Sunray Finance may have lost the value of its SUN token, after a smart contract exploit on Arbitrum. The total loss after rogue SUN token minting is more than $2.8M, but the attack may mean Sunray DEX never launches.

TL;DR Synthetix has proposed acquiring Kwenta, an exchange derived from its ecosystem, to unify operations and enhance services. The acquisition values each KWENTA token at 17 SNX, with a token swap valued at $13.2 million. The integration would involve dissolving Kwenta's governance and merging it with SNX's Spartan Council.

DeFi protocol Synthetix is setting its sights on acquiring Kwenta, a derivatives exchange that emerged from Synthetix itself in 2020. The post Synthetix Eyes Acquisition of Former Spin-Off Kwenta to Bolster DeFi Derivatives appeared first on Cryptonews.

Lido has announced the integration of Chainlink's Cross-Chain Interoperability Protocol (CCIP) to enable cross-chain staking across Ethereum layer-2 networks such as Arbitrum, Base, and Optimism, according to an Oct. 29 statement shared with CryptoSlate.

Offchain Labs introduces Timeboost, a protocol enhancing transaction ordering on Arbitrum chains, balancing speed and MEV protection. Discover how it aims to improve blockchain efficiency.

RARI Chain and Arbitrum are teaming up to launch DeFi Days — offering workshops, quests, and contests to help creators explore new crypto-earning opportunities.

The v3 launch marks the DeFi protocol's first big product rollout after a governance overhaul in October.

After years of refinement, Ethereum, the world's largest smart contracts platform, is scaling. However, it does not scale in the way most decentralization purists desire.

Arbitrum (ARB) finds itself at a critical juncture in the cryptocurrency market, with its price hovering near the significant resistance level of $0.61. The current trading environment suggests that bullish momentum is building, leading many traders and investors to speculate whether ARB can successfully break through this barrier.

The cryptocurrency market continues to recover, with Bitcoin holding steady at around $69,000 and Ethereum reclaiming the $2,700 mark, investors are buzzing with excitement. Many analysts believe we are on the cusp of a significant Altcoin Season, where mid-cap and small-cap altcoins could see explosive growth.

Arbitrum (ARB) is showing potential for a breakout, with momentum suggesting a move toward $0.68.

Bitcoin (BTC) continues to demonstrate strength, maintaining a trading price above $68,000, despite the common pattern of reduced trading volumes over the weekend. Meanwhile, analysts are turning their attention to potential upward movements for Arbitrum (ARB) and Ethereum (ETH) in the weeks ahead.

Ethereum co-creator Vitalik Buterin on Monday said he hopes to witness the future decentralized autonomous organization (DAO) having more ways to obtain highly decentralized and permissionless formal membership. Buterin claims any currency is permissioned currently and there is even a continuous tradeoff space between the ApeCoin and ZuVillage levels of permissionedness.

Solana's price surged, with strong social dominance driving its momentum this week.

Base soared to new TVL and hit stablecoin market cap highs this week.

The derivatives liquidity protocol Synthetix (SNX) witnessed more development activity than any other project in the decentralized finance (DeFi) sector in the past 30 days, according to the crypto analytics firm Santiment. Synthetix aims to serve as a backend liquidity tool for user-facing DeFi projects, according to the protocol's whitepaper.

Radiant confirmed that its lending markets were facing an "issue" Wednesday, urging users to revoke permissions to smart contracts.

DeFi lender Radiant Capital appears to have been exploited on Binance Smart Chain following newly implemented upgrades.

It appears the attack began on Radiant's BNB Chain instance and then moved onto Ethereum Layer 2 Arbitrum.

Arbitrum Orbit is revolutionizing blockchain technology with customizable chains, enhanced decentralization, and interoperability, fostering innovation across the Ethereum ecosystem.

The Ethereum network has registered a huge influx of Layer Two (L2) scaling solutions, led by Base, but some observers are worried about its declining revenue.

Base has emerged as the largest Layer 2 rollup on the Ethereum network, boasting a total value locked (TVL) of $2.49 billion.

Gasless swaps could ease the DeFi onboarding process, bolstering mass crypto adoption among new holders.

Base, a Layer 2 Ethereum network developed by Coinbase, has now become the largest rollup in terms of total value locked.

Significant token unlock events will take place this week - Arbitrum alone will unlock $51 million worth of tokens.

October greets multiple large-cap altcoins with impending $500M token unlock action: shall investors be concerned?

According to data from TokenUnlocks, over $498 million worth of tokens are scheduled for release between October 14 and October 21, 2024, with Arbitrum (ARB) leading the pack. Arbitrum (ARB) is poised to release the largest amount of tokens in terms of value.

Base, the Ethereum layer-2 scaling solution from crypto exchange Coinbase, has witnessed a surge in activity in the past two months and is now gunning for the top spot in the Ethereum ecosystem.

The CEO and an employee of Offchain Labs, which develops Arbitrum, have countered that complex logistics have led to the program's apparent delays.

In a significant development, Coinbase's Layer 2 blockchain, Base, is on the verge of surpassing Arbitrum as the largest Ethereum Layer 2 by total value locked (TVL), a cryptocurrency metric used to measure the total value of digital assets locked or staked on a particular decentralized finance (DeFi) platform.

The cryptocurrency universe prepares for another bearish market wave for certain altcoins, raising investor concerns globally. Recent data from the Token Unlocks app indicated that nearly $300M worth of tokens are set to be released into the market over the coming week.

Validators voted to temporarily shutdown the bridge between Hyperliquid and Arbitrum after being served bad data, an incident report explains.

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.