In Brief:
Arbitrum’s homepage briefly crashed as users rushed to claim their ARB tokens.
The majority of eligible wallet addresses are expected to receive 625 tokens.
The claiming process resulted in unexpected errors such as RPC limit “exceeded.”
Early claimants likely sold their holdings on the market as the price of ARB fell from a high of $8.67 to $1.4 in the first 30 minutes after claims began.
The Arbitrum airdrop of it…
In Brief:
Bitcoin’s price has surpassed $23,000 due to recent banking issues in the United States, leading to an increase in demand for cryptocurrency.
USDC, a stablecoin, has regained its dollar peg after experiencing a period of chaos due to a banking problem in Silicon Valley.
The correlation between US banking problems and the surge in cryptocurrency prices raises questions about the future of the traditional banking system…
