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The Arbitrum community is speculating and selling off their unreleased ARB tokens in over-the-counter (OTC) markets following the Arbitrum airdrop announcement. The Arbitrum Foundation announced that ARB — Arbritrum’s new token — would be airdropped to eligible community members on Thursday, March 23. It explained that ARB marks Arbitrum’s official transition
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Decentralized finance (Defi) analytics platform DefiLlama appears to have resolved the internal conflict within its team that had earlier threatened a “forking” of the platform. Potential trouble at DefiLlama was first revealed when developer 0xngmi claimed in a March 19 Twitter post that DefiLlama was “undergoing a hostile takeover,” with
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"The successful conclusion of this sale represents a watershed moment for the decentralized fundraising space and, we hope, a model for responsible fundraising for projects in the future,” said Coder Dan, co-founder and CEO of Pixelcraft Studios, in a press release. “We are thrilled to have such a strong and
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With the crypto economy experiencing significant gains over the past week and the price of ethereum rising 11.9%, the market capitalization of Lido’s staked ether has increased to $10.3 billion. This recent increase has propelled the token’s overall market valuation to the ninth-largest position, according to the crypto market capitalization
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press release PRESS RELEASE. WATERPORT PLACE, GIB., March 20th, 2023 – Digital Asset Management Limited and the Damex group (“Damex” or “Damex.io”)), a Distributed Ledger Technology provider based in Gibraltar, recently announced its utility token IEO, the Damex Token ($DAMEX), which can be used within the Damex App along
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The decision to launch the token did not sit well with most DefiLlama contributors who have now openly rejected it. There is an ongoing dispute among the employees of the decentralized finance analytics dashboard DefiLlama. According to an employee simply identified as 0xngmi, the company’s founders are planning a ‘LLAMA’
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However, while these products are wholly speculative as of Monday, their use case might change after ARB tokens are officially issued to network participants. Traders and holders of spot ARB may then use futures products to hedge their spot holdings or gain exposure to ARB prices using a smaller amount
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Despite the clarity of the SBA’s stance, there are still many questions to answer on the legal front. In a recently published white paper, the Swiss Bankers Association (SBA) proposed the issuance of a joint deposit token on a public blockchain. The SBA noted a consensus that stablecoins be issued by
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The Ethereum layer two (L2) scaling solution Arbitrum has launched a native governance token named ARB and a self-executing decentralized autonomous organization (DAO) governance model. The ARB token will have an initial supply of 10 billion, and coins will be airdropped to the Arbitrum DAO treasury, Offchain Labs (the company
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Earlier Thursday, the on-chain voting period for ArenaDAO opened. Since then, a total of 9 addresses voted, providing unanimous support in favor of authorizing the DAO to sell its tokens to Paradigm. Data from blockchain analytics firm Nansen shows 142 unique addresses holding ARENA, a 10% increase since Monday. Source
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