Is GameStop Going to Make a Comeback?
Robinhood has announced that it is easing restrictions on the purchase of GME shares. Now, the trading app’s users will be able to buy 100 shares of GameStop instead of 20. It remains to be seen whether this will be enough to reverse a dramatic decline in the stock price. Instant deposits for crypto purchases also appear to have been re-enabled.
ETH Transaction Fees Are Through the Roof
Average transaction fees on the Ethereum blockchain have now hit $23.37 — almost seven times higher than where they were at the start of the year. Some exchanges are buckling under the strain of these gas fees, with the Liquid trading platform suspending ETH withdrawals altogether.
Millions Stolen in Yearn.Finance Exploit
A yearn.finance vault has been exploited — with $11 million lost and the attacker walking away with $2.8 million. YFI took a tumble as news of the hack emerged, with the governance token plunging from $34,716 to $30,231. It appears that a AAVE flash loan was used. Blockchain intelligence firms have been warning that DeFi hacks are on the rise.
Jack Dorsey is Running a Bitcoin Node
Twitter CEO Jack Dorsey has revealed that he’s running his very own Bitcoin node. This is the software that keeps the BTC blockchain ticking over — storing every transaction that’s ever been made on the network. The long-time fan of Bitcoin told one of his followers that he’s running the node on an Apple computer with an M1 chip.
