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Bitcoin (BTC) is attempting to reclaim $90,000 after a bloodbath at the beginning of the week drove the price to a low of $86,220, as analysts warned of a deeper correction to $80,000. The flagship cryptocurrency is down over 3% in the past 24 hours and is trading around the $88,900 mark.
Layer-1 blockchain Berachain has seen its total value locked (TVL) rise to over $3.26 billion, making it the sixth-largest decentralized finance (DeFi) network.
Berachain, an EVM-identical Layer 1 blockchain, has achieved a major milestone just 20 days after its mainnet launch.
The proposal, however, is not liked by the community, as it currently allocates nothing to native projects on Arbitrum.
After a superb performance pushing it above Arbitrum and Base, the bullish Berachain momentum seems to be cooling off, with its token, BERA, dropping to $6.90 after hitting $9.10 on February 21. Berachain blockchain has been riding high, with its total value locked (TVL) soaring past $3.
A storm of controversy has erupted within the Arbitrum decentralized autonomous organization (DAO) as its recently formed Growth Management Committee (GMC) pushes forward a proposal to invest 7,500 ETH from its treasury into decentralized finance (DeFi) protocols that are not native to the Arbitrum ecosystem.
Layer-1 blockchain Berachain's total value locked has surged to $3.26 billion, surpassing Arbitrum and Base to become the sixth-largest DeFi network.
Arbitrum's hopes of reinvesting its Ethereum holdings in yield-generating opportunities has hit a hurdle.
Some Arbitrum DAO delegates have criticized the proposal as a missed opportunity for boosting Arbitrum-native protocols.
TL;DR Arbitrum DAO will invest 35 million ARB in RWAs to diversify its treasury and reduce volatility. The February 17 vote approved the proposal with 93% support, and the provider selection process will be open from February 20 to March 20. ARB is the third-largest network in on-chain RWAs, within a market valued at $17.
Bitcoin (BTC) briefly dipped below $95,000, falling to a low of $93,487 before recovering and moving to its current level of $95,100. The flagship cryptocurrency has been down almost 1% over the past 24 hours, with sentiment further dampened after the odds of a US strategic reserve drop on Polymarket.
The Arbitrum has approved the allocation of 35 million ARB for purchasing tokenized real-world assets (RWAs) for the network's treasury. The decision is part of the decentralized autonomous organization's (DAO's) program to diversify its treasury holdings.
Grayscale Investments has introduced the Grayscale Pyth Trust, allowing investors to gain exposure to the PYTH governance token while avoiding the technical challenges of direct cryptocurrency ownership.
Arbitrum DAO is doubling down on real-world asset investments with the approval of a proposal to allocate more funds to the sector. On Feb.
Bitcoin (BTC) has started the week in the red, with the price down over 1% and trading considerably below the $97,000 level at $96,400. The flagship currency dipped to a low of $96,144 before recovering to its current level.
Arbitrum (ARB) has been under immense selling pressure, with its price tumbling 31.67% in the past month. In the last 24 hours alone, the token has shed another 4.44%, signalling a worsening market outlook. The sharp decline has placed ARB in a precarious position, with analysts warning that it could soon hit a lifetime low.
The Offchain Labs-founded Arbitrum, on 12 Feb, announced the launch of Bounded Liquidity Delay (BoLD) protocol for its Arbitrum ecosystem, the de-centralised Ethereum Layer-2 solution. The operational launch on the Arbitrum One and Nova Chains comes as a major upgrade to the Arbitrum's Layer 2 infrastructure which is Offchain's main Ethereum L2 network for DeFi,
Arbitrum (ARB) has been under significant selling pressure, and the market shows signs that it could be on the verge of hitting a lifetime low. Over the past month, ARB has dropped by 31.67%, with a further 4.44% decline in the past 24 hours alone.
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.
