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A collaboration between Horizen Labs, Offchain Labs, and the Arbitrum Foundation aims to bolster the apecoin (APE) ecosystem through the development of a dedicated blockchain, Apechain. Envisioned to leverage Arbitrum technology and governed by Apecoin DAO, the teams believe this initiative represents a significant step toward expanding the utility and reach of apecoin.
The altcoin market is surging and approaching pivotal levels at $800 billion, as the majority of them have gained extreme bullish momentum. Of them, Bonk's price leads the top gainers list with more than a 42% jump in the past 24 hours. Besides, Optimism (OP), Arbitrum (ARB), & Pepe (PEPE) prices possess acute strength.
The Arbitrum DAO community made the decision to approve the expansion of the budget for its grant program, injecting an additional amount of $23 million. This increase brings the total budget of the program to over $70 million, intended to support a total of 56 emerging projects in the ecosystem.
Arbitrum Decentralized Autonomous Organization approves $23.4 million budget increase for STIP, supporting emerging builders and creating welcoming environment for new projects, raising total budget to 71.4 million ARB tokens.
The Arbitrum DAO has made an announcement regarding the distribution of extra tokens to finance all projects approved in its recent Short-Term Incentive Program (STIP).
The Arbitrum community is expanding its grant program budget to over $70 million, supporting a total of 56 projects.
The Arbitrum DAO, governing the Ethereum Layer 2 network, has made a pivotal decision to allocate a substantial $23.54 million in a one-time “backfund” to support 26 projects that were previously overlooked in its initial grant funding round.
In a recent development that has stirred the decentralized finance (DeFi) community, Silo Labs, the development team behind the decentralized lending protocol Silo Finance, reported an unexpected incident involving the Chainlink wstETH/ETH price feed on the Arbitrum network.
The grants will go to projects that were approved as part of the project's first round, but missed out on funding due to budget constraints.
Rarible has cemented its commitment to NFT royalty enforcement by launching a testnet for an EVM-compatible chain with embedded royalties on the node level.
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Nov. 30-Dec. 6, with live updates throughout.
Short positions in two cryptocurrencies have risen in the past 12 to 24 hours, indicating a bearish sentiment in the cryptocurrency market; however, this volume may lead to short-squeeze opportunities for bullish traders.
Arbitrum has an average daily transaction count of around 760,000. However, ARB fell off the $1 price range.
The cryptocurrency market retains a bullish outlook, with digital coins recording impressive price actions throughout November 2023. That comes amid various bullish expectations, including the Federal Open Market Committee minutes and a potential spot Bitcoin ETF approval.
The spot and perp exchange has stamped its spot as the leader on Arbitrum. If GMX continues to ship new features, it could be bullish for price action.
Arbitrum's TVL grew to over $2.1 billion. Transactions recently spiked to around 2.8 million in a single day.
Arbitrum recorded an influx of new account interacting with the network. ARB price increased and may retest $1.10 soon.
The cryptocurrency market is a realm teeming with opportunities. Although the limelight frequently falls on prominent cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), there are a bunch of hidden gems trading below the $5 mark.
Arbitrum began to take up Base's market share. In the DeFi space, a similar pattern was observed.
Decentralized finance (DeFi) platform KyberSwap has been hacked to the tune of tens of millions of dollars worth of virtual currencies, causing its native asset to dip. Data from blockchain tracker Lookonchain reveals that $46.5 million worth of digital assets were stolen from KyberSwap, including $20.78 million worth of Wrapped Ethereum (wETH), $9.
The Nubank (NYSE:NU) Cripto crypto currency trading platform is currently evolving, and is announcing today five new options for Nubank customers.
The cryptocurrency market is currently riding a wave of optimism, with significant advancements and enthusiasm among investors. The market has seen a bullish trend, driven by anticipation for the upcoming Federal Open Market Committee (FOMC) minutes and speculations over Bitcoin Spot ETF approval.
OP's active addresses and transactions surpassed those of ARB's on one occasion. OP was down by more than 3% in the last 24 hours, but social metrics were unharmed.
Regulatory-focused Layer 2 Kinto migrates to production-ready Arbitrum network to launch compliant DeFi offerings by 2024 after standing up own testnet.
