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If you've been keeping up with the latest news on Bitcoin, then you'd know what a rollercoaster ride it has been recently.

But guess what? It's making a strong comeback!

Here’s what we got for you today:

• 🤩 Bitcoin bounces back!

• 👺 Cyberattack Hits Paris 2024 Olympics Venue!

• 🧱 Around The Block: Ethereum staking hits record high amid market decline.

🤩 Bitcoin Bounces Back!

On August 5, Bitcoin opened at $58,110, dropped to $49,781, and closed at $55,800.

But after taking that big dip below $50,000 and losing a whopping $250 billion in market value in just one day, Bitcoin has bounced back by 13%!

What's behind this sudden change in fortune?

Well, it turns out the US market stepped in with some solid support, giving Bitcoin the boost it needed.

Not to mention a frenzy of buying activity on Coinbase, which saw their tradeex volumes rocket to $8.1 billion—the highest since mid-March 2024!

 But hey, it's not just Bitcoin that's making a comeback—even the macro markets are bouncing back!

Japan's stock market has rebounded by 9% following a 12% drop, and even US futures are looking up!

But let's not get too comfy just yet. In fact, the VIX (a measure of market volatility) still remains high.

And although experts like Matt Hougan from Bitwise Asset Management see this as a prime opportunity to buy.

But truth be told, we're not quite out of the woods yet – at least not until we get more clarity on the policies of the Federal Reserve and Bank of Japan.

And if that weren't enough to keep us on the edge of our seats, there are rumors swirling about a potential emergency rate cut.

But that seems unlikely, as it could tarnish the Fed's reputation, stir up market panic, and escalate fears of an impending recession.

I don't know about you, but I find all this market action to be pretty thrilling!

If you'd like to dive into the full details, you can check them out here!

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👺 Cyberattack Hits Paris 2024 Olympics Venue!

Hackers are up to no good again, and this time, they've set their sights on the Grand Palais Museum, a Paris 2024 Olympics venue hosting fencing and martial arts.

Along with more than 30 other museums in France!

The French newspaper Le Parisien reported the attack was detected by the Grand Palais’ IT director, who spotted some strange activity on the night of August 3-4.

And upon investigation, uncovered a ransomware attack targeting the computer systems used to “centralize financial data”

So, he notified the French cybersecurity agency (ANSSI), that’s the body in charge of cybersecurity for the Olympics, which is now working with the French Anti-Cybercrime Brigade (BL2C) on the case.

What do the hackers want?

They are demanding a cryptocurrency ransom be paid within 48 hours, or else they will leak the museums’ financial data.

However, the ransom amount, specific cryptocurrency, and whether or not it will be paid are still unknown.

But we do know that French authorities are investigating the situation, and thankfully, the Olympic events remain unaffected.

Find out more about this gripping story here!

🧱 Around The Block

• Ethereum staking hits record high amid market decline.

• Institutions are 'buying the dip' as crypto finds a footing following the recent market slump.

• BREAKING: BlackRock files for options on spot Ethereum ETFs.

• Devs to launch new DeFi and smart contract solution on Bitcoin.

• Crypto market hits ‘extreme fear’, surpassing FTX collapse lows.

That's all we've got for you today.

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Catch you soon.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.