Is your SOL safe? What we know about the Solana hack | Find out now on The Market Report

On this week’s episode of “The Market Report,” Cointelegraph’s resident consultants talk about the newest updates regarding the latest Solana (SOL) hack.

To kick issues off, we broke down the newest information within the markets this week:

Bitcoin realized worth bands kind key resistance as bulls lose $24K, vital 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 worth 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, in keeping with a CoinShares report. Is the ETH merge lastly across the nook and can it deliver new all time highs to ETH or has the value already been factored into the present worth?

Circle freezes blacklisted Twister Money sensible contract addresses, Crypto knowledge aggregator Dune Analytics mentioned that, on Monday, Circle, the issuer of the USD Coin (USDC) stablecoin, froze over 75,000 USDC value of funds linked to the 44 Twister Money addresses sanctioned by the U.S. Workplace of Overseas Belongings Management’s Specifically Designated Nationals and Blocked Individuals (SDN) listing. Might this mark the tip for Twister Money or is there a means they will redeem themselves?

Subsequent up is a brand new phase referred to as “Fast Crypto Suggestions,” which goals to present newcomers to the crypto business fast and simple 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 consultants additionally go over some markets information to deliver you updated on the newest concerning the highest two cryptocurrencies.

After Marcel’s market evaluation, our resident consultants talk about whether or not your SOL is protected and the newest updates on the Solana hack. We additionally talk about why the community has been sufferer to so many hacks and downtimes. What precisely do these exploits imply for the Solana platform and if try to be frightened.

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 establish two altcoins that stood out this week: Radicle’s RAD and DigiByte’s DGB.

Do you’ve gotten a query a few coin or matter not coated right here? Don’t fear. Be part of the YouTube chat room, and write your questions there. The particular person with essentially the most attention-grabbing remark or query will likely be given a 1 month free subscription to markets Professional value $100!

The Market Report streams stay each Tuesday at 12:00 pm ET (4:00 pm UTC), so you should definitely head on over to Cointelegraph’s YouTube page and smash these like and subscribe buttons for all our future movies and updates.