On this week’s episode of “The Market Report,” Cointelegraph’s resident specialists focus on the most recent updates regarding the latest Solana (SOL) hack.
To kick issues off, we broke down the most recent information within the markets this week:
Bitcoin realized value bands kind key resistance as bulls lose $24K, important whale exercise between $22,000 and $24,800 provides to the complexity of the present spot market setup. Bitcoin (BTC) consolidated decrease on Aug. 9 after acquainted resistance preserved a multi-month buying and selling vary. When will we lastly escape of this value vary and make the transfer in direction of $30K?
Establishments flocking to Ethereum for 7 straight weeks as Merge nears: Report, “Larger readability” across the Merge has pushed institutional inflows into Ethereum merchandise, based on a CoinShares report. Is the ETH merge lastly across the nook and can it carry new all time highs to ETH or has the worth already been factored into the present value?
Circle freezes blacklisted Twister Money good contract addresses, Crypto information aggregator Dune Analytics stated that, on Monday, Circle, the issuer of the USD Coin (USDC) stablecoin, froze over 75,000 USDC price of funds linked to the 44 Twister Money addresses sanctioned by the U.S. Workplace of International Property Management’s Specifically Designated Nationals and Blocked Individuals (SDN) record. May this mark the tip for Twister Money or is there a manner they’ll redeem themselves?
Subsequent up is a brand new section known as “Fast Crypto Suggestions,” which goals to provide newcomers to the crypto business fast and straightforward tricks to get essentially the most out of their expertise. This week’s tip: Have some funds prepared to purchase additional downturns.
Market professional Marcel Pechman then rigorously examines the Bitcoin and Ether (ETH) markets. Are the present market situations bullish or bearish? What’s the outlook for the subsequent few months? Pechman is right here to interrupt it down. The specialists additionally go over some markets information to carry you updated on the most recent concerning the highest two cryptocurrencies.
After Marcel’s market evaluation, our resident specialists focus on whether or not your SOL is protected and the most recent updates on the Solana hack. We additionally focus on why the community has been sufferer to so many hacks and downtimes. What precisely do these exploits imply for the Solana platform and if you need to be anxious.
Lastly, we’ve obtained insights from Cointelegraph Markets Professional, a platform for crypto merchants who wish to keep one step forward of the market. The analysts use Cointelegraph Markets Professional to determine two altcoins that stood out this week: Radicle’s RAD and DigiByte’s DGB.
Do you will have a query a few coin or subject not lined right here? Don’t fear. Be a part of the YouTube chat room, and write your questions there. The individual with essentially the most attention-grabbing remark or query will likely be given a 1 month free subscription to markets Professional price $100!
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