In a whirlwind of market activity, Arbitrum, Ethereum’s layer-2 network, surged to an eight-month high of $1.4567, marking a staggering 15% surge within the last 24 hours. This surge was accompanied by a remarkable 315% uptick in trading volume, driving the market capitalization up by a striking 15%. Moreover along
ZTX, a well-funded metaverse platform that supports next-level immersive gaming experience, has announced that the official beta application will be unveiled next week. The long-awaited ZTX beta launch will premiere on the leading Ethereum (ETH) scaling solution Arbitrum (ARB) on a date yet to be announced. The ZTX community has
An arbitrage bot depleted the LFNTY-USDC pool on December 8 from the decentralized exchange (DEX) Lifinity. The $699,090 loss was triggered by an unanticipated reaction to a botched deal, according to Lifinity’s Discord channel. Durden, a key member of Lifinity, revealed that a bot tried to benefit from price disparities
In a recent report by QuillMonitor, an analytical tool powered by QuilAudits, November emerged as a concerning month for the crypto sphere, with a staggering $254.34M in losses. The notable figure was spread across 12 significant incidents, indicating an alarming 8-fold surge compared to October’s losses. Hacks take the lead
Primex Finance, a non-custodial protocol for spot margin trading on DEXs, announces new deployment on Arbitrum One. In addition to being live on Polygon PoS, the current event is an important milestone in Primex’s multichain initiatives. Simultaneously, deploying the protocol to Arbitrum increases users’ flexibility, enhances traders’ and lenders’ user
The U.S Supreme Court has agreed to hear an appeal in a case between Coinbase and its customers, with the primary issue before the court being whether a judge or an arbitrator should determine whose contract controls disputes. Bloomberg claims that the parties’ competing contracts—one of which favors arbitration, and
SINGAPORE–(BUSINESS WIRE)–Orbit Markets, the leading institutional liquidity provider in digital asset options and structured derivatives, announced today that it was named Most Innovative Solution Provider by Hedgeweek in their prestigious APAC Digital Awards. The Hedgeweek Digital Awards are the pre-eminent awards for excellence and leadership in the digital asset fund
By enabling the usage of cryptocurrencies and Non-fungible Tokens (NFTs) for in-game purchases, blockchain games have revolutionized the gaming experience for gamers globally. Due to the increased demand of blockchain technology, the rising appetite for decentralized games and assets, and the promise of blockchain games to deliver new and exciting
SINGAPORE–(BUSINESS WIRE)–OrBit Markets, the leading institutional liquidity provider in digital asset options and structured derivatives, announced today that it has won the prestigious Asia Risk Awards 2023 for Blockchain Solution of the Year. The Asia Risk Awards is the longest-running and most prestigious award in Asia celebrating organisations that have
Layer 2 scaling solutions, like Polygon, Arbitrum, and Optimism, are improving different aspects of L1 blockchains, including decentralization, security, and interoperability. Meanwhile, Layer 3 networks, with their application-specific paradigm, are customizing trends and progress in the broader blockchain ecosystem. New paradigms and decentralized applications (dApps) are continually emerging in this
