News Explorer — Offchain Labs’ Arbitrum Takes Aim at Industry’s Trickiest Problem: The Blockchain Trilemma

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Offchain Labs’ Arbitrum Takes Aim at Industry’s Trickiest Problem: The Blockchain Trilemma

Offchain Labs is working on solving the blockchain trilemma by developing a rollup-based network called Arbitrum. With a total value locked of $5.68 billion and a measured daily seven transactions per second, Arbitrum is leading the competition in scalability. The team is particularly excited about permissionless validation, which allows users to trust only one honest validator and protect their assets in real-time.

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Aug 1, 1:52 am

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Offchain Labs’ Arbitrum Takes Aim at Industry’s Trickiest Problem: The Blockchain Trilemma

Offchain Labs is working on solving the blockchain trilemma by developing a rollup-based network called Arbitrum. With a… Read Summary

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Cointelegraph

$866B Defense Bill Amendment Could Pose Compliance Challenges for Stablecoin Issuers

Berenberg analyst Mark Palmer warns that a recent amendment to the 2024 National Defense Authorization Act could introdu… Read Summary

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Coindesk

Traders Are Shorting Curves CRV Token Amid Fears of Founder’s Potential Liquidation

Curve’s CRV token is facing a decline as traders take short positions due to the potential liquidation of the founders b… Read Summary

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Jul 31, 6:01 pm

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Blockchain Sleuths Link BALD Liquidity Rug Pull to Sam Bankman-Fried

Speculation is growing that former FTX CEO Sam Bankman-Fried, currently under house arrest, may be behind the liquidity… Read Summary

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Jul 31, 4:37 pm

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Judge Refuses to Dismiss SEC Lawsuit Against Terraform Labs Despite Ripple Ruling

U.S. District Judge Jed Rakoff denied Terraform Labs’ motion to dismiss the securities fraud lawsuit filed against it by… Read Summary

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Jul 31, 3:24 pm

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How an Ethereum Bot Used Uniswap to Save $5.4 Million From Curve Exploit

A trading bot took advantage of an issue with the programming language Vyper to exploit liquidity pools on Curve Finance… Read Summary

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Jul 31, 2:10 pm

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Barbie’s Margot Robbie Says Bitcoin Is for ‘Kens’—While Mattel Pushes NFTs

Margot Robbie playfully criticized Bitcoin as a stereotypically male conversation topic, referring to it as a “Ken” beha… Read Summary

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Jul 31, 12:39 pm

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BALD Token Deployer Rug Pulls a Day After Launching on Base

Scammers took advantage of the newly launched Bald token on Coinbase’s Base ecosystem, resulting in a rug pull where $25… Read Summary

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Jul 31, 12:31 pm

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Ron DeSantis Promises to End ‘Biden’s War on Bitcoin’, Toss CBDC ‘Into the Trash Can’

Florida Governor Ron DeSantis, a presidential hopeful, has pledged to end the Biden administration’s alleged attack on t… Read Summary

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Jul 31, 9:49 am

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Tether Reports $850 Million Q2 Profit, $72 Billion Exposure to US Treasuries

Tether Holdings Limited, the issuer of the USDT stablecoin, reported a Q2 profit of 850 million, increasing its total ex… Read Summary

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Jul 31, 8:12 am

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SEC Charges Hex Founder Richard Heart for $1B Unregistered Securities Offering”

Richard Heart, the founder of Hex, has been charged by the SEC for conducting unregistered securities offerings that rai… Read Summary

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Jul 31, 4:00 am

Coindesk

Web3 Fantasy Sports Platform Sorare Adds Fiat Payment Option

Web3 fantasy sports company Sorare has introduced support for fiat payments, allowing users to pay in U.S. dollars, euro… Read Summary

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Jul 31, 3:07 am

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SEC Asked Coinbase to Delist All Cryptocurrencies Except Bitcoin, Says CEO

The SEC reportedly asked Coinbase to stop trading all cryptocurrencies except Bitcoin before suing the exchange. Coinbas… Read Summary

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Jul 31, 2:55 am

The Block

Ethereum Experienced a Record $11M Payday in MEV Block Rewards Due to Curve Finance Exploit

Ethereum saw a surge in maximum extractable value (MEV) block rewards due to an exploit on Curve Finance. Over 6,000 ETH… Read Summary

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