Arbitrum

Secret Network highlights security risks in its proposed move to Arbitrum, specifically citing concerns about old code and AI-related exploit vulnerabilities. The team emphasized that security risks are their primary focus in the transition.

Brokerage and crypto exchange Robinhood launched its Arbitrum-powered Ethereum layer-2 network, introducing tokenized stock trading. The public mainnet for this network was opened on Wednesday.

A TV manufacturer is implementing onchain advertisements, with support from Arbitrum. The move highlights a shift towards blockchain-based advertising solutions in the industry.

LG and Arbitrum have launched a blockchain-based bid targeting the $679B ad market. The initiative is part of a broader trend of companies developing their own blockchains for advertising transactions.

LG Electronics is building a new blockchain based on Arbitrum to serve as a platform for placing, buying, selling, and managing digital ads. The Arbitrum token has increased by 5% following the news.

Cash App now allows users to send USDC stablecoins on blockchain networks including Solana, Ethereum, Polygon, and Arbitrum. Despite this expansion, Cash App executive Miles Suter emphasized the company's continued focus on Bitcoin.

Security researchers have identified an ongoing exploit targeting Stake DAO, where an attacker minted 5.4 trillion vsdCRV on Arbitrum and is actively converting the tokens into ether.

Syndicate Labs is shutting down after 5 years of operations, attributing the closure to a shrinking rollup market. The Ethereum rollup ecosystem is increasingly dominated by Arbitrum and Base, which control 68% of the market share according to L2Beat data.

The article discusses the invisible risk of DeFi across chains, where users' aggregate health factor is not visible, leading to potential liquidations during a cascade. A sequence of events can occur when multiple positions deteriorate simultaneously, triggering liquidation bots and further price drops. This creates a contagion path that can be predictable with the right signals.

Variational, a derivatives venue based on Arbitrum, has raised $50 million in Series A funding led by Dragonfly. The company is developing an Omni app for retail-friendly brokerage services, including zero-fee trading. This investment will support Variational's growth and expansion plans.

The author has been using Solana and prefers it over Ethereum L2s due to its faster and more straightforward nature. They find L2s to be more fragmented. The author is curious about others' preferences between Solana and Ethereum L2s for daily use.

A lawyer who previously fought against the seizure of Arbitrum cryptocurrency is now pursuing legal action against Tether for $344 million. This represents a new legal battle in the cryptocurrency sector involving significant financial claims. The lawsuit highlights ongoing disputes over digital asset management and potential regulatory or contractual violations.

Tron is currently outperforming other chains, with a $22M gain in TVL movement, while Ethereum has lost $1B. Morpho pools are showing high yields but are extremely volatile. The market is experiencing a significant rotation of capital into cheaper and faster chains.

A new trading MCP has been launched, providing the last 30 days of trades on various chains with less than 10 seconds latency. It is free to use and allows for various types of analysis. Feedback is being sought from users.

Kelp DAO has burned the exploiter's tokens and outlined a plan to refill rsETH through Aave's Recovery Guardian multisig wallet. The plan aims to complete the refilling process within two weeks. This move comes after attackers' rsETH on Arbitrum was burned.

Aave launches a binding Arbitrum vote to decide the fate of $71 million in disputed Ethereum. The vote aims to resolve the dispute over the ETH. The outcome will determine the future of the funds.

Arbitrum's $71 million in ETH has been cleared for transfer to Aave, despite North Korea terrorism creditors retaining a legal claim. The order protects voters on the transfer from violating the freeze. The ultimate fate of the funds remains unclear.

The author generated 1,000,000 transaction graph visualizations from real Ethereum, Arbitrum, and Polygon data and is training a Vision-Language model to detect DeFi attacks. The dataset is open and available under an MIT license. The goal is to create a model that can identify attack patterns in transaction graphs.

Arbitrum has approved the release of $71 million in ETH, despite an ongoing fight against a U.S. seizure. The move may have significant implications for the crypto market. The exact details of the release are not yet clear.

A Snapshot vote is set to pass, which would move the recovery effort toward a binding onchain Arbitrum governance proposal and release $71M in frozen Kelp exploit ETH. The vote aims to progress the Arbitrum governance. The outcome of the vote could impact the future of ETH.

Aave is recovering from bad debt after Kelp DAO hack, now only 10% short. The hack affected Aave's lending protocol on Ethereum and Arbitrum. Galaxy Digital's Thaddeus Pinakiewicz noted the progress.

The user had issues with MetaMask due to duplicate Arbitrum entries, and has since switched to Rabby for dapps and BenPay for financial transactions. MetaMask is now used as a fallback. The user expresses frustration with the complexity of smart accounts.

The author, who works in the blockchain space, has noticed liquidity issues with larger USDC and USDT exits on the Avalanche C Chain, experiencing high slippage and poor routing. This has led to questions about the broader liquidity situation on Avalanche. The author is seeking input from those familiar with the ecosystem.

The user's MetaMask wallet on Arbitrum was drained of 1434 USDT without authorization, and they are seeking help to identify the source of the issue. The user has already investigated and ruled out several potential causes. The transaction that drained the wallet was a simple ETH transfer to an address funded by SideShift.

Plaintiffs seeking to collect on unsatisfied terrorism judgments against North Korea are attempting to seize frozen ETH from Kelp DAO ahead of a DeFi United vote. The plaintiffs are not victims of the Kelp DAO hack but families pursuing debts tied to North Korea's terrorism-related liabilities.

A US court has issued an order impacting the freeze on Arbitrum's KelpDAO, a decentralized autonomous organization. The order could affect the governance or operations of KelpDAO.

Aave flashloans are failing across multiple blockchain deployments including Ethereum, Arbitrum, and Polygon due to high pool utilization rates leaving no liquidity. The user is seeking confirmation if this issue is protocol-wide, which assets/pools remain functional, and potential workarounds beyond waiting for liquidity recovery.

Kraken added SODAX/SODA to its public listing roadmap, though a confirmed listing is not yet announced. SODAX is developing cross-network DeFi infrastructure across 18 blockchain networks, including Solana, Ethereum, and Arbitrum.

DeFi yields remain extremely high but are driven by short-term incentives rather than sustainable demand. Capital is shifting out of Ethereum protocols like Lido and Aave into newer ecosystems, with notable TVL movements and volatility across pools. Sharp yield drops in several pools highlight the instability of incentivized environments.

A trader lost $1,000 due to fragmented liquidity across Ethereum, Arbitrum, Base, and Polygon. The issue stems from liquidity being split across chains, with no unified execution layer despite functional DEXs like Uniswap and Aerodrome.

Bitquery has launched an MCP server providing real-time access to blockchain trade data across multiple chains, including Solana, Ethereum, and BNB Chain, with 14 days of historical data expanding to 30 days. The server bypasses APIs to offer direct OLAP ClickHouse database access for analytical queries.

Aave has requested Arbitrum to transfer 30,000 ETH from a Kelp exploit perpetrator to the 'DeFi United' relief fund, which has already received $21 million in contributions and could receive an additional $215 million if governance proposals pass.

DeFi projects like Aave, Lido, and EtherFi coordinated to recover stolen rsETH, with contributions from Mantle, Stani Kryzysczak, Arbitrum, and Solana Foundation. The Ethereum Foundation faced criticism for selling ETH during the crisis, highlighting mixed reactions about their role.

The article discusses challenges in stablecoin user experience across blockchain networks, particularly highlighting Solana's ecosystem limitations when funds originate from other chains. It emphasizes the need for cross-network execution tools like SODAX, which operates across 18 networks, to simplify liquidity and routing complexities.

The article highlights Ethereum's role as 'productive money,' a DeFi initiative to restore rsETH backing, and Arbitrum's security council freezing exploited ETH. Key developments include collaborative efforts in decentralized finance and security measures against exploits.

A $71 million freeze on Arbitrum has sparked debate in the crypto community about the true meaning and practicality of decentralization in blockchain platforms.

The KelpDAO attacker converted $175 million to Bitcoin within 36 hours, while Arbitrum froze the associated ETH. The incident highlights the challenges of freezing Bitcoin compared to other cryptocurrencies.

KelpDAO's cross-chain bridge was exploited for $292 million via a fake LayerZero message, with stolen rsETH used to borrow $236M on Aave. The attack triggered panic pauses across DeFi platforms and highlighted a surge in crypto hacks, with $606M lost in April alone.

The article highlights significant differences in trading behavior between Ethereum and Solana traders, using BitQuery's MCP to analyze patterns. Solana traders execute high-frequency trades with many tokens, while Ethereum traders focus on fewer, larger trades. The author proposes a cross-chain wallet profiler to assess trader skill across multiple blockchains.

Arbitrum froze $71 million of stolen funds linked to the KelpDAO exploit, while the official incident report estimates Aave's bad debt at $124 million to $230 million. The incident highlights ongoing security challenges in decentralized finance (DeFi) platforms.