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Radiant Capital, a prominent cross-chain lending protocol, has temporarily suspended its lending and borrowing markets on the Arbitrum blockchain due to a substantial security breach. Reports indicate that a flash loan attack resulted in the unauthorized withdrawal of approximately $4.5 million in Ether from one of its newly established USDC Coin (USDC) markets.
Blockchain security firms said the issue was caused by a “known rounding issue” in the codebase.
Arbitrum (ARB), a prominent Layer 2 (L2) protocol, has emerged as one of the top gainers in the past month, experiencing a remarkable surge of 59%. Over the past 7 days, the token has grown substantially over 31%, propelling it to reach a new all-time high (ATH) of $1.8391 on Monday.
A surge in the age consumed metric would denote a large movement of previously dormant ARB tokens.
Closely followed crypto strategist and trader Michaël van de Poppe is naming the top five altcoins he is bullish on in 2024. In a new strategy video, Van de Poppe tells his 162,000 YouTube subscribers that his first top altcoin choice this year is the smart contract platform Ethereum (ETH).
Crypto analyst Rekt Capital suggests that the altcoin season could be on the horizon. In a recent post on X, a popular platform, the analyst used a chart to explain that whenever Altcoin Market Cap successfully underwent two historical retests, a third retest usually followed in the weeks that came after.
The altcoin season is beckoning, according to the latest insights by crypto analyst, Rekt Capital. In a post on X, the widely followed trader while highlighting with the help of a chart, reckoned that “every time Altcoin Market Cap performed two historic retests successfully,” there was a likelihood for “a third retest followed in the
Curve Finance, a leading player in the decentralized finance (DeFi) space, has recently announced the launch of its crvUSD pool on the Arbitrum network. The significant development marks Curve's expansion into one of the fastest-growing Layer 2 solutions in the blockchain industry.
An exciting rise towards historical highs in the cryptocurrency market
The Arbitrum and Optimism tokens recorded significant price rallies over the past month — currently trading near their all-time highs.
Arbitrum One has set a new record as Total Value Locked (TVL) reaches $9.9 billion.
The biggest January crypto predictions deal with Chainlink (LINK), BNB, and Ethereum (ETH) layer-2 scaling solutions.
The cryptocurrency market constantly evolves, with altcoins often stealing the spotlight from their well-known counterpart, Bitcoin. As one ventures into 2024, experts in the field have identified several altcoins that hold significant potential.
Despite early struggles, Shiba Inu's Shibarium outperforms in various aspects. CoinGecko data shows Base, Optimism, zkSych, and Arbitrum as the fastest-growing layer2 blockchains. Shibarium attains 1M addresses milestone quicker CoinGecko revealed the timeframe it took leading layer2 platforms that attained 1 million active addresses.
The Ethereum Layer 2 transactions skyrocketed by over 330% in 2023 compared to the last year. In recent months, Ethereum's scaling solutions have experienced a notable uptick in interest, marked by the frequent introduction of new Layer 2s (L2s).
These altcoins have bullish-looking formations and could reach new all-time highs in January.
The race to an effective scaling has highlighted certain networks that could become pivotal players in the upcoming phase of the Ethereum ecosystem's growth. Among these, Arbitrum stands out as a potential "hidden gem," with implications that extend far beyond the usual market dynamics.
Arbitrum (ARB) has recently captured significant attention with its impressive performance. Renowned crypto analyst Michaël van de Poppe has shared an optimistic outlook on this Ethereum layer-two (L2) scaling solution, speculating a potential rise in its value to the $2 mark.
Arbitrum was among the altcoins that outperformed the cryptocurrency market in December, soaring over 58% on its 30-day price chart. Meanwhile, renowned crypto expert Michael van de Poppe trusts the altcoin could extend its surges past $1.45 before climbing to explore the $2 territory.
While OP Mainnet, Base, and zkSync Era remain at stage zero, Arbitrum hops.
The Arbitrum (ARB) price has increased swiftly since December 26 and is approaching its all-time high.
In the fast-paced world of cryptocurrency, Arbitrum (ARB) has emerged as a standout performer, showcasing a staggering 58% surge in the last 30 days. Meanwhile, renowned crypto analyst Michaël van de Poppe has expressed his bullish outlook on ARB, anticipating a trajectory that could propel the token to the $2 mark.
After displaying significant price volatility for over a week, the ARB price has regained momentum and successfully broke out of its key resistance level of $1.4594. Further, top altcoins have gained massive price action recently, indicating a switch of trend. The Arbitrum price traded in a narrow space between $0.904 and $1.
In the tumultuous world of cryptocurrency, few names have resonated as powerfully in 2023 as Arbitrum (ARB). The crypto juggernaut has rapidly ascended the ranks, outpacing industry stalwarts and marking its territory in the competitive landscape.
