Welcome back to Crypto Daily, where I break down the top happenings in the crypto industry!
Today, we're diving deep into a whirlwind of crypto headlines that are making waves in the market. Bitcoin is facing an extreme liquidation event on its Futures Open Interest, and for the first time since January, it's trading below both its 200-Day and 200-Week Moving Averages.
This is a significant shift for traders to note.
In other exciting news, Thorchain has introduced a lending feature for L1 tokens, marking a groundbreaking update for the platform.
On the political front, as we look ahead to the 2024 elections, Trump has hinted at potentially replacing Jerome Powell if he's elected. What could this mean for the financial landscape?
Rumors are also circulating about a possible Ethereum ETF on the horizon, and we'll delve into its potential implications for investors.
Lastly, we'll touch on the HBD balance in savings, which continues its upward trajectory. Join us as we decode these developments in the world of cryptocurrency.
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Return from Bitcoin's 2nd Largest Liquidation Event, ETH ETF is Pending Approval?! to khaleelkazi's Web3 Blog
