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A controversial Arbitrum Improvement Proposal (AIP-1.05) that seeks to return 700 million ARB tokens to the DAO Treasury was met with overwhelming opposition on April 15. This proposal looked to overturn the unpopular decision of Arbitrum's Foundation to transfer $1 billion worth of governance tokens to itself despite not receiving the DAO's approval.
Despite being only a month old, proposals around the Arbitrum ecosystem regarding its governance token have been battered with conflicting views
Lido receives a massive sum of ARB from Arbitrum. Withdrawal credential rotation gets completed on the protocol as activity rise.
A proposal to return 700 million ARB governance tokens to Arbitrum's DAO Treasury was rejected by 84% of the total votes received. The proposal was introduced after the Arbitrum Foundation transferred funds without community approval in March.
The AIP-1.05 was defeated by 118 million votes. The proposal was introduced after the Arbitrum Foundation transferred funds without community approval.
According to recent reports, the proposal by Arbitrum (ARB) to return 700 million ARB tokens has faced opposition from an overwhelming majority. As per the reports, the AIP 1.05 proposal has received a major setback as it failed to garner support from many ARB voters.
Largest holders of ARB tokens and contributors to ArbitrumDAO decided not to return 700 million ARB tokens to the DAO treasury. AIP 1.05 progress reflects the conflict between the groups of large and small Arbitrum (ARB) holders.
Arbitrum's controversial AIP 1.05 to return 700M ARB tokens failed overwhelmingly with 84% against it. Notable holders prioritize platform viability, raising questions about future steps for the contentious funds.
118 million ARB voted against the Arbitrum Improvement Proposal, comprising 84.01% of the total vote. Conversely, 21 million ARB voted for the proposal.
This week, the price of cryptocurrencies has risen above moving average lines.
Today's cryptocurrency market showcases a mix of projects experiencing notable gains and others facing significant losses. OKB, Injective, Render Token, WOO Network, and Arbitrum have emerged as the top gainers of the day, while Conflux, Solana, Fantom, EOS, and Stacks are the top losers.
Arbitrum [ARB] experienced a surge in its price, skyrocketing by over 20% in the past 24 hours, possibly due to the addition of the ARB/RUB trading pair on Binance.
Optimism gets overtaken by the zkSync protocol in terms of gas usage. Interest in NFTs declines as daily active users start to fall.
Bitcoin price smashes new yearly highs at $31,000 for the first time in the past nine months. The gigantic recovery which sparked at the beginning of 2023, is approaching some crucial levels. Meanwhile, some of the altcoins, like ARB, SOL, and ATOM, are displaying acute bullish momentum.
Arbitrum token (ARB) is on for a good day, gaining by more than 10% in 24 hours as activity on the asset market keeps growing.
As the market experiences a strong bullish sentiment across the board, Arbitrum continues to ride the wave toward higher highs. According to CoinMarketCap, the protocol's native token ARB is up 28% in the past 24 hours, and emerging as the top gainer among the 50 leading cryptocurrencies on Friday.
Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the $30,600 level on Friday. Ethereum (CRYPTO: ETH) also moved higher, hitting the key $2,100 mark this morning.
After an impressive Q1, Arbitrum looks poised to fetch higher gains.
Ethereum's (ETH) rally above $2,100 after the Shanghai hard fork has kicked off the altcoin season, according to Crypto Twitter. In addition to ETH, numerous altcoins are posting double-digit gains over the past 24 hours, while Bitcoin has seen a moderate rise.
Shapella Upgrade has brought about many changes, one of the beneficiaries of this growth is the Layer 2 protocol Arbitrum (ARB), which, as a result of its price action, appears to be the biggest beneficiary of this growth thus far.
This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Arbitrum. Ethereum (ETH) With the Shapella upgrade a success, Ethereum rallied and booked an impressive 12.5% price increase this past week.
Since the Shapella Upgrade went live earlier this week, many protocols associated with the Ethereum network have been receiving a significant boost. By virtue of its current price action, Layer 2 protocol Arbitrum (ARB) appears to be the biggest beneficiary of this growth thus far.
These are the five altcoins that had the most positive performance from the crypto market last week.
Arbitrum (ARB), a recently launched Ethereum layer-two (L2) scaling solution that uses optimistic rollups, has recorded significant growth in the past few weeks. The $ARB price gained over 22 percent in the past 24 hours to trade around $1.52 on Friday, according to the latest market data.
