Finanzmittel Info + Krypto + Geld + Gold

Key takeaways

• Harmony’s ONE token plunged roughly 40% following an apparent exploit that created about 4 billion tokens.
• The unauthorized issuance was equivalent to approximately 26% of ONE’s existing supply.
• Harmony released an emergency software update to prevent further minting and urged network operators to install it immediately.

Harmony’s ONE token fell approximately 40% on Wednesday after an apparent exploit reportedly created around 4 billion new tokens.

Harmony confirmed the attack and instructed the network operators responsible for maintaining the blockchain to install an emergency software update. The project said the patch would prevent the attacker from minting additional ONE tokens.

However, the update does not resolve the status of tokens that were already created. Harmony is still evaluating how to isolate or remove those assets from circulation.

The scale of the incident triggered intense selling pressure as traders assessed the risks of token dilution, exchange deposits, and a potential reversal of blockchain transactions.

Unauthorized issuance equals 26% of ONE supply

Approximately 15 billion ONE tokens existed before the exploit. The creation of another 4 billion represents a sudden supply increase of roughly 26%.

Such a large unauthorized issuance can severely dilute existing holders. If the attacker successfully transfers the newly created tokens to exchanges and sells them, the additional circulating supply could place further downward pressure on ONE’s price.

Harmony has not officially confirmed the total number of tokens minted or explained how the reported 4 billion figure was calculated.

The network was once among the cryptocurrency industry’s largest projects, reaching a market capitalization of approximately $4 billion in January 2022.

Harmony temporarily paused its token bridge to prevent potentially compromised assets from moving between networks.

The project also asked centralized exchanges to block and freeze funds traced to four wallet addresses associated with the incident. By flagging those addresses, Harmony hopes trading platforms can prevent the attacker from converting or withdrawing the newly minted tokens.

Cooperation from exchanges may limit the damage if the assets remain identifiable. However, recovery becomes more difficult if the tokens are swapped through decentralized exchanges, transferred to other networks or divided among additional wallets.

Blockchain transaction monitoring may still allow investigators to trace some movements, but it cannot guarantee that all unauthorized assets will be recovered.

Harmony’s software update is intended to close the vulnerability and stop any additional ONE from being created.

Network operators must adopt the new software for the patch to become effective across the blockchain. A coordinated upgrade is therefore essential to ensure that validators and other infrastructure providers follow the corrected network rules.

Harmony has not publicly identified the vulnerability, disclosed how the attacker gained minting authority or confirmed whether any additional parts of the protocol remain at risk.

Until the project releases a complete technical explanation, uncertainty may continue to weigh on ONE and applications operating on the network.

“We are working on a patch and rollback options,” Harmony said, promising further updates as its investigation progresses.

A rollback would return the blockchain to a state recorded before the exploit. The network would then resume from that point, removing subsequent transactions from its accepted history.

This approach could erase the creation of unauthorized tokens still on Harmony. However, it could also reverse legitimate transactions completed after the selected rollback point.

Will ONE recover following the massive dip?

The ONE/USD 4-hour chart is extremely bearish and efficient, as ONE has lost 40% of its value in the last 24 hours.

The coin briefly dropped to the $0.000605 level before bouncing back to now trade above $0.00074.

The technical indicators suggest that the bears are currently in control. The RSI of 12 means that ONE is currently in an oversold territory. The MACD lines also support the bearish narrative.

If the bearish trend persists, ONE could retest the daily low of $0.000605 before heading towards the $0.00050 psychological level.

However, if the bulls regain control, they would likely seek efficiency on the 4-hour chart at the $0.00112 level in the near term.

The post Harmony’s ONE token crashes 40% following a major exploit appeared first on CoinJournal.

Key takeaways

• Bitcoin trades below $64,000 as stalled US-Iran negotiations weaken demand for risk-sensitive assets.
• Rising oil prices are increasing inflation concerns and expectations of another Federal Reserve rate hike.
• US spot Bitcoin ETFs recorded $144.67 million in net outflows on Monday, ending a five-day inflow streak.

Bitcoin (BTC) is struggling below $64,000 at the time of writing on Tuesday as rising oil prices and uncertainty surrounding the US-Iran negotiations weigh on market sentiment.

Weakening institutional demand has added to the pressure. US spot Bitcoin exchange-traded funds recorded net outflows at the beginning of the week, ending a five-day run of positive flows.

The combination of geopolitical uncertainty, renewed inflation concerns and softer ETF demand is keeping investors cautious and limiting Bitcoin’s ability to recover.

US-Iran deadlock pushes oil prices higher

Negotiations between the United States and Iran over a potential peace agreement and the reopening of the Strait of Hormuz appear to have reached an impasse.

US President Donald Trump responded to Iran’s conditions for a peace agreement with additional demands on Monday, including compensation for people killed in wars, attacks and protests, according to Reuters.

The rhetorical escalation could complicate diplomatic efforts and delay the reopening of the Strait of Hormuz, a critical route for global energy shipments.

Concerns about prolonged disruption have pushed oil prices higher while pressuring risk-sensitive assets such as Bitcoin.

A sustained increase in energy prices could lift production and transportation costs, creating renewed inflationary pressure. Higher inflation could give the Federal Reserve more reason to maintain restrictive monetary policy or raise interest rates.

Expectations of another Federal Reserve rate increase have strengthened alongside the rally in oil prices.

The CME FedWatch Tool shows that market participants are pricing in a 51.3% probability of a 25-basis-point rate hike at the Fed’s September meeting. That figure has increased from 44.1% on Friday.

Higher interest rates generally reduce demand for speculative assets by increasing borrowing costs and making interest-bearing investments more attractive. As a result, rising rate-hike expectations could continue to limit Bitcoin’s upside.

However, expectations could shift again in response to incoming inflation, employment and economic-growth data.

Institutional demand for Bitcoin began the week on a weaker footing. US spot Bitcoin ETFs recorded $144.67 million in net outflows on Monday, according to SoSoValue. The withdrawal ended five consecutive trading days of net inflows.

ETF flows are closely watched because they provide insight into demand from institutional and traditional-market investors. Sustained inflows can support Bitcoin by increasing spot-market buying, while persistent outflows can add selling pressure.

Monday’s outflow does not necessarily establish a broader trend. However, additional withdrawals throughout the week could deepen Bitcoin’s correction and further weaken investor sentiment.

Bitcoin price remains below key moving averages

Bitcoin trades near $63,916 at the time of writing on Tuesday after falling 1.44% during the previous session.

The cryptocurrency remains below a cluster of important Exponential Moving Averages, maintaining its bearish near-term structure.

The 50-day EMA at $64,625 represents Bitcoin’s nearest resistance. Above that level, the 100-day EMA at $66,795 and the 200-day EMA at $72,045 create additional barriers.

With all three moving averages positioned above the current price, BTC faces substantial resistance during any recovery attempt.

Momentum indicators also show a lack of decisive buying pressure. The Relative Strength Index stands near 48, slightly below its neutral midpoint of 50.

Meanwhile, the Moving Average Convergence Divergence line remains marginally below zero and close to its signal line. The setup reflects weak and largely directionless momentum rather than a confirmed bullish reversal.

Bitcoin must reclaim the 50-day EMA at $64,625 to improve its short-term outlook. A sustained break above this level could allow buyers to target the 100-day EMA at $66,795. 

Further gains would bring the 200-day EMA at $72,045 into focus, followed by the broader horizontal resistance at $75,719.

On the downside, Bitcoin’s immediate support is located at $62,345. Buyers may attempt to defend this level if geopolitical and macroeconomic pressures continue.

A decisive daily close below $62,345 would strengthen the bearish outlook and potentially trigger a deeper correction toward the yearly low of $57,800, established on July 1.

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Key takeaways

•  Stellar has fallen below a critical support zone.
• The long-to-short ratio for XLM has declined to 0.94 and 0.90, respectively.
• The funding rate for XLM has turned negative, reflecting stronger demand for short positions.

XLM continues to underperform

Stellar (XLM) remains under pressure on Tuesday after recording modest declines during the previous session. XRP is drifting toward the psychologically important $1.00 level, while XLM has slipped below a key support zone.

Weakening derivatives-market indicators are limiting the prospects of an immediate recovery for XLM. Declining long-to-short ratios, negative funding rates and rising open interest suggest that traders are increasingly positioning for further price declines.

 XLM’s long-to-short ratio has fallen to 0.90 on Tuesday, approaching its lowest level in more than a month.

A ratio below one indicates that short positions outnumber long positions, meaning more traders are betting that the assets will decline. The current readings suggest that bearish sentiment is particularly strong among XLM traders.

The falling ratios also indicate that confidence in a near-term rebound is weakening as both assets struggle to recover from their recent losses.

XLM technical forecast: XLM could dip to $0.1500

Stellar (XLM) trades near $0.161 on Tuesday, extending its decline below the short- and medium-term Exponential Moving Averages. The current structure keeps XLM’s near-term outlook bearish as buyers struggle to regain control.

The token remains below the descending trendline breakout level at $0.166, which now acts as immediate resistance. Its Relative Strength Index stands near 35, indicating weak buying momentum without placing XLM in technically oversold territory.

The Moving Average Convergence Divergence indicator also remains below its zero line, reinforcing the downside bias as XLM consolidates beneath its key moving averages.

If a recovery begins, XLM must first reclaim the descending trendline near $0.166. A sustained move above that level could allow buyers to challenge the horizontal resistance at $0.177.

The 50-day EMA at $0.178 and the 100-day EMA at $0.181 create a concentrated resistance zone that could limit further gains. Above these levels, the 200-day EMA at $0.193 represents a broader bearish pivot. Reclaiming this moving average would be necessary to signal a more meaningful change in trend.

On the downside, XLM’s next major support is located at $0.142. A decisive break below this level could accelerate the current decline and expose the token to further losses before buyers attempt to establish a new price floor.

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Key takeaways

• XRP trades around $1.03 after falling more than 5% during the previous week.
• The token remains below its 50-day, 100-day, and 200-day EMAs, maintaining a bearish technical structure.
• An RSI reading near 39 and a negative MACD signal indicate persistent selling pressure.

XRP trades near $1.03 on Monday, recording a modest rebound after declining more than 5% during the previous week.

Despite the intraday recovery, XRP retains a bearish near-term outlook because it remains below all three major Exponential Moving Averages. Weak momentum indicators also suggest that sellers continue to control the broader price trend.

The $1.00 psychological level is now crucial. Buyers must defend this support to prevent another leg lower, while XRP needs to reclaim the 50-day EMA at $1.10 to improve its short-term outlook.

XRP remains below all major moving averages

XRP currently trades below the 50-day EMA at $1.10, the 100-day EMA at $1.18, and the 200-day EMA at $1.37

Trading below all three moving averages reflects weakness across short-, medium-, and long-term time frames.

The positioning also creates a wide zone of overhead resistance. Any XRP recovery is likely to face renewed selling as the price approaches these moving averages.

The 50-day EMA at $1.10 represents the first major test. A sustained daily close above this level would suggest that short-term momentum is beginning to improve.

XRP’s momentum indicators remain bearish despite Monday’s slight recovery. The Relative Strength Index stands near 39, below its neutral midpoint of 50. 

This reading shows that selling pressure remains dominant, although XRP has not yet entered the conventional oversold zone below 30.

The Moving Average Convergence Divergence indicator is also negative, reinforcing the bearish outlook.

Together, the RSI and MACD suggest that XRP’s rebound may remain limited unless buyers return with stronger trading volume. Any short-term rallies could attract selling while the token remains beneath its major moving averages.

XRP approaches critical $1 support

The psychological and horizontal level at $1.00 provides XRP’s most important immediate support.

Buyers may attempt to defend this area because round-number levels often attract increased demand. Holding above $1 could allow XRP to consolidate and make another attempt to reclaim its 50-day EMA.

However, a decisive daily close below $1.00 would weaken the technical structure and could accelerate selling pressure.

The absence of another specified nearby support means that a breakdown could expose XRP to a deeper correction as traders search for the next demand zone.

XRP must break above the 50-day EMA at $1.10 to begin reversing its bearish short-term trend.

The move from $1.03 to $1.10 would require a gain of nearly 7%. Clearing this moving average could encourage buyers to target the 100-day EMA at $1.18.

If XRP breaks above $1.18, the horizontal resistance at $1.30 would become the next upside target.

However, each of these levels could attract profit-taking and renewed selling, making a sustained recovery dependent on strong demand and improving momentum.

The 200-day EMA at $1.37 represents XRP’s most substantial technical barrier. This moving average serves as an important gauge of the broader trend. XRP would need to reclaim it to signal a meaningful shift away from its long-term bearish structure.

Beyond $1.37, the next major resistance is located around $1.90. However, this target remains distant while XRP trades below its nearer moving-average barriers.

For now, the more immediate recovery path runs through $1.10, $1.18, and $1.30.

XRP’s technical outlook remains bearish despite its modest recovery to $1.03. The token’s position below all major moving averages and its weak momentum indicators suggest that sellers retain control. The $1.00 support level will determine whether XRP can stabilize or faces another wave of losses.

Holding above $1 could support consolidation and a recovery toward the 50-day EMA at $1.10. Conversely, a decisive breakdown would confirm renewed bearish momentum and increase the risk of a deeper correction.

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Key takeaways

• Ethereum trades near $1,918 with a mildly bullish short-term outlook.
• ETH holds above the 50-day EMA at $1,864 but remains capped by the 100-day EMA near $1,924.
• The RSI at 56 signals steady buying momentum without overbought conditions.

Ethereum consolidates near $1,918

Ethereum (ETH) trades around $1,918, maintaining a mildly constructive outlook as buyers defend the area above its 50-day Exponential Moving Average (EMA).

The second-largest cryptocurrency is currently caught between the 50-day EMA at approximately $1,864 and the 100-day EMA near $1,924. This narrow range reflects an ongoing battle between buyers seeking to extend the recovery and sellers defending the longer-term resistance level.

Ethereum’s ability to hold above the 50-day EMA suggests that traders continue to buy price declines. However, ETH must decisively overcome the 100-day EMA to establish stronger bullish momentum.

ETH buyers defend the 50-Day EMA

The 50-day EMA at $1,864 provides Ethereum’s most important near-term support. ETH’s position above this indicator signals that the short-term trend is improving and that buyers remain active during pullbacks. 

Continued support above the moving average would preserve the possibility of a breakout toward $2,000.

However, Ethereum remains below the 100-day EMA at $1,924. This moving average has emerged as an immediate barrier and could continue to limit the recovery unless trading volume and buying pressure strengthen.

A sustained daily close above $1,924 would provide an early indication that bulls are gaining control.

Ethereum’s momentum indicators support a cautiously optimistic outlook. The Relative Strength Index stands near 56, above its neutral midpoint of 50. 

This reading points to steady bullish momentum while remaining comfortably below the overbought threshold of 70.

The RSI therefore leaves Ethereum with room to advance before the rally becomes technically overstretched.

Meanwhile, the Moving Average Convergence Divergence line remains slightly negative but continues to improve. This setup indicates that bearish momentum is weakening, although it does not yet confirm a fully established bullish trend.

Together, the RSI and MACD suggest that buyers are gradually strengthening their position.

Ethereum faces its first immediate resistance at the 100-day EMA near $1,924. A decisive move above this level could clear the way toward the psychological and horizontal resistance at $2,000. 

This area will likely represent a significant test because round-number levels often attract increased selling and profit-taking.

A sustained breakout above $2,000 would improve Ethereum’s technical structure and bring the 200-day EMA at approximately $2,124 into focus.

The 200-day EMA is particularly important because it serves as a broader measure of the long-term trend. ETH would need to reclaim this level to signal a more significant bullish reversal.

Ethereum’s recovery faces three major overhead barriers:

• The 100-day EMA at $1,924
• The psychological resistance at $2,000
• The 200-day EMA at $2,124

Breaking through $1,924 would strengthen the short-term outlook, while a move above $2,000 could attract additional buying interest.

However, the 200-day EMA at $2,124 remains the broader trend cap. Failure to clear this moving average could leave Ethereum vulnerable to renewed selling pressure after any short-term rally.

The current pivot area around $1,918 provides Ethereum’s initial support. If ETH loses this level, the 50-day EMA at $1,864 would become the next important defensive zone. Buyers must protect this moving average to preserve the constructive short-term structure.

A decisive break below $1,864 could weaken momentum and increase the risk of a deeper correction. In that scenario, the distant horizontal support at $1,385 could eventually come into focus, although intermediate support levels may slow the decline.

For now, Ethereum maintains a mildly bullish bias above the 50-day EMA. A confirmed close above $1,924 is needed to open the path toward $2,000 and potentially the 200-day EMA at $2,124.

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