Breaking News: ARBITRUM – Market Insights, Analysis & Latest Updates

DeFi platform Folks Finance raises $3.2 million Series A at $75 million valuation

Folks Finance raised $3.2 million in Series A funding led by Borderless Capital, exceeding expectations and indicating future token plans for its cross-chain DeFi platform.

theblock.co • 14/11/2024 - 13:00 PM

The Daily: Trump says 'DOGE' to be led by Musk and Ramaswamy as Dogecoin soars, Bitwise CIO makes the case for $500K bitcoin and more

President-elect Donald Trump appointed Tesla CEO Elon Musk and Strive Enterprises co-founder Vivek Ramaswamy to lead his new Department of Government Efficiency (DOGE). In a note to clients late Tuesday, Bitwise CIO Matt Hougan made the case for a $500,000 bitcoin price before the cryptocurrency’s early stage comes to an end and the asset “matures.” Zero Gravity Labs (0G Labs or 0GL), a crypto-AI startup developing infrastructure for a decentralized AI operating system, has secured $290 million in funding, including a $40 million seed round and a $250 million token purchase commitment. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 13/11/2024 - 18:52 PM

BlackRock's tokenized fund BUIDL expanding to Aptos, Arbitrum, Avalanche, Optimism and Polygon

BlackRock's BUIDL fund is expanding to multiple blockchains, enhancing access and efficiency for investors in the growing market of tokenized government securities.

theblock.co • 13/11/2024 - 14:58 PM

Lending protocol Delta Prime suffers second exploit in two months, bringing losses above $10 million

Delta Prime, a crypto lending platform, faced its second exploit, losing nearly $5 million. Total losses exceed $10 million across attacks, highlighting vulnerabilities in DeFi protocols.

theblock.co • 11/11/2024 - 16:10 PM

Crypto losses to hacks and scams surpass $1.4 billion in 2024, despite monthly drop: Immunefi

The crypto industry has seen $1.4 billion in losses due to hacks and scams in 2023, despite recent reductions and improved security measures.

theblock.co • 31/10/2024 - 13:00 PM

Arbitrum-based crypto derivatives trading protocol Variational raises $10.3 million in seed funding

Variational, a crypto derivatives protocol on Ethereum's Layer 2, raised $10.3 million. Plans include launching mainnet and token in 2024-2025, expanding beyond Arbitrum.

theblock.co • 23/10/2024 - 14:30 PM

Base becomes largest Ethereum rollup by total value locked, surpassing Arbitrum

Base, Coinbase's Layer 2 Ethereum network, leads in TVL at $2.49 billion, surpassing Arbitrum, with 1.5 million daily active users and ongoing decentralization improvements.

theblock.co • 15/10/2024 - 09:57 AM

ARBITRUM

Arbitrum DAO member proposes $120 million recall from gaming fund that missed deadlines

Arbitrum's Gaming Catalyst Program faces scrutiny due to missed deadlines and lack of communication, prompting a funding recall proposal from a DAO member seeking better transparency.

theblock.co • 12/10/2024 - 21:12 PM

Hyperliquid posts incident report for Arbitrum bridge failure citing 'extremely rare edge case'

Hyperliquid reported an emergency bridge downtime due to incorrect RPC data, leading to temporary lockdowns to protect user funds, marking its first such incident since launch.

theblock.co • 09/10/2024 - 15:43 PM

Ethereum remains whitehat hackers' blockchain of choice, with Polygon, Arbitrum, Optimism and Solana on the rise: Immunefi

Ethereum remains the top choice for crypto whitehat hackers, while Polygon and others gain traction. Key trends and challenges in the ethical hacking ecosystem are highlighted.

theblock.co • 07/10/2024 - 14:05 PM

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