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.

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

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.

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

Snax Chain, built on OP Stack, launches September 15th, integrating Wormhole for secure, decentralized Synthetix V3 governance and cross-chain messaging.

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

Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July.

Decentralized finance (DeFi) protocol Synthetix (SNX) is working toward launching its application blockchain, dubbed SNAXChain, according to a blog post published on September 4, 2024. Synthetix SNAXChain To Launch On Optimism's Superchain Infrastructure Ethereum-based derivatives liquidity protocol Synthetix is set to unveil SNAXChain, an application blockchain built on Optimism's Superchain infrastructure.

Leading DeFi protocol Synthetix joins Optimism's impressive Superchain line up.

TL;DR Synthetix launches SNAXchain: Built on Optimism's Superchain infrastructure, SNAXchain aims to enhance governance and expand to more chains and Layer 2 solutions. Optimism Superchain benefits: Expected to boost user interoperability and drive growth, leveraging optimistic rollups to reduce transaction costs.

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.

Synthetix has introduced an application-specific blockchain named SNAXchain using Optimism's infrastructure.

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.

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

Arbitrum has recently exhibited minor fluctuations, trading between $0.59 and $0.61. As of the latest updates, ARB is valued at $0.5977, reflecting a modest gain of 0.85% over the past day and an impressive 11.23% increase over the past week.

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Ondo Finance has launched its USDY yieldcoin on Arbitrum, offering non-US investors access to tokenized US Treasury yields in a major DeFi ecosystem

Tokenized treasury products are gaining widespread adoption on blockchain networks.

Ondo Finance and Arbitrum Foundation have announced the launch of Ondo U.S. Dollar Yield on Arbitrum. In an announcement shared with crypto.news on Aug.

Last week's crypto market recovery defied history that August was predominantly bearish. Bitcoin price gained strength to tap $65,000 from a major crash below $50,000 as investors embraced the Fed's signal for interest rate cuts.

Arbitrum seems to be on the verge of a breakout. Could a 2x rally be just around the corner?

Synthetix faces fierce competition on the DeFi-oriented layer-2.

Synthetix faces fierce competition on the DeFi-oriented layer-2.