Arbitrum [ARB] at risk of forming a lifetime low – Here's why
ARB might continue to perform poorly in the market.
Keep up with what's happening in the crypto world in real-time.
ARB might continue to perform poorly in the market.
The new infrastructure will allow USDT deployments on Arbitrum, Ethereum, Tron, Ton, Ink, and Berachain to link without wrapping tokens.
This system replaces the previously allow-listed validators on Arbitrum with a permissionless mechanism, opening up security participation.
As $USDT struggles to comply with the EU's Markets in Crypto Asset (MiCA) regulations, Arbitrum helps Tether by providing it with infrastructure to link its new stablecoin $USDT0 to its network, alongside Ethereum, Tron, and Ton. $USDT0 is Tether's new stablecoin, strategically designed to address $USDT's efficiency and interoperability challenges across chains.
TL;DR Tether partners with Arbitrum One blockchain for its new interoperable stablecoin, USDT0, aiming to enhance connectivity and liquidity across Ethereum, Tron, and TON. The integration uses Arbitrum's Legacy Mesh solution to facilitate seamless USDT transfers between major blockchains, reducing costs and increasing liquidity.
Tether has chosen Arbitrum as the infrastructure provider for its new crosschain stablecoin, USDT0, leveraging Arbitrum's Legacy Mesh technology.
The Arbitrum One blockchain will provide the core infrastructure for USDT0, the new, interoperable Tether stablecoin. The blockchain will host the Legacy Mesh solution to connect USDT deployments on Arbitrum, Ethereum, Tron and Ton to a unified USDT0 network.
Valued at more than $141 billion, Tether's USDt is the world's largest stablecoin by market capitalization and usage.
The cryptocurrency market is witnessing a modest rebound, but some altcoins struggle. SAND, APT, BERA, and ARB face declining momentum, raising concerns among analysts.
Bitcoin (BTC) remained sluggish over the weekend, hovering between $96,000 and $97,000. However, it dipped below $95,000 early on Monday, falling to a low of $94,855 before rebounding and moving to its current level of $97,450.
Arbitrum's native cryptocurrency, ARB, has been experiencing a significant decline over the past month, leaving 99% of its holders at a loss. As the token struggles to recover, investors are questioning whether ARB is on the verge of a total crash or if it could bounce back.
Cryptocurrency prices remained under pressure last week as concerns about a trade war between the United States and its top trading partners remained.
Arbitrum has seen a major decline over the past week, leaving 0% ARB holders in profit.
Balancer claims that this new development will allow for more effective utilization of the funds in these pools on Arbitrum as part of its version 3 (v3) launch, automatizing their management to maximize yield. The new version also includes more optimizations.
Arbitrum has deployed Balancer V3, a major upgrade that enhances network liquidity through advanced automated market maker features.
Balancer V3, an automated market maker (AMM), has launched on Arbitrum (ARB), according to the most recent reports shared with Finbold on February 6.
PancakeSwap has expanded its advanced trading features to Arbitrum, Linea, and Base. PancakeSwap was able to accomplish these features on Arbitrum (ARB), Linea, and Base by integrating Orbs' dLIMIT and dTWAP protocols, according to a note shared with crypto.news.
The dLIMIT and dTWAP protocols by Orbs are now also supported by the three networks.
Offchain Labs introduced a 'universal intent engine' to improve interoperability across Layer 2 blockchains.
Arbitrum has integrated with BitcoinOS (BOS) to bring its Ethereum-based layer two (L2) scaling solution to the Bitcoin network. Arbitrum Brings Ethereum-Based L2 Scaling to Bitcoin According to the release shared with Bitcoin.
Arbitrum has announced a significant integration with BitcoinOS (BOS), transforming its layer-2 network into a hybrid rollup that combines the best features of Ethereum and Bitcoin. This collaboration marks a groundbreaking development, offering a robust and interoperable scalability solution between the two ecosystems.
TL;DR The integration of BitcoinOS with Arbitrum allows for direct connection between BTC and ETH, without centralized intermediaries. BOS Grail facilitates trustless BTC transfers to Arbitrum, without third-party intervention, unlike WBTC. Arbitrum offers up to 40,000 transactions per second and nearly instant withdrawals.
"Arbitrum is pioneering a paradigm shift that ends competition and fragmentation between the two largest blockchains."
Bitcoin holders are finally gaining access to the decentralized apps and ecosystem “they've spent 15 years starving for," said the CEO of BTC OS.