Is your SOL secure? What we all know concerning the Solana hack

Is your SOL secure? What we all know concerning the Solana hack

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Read Time:2 Minute, 45 Second

On this week’s episode of “The Market Report,” Cointelegraph’s resident specialists talk about 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 worth bands type 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 get away of this worth vary and make the transfer in the 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 line 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 worth already been factored into the present worth?

Circle freezes blacklisted Twister Money good contract addresses, Crypto knowledge 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 Belongings Management’s Specifically Designated Nationals and Blocked Individuals (SDN) checklist. May this mark the tip for Twister Money or is there a method they will redeem themselves?

Subsequent up is a brand new phase referred to as “Fast Crypto Ideas,” which goals to present newcomers to the crypto trade 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 knowledgeable Marcel Pechman then fastidiously examines the Bitcoin and Ether (ETH) markets. Are the present market situations bullish or bearish? What is the outlook for the subsequent few months? Pechman is right here to interrupt it down. The specialists additionally go over some markets information to deliver you updated on the most recent concerning the highest two cryptocurrencies.

After Marcel’s market evaluation, our resident specialists talk about whether or not your SOL is secure and the most recent 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 you have to be fearful.

Lastly, we’ve bought insights from Cointelegraph Markets Professional, a platform for crypto merchants who need 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’ve a query a couple of coin or subject not lined right here? Don’t fear. Be part of the YouTube chat room, and write your questions there. The individual with essentially the most attention-grabbing remark or query shall be given a 1 month free subscription to markets Professional price $100!

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

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