives aimed at enhancing security against future quantum threats.

Research Morning Report | Five and a Half Months of Bear Market: A Health Check Report on the Crypto Market / DeFAI Tool Summary: How to Use AI Agents to Drive On-Chain Asset Management / Post-Quantum Cryptography Track Analysis: An Overview of Key Ongoing Projects

Polkadot

UBS: Still expects the Federal Reserve to cut interest rates by 50 basis points later this year.

China expected to keep benchmark lending rates steady after strong GDP data

The European Central Bank will raise interest rates in June as the Iran war drives inflation higher this year, a Bloomberg survey showed.

Important news from last night and this morning (April 16 - April 17).

Bank of Japan Governor: We need to simultaneously address rising energy prices and economic downturn risks; policy-making is very difficult at this stage.

BOJ chief avoids hints of April rate hike, shattering hawkish market bets

ECB policymakers play down April rate hike chances

Here’s why Polkadot price rallied over 10% today

Declining energy prices have moved the euro-zone economy back toward the European Central Bank’s base case and may mean interest-rate increases aren’t needed, according to Governing Council member Primoz Dolenc.

Fed’s John Williams Signals Support for Holding Rates Steady Ahead of FOMC Meeting

Bybit-eu

Live chart for Polkadot to USD conversion. Check out DOT to USD prices in real time. Convert, buy, sell, and trade Polkadot on Bybit-eu.

Polkadot Price: DOT Live Price Today | DOT Market Cap & Chart Analysis | Bybit-eu

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DOT price today is 1.33, with a live price change of 4.73 in the last 24 hours. Convert, buy, sell and trade DOT on Bybit-eu.

Track Polkadot live price, market cap, 24-hour trading range, and real-time chart data on Bybit-eu.

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