Arbitrum to unlock $2.32B in vested tokens on March 16
Token Unlocks highlighted that Arbitrum will do a “Cliff Unlock,” where tokens are released in a lump sum at the deadline.
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Token Unlocks highlighted that Arbitrum will do a “Cliff Unlock,” where tokens are released in a lump sum at the deadline.
In a flurry of activity, whale transactions on the Arbitrum network have surged, creating ripples in the crypto space. As the market observes large quantities of the layer-2 (L2) token Arbitrum (ARB) being transferred to exchanges, speculation and interest in the broader market have intensified.
According to the Arbitrum DAO, the proposal was removed at the author's request. However, supporters are still looking for alternative methods to support Tornado Cash.
In an unexpected twist, Arbitrum DAO has decided to backtrack on its recent proposal to allocate up to $1.2 million to Tornado Cash developers, Roman Storm and Alexey Pertsev, embroiled in legal battles. The Block confirmed the withdrawal, shedding light on the challenges faced by developers creating crypto-mixing services amid mounting regulatory pressure.
The author of an ArbitrumDAO proposal, aiming to contribute up to $1.28 million in cryptocurrency towards supporting Tornado Cash developers Roman Storm and Alexey Pertsev's legal defense against criminal charges, has retracted the proposal. As per the latest reports, token holders raised concerns regarding potential legal risks associated with such a donation, prompting the deletion
The spurt in whale transactions comes ahead of two pivotal events in Arbitrum's ecosystem.
The Arbitrum community was surprised by the sudden removal of a proposal seeking financial backing for the legal defence of Tornado Cash developers. The initiative, spearheaded by a delegate known as DK, aimed to allocate approximately $1.3 million worth of ARB tokens from the community wallet to support Storm and Pertsev's legal battle.
A controversial proposal by an Arbitrum contributor to donate cryptocurrency towards the legal defense of Tornado Cash developers has been withdrawn.
Arbitrum DAO pulls back its million-dollar donation proposal for Tornado Cash devs due to legal risk concerns.
The pseudonymous author of the Tornado Cash Trial FundRaiser on Arbitrum unexpectedly takes the proposal down.
The Arbitrum DAO proposal aimed at donating to Tornado Cash developers was removed over legal concerns.
The proposal, which would have seen up to $1.3 million donated to the Tornado Cash devs' legal defense fund, was pulled over legal concerns.
Arbitrum, a prominent Layer-2 network built on Ethereum, experienced a decline in its native cryptocurrency ARB compared to other leading Layer-2 assets in the past day. This dip comes amid anticipation surrounding two significant events expected to influence its price.
An Arbitrum spokesperson confirmed that the proposal to fund Tornado Cash developers' legal defense had been deleted at the author's request.
The upcoming token unlock and the Ethereum Dencum upgrade. If ARB manages to surpass the resistance level of $2.15, it could see a further increase to $3.
2024: Up to $3.122027: Up to $9.482030: Up to $27.262033: Up to $80.77Scaling solutions like Arbitrum are revolutionizing blockchain efficiency, with Ethereum users benefiting from faster transactions. Is Arbitrum set to challenge Ethereum's dominance, or will users stick around for anticipated upgrades?
The crypto sphere is gearing up for a seismic event as Arbitrum, Ethereum's layer 2 scaling protocol, prepares for a significant token release on March 16, 2024. With over $2 billion worth of ARB tokens set to unlock, constituting a substantial 87% of the circulating supply, the crypto community is abuzz with speculation about potential market dynamics and the looming specter of a price dump.
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The Arbitrum community is voting on a proposal to fund a “robust legal defense” for Tornado Cash developers Roman Storm and Alexey Pertsev.
The Arbitrum blockchain community initiated a vote on a proposal to fund the legal defense of the Tornado Cash cryptocurrency mixer team.
Ethereum, Arbitrum, and Solana led DEX growth in the past week, which reached a combined weekly volume of $63.2b.
Binance has become one of the most popular cryptocurrency exchanges. The exchange now has a large selection of coins to trade from.
Leading figures behind layer-2 teams told CoinDesk how Ethereum's upcoming Dencun upgrade will affect their networks.
WOOFi, a decentralized exchange, suffered an $8.5 million exploit on Arbitrum due to token price manipulation. The platform swiftly contained the threat and is working to retrieve funds and enhance security.