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Latest News

Keep up with what's happening in the crypto world in real-time.

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cover-imageNewsBTC
June 30, 2023

Arbitrum Gains Tempered By Obstacles, Hindering ARB's Further Upswing

Arbitrum (ARB)'s gains have been tempered by various challenges, hindering its further upswing. The declining inflows of stablecoins on the Arbitrum network have raised concerns among investors and enthusiasts alike, as it signals potential obstacles for the growth and development of the decentralized finance (DeFi) sector.

Positive
cover-imageCrypto Daily
June 27, 2023

Circle Launches Cross-Chain Transfer Protocol On Arbitrum $ARB

Circle, the issuer of the USD Coin (USDC) stablecoin, has announced the operationalization of its Cross-Chain Transfer Protocol (CCTP) on Arbitrum, a Layer 2 scaling solution for the Ethereum network. This integration enables faster and more secure transfers of USDC across several blockchain networks, including Ethereum, Avalanche, and now Arbitrum.

Negative
cover-imageEWN
June 27, 2023

Chibi Finance Rugs $1 Million In Crypto From Arbitrum Users

The Chibi Finance team disappeared overnight in what seems like a rug pull, PeckShield noted.555 Ether (ETH) worth around $1 million was drained from the project's liquidity pools and deposited into the crypto mixer Tornado Cash.The team's social media accounts and websites also mysteriously vanished, leaving users with no access to the people behind the project. Crypto project Chibi Finance which runs atop the Ethereum Layer 2 scaling protocol Arbitrum allegedly rugged its users and disappeared with around $1 million in Ether (ETH).

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