EXOLO News, TON Onchain Data,Pavel Durov's Arrest,Bitcoin Analysis

Week in Review

Key Highlights in Crypto and Economy

• Telegram: Founder Pavel Durov arrested in France; TON crypto drops 14%.
• Goldman Sachs cuts US recession risk to 20%, showing a brighter economic outlook.
• Bitcoin: 75% of all available Bitcoin has been held by investors for over six months.
• BlackRock & Fidelity: Spot Bitcoin ETFs rank in the top 15 global ETF inflows, signaling strong institutional interest.
• Coinbase: BASE blockchain surpasses 4 million active users, marking significant growth.
• Tether (USDT) halts blockchain launch due to market conditions.
• Fed Chair Jerome Powell at Jackson Hole reaffirms commitment to 2% inflation target, hints at possible rate hikes.
• FOMC minutes suggest rate cuts likely in September.
• Kamala Harris officially accepts Democratic nomination; campaign raises $540 million.

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Technicals & Macro Update

BTCUSD

We’ve broken out of the wedge, trending toward the 66,000 range. Recent macro events, particularly Powell’s dovish remarks about lower rates, suggest a cut is coming next month. Bond traders are speculating on the size, but the dovish tone is clear despite expected volatility.

Geopolitical unrest in the Middle East, with Israel attacking Hezbollah, could pose inflationary risks and negatively impact global growth. However, the market's current sentiment and momentum suggest a positive outlook this week unless the crisis escalates. A wildcard could be Kamala Harris pushing favorable crypto policies if elected.

Key levels: 50,000 / 55,000 / 66,000 / 72,000 / 73,794 (ATH!)

ETHUSD Despite positive risk sentiment, we remain short-biased on ETHBTC due to potential U.S. election impacts on BTC. However, a staking ETF launch could alter risk allocation in crypto. Technically, ETH may trend higher from current levels if geopolitical risks remain contained.

Key levels: 2,100 / 2,800 / 3,600 / 4,000

Educational Spotlight with EXOLOGY

How to Protect Your Cryptocurrency Investments

Securing your cryptocurrency is crucial in our rapid digital era. With its growing popularity and value, crypto draws more cyber criminals. It’s essential to safeguard your digital assets. Our article, ‘How to Protect Your Cryptocurrency Investments,’ offers easy, effective methods for security, from choosing secure wallets to dodging scams.

?Read the full article here

TON On-chain Data?

Pavel Durov's Arrest. What's next for $TON?

"Here are the three most significant changes in the data:?

- The price dropped from $6.8 to $5.2, representing a decline of over 22%.

- The network (master and workchains) are normally producing blocks.

?- Open Interest increased from approximately $200 million to $360 million, an 80% increase.

What to Watch:

• Tuesday: US CB Consumer Confidence Report
• Thursday: German Preliminary CPI, US GDP, and Unemployment Claims
• Friday: Canadian GDP and US Core PCE Price Index

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