Singapore, Singapore, 18th September 2024, Chainwire

Synthetix, a popular DeFi protocol, is facing challenges regarding its plans for Arbitrum, a layer-2 platform for Ethereum. According to the recent voting results, the community voted against its plans to extend its Long-Term Incentive Program (LTIP) grant.

The cryptocurrency market is no stranger to sudden shifts, and Arbitrum (ARB) is currently in the spotlight. After a prolonged period of trading within a descending channel, ARB is now testing critical resistance levels that could signal a massive breakout.

Lido's performance has been disappointing over the past year. The token has seen a substantial drop of 35% year-to-date and continues to face challenges, with a recent 24-hour decline of 3.3%.

DeltaPrime DeFi, which runs on the Arbitrum platform, has been dealt a major blow in the form of a hack. The attack that took place at 6:14 AM CET led to a loss of $5. 98 million to liquidity pools belonging to the provider DeltaPrime was first flagged by Cyvers alerts.

Arbitrum tests resistance, with a potential 182% price surge on the horizon. Will it break out?

The hacker exploited DeltaPrime's admin proxy, enabling them to redirect contracts to malicious addresses. By doing so, they were able to drain funds from key liquidity pools, including DPUSDC, DPARB, and DPBTCb.

Based on Q3 returns, investors holding the other top DeFi blue chips were in losses, but not AAVE.

The blockchain security company Cyvers has reported a security leak in the decentralized finance (DeFi) protocol DeltaPrime, which operates on the Arbitrum network. The Cyvers estimates the loss in the incident to be four and a half million dollars at first, however, after it was reported that the funds had been transferred from DeltaPrime's DeFi

TL;DR DeltaPrime Hack: DeltaPrime, a DeFi platform, lost over $6 million due to an admin key hack on the Arbitrum network, highlighting serious security concerns. Details and Impact: The hacker exploited a leaked private key to drain funds, affecting various tokens like USDC, ARB, and BTC, and leaving the Avalanche version unaffected.

Lido has been on a bearish trend. However, an analyst's latest optimistic prediction of a potential multi-month rally offers hope.

The attack is believed to have occurred due to a private key exploit.

DeltaPrime, a DeFi protocol on the Arbitrum chain, has fallen victim to a series of suspicious transactions. The Web3 security firm CyVers flagged the issue, revealing that malicious actors have compromised protocol's admin wallet.

Arbitrum and ApeCoin prices will be in the spotlight this week as their networks unlock millions of tokens. ApeCoin (APE) token was trading at $0.

Circle Internet Financial, the company behind the US Dollar Coin (USDC), has announced the integration of the Arbitrum layer-2 scaling chain into its Web3 infrastructure platform.

DappRadar shows that in the last 24 hours, volumes have dropped by 33% to $1.08 billion

Arbitrum holds the top spot in the Layer 2 ecosystem with the highest TVL, but ARB token holders face challenges.

Circle integrates its USDC stablecoin with Arbitrum's Layer-2 network, enhancing Web3 tools for developers and expanding USDC's presence in decentralized finance.

Proponents of migration plan see ZKsync as more 'suited' to Treasure DAO's long-term plans for decentralized gaming.

It's Circle's latest effort to embed USDC into Arbitrum, a hub for DeFi, and to compete with Tether's USDT.

The deployment of GHO has been limited to Ethereum and Arbitrum networks, at least for now.

Arbitrum shows potential for recovery as adoption grows and bullish signals emerge.

TL;DR PancakeSwap launches its first prediction bot on Telegram to predict BNB prices. The celebration campaign includes a drawing for $4,444 in rewards on September 22. The bot allows predictions to be made every 5 minutes with a minimum stake of 0.001 BNB.

Interest in prediction markets has been growing since the beginning of 2024 in the run-up to the US presidential election.

Coinbase's native layer 2 network Base has surpassed 4.2 million daily transactions, according to data from Coin98Analytics. Arbitrum came closest with 1.3 million transactions followed by Ethereum with 1.1 million transactions.

Arbitrum (ARB) has recently emerged as a notable performer. After breaking out from a falling wedge pattern, ARB's price is showing promising signs of further gains.

TL;DR Expansion to Arbitrum: Paxos will integrate its tokenization platform with Arbitrum One, Ethereum's leading Layer 2 network. Expected impact: The collaboration will enable Paxos to leverage Ethereum liquidity faster and at lower costs. Arbitrum Capabilities: Arbitrum One is known for its high performance and scalability, making it easy to integrate real-world assets.

Paxos, a leading tokenization platform, will integrate Arbitrum, marking its first foray into the Ethereum layer-2 ecosystem, according to a Sept. 10 statement shared with CryptoSlate.

Paxos will integrate with Arbitrum to enhance its presence in Ethereum's ecosystem and facilitate institutional adoption of on-chain real-world assets.

Stablecoin issuer Paxos is set to launch its products on the Ethereum Layer 2 blockchain Arbitrum One as it expands its services.

Story Highlights The live price of Lido Dao is With a surge, Lido Dao could go as high as $5.782 by the end of 2024. LDO price with a potential surge could reach a maximum of $22.112 by 2030.

Arbitrum's bullish breakout targets 25% gains - large transactions and rising activity spark excitement.

Amid the broader volatility, the DeFi tokens are making news with a potential breakout rally ahead. With the Uniswap team under pressure from the CFTC team and the fine of $175,000, PancakeSwap takes an interest in smart money.

Arbitrum was on the verge of a bullish breakout, which could result in a 25% price rise soon.

Major Crypto exchange Coinbase has revealed additional listings this week. Specifically in the past day, Coinbase announced the addition of zkSync (ZK) to its listing road map.

In this bearish market sentiment, Nansen's CEO, Alex Svanevik has made a significant move that could trigger a sharp price drop in Lido DAO (LDO). On September 6, 2024, the on-chain analytic firm Lookonchain made a post on X (previously Twitter) that the CEO had dumped 3 million LDO tokens worth $2.89 million to Coinbase.

An early investor in LidoDAO, Alex Svanevik, divested the last LDO tokens from his wallet. Other whales are transacting the token, while ETH staking is facing challenges due to lower L1 fees.

Renegade, a new defi dapp on Arbitrum claims they're the first ever on-chain darkpool with “zero MEV, slippage, or price impact.” “Traders have lost billions to MEV, copy trading, statistical.

Financial data modeling platform Truflation has launched a new data dashboard and this one has a specific crypto slant. While the assets it tracks are primarily of the real-world variety – plus BTC – the data it includes is partially for the benefit of protocols tokenizing RWAs.

Offchain Labs hopes Stylus will give developers a chance to experiment with different tooling environments while maintaining EVM compatibility.

Offchain Labs introduces Arbitrum Stylus on mainnet, enabling DApp development with WebAssembly languages, boosting performance, and lowering gas fees.

TL;DR The Arbitrum Foundation has announced the upcoming election of the Arbitrum Security Council, an essential component for blockchain governance. Despite a recent 2.97% drop in the ARB price, the upcoming election could influence the future value of the cryptocurrency.

This reduced its total supply by 9,171,676 CAKE tokens, equivalent to a staggering $15 million. Token burns like these are a critical part of PancakeSwap's tokenomics, helping to manage the supply of CAKE.

The leading crypto firm Wintermute has rolled out Lido Staked Ethereum (stETH) as collateral for OTC trading. This move marks a major milestone for the crypto market, with discussions soaring as the crypto can now be used outside of decentralized finance (DeFi).

PancakeSwap has seen the price of its native token rise slightly after the multi-chain decentralized exchange announced it had burned more than 9 million of the tokens. The price of PancakeSwap (CAKE) rose by about 2.3% following the announcement.

DEX volumes dropped slightly in August as Ethereum dApps led, followed by Solana and Arbitrum

The market's hostile environment is currently hindering altcoins gaining in the short term. With the broader market down by 2%, LDO losses mounted up to 18% since last week, continuing to end this week with pain for investors in the short term.

Lido DAO (LDO) has been under the spotlight recently, not just for its role in the Ethereum staking ecosystem but also due to the significant market activities involving Wintermute, a leading market maker. The LDO token, currently priced at $1.