Arbitrum(ARB)

Tarbert will guide the company’s global strategy as it contends with regulatory issues in the U.S.

Heath Tarbert will serve as the company's chief legal officer and head of corporate affairs, bringing experience with all three branches of government.

Several key applications will support Arbitrum-based USDC like Aave, Balancer, Camelot, Coinbase, Curve, GMX, Radiant, Trader Joe and Uniswap.

The cryptocurrency market continues to experience significant volatility, with two of the top 100 cryptos, Mask Network (MASK) and ApeCoin (APE), declining. These tokens’ price fluctuations persist in a negative direction, leaving investors hoping for a potential rebound soon. In contrast, the Uwerx presale generates increasing excitement as it maintains an upward trend. This cryptocurrency project aims to make a remarkable contribution to the freelance economy, attracting bullish sentiment from investors. Here’s what’s happening in these crypto projects recently. ApeCoin (APE) Is Fueling the Next Metaverse Evolution Launched by Yuga Labs in March 2022, ApeCoin (APE) is the backbone for incentivizing and powering activities within the ApeCoin network. Notably, ApeCoin (APE) has emerged as the leading metaverse token in terms of market capitalization. A key milestone for ApeCoin (APE) has been the introduction of staking, enabling users to lock a portion of their ApeCoin (APE) holdings and participate in transaction validation. With its attractive features, ApeCoin (APE) has garnered significant popularity. Users benefit from low transaction fees, ensuring cost-effective transactions. The network also offers instant transaction processing, enhancing the overall user experience. Moreover, ApeCoin (APE) seamlessly integrates with popular gaming platforms, further driving its appeal in the metaverse space. As the metaverse continues to evolve and gain traction, ApeCoin (APE) stands out as a prominent player, fueling the virtual ecosystem and offering a range of benefits to its users. However, ApeCoin (APE) has steadily declined over the last 30 days. As of writing, ApeCoin(APE) is up by 1.5%. However, it is down by 14% in the last 30 days, with its 24-hour trading volume decreasing by 16.86%. MASK Network (MASK): Powering The Revolution of Social Apps MASK Network (MASK) is an encrypted social messaging platform enabling secure crypto transactions and file-sharing. Its native token, $MASK, facilitates crypto transfers, grants access to platform features, and allows participation in community voting. Recently, MASK Network (MASK) has been in the news. MASK Network (MASK) recently revealed its 3rd Web3 Social Grant round, collaborating with Gitcoin and offering a $50k matching pool. They have also sponsored Decentralized Social Afternoons to foster a vibrant community. In addition, MASK Network (MASK) invested in Telegram's TON, aiming to provide innovative solutions to a broad user base. Furthermore, they received 257,540 ARB tokens from Arbitrum, distributing them to incentivize active community members and support the Mask DAO treasury. However, MASK Network’s (MASK) price has recently declined. The token is down by 2% as of writing. Its 24-hour trading volume has also slumped by 14.83%. Uwerx (WERX) Presale Continues to Surge Uwerx, an innovative cryptocurrency platform for freelancers and clients, is gaining traction with its exciting services and 1% flat fee. Having already secured audit approval from SolidProof and InterFi, Uwerx is currently in its stage 5 presale, moving past stage 1 to 4 within a few weeks while selling millions of WERX tokens. As a result of the rapid success of Uwerx's presale, the Uwerx team adjusted its token allocation, with the presale getting a boosted 57% (427.5 million WERX tokens) of the 700 million total token supply. The team has also announced that the stage 5 presale is set to go live soon. Furthermore, the native token, WERX, is currently priced at $0.041, experiencing significant growth from its starting price of $0.005. Industry experts are highly optimistic about the future of the Uwerx token, predicting it to surpass $3 by Q1 2024. However, Uwerx is achieving more success in other areas of the project. Excitingly, the anticipated Alpha Version of the platform has been launched, featuring the landing page and sign-in/sign-up pages. Additional features such as login, user dashboard, job posting, job search, and more will continue to be rolled out weekly/bi-weekly. Transition to the Beta version will follow soon, allowing users to test the new platform. Users can provide valuable feedback by emailing [email protected] Uwerx has also introduced a new feature called the Uwerx Vault, enabling users to stake their tokens for a preferred duration and earn rewards. As of writing, Uwerx has obtained 5,546 sign-ups and 1,627 and 1,456 followers on Twitter and Telegram, respectively. Initially planned to be locked for 25 years after the presale, the developer's liquidity tokens will be locked sooner after 82.8% of the Uwerx community votes in its favor. Details regarding the lock date will be announced shortly. Additionally, 92.8% of the Uwerx community has approved a test airdrop to validate user wallet addresses. The Uwerx team also plans to renounce ownership of smart contracts upon listing on centralized exchanges, highlighting their commitment to decentralization. With the recent price increase, Uwerx is nearing its proposed $0.095 to $0.115 launch price as the presale is set to close on July 31, 2023. So seize the moment to invest in the crypto market’s next big thing today and get a 15% bonus on all purchases. Buy Presale: https://invest.uwerx.network Telegram: https://t.me/uwerx_network Twitter: https://twitter.com/uwerx_network Website: https://www.uwerx.network Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

A federal judge has dismissed a lawsuit against PoolTogether, a decentralized finance (DeFi) startup. The lawsuit against PoolTogether was filed in 2021 and alleged that the platform operated in a way that allowed users to scam consumers and evade financial regulation. Lawsuit Against PoolTogether Dismissed In the ruling dismissing the lawsuit, Judge Frederic Block stated that the federal court system was not the appropriate platform to air concerns related to PoolTogether and its operations. This means that many watchers who were anticipating how the courts would handle matters related to decentralized finance would likely have to wait longer. The lawsuit, filed in 2021 by software engineer Kent was among the first to turn to the courts to rule on how the law would apply to decentralized finance. The judge stated in the order, “While Kent no doubt has genuine concerns about PoolTogether—including its legality under New York law—a suit in federal court is not an appropriate way to address them.” DeFi protocols and applications are designed to be completely anonymous and are governed by a community of token holders instead of the entity or individual that creates them. In the lawsuit, Kent alleged that PoolTogether violated New York State’s gambling laws and allowed users to evade financial regulations and scam customers. In the complaint against PoolTogether, Kent stated that the platform was essentially a lottery. Judge Refuses To Be Drawn In The judge refused to dive into the legal questions raised by the lawsuit, focusing instead on where it belonged. The judge asked Kent’s lawyer if the case was better suited to a state court rather than a federal one. Furthermore, the judge’s statements during the hearing for arguments over the motion to dismiss the lawsuit suggested he would rule in favor of PoolTogether and its investors. PoolTogether Skeptical About Motives PoolTogether and its founder, Leighton Cusack, disputed the lawsuit and, in a motion filed in 2022, sought to have Kent’s claims dismissed or push him to arbitrate the matter. PoolTogether has also questioned whether Kent could bring in a lawsuit against the company in the first place. The platform and other defendants have also questioned Kent’s motives behind the lawsuit, adding that he was not harmed by putting his digital assets. The Judge seemed to agree with these statements, stating that putting funds into PoolTogether was a matter of choice and that it was done willingly by the petitioner. However, the judge also seemed to acknowledge the validity of the questions raised in the lawsuit, stating, “We’re dealing with the exotic world we live in today. In this whole new area, there are lots of questions that haven’t been answered.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Provider of AI infrastructure to the crypto, blockchain, and Web3 industry, ChainGPT has just announced the successful rollout of its NFT Generator prototype to the general public.Try the ChainGPT AI NFT Generator: NFT.ChainGPT.org | Learn more: ChainGPT.org Connected to the Binance Smart Chain, the ChainGPT generator is an AI-powered visual synthesizer that transforms text prompts into breath-taking images and NFT collections. From unique 1-of-1 memorabilia to an assemblage of 10,000 pieces, users are now just 30 seconds away from deploying their imaginations on-chain. Entrepreneurs of from all walks of life are looking to integrate NFTs into their project supply chains to strengthen the relationships with their communities and expand their product suites. However, creating NFT collections manually has been extremely costly in time, effort, and money. ChainGPT is lowering the barriers to entry by compressing costs by order of magnitude, streamlining the creative process, and packaging everything into a comprehensive user interface, the AI-powered generator is fulfilling the promise of equalizing the playing field and inviting a new caliber of market participants into the world of Web3. Whether a verbal artist, computer engineer, or somebody without any technical background, the ChainGPT AI Generator will deliver the highest quality results. Ilan Rakhmanov, CEO of ChainGPT said: "At ChainGPT, our main focus is to solve real web3 problems by utilizing AI. Making simple tasks like generating NFT collections, affordable, and well... simple.” Creating on-chain NFT collections was never easier. Try it yourself: https://NFT.ChainGPT.org. Leveraging all leading technological breakthroughs in the fields of machine learning, NLP, and transformer architecture in its design, the ChainGPT AI NFT generator has been purpose-built to realize the most abstract ideas and turn arbitrary concepts into tangible, visual, on-chain products. On a mission to get AI technology into the hands of the masses and on-board them into Web3, ChainGPT is changing the game and differentiating its NFT generator from any other by working on architectural solution to move the entire computational process on-chain as well. By bringing the entire creative cycle on-chain, a higher degree of quality assurance can be enabled and counterfeit activity deterred with fully traceable object provenance. About ChainGPT ChainGPT is the provider of AI-powered infrastructure for the crypto, blockchain, and Web3 industry. From automated smart contract generation and auditing, to autonomous community management, advanced Web3 AI chatbot, AI-powered news aggregation, and NFT generation, ChainGPT is the most sophisticated, end-to-end AI solution on the market. —> To learn more about ChainGPT visit the official ChainGPT.org website Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Geneva, Switzerland, June 7th, 2023, ChainwireJust over two weeks ago, on May 15, 2023, the TRON DAO team revealed the results of the HackaTRON Season Four competition. A portion of the prize pool, 500,000 USDD was shared among the top projects. The final milestone payment is currently being processed for judge-selected qualifiers, contingent upon the fulfillment of the project team to successfully deploy their dApp on either the TRON blockchain or BitTorrent Chain MainNets by June 1, 2023.There were over 625 participants from 172 projects across six tracks, including DeFi, Web3, NFT, and GameFi, alongside the new Builder and Eco-Friendly tracks. Five from each track were selected by an esteemed panel of judges as the most promising projects, and each was given 30% of their respective prize when results were announced on May 15.Judge-Selected Top FivesFirst place in each of the judge-selected tracks receives 20,000 USDD, with second place receiving 15,000 USDD, third place 10,000 USDD, and fourth and fifth places 8,000 and 6,000 USDD, respectively.The new Builder track recognized teams returning to the hackathon that have made significant updates to their projects. The ones who completed their blockchain deployment milestone were, in order of selection:“Farming-as-a-Service” project by Elk FinanceGalaxy Throne by Galaxy ThroneJustMoney Spot by JustMoneyTronNRG by TronNinjasTronQL by TronQLThe Eco-Friendly track showcased projects working towards sustainability and environmental stewardship via the TRON Climate Initiative. The ones who completed their blockchain deployment milestone were, in order of selection:EcoMarket by EcoMarketMusiCoinCity by ElfWebCarboEx by CarboExForGreen by ForGreenBlockForest by BlockForestThe projects from the DeFi track that completed their blockchain deployment milestone were, in order of selection:Ergon by USTXCloak by CloakMyFend by Fend GroupSorrel Banq by Paracosm LabsSwirl Ads by Team SudoThe projects from the NFT track that completed their blockchain deployment milestone were, in order of selection:BobbyBot.Trade by SteamSamhita DAO by HeritageSpeakSealKey by TRONNuggetzThe projects from the GameFi track that completed their blockchain deployment milestone were, in order of selection:Duelers from TRONJoyRevoluTRON by Irruption LabCukies: Rush & Run by Cukies WorldThe projects from the Web3 track that completed their blockchain deployment milestone were, in order of selection:TrustSight by The TRONaclesDaren Market by Daren MarketTronSave by TronSaveProvyLens by LensCraftersYinbox by Jeffrey LewisAs mentioned above, the initial judge-selected qualifiers received 30% of their allocated prize for placing in the top five of their respective track on May 15, 2023. They were given until June 1, 2023, to deliver a functional, decentralized application on either the TRON or BitTorrent Chain MainNets in order to receive the remainder of their prize. The projects mentioned above successfully completed this requirement.Community Forum Top FivesThe TRON DAO Forum community voted to select “community” winners, as well. Read about who the community forum selected as the top five projects from each track on the TRON DAO blog.This season, there were also three bonus prizes for the best performances in project engagement, determination, and community contribution. The ten recipients of the community contribution prize were announced on May 15, 2023. The winners of the project engagement prizes and determination prizes were finalized on June 1, 2023, and they are:Season 4 PROJECT ENGAGEMENT Prize Recipients (3,000 USDD per prize):Zombieland by Team ZombieOnChain Vision by OnChainDevSeason 4 DETERMINATION Prize Recipients (5,000 USDD per prize):Bird Catcher Game by Team HunterUjjo Wallet by Why Not?Classic Chords by ChordiansThe TRON DAO team is thrilled with the quality of projects from Season 4 of the HackaTRON. Hackathons are just one of the ways developers are welcomed to #BUIDLtheFUTURE with TRON. Learn more about all that’s happening across the TRON ecosystem at TRONDAO.org.About TRON DAOTRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps.Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of June 2023, it has over 164.8 million total user accounts on the blockchain, more than 5.78 billion total transactions, and over $12.3 billion in total value locked (TVL), as reported on TRONSCAN.In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country.TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | ForumContactHayward [email protected]

Iconic DC Super Hero Film, Superman, is being released as a multimedia living movie experience from Warner Bros. Home Entertainment and Eluvio. The experience Includes 4K UHD Feature Film and Special Features, Interactive Themed Navigation, Explorable Image Galleries, Discoverable Digital Easter Eggs, and more. Warner Bros. Home Entertainment, in partnership with content blockchain pioneerEluvio, announced the next instalment of the WB Movieverse with the iconic DC Super Hero filmSupermanWeb3 Movie Experience. The film is available for preview athttps://web3.wb.comand opens for purchase on June 9, 2023. The release ofthe SupermanWeb3 Movie Experience follows the 2022 first-of-its-kind Web3 entertainment offering‘The Lord of the Rings: The Fellowship of the Ring(Extended Edition)’ Web3 Movie Experience. The SupermanWeb3 Movie Experience is a multimedia non-fungible token (NFT) for fans to own and to engage with the 1978 Richard Donner film in a new and exciting way. Through dynamic menu options based on iconic locations from the film, owners can watch the movie in 4K UHD on a desktop, mobile, tablet or TV device. Viewers can access special features, view image galleries and artist renderings by notable DC artists, discover digital easter eggs, and sell the experience in a community marketplace. TheSupermanWeb3 Movie Experience will be offered instandard and premium editions. Standard Edition $30 for one week from 8:00 AM ET on June 9 to 7:59 AM ET on June 16 Includes an interactive location-based navigation menu,Superman: The MovieTheatrical Version, previously released special features and an image gallery featuring stills and behind-the-scenes galleries. Premium Edition $100 for 24 hours from 8:00 AM ET on June 9 to 7:59 AM ET on June 10 Includes three different variations separately available for purchase: Truth, Justice, and Hope. Each variation features an illustration of Christopher Reeves’ Superman from one of three DC artists - Ivan Reiss, Ben Oliver, or Bill Sienkiewicz. Each variation includes an interactive and explorable location-based navigation menu and three versions of the feature film –Superman: The MovieTheatrical Version;Superman: The MovieExpanded Director’s Cut, andSuperman: The MovieExtended TV Edition Additionally, each is debuted with previously-released special features, image galleries featuring costume and detail images from the Warner Bros. archive, and stills and behind-the-scenes galleries. The Superman Web3 Movie Experience will include a free voucher code for aDC3Super Power Pack: Series Supermanfrom theDC NFT Marketplace, offering three randomly selectedSupermancomics with rarities ranging from Common to Legendary. These packs are time-gated, open-edition drops, limited to one per account. New themed packs will launch every few weeks, so stay tuned for updates. Early access to all editions of theSupermanWeb3 Movie Experience will be available to DC Bat Cowl NFT holders at 8:00 AM ET on June 8, to DC3 holders at 11:00 AM ET on June 8, and toThe Lord of the RingsWeb3 Movie Experience holders at 2:00 PM ET on June 8. Michelle Munson, CEO and co-founder of Eluvio said: “For fans of this beloved and iconic film,Superman: The Movieis being released as an exclusive Web3 film and immersive digital collectable for the first time. As part of the WB Movieverse, consumers can easily watch, collect, and sell their film Web3 Movie Experiences on the blockchain in the Movieverse marketplace. For Warner Bros., and the broader industry, Eluvio is honored to back this novel digital sell-through experience for 4K films and premium video assets – all streamed from and backed by secure blockchain access and ownership on the Eluvio Content Fabric.” TheSupermanWeb3 Movie Experience will be available to the public on June 9, exclusively athttps://web3.wb.com, and can be purchased by credit card or cryptocurrency. To participate in this novel experience, fans can create a secure, easy-to-use media wallet that acts as a digital vault and enables consumers to stream and purchase content via credit cards or crypto wallets. Superman Web3 Movie Experience Powered by Eluvio Eluvio, a pioneer of Web3 innovation throughout the media and entertainment industry, powers the SupermanWeb3 Movie Experience. The Eluvio Content Blockchain provides a high-performance, simple-to-use, cost-effective Web3 platform built for content. It enables Web3 native media experiences, allowing publishers and fans to directly enjoy and monetizeshows, films, concerts, digital albums, digital collectables, interactive and metaverse experiences, and more. Content creators, and their communities, benefit from a significantly more carbon-efficient and high-performance alternative to traditional platforms for content streaming, distribution, and storage, including 4K streaming, ticketing, NFT minting, and trading of premium content. Notably, in this experience, the core digital assets and derivative NFTs are all on the blockchain, not just the token (NFT) itself. Warner Bros. Discovery Home Entertainment and fans enjoy blockchain-backed access control and content rights enforcement, scalable attestation of ownership, smart contracts that enable distributed royalties, and content experiences that can evolve. Eluvio’s Content Blockchain also provides a breakthrough in carbon-footprint efficiency in managing media, using blockchain technology, and on-chain content ownership. Through a novel compositional and just-in-time protocol, the Eluvio Content Blockchain does not make digital file copies. It significantly reduces network storage and usage requirements compared to traditional streaming and content distribution systems. It uses an eco-friendly “proof-of-authority” consensus, which avoids the high energy consumption used in computational “proof-of-work” blockchains. About Warner Bros. Home Entertainment Warner Bros. Home Entertainment (WBHE) distributes award-winning movies, television, animation, and digital content produced by Warner Bros. Discovery to the homes and screens of millions through physical Blu-ray Disc™ and DVD retail sales and digital transactions on major streaming sites, video-on-demand cable, satellite, digital, and mobile channels. WBHE is part of Warner Bros. Discovery Content Sales,one of the world’s largest distributors of entertainment programming. About Eluvio, Inc. Eluvio(https://eluv.io) is the content blockchain for the creator economy. The Eluvio Content Fabric is a utility blockchain network for owner-controlled storage, distribution, and monetization of large-scale digital content. It provides live and file-based content publishing, transcoding, packaging, sequencing, dynamic and static distribution, and derivative NFTs minting for all content experiences. Examples of companies and creators whose content blockchain initiatives have been powered by Eluvio include FOX Entertainment, Globo, MGM Studios, Microsoft, SONY Pictures, Telstra, Warner Bros. Home Entertainment, WWE, The Masked Singer,Dolly Parton, Black Eyed Peas,Rita Ora, independent filmmakers, and many others. Eluvio is led by Emmy Award-winning technologistsMichelle MunsonandSerban Simu, founders and inventors of Aspera, a pioneer in digital video transport technology, and a core team of innovators. Based inBerkeley, California, Eluvio has received numerous industry awards, including the prestigious Engineering Excellence Award by the Hollywood Professional Association and has been recognized with 11 US patents. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Optimism, the Ethereum Layer 2 scaling solution, is preparing to roll out its "Bedrock" upgrade today, June 6th. The step is considered to be a significant leap towards becoming a utility-oriented "Superchain" featuring reduced gas fees and significantly faster transaction finality and block rendering. The Ethereum-based protocol's vision of its technological progress towards becoming a Superchain, which is to say an interconnected network of interoperable and highly composable blockchains, is getting nearer through these planned enhancements. Optimism Bedrock Update The Bedrock update is expected to go live by 16:00 UTC today via Optimism's mainnet.“Bedrock was named Bedrock for a reason. It is the foundation for the Superchain," shares Karl Floersch. Floersch currently serves as CEO and and is co-founder at OP Labs, the development organization behind Optimism and its suite of blockchain products.The move is considered an instrumental point towards the transformation of Optimism. With the upgrade, all associated and integrated chains either constructed within or designed in alignment with the OP tech stack (developer tooling, APIs, and SDKs) will be linked over, enabling smooth communication over a unified ecosystem. Floersche emphasizes further that the "Superchain" status isn't a mere moniker, it is, in essence, a long-term vision towards producing an industry standard with the OP Stack as a baseline. Among the key features outlined in anticipation of the upgrade is a 40% reduction in gas fees through an optimized data compression strategy. This means that Bedrock is set to introduce internal mechanisms that will curtail the reliance towards block reorganization, which costs a significant amount of resources on the side of a Layer 2 chain such as Optimism. Block-based reorganizations (reorgs) are instances in which a blockchain simultaneously produces two blocks, hence generating a duplicate blockchain. The code changes set out in Bedrock will effectively cut down confirmation intervals for deposits to approximately 60 seconds, down from the average interval of 600 seconds for the same typical transaction. Key Enhancements To Expect On Optimism Bedrock Update Another well-intentioned upgrade that comes with the Bedrock update is slew of enhancements to proof of modularity in the OP Stack. This open-source toolkit provides developers with functionalities for providing customizable environments on the Optimism blockchain, opening constructs and experiences for users who wish to leverage validity proofs and fault proofs within the OP Stack. Alongside the transaction upgrades, this feature set wil provide a performance boost for node-related functions across the Optimism ecosystem. Another significant advancement Bedrock brings to the table is facilitating Optimism's transition to a multi-client ecosystem. Floersch claims that Optimism will be the first layer 2 protocol to boast multiple clients, thereby enhancing system resilience by eliminating potential single points of failure. Client software is utilized to operate the blockchain, with layer 1 blockchains like Ethereum relying on several clients to ensure network security. The upgrade process is expected to last between two to four hours. During this period, deposits and withdrawals will be temporarily suspended, and the chain will be momentarily paused. What is Optimism? Optimism functions as a scaling solution for Ethereum, allowing users to carry out transactions on the blockchain at a lower cost while retaining the underlying security of Ethereum. It utilizes a technology called an “optimistic rollup,” which consolidates multiple transactions into a single transaction, consequently accelerating transaction speed and reducing gas fees. The layer 2 landscape atop Ethereum has witnessed stiff competition in recent months. L2Beat statistics indicate that Optimism's closest rival, Arbitrum, leads the pack with a total value locked (TVL) of $5.69 billion, with Optimism trailing with a TVL of $1.68 billion. The Bedrock upgrade, however, is expected to boost Optimism's competitiveness. Alternative solutions to optimistic rollups, like ZK Rollups, have also been gaining traction. Polygon and Matter Labs recently introduced their zkEVMs, a type of ZK Rollup compatible with the Ethereum Virtual Machine, providing users with more choices for faster, cheaper transactions on Ethereum. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Prominent stablecoin issuer Circle announced that they would launch USDC natively on top of Arbitrum starting on June 8, 2023, and they will be replacing the abridged version of the stablecoin. A competing project, Tradecurve, will allow users the ability to create AI-powered trading bots with the ability to optimize the performance of their portfolios, leading to better efficiency. >>BUY TCRV TOKENS NOW>BUY TCRV TOKENS NOW>BUY TCRV TOKENS NOW<< Alongside that, traders are able to build their own communities, and members can automatically copy their trades through a subscription model. Tradecurve's team will implement Proof of Reserves (PoR) to bolster transparency. There's also high leverage starting at 500:1, a VIP account service, a dedicated Trading Academy, and negative balance protection. Users are not required to complete KYC, making it a truly borderless platform accessible from anywhere. TCRV is now at Stage 3 of its presale, where one token is worth $0.015. A total of 23,637,981 TCRV tokens have already been sold, and its next price increase will be by 20% at $0.018 at Stage 4. Analysts predict that the price of TCRV can climb by 100x at launch, especially as it will get listed on Tier-1 exchanges and on Uniswap&rsquo;s DEX. Learn more about Tradecurve and the TCRV token below: Click Here For Website Click Here To Buy TCRV Presale Tokens Follow Us Twitter Join Our Community on Telegram Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Arbitrum has shown a sign of strength in the last 24 hours, but the price still looks bearish from a short-term perspective. Though, it is currently consolidating above a key support level. Since the price dropped to a key psychological level of $1 in May, ARB took a breath and subjected price actions to a […]

A recently proposed draft bill could set clearly defined roles for the SEC and the CFTC, giving much-needed clarity to the U.S. crypto industry. Let&rsquo;s find out more. Bitcoin USDT stablecoin issuer Tether has announced its plans to set up Bitcoin mining operations in Uruguay using renewable energy. DeFi The Uniswap DAO has voted against a proposal to turn on protocol fees for liquidity providers. The poll saw 45% opposed to turning on proposal fees, while support for two fee plans was divided. The Multichain team has been unable to reach the protocol&rsquo;s CEO and gain the necessary server access for maintenance works. Altcoins Stablecoin Tether has fought through the challenging stablecoin market and propelled its market cap to reach an all-time high of $83.2 billion. Circle has announced that it will be launching the USDC stablecoin natively on Arbitrum on the 8th of June, 2023. In an impressive milestone for the Avalanche (AVAX) ecosystem, the platform has successfully surpassed the coveted one million monthly active users (MAUs) mark. Business Hong Kong-based First Digital Group has announced the introduction of a new stablecoin that will be pegged to the United States Dollar but regulated in Asia. A report by independent journalist Colin Wu claimed that Binance, the world&rsquo;s largest crypto exchange by trading volume, may have cut its staff by as much as 20%. The world&rsquo;s leading social trading platform, BingX, announced the launch of a peer-to-peer trading feature that allows users to buy and sell crypto directly with P2P merchants. In a move to streamline operations and reduce expenses, blockchain analytics firm Nansen has announced a significant reduction in its workforce. Gulf Binance, a partnership between crypto exchange Binance and Gulf Energy&rsquo;s innovation division, Gulf Innova, received approval in Thailand for a digital asset operator license. Balinese authorities said they would crack down on foreign tourists who pay for products and services using cryptocurrencies. Regulation Republican lawmakers Patrick McHenry and Glen Thompson have introduced a draft bill proposing clear roles and delineation of authority between the SEC and CFTC regarding crypto. The Central Bank of UAE has set forth comprehensive guidelines for digital asset KYC, to be implemented next month. Crypto exchange Crypto.com announced it had been granted a Major Payment Institution license for Digital Payment Token services from Singapore&rsquo;s central banking institution. The European Union (EU) has formally signed new legislation on crypto licensing (MiCA) and money laundering rules into law. An Indonesian rental car owner was arrested by Bali police at his business premises after it was alleged he accepted crypto for payments. ByBit has become the latest cryptocurrency exchange to exit Canada and plans to shutter all services and products offered in the country. Republican congressman Warren Davidson has stated that a tentative deal aimed at stopping the US government from defaulting on its debts potentially scuppers a proposed 30% crypto mining tax. The Bank of Japan has announced the completion of the second stage of its CBDC program and is now moving ahead with its pilot project. NFT Reddit NFTs have seen staggering success since their launch, with the platform registering 10 million NFT holders and hitting $32 million in sales. Web3 Wallet-as-a-service provider Magic has successfully raised $52 million in a strategic funding round led by PayPal Ventures. Germany's Deutsche Telekom has joined Polygon as a validator, signaling its support for the Ethereum layer-2 scaling protocol and expanding its involvement in the blockchain technology space. Security Jimbos Protocol has contacted the Department of Homeland Security in an effort to reclaim the funds that were stolen via a flash loan exploit on the 28th of May. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

ARB price notched a double-digit gain after a popular DeFi whale address resumed buying the governance token, but is the rally sustainable?

Circle intends to overcome the Ethereum network's scalability issues and give users quicker and more affordable transactions by introducing USDC natively on Arbitrum.

Bitcoin is trading over 1% higher on Friday and certain cryptocurrencies have broken trend before the US unemployment figure is released later today. Worse jobless figure expected With Federal Reserve Chairman Jerome Powell intimating that he is ok with the economy going into recession and &ldquo;things breaking&rdquo;, as long as inflation can be beaten, it does look as if the US is entering a risk off period for quite some time. One of the main figures that the Fed looks at before deciding whether the economy needs yet another interest rate hike is the jobless count. The forecast here is for a rise to 3.5% from the previous figure of 3.4%. However, even amidst this gloomy period Bitcoin is still looking like it has entered its bull market and current times are perhaps good ones for accumulating ahead of a possible descent into recession next year. Bitcoin wakes up positive Bitcoin woke up this morning in a positive mood and is moving higher again in its sideways range from around $25,800 to $27,670. Current price is at just over $27,000. Ethereum to steal the show Be that as it may, ethereum looks as though it is making its move in order to steal the show from bitcoin. Ethereum has broken the downwards trendline with bitcoin that has been in force since early January this year. Ethereum dominance has also broken higher and has returned to the levels also seen in early January, but far more importantly these are the same levels from May 21, and even as far back as September 17. A solid and continuous accumulation above this level can potentially see ethereum on route to a flippening of bitcoin. Altcoins running Many of the altcoins are running strongly right now. Arbitrum, the ethereum layer 2 solution, is up around 8% at time of going to press. Andrew Kang, a large holder, is rumoured to have leveraged his position to buy more. Injective Protocol is an altcoin that just runs and runs. It is currently up 10.5% on the day. Ocean, one of the AI-related plays is up 7.4% today having climbed 27.7% just since May 29. Lido, the largest of the liquid staking tokens, another really hot niche, is up 7.3% currently. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

DeFi competition is getting tougher, and projects need help to gain relevance; TMS Network (TMSN) keeps smashing records and achieving unbelievable feats. TMS Network (TMSN) hasn’t stopped growing since its 2023 presale launch, jumping by over 2000% in ongoing presale events. This massive growth is possible due to TMS Network (TMSN)’s unique performance and innovation […]

Circle has announced that it will be launching the USDC stablecoin natively on Arbitrum on the 8th of June, 2023. According to the company, the move will replace the bridged version of the stablecoin from Ethereum, which is currently in circulation. Native To Arbitrum With the announcement by Circle, USDC will be native to Arbitrum and will be the official version of the stablecoin recognized across the Arbitrum ecosystem. It will also eventually replace the bridged version of the stablecoin from Ethereum. In its statement, Circle stated that Arbitrum would rename the Ethereum-bridged version of the USDC stablecoin as USDC.e ahead of the launch of the native USDC on the 8th of June, 2023. The company added that it would also conduct an outreach to other apps in the ecosystem to make the same changes in their documentation and application UI. &ldquo;USDC issued by Circle will be native to Arbitrum and will be considered the official version of USDC for the Arbitrum ecosystem. Over time, native USDC liquidity will grow and replace the currently circulating &lsquo;bridged USDC&rsquo; liquidity that comes from Ethereum.&rdquo; Benefits Of The Native USDC Circle highlighted several benefits of the native USDC launching on the highly popular Arbitrum layer-2 network. According to the company, the biggest advantage would be bringing Cross-Chain Transfer Protocol (CCTP) to Arbitrum. This would eliminate bridge withdrawal delays. Other benefits highlighted by Circle include upgradable smart contracts and the possibility of introducing institutional on and off-ramps, along with other improvements.Upgradable smart contracts would allow Circle to conduct future enhancements to the contract. Circle also talked about liquidity migration in its statement, asserting that Arbitrum would collaborate with all ecosystem apps to ensure a smooth transition of liquidity from bridged USDC to native USDC. The Arbitrum Bridge will not undergo any immediate changes during the transition period. It will continue operating normally and bridge USDC to and from Ethereum. What The Future Holds Moving forward, Circle hopes to bring CCTP to Arbitrum following the launch of the native USDC stablecoin, which would allow the stablecoin to move natively to and from Ethereum and other chains within minutes, eliminating withdrawal delays. The announcement comes a month after Circle had announced the mainnet availability of the Cross-Chain Transfer Protocol (CCTP). Circle has also announced plans to expand the Cross-Chain Transfer Protocol to other chains in late 2023. Back in April, Circle&rsquo;s Vice President of Product, Joao Reginatto, explained that the Cross-Chain Transfer Protocol would give USDC native interoperability across the Web3 ecosystem. He further added that it would help the protocol address issues related to capital inefficiency and liquidity in decentralized finance (DeFi). &ldquo;With CCTP, developers can simplify the user experience, and their users can trust that they are always transacting with a highly liquid, safe, and fungible asset in native USDC. This milestone makes USDC a natively multi-chain digital dollar.&rdquo; Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The company expects to bring CCTP to Arbitrum after the launch of native USDC to eliminate withdrawal delays.

USDC stablecoin developer Circle will replace the current version of its token with one running natively on the Arbitrum network.

Version 2 of Jimbos protocol was attacked over the weekend for $7.3 million, just days after going live.

BTC and stocks look to rally after US lawmakers potentially reach a deal on the debt ceiling.

The attacker took advantage of the lack of slippage control of liquidity conversions to steal the funds.

SOL, VET, ARB, NEAR, and SHIB are today's top performers from the larger-cap alts.

Ripple, Litecoin, and Arbitrum have added the most value from the top 50 alts today.