The bulk majority of ARB token holders have voted against a proposal demanding the return of 700 million ARB tokens to the Arbitrum DAO Treasury. The final results, which come after a seven-day voting period that started on April 8, show that more than 84% of ARB token holders rejected the Arbitrum Improvement Proposal AIP-1.05…. Read More:…
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The cryptocurrency market has experienced a notable upswing, primarily driven by recent inflation data and a significant Ethereum network upgrade. Bitcoin, which has surged 80% this year, hit an intraday high of $31,046 earlier today, a level not seen since June of the previous year–mprompting speculation of a new bull market. In light of this…
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In the past 20 days, the Arbitrum blockchain has recorded a significant number of transactions coinciding with the recent ARB airdrop that occurred on March 23. About two weeks ago, on that day, the Arbitrum network recorded an all-time high of 2.72 million transactions settled in 24 hours. L2 Network Arbitrum Records 2.72 Million Transactions…
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The Arbitrum Foundation has made a couple of new governance proposals following the fracas that occurred over its first attempt. The Arbitrum Foundation has released a raft of new improvement proposals following the fracas that ensued after its first failed attempt at governance. On April 5, Ethereum layer-2 solutions provider Arbitrum posted new Arbitrum Improvement…
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Following a much-hyped airdrop, ARB surged to an all-time high of $11.80, only to experience a sharp drop – currently trading at $1.21, reflecting a significant 90% decline from its peak. This massive pullback is mainly attributed to an overwhelming selling pressure caused by the ‘buy the rumors sell the news narrative.” Investors positioned themselves…
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The Arbitrum Foundation has backtracked on a controversial proposal and ratification vote that gave it control of a huge chunk of tokens. Ethereum layer 2 solutions provider Arbitrum has backtracked on its governance voting system following community backlash from token holders. On April 2, the Arbitrum Foundation tweeted that its first governance proposal, AIP-1, “likely…
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Arbitrum, a token that was recently airdropped remains one of the best-performing cryptos in the industry, possibly next to Bitcoin (BTC) and Ethereum (ETH) which have been on an aggressive bullish push since the banking crisis started in the US. ARB, the token powering the now popular Ethereum blockchain layer-2 scaling solution, Arbitrum is easily…
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Following the Arbitrum token airdrop, ARB has become a top 40 cryptocurrency as it currently holds the 37th largest market valuation out of more than 23,000 listed digital currencies. Currently, there is a circulating supply of 1,275,000,000 ARB, and the Arbitrum Foundation’s DAO Treasury holds 3.52 million or 35.27% of the airdropped supply. Over the…
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On Thursday, the Arbitrum airdrop claiming process went live and ARB markets dropped more than 85% lower than pre-IOU market prices recorded the day before. Arbitrum airdropped just over a billion ARB tokens, or 11.6% of the total supply. At noon ET, more than 474 million tokens had been claimed. Wild Volatility for ARB Token:…
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The recently airdropped token, ARB, which powers the Arbitrum Decentralized Autonomous Organization (DAO), experienced extreme volatility in trading on Thursday. Arbitrum, the prominent layer-2 scaling solution on the Ethereum blockchain that offers fast and cheap transactions, officially became a DAO on Thursday after airdropping just over 1 billion of its ARB token to network users….…
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