YFI token saga, dYdX attack, Bitcoin fees and ETFs, and Javier Milei wins

It was a busy weekend in crypto! A fascinating saga has unfolded after Yearn.finance’s YFI token plummeted 43% in five hours, causing chaos and FUD and prompting the founder of the dYdX exchange to call it a targeted attack. Running parallel are multiple stories impacting Bitcoin in all directions, from warnings around ETF filings to skyrocketing fees and Argentina’s new Bitcoin-friendly president, Javier Milei.

Further reading:

• BlackRock’s spot Bitcoin ETF is looking likely to be approved, but the BitGo CEO has a warning
• Yearn.finance saw its YFI token plummet 43% in five hours, sparking exit scam rumors
• The dYdX exchange claims the YFI token movement is part of a targeted attack against it
• Bitcoin’s total daily fees have consistently flipped Ethereum for the first time in years
• Javier Milei wins the Argentine presidential election, and he has a lot to say about Bitcoin

References:
Latin America: Venezuela and Argentina Stand Out as Examples of Crypto’s Unique Utility

So, grab yourself a coffee, and let’s get into it!

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