Latest News

Global asset manager Franklin Templeton, which has $1.53 trillion in assets under management (AUM), has launched its blockchain-based money market fund.

Users of Arbitrum orbit chains, layer-3 solutions for Ethereum built on top of the platform's technology stacks, can now pay gas fees using USDC. The move comes even as ARB, the native token of the Ethereum layer-2, continues to post lower lows, pushing losses to nearly 80% since January 2024 highs.

The money-market fund is launching on the layer-1 network as interest in tokenized funds surges.

Asset management mogul Franklin Templeton has collaborated with Arbitrum Foundation to launch its Franklin OnChain US Government Money Fund (FOBXX).

TL;DR Franklin Templeton expands his OnChain US Government Money Fund (FOBXX) to the Arbitrum network, adding Stellar and Polygon. The fund, with a market value of $420 million, seeks to integrate decentralized finance into the traditional financial system.

Franklin Templeton, a $1.66 trillion asset manager, has announced the launch of its money market fund on Arbitrum. The Wall Street giant said in a press release that the Franklin OnChain U.S.

Global asset manager Franklin Templeton has announced the launch of its money market fund on the Arbitrum network. The Franklin OnChain US Government Money Fund (FOBXX) will be available on the blockchain and bridge the gap between traditional and digital finance.

It's a stamp of approval for the layer-2 from United States regulators.

The firm has launched its on-chain treasuries fund, the Franklin OnChain U.S. Government Money Fund (FOBXX), on Arbitrum. Arbitrum, the largest Ethereum Layer 2 network, now hosts this fund.

Franklin Templeton Money Market Fund is now available on the Arbitrum blockchain, joining previous platforms Stellar and Polygon.

The Franklin OnChain U.S. Government Money Fund is represented by the BENJI token and was previously launched on Stellar and Polygon.

The $420 million OnChain U.S. Government Money Market Fund was previously available on Stellar and Polygon.

ARB is trading at approximately $0.518, with a market capitalization of $1.73 billion and a trading volume of around $271 million. The cryptocurrency has experienced significant fluctuations, reaching an all-time high of $2.40 in January 2024 and falling to a new all-time low of $0.5773 in July 2024.

This update allows these chains to charge gas fees using any ERC20 token, including their tokens. Bridged USDC is now supported as a custom gas token on Arbitrum Orbit chains.

Arbitrum Orbit chains now support bridged USD Coin (USDC) as a custom gas token.

TL;DR Arbitrum has integrated USDC as a custom gas token for Orbit chains, simplifying transaction fee payments and improving cost stability. The incorporation of USDC offers predictability in transaction costs and eliminates the need for multiple tokens to cover gas fees.

Arbitrum said it has collaborated with stablecoin issuer Circle to support the use of bridged USD Coin (USDC) as a custom gas token for Orbit Chains, according to an Aug. 7 statement shared with CryptoSlate.

Gitcoin has announced that the twenty-first edition of its grants program, Gitcoin Grants 21, is officially live and will feature ecosystem rounds for Arbitrum and Celo. The Gitcoin Grants 21 program went live on Aug.

Ubisoft is teaming up with Arbitrum and Sequence to launch a new Web3 game based on the Netflix series Captain Laserhawk.

Layer 1 Ethereum competitor Arbitrum ($ARB) took some of the worst price losses of yesterday's market-wide crypto crash. While it quickly recovered 14% in the last 24 hours, its seven-day losses amount to 28%. It now trades for $0.5028 a token.

The Arbitrum Foundation has joined forces with Ubisoft and Sequence to launch a new game called ‘Captain Laserhawk: The G.A.M.E.

Arbitrum (ARB), the Layer 2 scaling solution for Ethereum, has seen its price tumble to an unprecedented low. Within the past 24 hours, ARB has dropped over 30%, reaching a record low of $0.44.

After trading under a bearish sentiment for the past few days, the cryptocurrency market has recorded a strong bullish reversal by adding 9.09% in valuation within the past 24 hours. Further, the market leader Bitcoin price has jumped approximately 10%, indicating a positive outlook.

Arbitrum's (ARB) price has plummeted by over 30% in the past 24 hours. This is due to its significantly positive correlation with leading assets such as Bitcoin (BTC) and Ethereum (ETH), whose values have plunged to multi-month lows within that period.