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Polkadot (DOT) Nears Resistance: Breakout or Bounce? 😨 $DOT has been trading within a small ascending channel on the 4-hour timeframe. The price has tested the resistance zone of $7.5 - $7.7 three times, failing to break through. However, this latest attempt shows potential for a #bullish breakout, with the price aiming for the channel's upper limit. Key Levels to Watch for #Polkadot : 👀 Support: Daily Demand Zone: $7.17 - $6.88 (critical for maintaining bullish structure) Resistance: Current Level: $7.5 - $7.7, Next Level: Daily Supply Zone for: $8.58 - $9.11 What are Your Options on #DOT ??
Polkadot (DOT) Nears Resistance: Breakout or Bounce? 😨

$DOT has been trading within a small ascending channel on the 4-hour timeframe. The price has tested the resistance zone of $7.5 - $7.7 three times, failing to break through.

However, this latest attempt shows potential for a #bullish breakout, with the price aiming for the channel's upper limit.

Key Levels to Watch for #Polkadot : 👀

Support: Daily Demand Zone: $7.17 - $6.88 (critical for maintaining bullish structure)

Resistance: Current Level: $7.5 - $7.7, Next Level: Daily Supply Zone for: $8.58 - $9.11

What are Your Options on #DOT ??
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Bullish
⛔Technical Analysis in Bullish Markets ⛔ In the exhilarating world of finance, where optimism abounds and prices soar, it's easy to get carried away in the frenzy of a bullish market. Yet, amidst the excitement, one steadfast principle remains: technical analysis always prevails in the long run. While the allure of quick gains may tempt many, seasoned traders know better. They understand that behind every surge lies a pattern, and beneath every peak, a resistance level waiting to be tested. Technical analysis isn't just a tool; it's a mindset. It's about trading without emotions, making decisions based on logic and data rather than fear or greed. In the end, it's not about timing the market, but time in the market. Adhering to the principles of technical analysis ensures that you stay on course, navigating through the market's twists and turns with confidence and clarity. So, the next time you're tempted to let optimism cloud your judgment, remember: technical analysis is the true north in a bullish market. Embrace it, master it, and watch your profits soar. $BTC #bitcoin #Binance #Web3 #ETF #Polkadot
⛔Technical Analysis in Bullish Markets ⛔

In the exhilarating world of finance, where optimism abounds and prices soar, it's easy to get carried away in the frenzy of a bullish market. Yet, amidst the excitement, one steadfast principle remains: technical analysis always prevails in the long run.

While the allure of quick gains may tempt many, seasoned traders know better. They understand that behind every surge lies a pattern, and beneath every peak, a resistance level waiting to be tested.

Technical analysis isn't just a tool; it's a mindset. It's about trading without emotions, making decisions based on logic and data rather than fear or greed.

In the end, it's not about timing the market, but time in the market. Adhering to the principles of technical analysis ensures that you stay on course, navigating through the market's twists and turns with confidence and clarity.

So, the next time you're tempted to let optimism cloud your judgment, remember: technical analysis is the true north in a bullish market. Embrace it, master it, and watch your profits soar.

$BTC #bitcoin #Binance #Web3 #ETF #Polkadot
Week 66 - Vitalik's EIP 7702 Update, Polygon's ZK Testnet, Polkadot's Asynchronous Backing, Carpe...GM! Buidlers In this edition of Hashingbit, we explore several critical updates in the Web3 ecosystem. Discover Vitalik Buterin's latest proposals, including a novel efficiency-boosting method, multidimensional gas pricing, and the major update EIP 7702 for externally owned accounts. The Ethereum community also welcomes EIP-3074, designed to enhance crypto wallet usability. In other ecosystem news, Polygon tests its ZK-based Ethereum scaling solution Miden, Arbitrum launches Millicent One to merge traditional finance with DeFi, and Polkadot introduces asynchronous backing to improve network performance. Additionally, we review the Carpediem Pension Smart Contract audit by QuillAudits and report on significant security breaches, including a $71M WBTC Loot and a $1.27M loss in GnusAi on the Fantom chain. Keep informed with Hashingbits, your essential resource for the latest in blockchain technology and security updates. EtherScope: Core Developments 👨‍💻 Vitalik Buterin proposes method to increase Ethereum capacity Ethereum Developers Target Ease of Crypto Wallets With 'EIP-3074’ Vitalik Buterin Proposes ‘Multidimensional Gas Pricing’ For Ethereum EIP List for peerdas-devnet-0 Pectra Interop Testing Requirement Tracker Pectra-devnet-0: plan to launch in ~5 days, client teams making good progress, attestation refactoring for EIP7549 taking extra time ERCs ERC-7280 : NFT Metadata Extension like JSON-LD ERC-7699 : Soul Resonance Token EIPs EIP-7701: Native Account Abstraction with EOF EIP-7702: Set EOA account code for one transaction EIP-7703: Increase call data cost EIP-7705: NONREENTRANT and REENTRANT opcodes EcoExpansions: Beyond Ethereum 🚀 Polygon Polygon launches ZK-based Ethereum scaling solution Miden on testnet Espresso Systems Collaborates With Polygon Labs To Develop AggLayer For Enhancing Rollup Interoperability Polygon ranks 1st for having more than 19.6 million contracts deployed on Polygon in the last 180 days. Seeking Seasoned Grant Allocators: Join the Polygon Community Grants Program! Polygon DeFi 101: What Are Smart Contracts and How Will They Work in an Aggregated Network? Arbitrum Arbitrum surpasses $150 billion in total transaction volume on Uniswap Introducing Millicent One: Bridging TradFi and DeFi with Arbitrum's Support! ALIENX and Anomaly Games joins the Arbitrum Ecosystem Arbitrum Stylus Floats Giga Update Introducing inEVM: Revolutionizing Interoperability with Injective, Cosmos, and Arbitrum Orbit Polkadot Polkadot rolls out asynchronous backing to boost network efficiency and transaction speed OpenZeppelin Launches Polkadot Runtime Templates for Blockchain Projects Pendzl: Transforming Blockchain Development with Enhanced Ink! Smart Contracts Polkadot Introduces Asynchronous Backing, Paving the Way for Polkadot 2.0 DevToolkit: Essentials & Innovations 🛠️ EIP5792 site (wallet call API): API reference, capabilities & ecosystem support Wagmi v2.8.0: adds experimental EIP5792 actions & hooks Reth Execution Extensions (ExEx): post-execution hooks for building offchain infrastructure Introducing the Helius Rust SDK The go-ethereum live tracer ERC420 - a tokenized multisig vault wFRIEND POC - bypassing Friend.techs 3% embedded dex fees Releasing Reth Execution Extensions CreateX now deployed (and verified) on 70 EVM chains Explore the Depths of Knowledge: Research Papers, Blogs and Tweets🔖 Twitter Vitalik released EIP-7702 - a new alternative to EIP-3074 How to Raise the Gas Limit, Part 2: History Growth Implications of EIP-3074 inclusion Why 4337 and 3074 authors are disagreeing, and who got it right Overview of Solana's Liquid Staking Market Structuring Blobspace Futures for Fun and Profit Liquid crypto is the biggest untapped investable segment for crypto funds Understanding the Berachain Governance Token (BGT) Articles Mastering Solidity: A Comprehensive Guide to Contracts EIP-3074 and Maintaining Permissionless Innovation Horizontal vs Vertical Scaling: The New Modular vs Monolithic The Power of Eigen Token How to tokenize real-world assets (RWAs) Unlocking Decentralized AI’s Potential with Morpheus AI by Chris Sotraidis Opepen v0.2: Decentralizing Curation by LJW What Tokens Are & What Tokens Aren’t Research Papers Advancing Blockchain Scalability: A Linear Optimization Framework for Diversified Node Allocation in Shards Blockchains for Internet of Things: Fundamentals, Applications, and Challenges Fully Automated Selfish Mining Analysis in Efficient Proof Systems Blockchains CAKE: Sharing Slices of Confidential Data on Blockchain MBCT: A Monero-Based Covert Transmission Approach with On-chain Dynamic Session Key Negotiation TetraBFT: Reducing Latency of Unauthenticated, Responsive BFT Consensus Watch🎥 Web3 Security Watch 🛡️ Articles Top 3 Multi-Chain Security Issues Decoding Pike Finance Exploit How AI Can Help Detect Money Laundering and Enhance Blockchain Security Web3 Security: Dangers & Precautions To Take Research Papers Enhancing Data Integrity and Traceability in Industry Cyber-Physical Systems (ICPS) through Blockchain Technology: A Comprehensive Approach PoW Security-Latency under Random Delays and the Effect of Transaction Fees WALLETRADAR: Towards Automating the Detection of Vulnerabilities in Browser-based Cryptocurrency Wallets A2-DIDM: Privacy-preserving Accumulator-enabled Auditing for Distributed Identity of DNN Model Enabling Privacy-Preserving and Publicly Auditable Federated Learning Stochastic behaviour of an n-node blockchain under cyber attacks from multiple hackers with random re-setting times Distributed Estimation in Blockchain-aided Internet of Things in the Presence of Attacks Twitter Carpediem Pension Audit Case Study Vulnerability Report: Binance PoR Dummy User Attack Introducing Bounty.vision Hacks and Scams 🚨 WBTC Loot Loss ~ $71M Over $71 million worth of wrapped bitcoin (WBTC) was lost in an address poisoning attack. The victim transferred 1,155 WBTC ($71.1 million) to the alleged attacker. The attack was executed through the creation of a fake wallet address resembling the victim's. Hacker spammed victim with numerous transactions to increase chances of address copy error. Hacker's address is now labeled "fake" and "phishing" on Etherscan. Wrapped bitcoin (WBTC) is an ERC token pegged 1:1 with bitcoin for use in the Ethereum ecosystem. WBTC traded at $61,644.23 at 11:13 a.m. ET on May 3, with a 3.95% increase in the past 24 hours. In poisoning attacks, attackers often mimic the first and last digits of the victim's wallet address. GnusAi Loss ~$1.27M Token minting exploits on Genius (GNUS) AI network on May 5, resulting in a $1.27 million attack. Highlights challenges in blockchain security. The attacker accessed a private GNUS team account starting with 0x18. The attacker obtained salt data for token creation, allowing the minting of 100 million fake GNUs. Fake GNUs bridged to Ethereum and sold in the market. The hack occurred via a breach of the team's private Discord communications. GNUS CEO "SuperGenius" confirmed the hack and Discord vulnerability. GNUS to release new token version, warning against old version purchase. The compensation plan includes $500,000 worth of Ether deposited into the liquidity pool for the new tokens. The remaining $500,000 compensation is locked until February 2025. Community Spotlight

Week 66 - Vitalik's EIP 7702 Update, Polygon's ZK Testnet, Polkadot's Asynchronous Backing, Carpe...

GM! Buidlers

In this edition of Hashingbit, we explore several critical updates in the Web3 ecosystem. Discover Vitalik Buterin's latest proposals, including a novel efficiency-boosting method, multidimensional gas pricing, and the major update EIP 7702 for externally owned accounts. The Ethereum community also welcomes EIP-3074, designed to enhance crypto wallet usability. In other ecosystem news, Polygon tests its ZK-based Ethereum scaling solution Miden, Arbitrum launches Millicent One to merge traditional finance with DeFi, and Polkadot introduces asynchronous backing to improve network performance. Additionally, we review the Carpediem Pension Smart Contract audit by QuillAudits and report on significant security breaches, including a $71M WBTC Loot and a $1.27M loss in GnusAi on the Fantom chain. Keep informed with Hashingbits, your essential resource for the latest in blockchain technology and security updates.

EtherScope: Core Developments 👨‍💻

Vitalik Buterin proposes method to increase Ethereum capacity

Ethereum Developers Target Ease of Crypto Wallets With 'EIP-3074’

Vitalik Buterin Proposes ‘Multidimensional Gas Pricing’ For Ethereum

EIP List for peerdas-devnet-0

Pectra Interop Testing Requirement Tracker

Pectra-devnet-0: plan to launch in ~5 days, client teams making good progress, attestation refactoring for EIP7549 taking extra time

ERCs

ERC-7280 : NFT Metadata Extension like JSON-LD

ERC-7699 : Soul Resonance Token

EIPs

EIP-7701: Native Account Abstraction with EOF

EIP-7702: Set EOA account code for one transaction

EIP-7703: Increase call data cost

EIP-7705: NONREENTRANT and REENTRANT opcodes

EcoExpansions: Beyond Ethereum 🚀

Polygon

Polygon launches ZK-based Ethereum scaling solution Miden on testnet

Espresso Systems Collaborates With Polygon Labs To Develop AggLayer For Enhancing Rollup Interoperability

Polygon ranks 1st for having more than 19.6 million contracts deployed on Polygon in the last 180 days.

Seeking Seasoned Grant Allocators: Join the Polygon Community Grants Program!

Polygon DeFi 101: What Are Smart Contracts and How Will They Work in an Aggregated Network?

Arbitrum

Arbitrum surpasses $150 billion in total transaction volume on Uniswap

Introducing Millicent One: Bridging TradFi and DeFi with Arbitrum's Support!

ALIENX and Anomaly Games joins the Arbitrum Ecosystem

Arbitrum Stylus Floats Giga Update

Introducing inEVM: Revolutionizing Interoperability with Injective, Cosmos, and Arbitrum Orbit

Polkadot

Polkadot rolls out asynchronous backing to boost network efficiency and transaction speed

OpenZeppelin Launches Polkadot Runtime Templates for Blockchain Projects

Pendzl: Transforming Blockchain Development with Enhanced Ink! Smart Contracts

Polkadot Introduces Asynchronous Backing, Paving the Way for Polkadot 2.0

DevToolkit: Essentials & Innovations 🛠️

EIP5792 site (wallet call API): API reference, capabilities & ecosystem support

Wagmi v2.8.0: adds experimental EIP5792 actions & hooks

Reth Execution Extensions (ExEx): post-execution hooks for building offchain infrastructure

Introducing the Helius Rust SDK

The go-ethereum live tracer

ERC420 - a tokenized multisig vault

wFRIEND POC - bypassing Friend.techs 3% embedded dex fees

Releasing Reth Execution Extensions

CreateX now deployed (and verified) on 70 EVM chains

Explore the Depths of Knowledge: Research Papers, Blogs and Tweets🔖

Twitter

Vitalik released EIP-7702 - a new alternative to EIP-3074

How to Raise the Gas Limit, Part 2: History Growth

Implications of EIP-3074 inclusion

Why 4337 and 3074 authors are disagreeing, and who got it right

Overview of Solana's Liquid Staking Market

Structuring Blobspace Futures for Fun and Profit

Liquid crypto is the biggest untapped investable segment for crypto funds

Understanding the Berachain Governance Token (BGT)

Articles

Mastering Solidity: A Comprehensive Guide to Contracts

EIP-3074 and Maintaining Permissionless Innovation

Horizontal vs Vertical Scaling: The New Modular vs Monolithic

The Power of Eigen Token

How to tokenize real-world assets (RWAs)

Unlocking Decentralized AI’s Potential with Morpheus AI by Chris Sotraidis

Opepen v0.2: Decentralizing Curation by LJW

What Tokens Are & What Tokens Aren’t

Research Papers

Advancing Blockchain Scalability: A Linear Optimization Framework for Diversified Node Allocation in Shards

Blockchains for Internet of Things: Fundamentals, Applications, and Challenges

Fully Automated Selfish Mining Analysis in Efficient Proof Systems Blockchains

CAKE: Sharing Slices of Confidential Data on Blockchain

MBCT: A Monero-Based Covert Transmission Approach with On-chain Dynamic Session Key Negotiation

TetraBFT: Reducing Latency of Unauthenticated, Responsive BFT Consensus

Watch🎥

Web3 Security Watch 🛡️

Articles

Top 3 Multi-Chain Security Issues

Decoding Pike Finance Exploit

How AI Can Help Detect Money Laundering and Enhance Blockchain Security

Web3 Security: Dangers & Precautions To Take

Research Papers

Enhancing Data Integrity and Traceability in Industry Cyber-Physical Systems (ICPS) through Blockchain Technology: A Comprehensive Approach

PoW Security-Latency under Random Delays and the Effect of Transaction Fees

WALLETRADAR: Towards Automating the Detection of Vulnerabilities in Browser-based Cryptocurrency Wallets

A2-DIDM: Privacy-preserving Accumulator-enabled Auditing for Distributed Identity of DNN Model

Enabling Privacy-Preserving and Publicly Auditable Federated Learning

Stochastic behaviour of an n-node blockchain under cyber attacks from multiple hackers with random re-setting times

Distributed Estimation in Blockchain-aided Internet of Things in the Presence of Attacks

Twitter

Carpediem Pension Audit Case Study

Vulnerability Report: Binance PoR Dummy User Attack

Introducing Bounty.vision

Hacks and Scams 🚨

WBTC Loot

Loss ~ $71M

Over $71 million worth of wrapped bitcoin (WBTC) was lost in an address poisoning attack.

The victim transferred 1,155 WBTC ($71.1 million) to the alleged attacker.

The attack was executed through the creation of a fake wallet address resembling the victim's.

Hacker spammed victim with numerous transactions to increase chances of address copy error.

Hacker's address is now labeled "fake" and "phishing" on Etherscan.

Wrapped bitcoin (WBTC) is an ERC token pegged 1:1 with bitcoin for use in the Ethereum ecosystem.

WBTC traded at $61,644.23 at 11:13 a.m. ET on May 3, with a 3.95% increase in the past 24 hours.

In poisoning attacks, attackers often mimic the first and last digits of the victim's wallet address.

GnusAi

Loss ~$1.27M

Token minting exploits on Genius (GNUS) AI network on May 5, resulting in a $1.27 million attack.

Highlights challenges in blockchain security.

The attacker accessed a private GNUS team account starting with 0x18.

The attacker obtained salt data for token creation, allowing the minting of 100 million fake GNUs.

Fake GNUs bridged to Ethereum and sold in the market.

The hack occurred via a breach of the team's private Discord communications.

GNUS CEO "SuperGenius" confirmed the hack and Discord vulnerability.

GNUS to release new token version, warning against old version purchase.

The compensation plan includes $500,000 worth of Ether deposited into the liquidity pool for the new tokens.

The remaining $500,000 compensation is locked until February 2025.

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