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. 

This vesting contract, designed to incrementally release the funds to the Arbitrum Foundation over a four-year period, is viewed as a major stride toward accountability and transparent governance.

Arbitrum DAO locks up $770 million in ARB tokens into vesting contract

Fantom

A widely followed crypto strategist thinks that Ethereum (ETH) competitor Fantom (FTM) is primed for a significant move to the upside. Analyst Michaël van de Poppe tells his 659,600 Twitter followers that Fantom looks bullish as long as it is trading above $0.30.

Crypto Analyst Predicts Rallies for Ethereum Rival Fantom, Updates Outlook on Three Additional Altcoins

Solana

Stellar

Blockchain analytics platform Santiment says a handful of altcoins are experiencing mini-breakouts as Bitcoin (BTC) trades near $30,000.

Solana, Arbitrum, Monero and One XRP Rival Among Altcoins Enjoying Mini Breakouts – Here's Why: Santiment

According to several reports, Chibi Finance, the decentralized finance (defi) platform built on top of Arbitrum, allegedly executed an exit scam on its users. Blockchain intelligence firm Peckshield provided a detailed account, revealing that approximately $1 million worth of cryptocurrency assets were illicitly withdrawn and converted into Ethereum.

Chibi Finance Exit Scam: $1 Million Cryptocurrency Heist Rocks Defi Platform on Arbitrum

Avalanche

Ethereum

Circle's Cross-Chain Transfer Protocol is now operational on Arbitrum, a Layer 2 scaling solution for Ethereum.

Circle adds CCTP to Arbitrum for Layer 2 USDC transfers from Ethereum, Avalanche

Chibi Finance, a DeFi project on the Ethereum Layer 2 network, Arbitrum, allegedly executed a “rug pull”, absconding with about $1 million.

Chibi Finance vanishes with $1 million on Arbitrum network in apparent ‘rug pull'

A series of decentralized finance and NFT-related altcoins have posted double-digit gains over the past week as capital begins to flow from larger assets like bitcoin (BTC) and ether (ETH) to more speculative bets like blur (BLUR) and arbitrum (ARB).

Blur, Arbitrum Lead Altcoin Surge as Traders Anticipate Bull Run

Offchain Labs has released a dedicated software tool that allows developers to launch their own Layer 3 blockchains.

Offchain Labs unveils tool to build Layer 3 ‘Orbit' chains on Arbitrum

Xai, a permissionless Layer 3 blockchain designed for video games, is set to launch on Arbitrum later this year.

Gaming-focused Layer 3 Xai set to launch on Arbitrum

The Graph

The Graph has begun the final phase of its migration to the Ethereum Layer 2 network Arbitrum to enhance scaling capabilities.

The Graph migrates to Arbitrum to enhance scalability

The transition is aimed at reducing barriers of entry for The Graph's users by decreasing gas costs and speeding up transactions.

The Graph Starts Migrating its Settlement Layer to Arbitrum from Ethereum

Arbitrum halts as Optimism upgrades — check out the biggest DeFi news in our comprehensive weekly roundup.

Week in DeFi: StETH Now Supported for CrvUSD, Arbitrum Pauses and an Optimism Upgrade

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

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.

News for Arbitrum Crypto (ARB)