Arbitrum

Arbitrum is an Ethereum layer-two scaling solution that strives to enhance the speed, scalability, and cost-efficiency of Ethereum. 

 It utilizes optimistic rollups to aim for these improvements, moving most of the computation and storage load off-chain. 

This method seeks to provide higher throughput and lower fees compared to Ethereum, while still benefiting from Ethereum's security and compatibility. 

Several key applications will support Arbitrum-based USDC like Aave, Balancer, Camelot, Coinbase, Curve, GMX, Radiant, Trader Joe and Uniswap.

Circle Rolls Out Support for USDC Stablecoin on Arbitrum

The Ethereum layer-two network Arbitrum experienced a temporary disruption in its transaction processing due to a software bug.

Arbitrum Stops Processing Transactions

The Arbitrum blockchain suffered from a bug in its software Wednesday that caused the network to stop processing transactions on-chain for several hours.

Arbitrum Temporarily Stopped Processing Due to Software Bug

Ethereum

Circle plans to launch USD Coin (USDC) natively on the Ethereum (ETH) scaling solution Arbitrum (ARB) on June 8th. The stablecoin issuer says this native USDC will be the official version of the Arbitrum ecosystem and will eventually replace the USDC currently on Arbitrum that is bridged from Ethereum.

Second-Largest Stablecoin To Launch ‘Natively' on Ethereum Scaling Solution Arbitrum (ARB) Next Week

Stablecoin provider, Circle Internet Financial, has revealed that its dollar-pegged token, USDC, will be natively introduced on the layer two (L2) blockchain Arbitrum on June 8. The announcement follows Circle's disclosure of its euro-pegged coin, EUROC, merging with the Avalanche blockchain last week.

USDC Goes L2: Circle's Stablecoin to Make Its Native Debut on Arbitrum

Financial technology firm Circle announced on Thursday that the launch of its USD Coin (CRYPTO: USDC) on the Arbitrum (CRYPTO: ARB) platform is June 8. In this new arrangement, USDC issued by Circle will be recognized as the official version within the Arbitrum ecosystem.

Circle's USDC Launches On Arbitrum: What That Means For Investors

Circle says the benefits of native USDC include new support to eliminate bridge withdrawal delays and the possibility for institutional on and off-ramps

Circle says it's launching USDC natively on Arbitrum

Version 2 of Jimbos protocol was attacked over the weekend for $7.3 million, just days after going live.

Arbitrum Based Jimbos Protocol Scurries for Revival After $7M Exploit

A decentralized exchange (DEX) built on Arbitrum (ARB) burned its investors and made off with $3 million worth of crypto, according to the blockchain security firm PeckShield. Swaprum (SAPR) bills itself as “a next-generation decentralized exchange with a range of trading tools and potential earnings of up to 100% APY.

Arbitrum DEX Burns Investors With $3,000,000 Rug Pull Scam, According to Blockchain Security Firm

The team behind Swaprum appears to have disappeared with $3 million in customer funds.

Another CertiK Certified Project Rugs as $3M Disappears From Arbitrum DeFi Exchange

Swaprum, a decentralized exchange on Ethereum Layer 2 network Arbitrum, appears to have absconded with $3 million in user deposits.

Swaprum DEX team disappears with $3 million in apparent exit scam on Arbitrum network

DeFi powerhouse Compound Finance is rolling out its services on various speedy scaling solutions, tapping Arbitrum in the latest deployment.

Crypto Lender Compound Deploys on Ethereum Layer-2 Arbitrum

Over the past 24 hours, Arbitrum's (CRYPTO:ARB) price has risen 3.03% to $1.21. This continues its positive trend over the past week where it has experienced a 14.0% gain, moving from $1.07 to its current price.

Cryptocurrency Arbitrum Up More Than 3% In 24 hours

Bitcoin

A popular crypto strategist is updating his outlook on Bitcoin (BTC) and one Ethereum (ETH) rival as he warns memecoins are likely to collapse. Pseudonymous analyst Altcoin Sherpa tells his 195,100 Twitter followers that Bitcoin continues to lack a clear upward or downward trend and remains trading sideways.

Top Trader Updates Outlook on Bitcoin and One New Ethereum Rival, Says This Crypto Asset Class Is Going to Zero

Axelar partered with Cosmos-based project Sommelier to expand its DeFi vaults to Ethereum Layer 2 network Arbitrum One.

Axelar enables Sommelier DeFi vaults to connect to Arbitrum

Ethereum network fees have experienced a significant upswing following the implementation of the Shapella upgrade on April 12th. In the last 30 days, onchain fees have soared by over 153%, from a prior rate of $4.65 per transfer to a current average of $11.80 per transaction.

Ethereum Network Fees Surge 153% in 30 Days, While Arbitrum Daily Transactions Outpace ETH Following Shapella Upgrade

The Arbitrum co-founder and Offchain Labs CEO said that communication in a failed proposal had been unfortunate.

Arbitrum co-founder says DAO vote communication had been ‘unfortunate'

Offchain Labs CEO Steven Goldfeder took pains to differentiate his company, which built Aribtrum, from the newly-created Arbitrum DAO that now controls it.

Arbitrum Co-Founder Addresses DAO Vote Fiasco, Waves off Allegations of ‘Decentralization Theater'

Arbitrum has airdropped a total of $120 million worth of its native ARB tokens to Decentralized Autonomous Organizations (DAOs) within its ecosystem.

Arbitrum Airdrops $120 Million Worth of ARB Tokens to DAOs

Vertex, a decentralized exchange (DEX) for the spot and derivatives trading of digital assets, has gone live on Arbitrum (ARB), a popular network built atop the Ethereum blockchain.

Decentralized Exchange Vertex Launches on Ethereum Layer 2 Arbitrum

Not everyone is aiming for community growth and market capture with the ARB stimulus.

Arbitrum Airdrops $120M to Projects; Some Dump, Some Look to Bolster Themselves

Following Arbitrum's initiating distribution of governance token allocations to eligible DAOs, some whales have been adding to their stacks.

Arbitrum millionaires buy more governance tokens as grant distributions begin

Ethereum scaling solution Arbitrum has begun distributing 113 million ARB tokens to DAOs within its ecosystem.

Arbitrum Airdrops $120 Million in ARB to DAOs

Arbitrum has initiated the distribution of its initial token allocation to eligible DAOs within its ecosystem.

Arbitrum initiates token distribution to ecosystem DAOs

An Ethereum (ETH)-based altcoin and a low-cap Arbitrum (ARB)-based project are skyrocketing after being added to Coinbase's listing roadmap. In a new announcement, Coinbase says that it is adding cross-chain bridge Multichain (MULTI) and Arbitrum-based stablecoin issuer and decentralized finance (DeFi) developer Sperax (SPA) to its listing roadmap. MULTI spiked from its 24-hour low of $10.

News for Arbitrum Crypto (ARB)