The crypto market saw a steep wave of liquidations following uncertainty regarding the implementation of the recently announced US-Iran deal. It resulting in over $192 million in leveraged positions being washed away across Bitcoin, Ethereum, and XRP.
Chun's significant asset shift to DeFi highlights a growing trend of moving away from centralized exchanges, emphasizing DeFi's rising influence. F2Pool co-founder Wang Chun withdraws $21M in ETH and WBTC from Binance.
Ethereum is one of the biggest and most important cryptocurrencies, and it won't be going anywhere. But being a holder means accepting some tough realities about how returns are generated with this asset.