In Brief After Arbitrum’s recent token unlocking event, approximately 8.95 million ARB tokens, valued at $16.4 million, were transferred to Binance. This move, often interpreted as bearish in the crypto market, coincided with a broader downturn, causing ARB’s price to drop to $1.62. Despite the price decline, Arbitrum remains a dominant force in the Ethereum…
Read more
In Brief Arbitrum’s native cryptocurrency ARB witnessed a decline amidst anticipation surrounding two pivotal events. As investors brace for a major token unlock event, Arbitrum’s price performance has come under scrutiny. Notably, two whales offloaded approximately 3 million tokens, yielding a substantial profit of more than $3 million. Arbitrum, a prominent Layer-2 network built on…
Read more
Several Ethereum scaling solutions have emerged over the past few years, with Optimism and Arbitrum among the more popular ones. So, which one packs more punch when it comes to making transactions faster, reducing gas fees, and offering a seamless user experience on the Ethereum network? We explore these elements in detail in this comprehensive…
Read more
In a nutshell a bug causes Arbitrum, an Ethereum L2 scaling solution, to stop processing transactions. The occurrence shows the organization’s weakness to issues with a solitary pipeline. L2 scaling arrangements like Arbitrum and Hopefulness demonstrate strength despite the mishap. Arbitrum, an Ethereum layer-2 (L2) scaling solution, halted transaction processing on June 7 due to…
Read more
Peckshield, a blockchain security company, reported on March 31 that over a million Arbitrum (ARB) tokens had been stolen by two malicious individuals. The report says that an exploiter-connected wallet called “0xbd4E” bridged 933,375 ARB to 713 Ethereum (ETH), which is worth $1.27 million, and connected those tokens to the Ether mainnet. The stolen 105,000…
Read more
Briefly the Nansen dashboard indicates that almost 1 billion Arbitrum tokens have been claimed. A fake link was posted on the project’s discord channel. On Uniswap, over $24,000 in trading volume was generated by a fictitious ARB token. On March 23, the Ethereum layer2 scaling solution Arbitrum successfully distributed its tokens to users. Since then,…
Read more
In a nutshell traders mistakenly bought a dead token called ARbit under the name Arbitrum token (ARB). Thus, the ARbit token increased by 2000%. The airdrop from Arbitrum has sparked excitement in the cryptocurrency community. In error, cryptocurrency traders have been pumping a dead token called Arbit under the name Arbitrum. Today, the latter is…
Read more
