Is your SOL safe? What we know about the Solana hack

On this week’s episode of “The Market Report”, Cointelegraph’s resident experts discuss the latest updates regarding the recent Solana (SOL) hack.

To start, we’ve broken down the latest news in the markets this week:

Bitcoin price ranges form key resistance as bulls shed $24,000, significant whale activity between $22,000 and $24,800 adds complexity to the current spot market setup. Bitcoin (BTC) consolidated lower on August 9 after familiar resistance held a multi-month trading range. When are we finally going to break out of this price range and into $30,000?

Institutions Flock to Ethereum for 7 Straight Weeks Ahead of Merger: Report, “Greater clarity” around the merger has driven institutional inflows into Ethereum products, according to a CoinShares report. Is the ETH merger finally imminent 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, Crypto data aggregator Dune Analytics said that on Monday, USD Coin (USDC) stablecoin issuer Circle froze more than 75,000 USDC of linked funds to the 44 Tornado Cash addresses sanctioned by the U.S. 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?

Next is a new segment called “Quick Crypto Tips,” which aims to give newcomers to the crypto industry quick and easy tips on how to get the most out of their experience. This week’s advice: Have funds ready to buy more slowdowns.

Market expert Marcel Pechman then takes a close look at the Bitcoin and Ether (ETH) markets. Are current market conditions bullish or bearish? What are the prospects for the next few months? Pechman is here to break it down. Experts also review some market news to keep you up to date with the latest developments regarding the two major cryptocurrencies.

After Marcel’s market analysis, our resident experts discuss the security of your SOL and the latest Solana hack updates. We also discuss why the network has suffered so many hacks and downtime. What exactly do these exploits mean for the Solana platform and if you should be concerned.

Finally, we have information from Cointelegraph Markets Pro, a platform for crypto traders who want to stay 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 part or a subject that is not covered here? Do not worry. Join the YouTube chat room and post your questions there. The person with the most interesting comment or question will be offered a free one-month Pro Markets subscription worth $100!

The market report is streamed live every Tuesday at 12:00 p.m. ET (4:00 p.m. UTC), so be sure to head over to the Cointelegraph YouTube page and smash the like and subscribe buttons for all our future videos and updates.

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