Stability DAO says it has identified two CrediX Finance team members and is working with other projects and authorities to recover the stolen funds.

CrediX Finance team disappears after $4.5M hack

CrediX Finance hack may have actually been an exit scam, as the team abandons 
the project.

Was CrediX an exit scam? Team goes dark after $4.4m exploit

Bitcoin could challenge the $120,000 to $123,218 resistance zone but crossing 
it may be a tough ask for the bulls.

Price predictions 8/8: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, XLM, SUI

Block&#8217;s new mining chips could accelerate Bitcoin&#8217;s role as a global currency, 
enhancing transaction efficiency and financial decentralization.
The post Jack Dorsey&#8217;s Block set to release new Bitcoin mining chips next week 
appeared first on Crypto Briefing.

Jack Dorsey’s Block set to release new Bitcoin mining chips next week

Cardano (ADA) is showing renewed strength on lower timeframes, with a short- 
term surge lifting the price above key moving averages. However, this momentum 
now faces a critical test as mid-term resistance levels come into play. Will 
the bulls maintain control, or is a reversal on the horizon? ADA Pushes Above 
Key EMAs: Bulls Seize Short-Term Momentum Analyst Cexscan on X pointed out 
that Cardano (ADA) is exhibiting a bullish trend on the 30-minute chart. The 
asset’s price has surged above the 20, 50, and 100-period Exponential Moving 
Averages (EMAs), indicating rising buying interest and momentum among short- 
term traders. Related Reading: Cardano (ADA) Targets $0.80 As Price Retests 
Key Level – Is An 85% Jump Ahead? Adding further strength to the outlook is 
the Relative Strength Index (RSI), which currently sits in overbought 
territory. While this typically signals a possible pause or minor retracement, 
Cexscan believes that the strong bullish pressure evident in price action 
could override such a correction in the short run, as long as volume remains 
healthy. Overall, the combination of bullish EMAs, elevated RSI, and sustained 
momentum paints an optimistic picture for ADA. Cexscan emphasized that if the 
current trajectory holds, Cardano could continue its upward path, with 
intraday opportunities unfolding along the way. Cardano Caught In A Tight 
Range: Will The Breakout Come Soon? Thomas Anderson, analyzing Cardano’s 
4-hour chart in a recent update, pointed out that the price was moving 
sideways around the $0.3374 zone. This consolidation is occurring between a 
defined resistance at $0.7612 and support at $0.6874, both marked with yellow 
horizontal lines. The market appears to be taking a breather, potentially 
gearing up for a more decisive move. Related Reading: A Breakout To Remember: 
Cardano Price Mirrors Market Conditions That Led To $3.10 ATH Adding to the 
picture is the 200-period Moving Average, highlighted in red, which sits just 
above the current price and acts as a dynamic resistance level. This moving 
average has repeatedly blocked bullish attempts, making it a crucial hurdle to 
watch. A clean break above it could be a major trigger for renewed buying 
interest. On the broader daily timeframe, Anderson observed that Cardano 
remains trapped within a larger consolidation pattern. The RSI indicator is 
hovering around 51, reflecting a neutral stance, while the MACD indicator is 
also showing little directional bias. This reinforces the view that the market 
is waiting for a breakout catalyst before choosing its next path. Anderson 
concluded by focusing on the ascending trendline resistance as a key technical 
level. A strong push above that line could pave the way for intraday gains, 
especially for scalpers. However, if ADA gets rejected at that level, it may 
head back toward the lower end of the range, offering potential shorting 
opportunities for traders watching closely. Featured image from Pixabay, chart 
from Tradingview.com

Cardano Short-Term Surge Meets Mid-Term Resistance – What’s Next?

With ether brushing up against the $4,000 mark on Friday and a host of other 
alternative digital assets racking up hefty gains, the Altcoin Season Index 
(ASI) data points to a climb toward the much-talked-about stretch of altcoin 
dominance. ASI Jumps, 565 X Posts Hint at Brewing Altcoin Fever Plenty of 
market watchers believe the […]