Lara and Tiffany Trump’s X Accounts Hacked
Lara and Tiffany Trump’s X accounts were hacked with posts promoting a token allegedly linked to World Liberty Financial. The accounts were quickly locked and the posts were removed. World Liberty Financial warned followers not to click on links from these accounts and said it was working to fix the issue. The extent and impact of the breach are not yet clear.
CFTC Recovers $18 Million From Crypto Ponzi Scheme
The U.S. Commodity Futures Trading Commission (CFTC) has recovered $18 million worth of digital assets from a Ponzi scheme run by Sam Ikkurty. Ikkurty defrauded investors by promising returns from his crypto hedge fund, but lost nearly all of the funds. The court ordered Ikkurty and his associates to pay more than $200 million in restitution and penalties. The CFTC also recovered millions of dollars in stolen assets that could have been lost.
Solana Network Transactions Hit Very Low Levels in August
Solana’s trading volume fell 63% in August, the lowest since September 2023. Despite the decline, some analysts predict that Solana could outperform other cryptocurrencies amid the prospect of a U.S. Federal Reserve rate cut. The declining trading volume highlights potential challenges as well as opportunities for future growth.
Crypto Whales Sold $326 Million Worth of Cardano After Hard Fork
Cardano’s price is facing challenges as crypto whales have sold $326 million worth of ADA following the recent Chang hard fork. Cardano currently appears overvalued, which could lead to price declines. Despite this, there is a possibility of a recovery if Cardano breaks out of the current falling wedge formation, but the timing is uncertain.
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BITCOIN (BTC)
BTC is priced at $56,630 with a 1.49% loss in value as of the morning hours. An increase of up to $65,000 was achieved but could not be sustained. The $59,000 level was broken downwards again. The first support zone is 54,500. As for the resistance level, 57,400 is now a strong resistance zone. With the breaking of this zone, an increase of up to $62,000 can be seen.
ETHEREUM (ETH)
ETH is priced at $2374 with a 2.09% loss in value as of the morning hours. An increase occurred from $2570 to $2820. Permanence could not be achieved at this level. A decrease occurred to $2306. If a breakdown occurs below the $2300 level, pullbacks to $2185 may be seen. If $2500 is broken upwards, pricing up to $2800 may be seen.
RIPPLE (XRP)
XRP is priced at $0.5520 with a 0.93% loss in value as of the morning hours. Permanence above $0.55 seems to have been achieved. A pullback to $0.5322 has occurred. In pullbacks, a pullback to $0.52 may now occur. If pricing above $0.55 continues, increases to $0.60 may be seen.
AVALANCHE (AVAX)
AVAX is priced at $21.44 with a 0.33% increase in value as of the morning hours. There is pricing below $22 again. With the reaction it will receive from the $20 region, an increase of up to $25 may occur. If the pullback deepens, the price may go up to $20.
SOLANA (SOL)
SOL is priced at $127.48 with a 0.05% loss in value as of the morning hours. There was another pullback from $162 to the $127 area. If it reacts from this level, a rise to $137 may occur. If the pullback continues, the $115 area looks strong.
OUNCE GOLD
As of the morning hours, ounce gold is priced at $2495.30 with a 0.10% increase in value. After the ATH was renewed, prices below $2500 were seen. $2505 is now our first resistance zone. If there is a break above this level, ATH can be renewed again. The range between $2470 and $2465 seems strong as strong support in pullbacks.
OUNCE SILVER
Silver is priced at $28.04 with a 0.01% gain as of the morning hours. A break of 29.10 occurred and a retest was given. In the continuation of the rise, an increase of up to $30.73 may occur. In pullbacks, 27.50 and 27.20 appear to be strong supports.
