Arbitrum

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Arbitrum Faces Potential Volatility As Token Unlock Event Looms

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The impending token unlock event scheduled for April 16 poses a significant risk to Arbitrum (ARB) investors, as the market braces for potential price fluctuations. These unlock events are notorious for triggering substantial volatility in cryptocurrency markets, given the uncertainty surrounding their aftermath. On April 16, 2024, a staggering 92.65 million ARB tokens, representing 3.49% … Read more

Arbitrum ARB Faces Declining Prices Amidst Concerns Over Upcoming Token Unlock

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Investors are closely monitoring the trajectory of Arbitrum (ARB) as its price continues to decline across all timeframes, experiencing a further 7% drop in the past 24 hours.  The looming unlock event scheduled for April 16, where approximately 92.65 million ARB tokens are set to be distributed to advisors, team members, and investors, has sparked … Read more

Arbitrum Outpaces Ethereum in Daily Transactions Amidst L2 Networks’ Surge 

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Recent statistics reveal that the layer two (L2) network Arbitrum has experienced a significant increase in daily transactions. On Tuesday, the network’s daily transactions even exceeded those on the Ethereum platform. Additionally, following Ethereum’s Dencun upgrade, other L2 networks such as Optimism have also witnessed an uptick in activity. Arbitrum Transfers Spike Metrics indicate that … Read more

Whales Continue To Move ARB Tokens Amid Market Decline

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In the wake of the recent release of approximately 1.1 billion ARB tokens, significant movement of these tokens by whales onto exchanges has contributed to a notable decline in the market value of Arbitrum, a leading layer-2 Ethereum scaling solution.  Over the past week, the platform has experienced a substantial loss of up to 20% … Read more

Phishing Scammers Stole $47 Million From 57,000 Victims in February Alone — Report

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Nearly $47 million was stolen from approximately 57,000 crypto users by criminals who use phishing scams to lure victims. The Scam Sniffer data highlights that most of the thefts occurred on the Ethereum chain, with ERC-20 tokens being the most targeted. Unlike in January, the number of victims who lost digital funds exceeding $1 million … Read more

Arbitrum (ARB) Faces Major Unlocking Event Amidst Exchange Activity

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Arbitrum (ARB) enthusiasts are bracing themselves for a significant unlocking event scheduled for March 16th. This event will mark the release of a whopping 1.1 billion tokens, accounting for a substantial 76% of the total circulating supply. Investors and the project team will be the primary beneficiaries of this sizable token distribution. The anticipation surrounding … Read more

Arbitrum Proposal to Fund Tornado Cash Developers Defense Withdrawn

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A proposal aiming to contribute to funding the legal defense of the developers of Tornado Cash, the Ethereum-based mixing platform, was removed by the Arbitrum community over apparent legal concerns. Devansh Mehta, lead of the working group of the Arbitrum treasury, criticized the move, stating that there was “absolutely nothing wrong with paying for the … Read more

Arbitrum (ARB) Showcases Strong Momentum Amid General Market Sentiment 

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The trajectory of Arbitrum (ARB) is currently under intense scrutiny, fueled by recent data revealing a remarkable surge of over 95% in the past month. The cryptocurrency community is abuzz with discussions, particularly regarding potential airdrop-related influences on the ARB token’s price. Arbitrum, a prominent Ethereum Layer 2 scaling solution, faced a dip in its … Read more