"I should have bought it" is a news podcast with the editorial staff of ForkLog about the main industry events of the week and the "hottest" tokens.
Topics: sudden market collapse, activation of major players, updates on "hamster", Trump vs Kamala, TON listing on Binance.
Participants: ForkLog authors Lena Jess and Alex K., editor of the AI direction Vladimir Sleeper.
First $50,000, then $60,000
The outgoing week began with a market collapse: on the night of August 5, the first cryptocurrency collapsed by almost 13%, testing support at $49,000.
Following bitcoin, other digital assets from the top 10 went into the "red zone". Ethereum fell by 22%, failing $ 2,300. Solana sank below $120 (-39%), BNB traded at $430 (-29%), and TON — about $5.1 (-25%).
Many experts, including 10x Research and Bernstein, agreed that the collapse was the result of fears of a recession in the United States and instability in the markets.
However, on August 9, the first cryptocurrency broke through the $60,000 mark. Following digital gold, other assets from the top 10 also entered the "green zone".
Buy and HODL!
During the fall of the cryptocurrency market on August 5-6, bitcoin whale transactions reached their highest level since April. Mostly wallets with balances from 10 BTC to 1000 BTC were replenished with coins.
On these dates, 28,319 transactions worth more than $100,000 and 5,738 in excess of $1 million were completed.
According to CryptoQuant calculations, the balance of wallets of long-term investors of digital gold has been replenished by 404,448 BTC ($23 billion) over the past 30 days.
Criticism from Nassim Taleb
Peter Schiff's like—minded writer Nassim Taleb did not fail to criticize bitcoin against the background of its correction. The author of the "Black Swan" and the term "Antifragility" stated that the first cryptocurrency is bad in the context of protection against systemic collapse.
"Bitcoin has once again proved that it does not insure against the melting of your assets," Taleb noted.In his opinion, the first cryptocurrency proved to be worse than other financial instruments, existing mainly for "tracking the stock market."
What about the "hamster"?
According to Inal Cardan of the TON Foundation, the share of active players in Telegram has grown from 1% to 20% over the past year. The messenger has approached 1 billion users thanks to games like Notcoin and Hamster Kombat.
The developers of the latter have updated the AirDrop section, adding information about the factors that will affect airdrop.
User activity is converted into points, which will be taken into account during the distribution of future application tokens. However, the official Telegram channel emphasizes that not all criteria have been described so far.
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