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L2 Crypto Project Blast Crosses $822M in TVL Ahead of Next Year’s Mainnet Launch

Blast has announced that it is hiring for senior DevOps engineer and senior protocol engineer to ensure a timely mainnet launch in February 2024. Amid the heightened demand for liquid staking on the Ethereum (ETH) network from institutional investors, Blast protocol, a layer two (L2) project backed by Paradigm venture capital and Standard Crypto, has set a new record in Total Value Locked (TVL) and community members. According to the latest market data provided through DeBank, Blast...

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FTX and Alameda Research Move $10.8M in Cryptocurrencies to Binance, Coinbase, Wintermute

These asset shifts have also been constantly noticed ever since FTX filed for bankruptcy, leaving many to speculate about the rationale behind the moves. According to a recent tweet by Spot on Chain, crypto accounts linked to the collapsed crypto exchange FTX and its sister trading firm Alameda Research executed over $10 million worth of token transfers across six currencies within a 12-hour span. These movements involve a part of the remaining digital assets still controlled by FTX...

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DEX Platform KyberSwap Faces Exploit Losing $47M

Kyber Network has asked all of its users to promptly withdraw all their funds without clicking on any suspicious links or DMs. KyberSwap, a decentralized exchange (DEX) protocol, has reportedly experienced a $47 million exploit, based on on-chain data. The funds were associated with its Elastic Pools liquidity solution. Unexpectedly, funds from wallets linked to the protocol moved to a single wallet, as highlighted by a user known as Spreek on X. The affected funds include $20.7 million...

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Aribtrum from Off Chain Labs Is Airdropping Its New Native Governance Token

Off Chain Labs, which developed the Arbitrum ecosystem, has announced plans to airdrop $ARB, the new native token of the Arbitrum blockchain which will govern all future operations and protocols. The currency will be given to select individuals to hold and test out until it’s ready to be released to the general investing population. Off Chain Labs Is Paving the Way for a New Governance Asset Those set to receive early access to the coin will include users of Arbitrum...

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Arbitrum Foundation Concedes to ARB Holders’ Demands, Makes U-turn on Earlier Token Transfer Decision

Its new proposals represent a major deviation from the path that Arbitrum was initially towing. The Arbitrum Foundation has responded to last week’s protests of its community of ARB token holders by proposing two new motions. This follows after the huge backlash that erupted over the earlier plans of the foundation to move 750 million ARB tokens to one of its own wallets, albeit in a quiet manner. Arbitrum Foundation Floats Two New Proposals According to a Wednesday proposal, which was...

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Arbitrum Foundation Offers Explanations to Alleviate FUD from ‘Unauthorized’ 50M ARB Token On-Chain Transfer

Ethereum Layer 2 governance platform Arbitrum Foundation has spoken out following the community FUD from its controversial ARB sale.  The Arbitrum Foundation is taking heat for offloading 50 million ARB tokens on-chain without community consent. ARB’s value slumped 11% following the sale, with the Foundation explaining it utilized the proceeds in the DAO’s interest. The Foundation also revealed it loaned 40 million ARB from the total on-chain transfer to a financial markets player. In...

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