#arbitrum

BlackRock, the largest investment firm in the world, has expanded its BUIDL RWA fund to five new blockchains, including Aptos, Arbitrum, Avalanche, OP Mainnet, and Polygon. Until now, BUIDL was exclusively available on Ethereum.

The Arbitrum Foundation announced its partnership with Paxos to bring its network to the regulated tokenization platform, making Arbitrum the first Layer-2 blockchain to do so. This collaboration is a key step toward building a network designed for institutional adoption.

This week attack targeted KyberSwap’s Elastic pools, impacting funds across various blockchains, including Arbitrum, Ethereum, Polygon, Optimism, and Base.

Pools with tokens such as SOL, XRP, ARB and DOGE on the GMX platform are showing APR above 60% (at the time of writing) after the activation of Arbitrum incentives.

The proposal initially outlined a tiered system for token allocation, offering options of 1%, 1.5%, or 1.75% of the total 10 billion ARB supply as staking rewards.

Treasure DAO, which is set to launch its own gaming network, is considering migrating to the Layer 2 blockchain ZKsync instead of Arbitrum, citing a more suitable infrastructure for decentralized games. A vote is scheduled for September 17 to allow users time to discuss the proposal.

Concentric, a liquidity management protocol on the Arbitrum network, has suffered an exploit. A social engineering attack on a team member enabled a hacker to access the wallet utilized for smart contract deployments.

Following a community vote, Arbitrum has decided to disburse the remaining ARB tokens from its initial round of grant funding. Out of the numerous projects, only 29 secured enough votes in the first round.

Leading Italian automaker FIAT, in partnership with the Zealy platform and Arbitrum blockchain, is set to release 55,000 exclusive FIAT Pass NFTs today at 11:00 a.m. ET. These NFTs will be distributed from November 21 to November 30, 2023, on a first-come, first-served basis to users on the whitelist.

Arbitrum's new proposal calls for $2 million to fund a coalition of various analytics firms such as Trail of Bits, Gauntlet and Blockworks Research to conduct a 12-month project management audit.

The lending platform has temporarily halted the Aave V2 protocol on Ethereum and frozen some assets on Aave V3 across Polygon, Arbitrum, and Optimism networks due to a discovered feature glitch.

Coinbase's blockchain, Base, has set a new daily transaction record, reaching 1.88 million transactions. This achievement surpasses its previous high of 1.41 million transactions, established shortly after its launch in August. Notably, this number surpasses the combined daily transactions of both Optimism and Arbitrum, which totaled 878,000 transactions.

After the market crash on August 18, analyst Andrew Kang adopted a bullish stance. He opened long positions on Bitcoin (BTC), Ethereum (ETH), and Arbitrum (ARB). However, this decision resulted in a significant loss. Due to his use of extremely high leverage, which reached up to 100x, Kang's positions became vulnerable and were liquidated not once, but as many as fourteen times. These successive liquidations caused Kang to lose approximately $432,000 in a single day. This incident highlights the risks associated with trading and employing high leverage, especially during periods of intense market volatility.