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Happy Thursday, Zingernation! Another month, another crypto exchange hack. This time, WazirX had $230 million stolen, including in several memecoins.

Today, we look at why Shiba Inu’s price is down when burn rates are up, what is going on with Marathon Digital and more.

Plus, our partner reveals the world’s most bizarre trading strategy.

MARKET SNAPSHOT

TOP STORY

'Dogecoin Killer' Shiba Inu Burn Rate Up 875% But Price Down 10%: What Is Going On?

Briefly: Shiba Inu is under pressure by a hack of Indian crypto exchange WazirX but still enjoys positive fundamental indicators.

So Basically: Shiba Inu is releasing a new game on Shibarium and its burn rate is surging by over 800%.

So Then: Lookonchain data shows the hacker of Indian crypto exchange WazirX selling 35 billion SHIB, worth $618,000.

So What: In the past 24 hours, SHIB is down 9.6%, reducing its weekly gains to 4.2%.

Read the entire scoop here.

TOGETHER WITH TIM

2:59 PM Friday - Place This Trade

This Millionaire trader’s best performing strategy is the most bizarre thing I’ve ever seen.

Step 1: He looks for a specific catalyst in the news on Friday. 

Step 2: He places one simple trade around 2:59 pm.

Step 3: And if all goes to plan… He cashes in on Monday.

He’s used this simple 3-step strategy to make $8,780… $9,518… and even $16,159 on the weekend. And his new exclusive training will show you exactly how to do it yourself. 

He usually only offers this training to his students for over $2,000 a year. But right now for a very limited time, he’s offering it for just $7!

>>Discover the World’s Most Bizarre Trading Strategy Here.

FIVE ZINGERS

Breached: Indian crypto exchange WazirX suffered a serious breach, getting hacked for $230 million. Here’s what coins the hacker stole.

Violent: Is Dogecoin finally ready for the violent upside move traders are hoping for? Here’s what we found out.

Targets: Bitcoin’s mid-term target has been the topic of ongoing debate among traders. Here’s the 3 points you have to know about it.

Irrelevant: Mark Cuban thinks it won’t matter for Bitcoin’s price whether Trump gets elected or not. Here’s what else he had to say about Bitcoin.

Upgrade: Polygon’s MATIC will soon become the POL token. Here’s everything you need to know about that upgrade.

TOGETHER WITH TIM

2:59 PM Friday - Place This Trade

This Millionaire trader’s best performing strategy is the most bizarre thing I’ve ever seen.

Step 1: He looks for a specific catalyst in the news on Friday. 

Step 2: He places one simple trade around 2:59 pm.

Step 3: And if all goes to plan… He cashes in on Monday.

He’s used this simple 3-step strategy to make $8,780… $9,518… and even $16,159 on the weekend. And his new exclusive training will show you exactly how to do it yourself. 

He usually only offers this training to his students for over $2,000 a year. But right now for a very limited time, he’s offering it for just $7!

>>Discover the World’s Most Bizarre Trading Strategy Here.

FINTECH FOCUS

What's Going On With Bitcoin Mining Stock Marathon Digital?

Briefly: Marathon Digital is trading higher Thursday after falling more than 4% on Wednesday.

What Happened: Bitcoin mining stocks have actually been on the upswing in recent sessions alongside a rebound in bitcoin. Wednesday’s pullback appears to be a healthy breather.

What Else: Marathon Digital on Thursday scheduled its second-quarter financial results for Aug. 1. The company is expected to report a loss of 14 cents per share and revenue of $157.84 million

Why It Matters: Marathon Digital noted that it has increased its total bitcoin holdings to 18,536 coins. The company also highlighted its cash and bitcoin balance of $1.4 billion as of June 30.

Read the full scoop here.

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