Arbitrum's Security Council froze 30,766 ETH (about $71 million) connected to the Kelp DAO hack, securing roughly 25% of the $292 million stolen. The freeze, approved by nine of twelve council members, moved the assets to a governance-controlled address, blocking attacker access. North Korea's Lazarus Group is suspected behind the exploit, which targeted Kelp DAO's LayerZero bridge. The move sparked debate over decentralization but aims to protect users and aid recovery efforts. Kelp DAO and partners are now working on loss distribution and legal actions.
Robinhood Chain, an Ethereum Layer 2 network, generated about $843,000 in user fees but paid only around $1,600 to Ethereum for settlement and data availability. This large revenue gap has reignited debate on how much value Ethereum captures from Lay...
On July 16, 92.65 million ARB tokens worth about $8.53 million will be unlocked, representing 1.65% of the circulating supply. These tokens will be split between the Arbitrum team, advisors, and investors. Despite the unlock, ARB's price has recently...
On July 13, DeXe (DEXE), a decentralized asset management platform, surged 27.29% to $48.54, making it the top gainer among altcoins. This rise highlights growing investor interest in innovative trading and investment platforms. Meanwhile, other altc...
This week, geopolitical tensions in the Middle East caused a brief risk-off sentiment in the crypto market, pushing Bitcoin and altcoins lower before Bitcoin stabilized above $63,000. Protocol-based altcoins like DeXe (up 73%), Arbitrum (up 20%), and...
DeXe (DEXE) surged 7.04% to $38.16, topping the altcoin gainers due to recent improvements in its governance model, pushing its market cap to $1.78 billion. Other notable gainers include Arbitrum, Uniswap, Worldcoin, and Aave, each rising between 4% ...
