The Market Roundup: Week of August 8
- This week’s market snapshot
- Goerli testnet successfully merged to proof-of-stake
- Coinbase reports significant losses in second quarter filing
- Tornado Cash saga
- Curve Finance front end compromised
- BlackRock launches Bitcoin trust
Ethereum eclipsed $2,000 late last week and has had 75%+ gains in the last 30 days, while Bitcoin is trading sideways. With the Merge right around the corner, investors are showcasing bullish sentiment.
Correlation to the traditional markets remains strong and volatility is high. One thing to note is Ethereum funding rates are up which basically means people are levering up…