Airdrop claims help Arbitrum process twice Ethereum’s transaction in 24 hours

Ad Network activity on layer-2 network Arbitrum (ARB) reached a new all-time high of 2.7 million transactions on March 23 — doubling that of the Ethereum (ETH) mainnet. According to Dune analytics data, ETH mainnet processed 1.07 million transactions — while rival layer-2-solution Optimism recorded 228,684 transactions. Arbitrum Daily Transactions (Source: Dune Analytics) On March … Read more

Over 300M Arbitrum ARB tokens claimed; price plunges 90%

Ad Arbitrum’s newly airdropped token ARB price dropped by around 90% to $1.20 as investors rapidly dumped their token, according to CryptoSlate’s data. During the first hour of its claim, the ARB token traded for $3.99 on decentralized exchange (DEX) Uniswap and above $5 on centralized exchanges like KuCoin, Kraken, and OKX. During the period, … Read more

Circle CEO says ‘aggressive regulatory actions’ on crypto caused ‘deep market anxiety’

Ad Circle CEO Jeremy Allaire has warned about the risks facing the crypto market due to exposure to the U.S. Dollar and the regulatory risk in the U.S. financial system. In a March 23 Twitter thread, Allaire said there “seems to be a large-scale risk-off from USD that is exposed to US banks and US … Read more

North Korean Lazarus Group tries to phish Euler exploiter

Ad A wallet connected to the Ronin bridge exploiter sent 2 Ethereum (ETH) — worth $3,586 — to Euler Finance (EUL) hacker on March 17, according to on-chain data. The transaction was attached with a message urging the Euler Finance hacker to decrypt an encrypted message. Polygon’s chief information security officer Mudit Gupta said the … Read more

Arbitrum to airdrop 112.8M ARB tokens to DAOs on its ecosystem

Ad Ethereum layer2 solution Arbitrum would airdrop 112.8 million ARB tokens to 137 decentralized autonomous organizations (DAOs) on its ecosystem on March 23. Arbitrum says airdrop is not a retroactive grant In a March 21 Twitter thread,  Arbitrum said the airdrop was not a retroactive grant. Instead, it was a way of empowering the sub-communities … Read more

Binance CEO highlights USDT growth amidst rival issues

Ad Binance CEO Changpeng “CZ” Zhao highlighted how Tether’s USDT has grown amidst the issues plaguing its rivals. In a March 21 tweet, Zhao described how Binance USD (BUSD) was forced to stop other mints despite being regulated by the New York authorities and audited by “big audit firms.” According to him, BUSD was “the most fiat-backed … Read more

Arbitrum’s weekly DEX volume touches new ATH

Arbitrum’s decentralized exchange (DEX) transactions volume rose to a new all-time high (ATH) in each of the last two weeks, according to DeFillama data. Over the past seven days, DEX transactions increased 32.41% to $4.34 billion. For the week starting March 5, transaction volume on Arbitrum had surged to $3.28 billion. Arbitrum’s Weekly DEX Volume … Read more

Euler Finance hacker sent 100ETH to Ronin Bridge exploiter

Euler (EUL) Finance exploiter sent 100 Ethereum (ETH) — worth $170,468 — to the Ronin Bridge exploiter on March 17. On-chain analyst Lookonchain questioned whether the transaction showed that the two hackers were the same person or if the transfer was intentional. The Ronin Bridge exploit was linked to the infamous North Korean hacker group … Read more

Lido expects staked Ethereum withdrawals in May

Liquid staking protocol Lido (LDO) has set a May target for staked Ethereum (stETH) withdrawals. The protocol explained that its timeline was affected by the ongoing audits of its V2 platform. Lido spent $1.2 million on seven audits In a March 14 Twitter thread, the DeFi protocol said it had spent $1.2 million on seven … Read more