The R Roundup: Arbitrum Airdrop Attraction — Issue #80
Anticipation is rarely met with satisfactory deliverance; however, Arbitrum’s latest announcement may be the first concrete example in crypto.
This week, it was announced that the Ethereum layer-2 Arbitrum would launch its native token, $ARB, through an airdrop as anticipated. The $ARB token will act as a governance token for the ecosystem, as the announcement of the token came alongside the news of Arbtrium having a self-executing DAO.
Early Arbitrum users can all check their eligibility for the airdrop as conversations floated, speculating what price the token could rise to. Arbitrum was the first L2 to overtake Ethereum's daily transactions, coupled with its vast ecosystem, which positions it to cause inevitable FOMO.
Uniswap Launches On BNB🦄
Uniswap has always been seen as a core feature of Ethereum. Still, as the crypto world teeters closer to a multichain one, Uniswap proposed putting V3 of the protocol on BNB.
The vote concluded with a final proposal passing which sees Uniswap officially live on the BNB chain.
“With BNB Chain’s thriving and dedicated community, scalability, and accessibility, it is a launchpad for all things Web3, where protocols looking to reach larger audiences can grow,” Alvin Kan, Director Of Growth At BNB Chain.
Bitcoin Activism Outside Silicon Valley Bank🍊
Last week's Issue was filled with the contagion of the Banking collapse in the US. Silicon Valley Bank, partially responsible for the $USDC depeg, was one of the largest to collapse.
A van displaying an interesting but clear message to the facilitators of the US financial system stood outside Silicon Valley Bank saying:
“Be Your Own Bank”
A simple message displaying the potential of decentralization as the war between regulators and crypto continues.
European Smart Contract Regulation🇪🇺
As regulators attempt to define the complex technology that constructs crypto, the European Parliament adopted legislation under the Data Act on Tuesday, changing how smart contract developers can deploy and design their smart contracts.
The effects of the regulation on crypto aren’t apparent as the legislation isn’t explicitly focused on just our precious tokens. It focuses on data from several connected devices.
Smart contracts under the regulation fall under Article 30 of the Data Act, citing “essential requirements regarding smart contracts for data sharing.”
The markets will undoubtedly change after states and regulators finally conclude what this technology is to them.
Ethereum Set For Shanghai April 12th🇨🇳
Talks of the Shanghai upgrade have been driving Ethereum’s sentimental value through the roof & finally, the devs have given us a date.
Core Ethereum developers have set the date April 12th as a target to release the anticipated Shanghai-Capella upgrade on mainnet.
This upgrade enables validator staking withdrawals on the main network, leading to a surge in liquid stakers.
As a reminder, this is not a trading signal or investment advice; it is an opinion, and each trader/investor should know and understand the risks of trading cryptocurrencies. This should not be regarded as financial advice; feel free to familiarise yourself with our NFA disclaimer.
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