Arbitrum Foundation sold 10M ARB tokens to cover operating costs

Arbitrum Foundation has made it clear that the 10M ARM tokens that they sold recently were done to fund pre existing contracts and cover near-term operating costs. One such cost was to cover $3.5M setup costs. Since the DAO organization was established and intended to involve users, the traditional thinking of small team decision-making in companies should be changed. After all, web3 projects come from users and grow with the support of users. 

Arbitrum token

Sushiswap DEX served with SEC subpoena

Sushiswap DEX is in deep trouble as their head developer has been served with SEC subpoena. This has called for a legal defense fund that will provide coverage for attorney fees. Amount if you may ask? $3M which will be sent for Kanpai fees, grants and sushi TWAP market sells. 


Change HKD for Bitcoin and other cryptocurrencies with ChangeNow exchange

There are myriad coin exchanging services but not all of them are allowed to operate in Hong Kong, preventing you to exchange HKD for Bitcoin and other cryptocurrencies. ChangeNow is already preparing to get a proper trading license from the SFC and the coin exchanging service has seen whopping 62-percent jump in total number of users and more than 200% jump in overall revenue. 

changenow hong kong

Platypus DeFi exploited for over 8.5 million dollars

Platypus DeFi that claims to redefine stableswaps and reinventing stablecoins was recently hacked for whopping 8.5 million dollars in total. The developers have confirmed this hack on their official twitter account and have already informed various cryptocurrency exchanges to freeze the funds of the hacker. USDT held by the hacker has already been frozen. 

Platypus DeFi

Robinhood token RBH pumped more than 2000-percent

It’s often when we see websites and twitter accounts getting hacked. Earlier today, someone hacked Robinhood’s twitter account and announced RBH token. The tweet said “reminder, we are launching our new token RBH in the Binance Smart Chain. Will be live at 12AM EST and you can be amount the first to buy at starting price of $0.0005.” As you can already make out, there are many grammar mistakes which are not common on Robinhood’s twitter account. 

Robinhood token RBH