On this week’s episode of “The MarketReport“, experts from the Cointelegraph team discuss the latest updates related to the recent Solana (SOL) hack.
To kick things off, we break down this week’s latest market news:
Realized Bitcoin price bands form key resistance as bulls drop $24,000, significant whale activity between $22,000 and $24,800 adding to the complexity of the current spot market setup. Bitcoin (BTC) consolidated lower on August 9 after known resistance preserved a multi-month trading range. When will we finally break out of this price range and move towards $30,000?
Institutions flock to Ethereum for 7 straight weeks as merger nears, Report says, “Increased clarity” around the merger has driven institutional inflows into Ethereum products, according to a CoinShares report. Is the ETH meltdown finally around the corner and will it bring new all-time highs to ETH or has the price already been factored into the current price?
Circle Freezes Blacklisted Tornado Cash Smart Contract Addresses Cryptocurrency data aggregator Dune Analytics said that on Monday, Circle, the issuer of stablecoin USD Coin (USDC), froze over 75,000 USDC of pegged funds to the 44 Tornado Cash addresses sanctioned by the US Office of Foreign Assets Control’s Specially Designated Nationals and Blocked Persons (SDN) list. Could this mark the end of Tornado Cash or is there a way to redeem yourself?
Below is a new segment called “Quick Crypto Tips”, which aims to give newcomers to the cryptocurrency industry quick and easy tips to get the most out of their experience. This week’s tip: have some funds ready to buy cheap.
Below, market expert Marcel Pechman takes a closer look at the derivatives markets for Bitcoin and Ether (ETH). Are the current market conditions bullish or bearish? What are the prospects for the coming months? Pechman is here to break it down. Experts also run through some market news to bring you up to date on the latest developments in the top two cryptocurrencies.
After Marcel’s market analysis, our experts discuss whether your SOLs are safe and the latest updates on the Solana hack. We also discuss why the network has been the victim of so many hacks and crashes. What exactly do these attacks mean for the Solana platform and should it be cause for red flags?
Lastly, we have the opinion of Cointelegraph Markets Pro, a platform for cryptocurrency traders who always want to be one step ahead of the market. Analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week: Radicle’s RAD and DigiByte’s DGB.
Do you have a question about a coin or topic that hasn’t been covered here? Don’t worry. Join the YouTube chat room and write your questions there. The person with the most interesting comment or question will receive a free 1-month subscription to markets Pro worth $100.
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