Paxos International has launched its yield-bearing stablecoin Lift Dollar on Ethereum layer-2 network Arbitrum. The UAE-based subsidiary of Paxos, regulated by Abu Dhabi's Financial Services Regulatory Authority, announced the expansion of Lift Dollar (USDL) to Arbitrum (ARB) on Oct.

Paxos International, a UAE-based affiliate of Paxos, announced that the yield-bearing stablecoin issued by a regulated entity – Lift Dollar (USDL) – is now available on the popular Layer 2 chain Arbitrum.

Story Highlights The live price of the ARB token is . Arbitrum Price may reach a maximum of $1.52 by the end of 2024. With a potential surge, ARB coin price may go as high as $11.59 by the end of 2030.

Bitcoin (BTC) remained muted, registering a marginal decline over the past 24 hours. It continues to hover just under the $62,500 mark.

Arbitrum (ARB) is currently in the spotlight. Recently, it has exhibited signs of a bullish pattern, raising hopes among traders and investors alike.

TL;DR In the last week, Cronos, AAVE, and Toncoin have registered a notable increase in transactions by large investors or whales, suggesting a potential rise. Cronos (CRO) experienced a 255% increase in whale activity, driven by the launch of the zkEVM public mainnet and new strategic partnerships.

Large transaction volumes have dropped from a weekly high of 342 million to 93 million.

Some 63% of web3 whitehats now consider hacking to be their primary job, up from 56% in 2023, according to Immunefi.

Layer 2 blockchain Arbitrum is doubling down on Asia with a “strategic bet” on the region's growth.

The crypto weekend witnessed ease from the border market selling pressure fueled by the escalating conflict between Israel and Iran. As Bitcoin holds support above $60,000, most major altcoins, including ARB.

Ubisoft, in partnership with Magic Eden and Arbitrum Foundation, is launching a 10,000-piece NFT collection for the upcoming game Captain Laserhawk: the G.A.M.E.

Magic Eden will soon be minting Ubisoft's upcoming 10,000-piece NFT collection on the Ethereum scaling network Arbitrum to give holders early access to the new game. Minted on the Ethereum layer-2 scaling network Arbitrum, the new Niji Warrior ID NFTs unlock early access to the top-down shooter, enable participation in the game's governance model and

TL;DR Magic Eden and Ubisoft have launched a collection of NFTs based on “Captain Laserhawk: The GAME” on the Arbitrum blockchain. The collection consists of 10,000 NFTs that offer rewards and participation in game governance decisions. This collaboration represents Arbitrum's first mint at Magic Eden.

Holding an NFT for the multiplayer shooter game gives users access to rewards, content generation and influence over governance decisions.

Arbitrum One, a leading Ethereum Layer 2 solution, has achieved over 1 billion transactions since launching its mainnet in August 2021, highlighting its growing dominance in the Layer 2 sector.

Arbitrum One leads in total value locked (TVL) among Layer 2 solutions, currently boasting $14.3 billion.

TL;DR Arbitrum has surpassed 1 billion transactions since its launch in August 2021, establishing itself as the leader in Layer 2 protocols. With a total value locked (TVL) of $2.5 billion, it positions itself ahead of Base, which has a TVL of $2.2 billion.

Arbitrum recently made headlines by breaking 1 billion transactions, a monumental number for decentralized finance. Data coming in from GrowThePie reveals that operations in DeFi alone make up over 20% of all transactions; the layer 2 scaling solution proves to be widely relevant to Ethereum.

Arbitrum One has recorded a total of 1 billion transaction, a feat it attained after 3 years of launch.

Key points:

Arbitrum One, a Layer 2 rollup for Ethereum, has surpassed 1 billion transactions since its mainnet launch in August 2021.

Arbitrum has more than 1B cumulative transactions, of which close to 20% went to DeFi activity. Arbitrum achieved organic growth after launching as a high-profile VC-backed project.

Addressing common misconceptions about Timeboost, a new transaction ordering policy proposed for Arbitrum chains, and clarifying its impact on MEV and transaction ordering.

Top US-based crypto exchange Coinbase is teasing its new wrapped version of Bitcoin (BTC) to Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB). In a new announcement on the social media platform X, Coinbase Assets tells its audience that Coinbase Wrapped Bitcoin (cbBTC) is “coming soon” to the smart contract platform Arbitrum.

Base has breached the $2 billion threshold in total value locked (TVL) for the first time since its launch, as the Coinbase low-cost Layer-2 (L2) continues to record a significant rise in activity.

Competition among Layer 2 networks on Ethereum is heating up. Base, a Layer 2 solution developed by Coinbase, is currently experiencing explosive growth that could lead it to surpass Arbitrum, the current leader in this space.

The daily transaction count on Base is currently two-fold that of Arbitrum.

The cryptocurrency market traded in the green over the past few sessions amid the recovering global economy. As digital assets stole the show with significant surges over the past week, Arbitrum (ARB) was among the top performers, outshining Bitcoin's 6.35% weekly gain with a 20% increase on its seven-day chart.

TL;DR Community-Driven Decision: Treasure DAO is migrating from Arbitrum to ZKsync following an overwhelming community vote. Key Motivations: The move is driven by ZKsync's superior scalability, cost-effectiveness, and enhanced gaming potential, aligning with Treasure DAO's vision for mass adoption.

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.

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.

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.

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.