arb

ChianCatcher news, Offchain Labs co-founder Steven Goldfeder tweeted that Arbitrum has been ahead of its time in several aspects. The team strongly advocated for interactive proof design (which was controversial at the time and has now become the standard for optimistic Rollups); chose to establish a business when the business model was still highly controversial; focused on DeFi when most people had not yet understood perpetual contracts and many had given up on DeFi; and launched a dedicated blockchain when the industry generally believed that more chains were unnecessary.Facing backlash each time, but now the industry is aligning with the direction they set from day one: building robust and high-performance financial infrastructure. Goldfeder is proud of the Offchain team for delivering world-class products at an incredibly fast pace and stated that they will continue to deliver, even if most people currently do not understand its necessity; the industry will soon understand.

Dongfang Gangwan Chairman Dan Bin responded to investors' doubts, stating that Changjiang Dongfang Gangwan No. 2 is still fully invested. Before the deep correction in July, the fund heavily invested in AI industry chain targets, maintaining its positions without significant reductions, and has experienced a considerable pullback following the AI sector.In 2023, Dongfang Gangwan seized the global AI core opportunities represented by Nvidia, but started its layout in the domestic A-share AI industry chain relatively late, fully committing to heavy investments only by 2026.During the significant market drop in July, Dongfang Gangwan did not panic sell or make large reductions, only making very minor structural adjustments.

Blockstream CEO Adam Back criticized the arguments of BIP-110 supporters, stating that the claim "Bitcoin supports spam data" is incorrect, and that all Bitcoin participants dislike network spam data. Adam Back pointed out that Bitcoin cannot achieve absolute censorship at a mathematical level, and that the BIP-110 proposal itself has many flaws that prevent it from functioning effectively, thus it has not gained network consensus. He emphasized that forcibly pushing rule changes without consensus could ultimately lead to a fork similar to Bitcoin SV (BSV).Previously, BIP-110 sparked community controversy for attempting to limit non-financial data storage on the Bitcoin blockchain. Supporters of the proposal planned to push for rule changes through a user-activated soft fork (UASF), but currently, miner support has not reached the activation requirement, and the market is concerned whether this controversy will further evolve into a split in Bitcoin network governance.

According to the token unlock data from the crypto asset data platform RootData, Arbitrum (ARB) will unlock approximately 12.353 million tokens at 9:00 AM Beijing time on August 16, worth about 9.65 million USD.

According to TradingBeats (formerly Hyperinsight) monitoring, the whale starting with 0xf17 began synchronously selling HYPE spot today and buying to close an equivalent amount of perpetual short positions, planning to continue exiting the carry trade positions. This address previously held HYPE spot and contract short positions at a nearly 1:1 ratio, earning positive funding rates by hedging against price fluctuations. Based on a pre-reduction position of approximately 146,800 units, both legs have now been reduced to about 107,900 units, each decreasing by nearly 39,000 units, a reduction of about 26.5%.Currently, two sets of TWAP orders still in execution plan to handle a total of 90,000 HYPE: approximately 33,200 units have been sold on the spot side, with a transaction amount of about 1.8 million USD; approximately 33,100 units have been closed on the contract side, with a transaction amount of about 1.795 million USD. Including previously completed orders, the current round of contract short positions has cumulatively decreased by about 39,000 units, with the current nominal value of spot and short positions each around 5.87 million USD, and the total scale of both legs approximately 11.74 million USD, reduced by about 4.24 million USD compared to before the reduction.As the whale withdraws, the HYPE carry trade yield has also fallen from its high. According to daily statistics: the cumulative funding rate for HYPE dropped from +0.0279% on August 1 to +0.02227% on August 3, a decrease of about 20.2%; in the last 4 hours: the cumulative funding rate also decreased by 19.1% compared to the previous 4 hours. Based on the current short position size, its daily gross funding income has fallen from about 1,638 USD to 1,308 USD. Weekly statistics: from July 28 to August 3, the cumulative rate was about +0.17803%, down 16.9% from the high week of +0.21425% from July 14 to 20. The HYPE funding rate is currently reported at +0.0013%, with an expected annualized yield of about 10.9%.

According to the official report from Ostium, the core of this attack lies in the intrusion of the off-chain price reporting system's permissions, unrelated to smart contract vulnerabilities. After gaining off-chain authorization, the attacker submitted forged prices (5,000 USD and 60,000 USD) to the BTC-USD market using the legally registered forwarding paths of the protocol, completing an atomic open-close arbitrage cycle within the same transaction, and starting with a rolling scale of 100 USDC. Through 8 transactions, they extracted 23.75 million USDC from the OLP treasury within 5 minutes, until the treasury's circuit breaker mechanism was triggered.The root cause is the lack of a multi-party approval mechanism at the same level as on-chain multi-signature in the off-chain infrastructure, creating a single point of permission vulnerability. The stolen funds have been converted to ETH and mixed through Tornado Cash, and tracking efforts are still ongoing.

Dutch crypto finance protocol Tori Finance announced that its institutional-grade Delta neutral yield product strUSD has completed a $50 million pre-deposit fundraising before its official launch, reaching the cap in just 7 days. Tori stated that strUSD offers an annualized yield of approximately 12%, with returns derived from global arbitrage trading strategies traditionally used by financial institutions, rather than from the circulation of funds in the crypto market. This strategy achieves low correlation with crypto market cycles by borrowing in low-interest currencies, investing in high-interest markets, and utilizing foreign exchange hedging to lock in dollar returns.Tori founder Samed Duzcay mentioned that such trades were previously mainly participated in by large institutions like pension funds and banks, which typically required a funding threshold of tens of millions of dollars and involved complex processes such as local bank accounts, custody, tax, and compliance approvals. Tori opens up these institutional strategies to ordinary users through on-chain tokenization. Users can deposit USDC or USDT to obtain the synthetic dollar asset trUSD and stake to earn strUSD. This asset is based on the ERC-20 standard and can be integrated with DeFi protocols such as Morpho, Pendle, and Curve, and can also be used as collateral for lending to further amplify returns.Tori claims that the protocol constructs an on-chain balance sheet through zero-knowledge proofs and trusted execution environments, with independent verification agency Accountable conducting real-time audits of off-chain fund situations; digital asset investment firm RockawayX serves as the risk management party and anchor liquidity provider. Additionally, Tori's smart contracts have been audited by Sherlock and Nethermind, and Hypernative has been introduced for round-the-clock security monitoring, with all contract upgrades set to a 24-hour delay mechanism. Tori stated that its goal is to bring the neutral yield strategies used by traditional financial institutions for decades into the on-chain financial system, promoting the integration of real yields with DeFi infrastructure.

According to Blockaid's monitoring, the Arbitrum ecosystem protocol AFX was attacked at 5:30 AM Beijing time, targeting a cross-chain bridge operated by the protocol. So far, approximately 24.15 million USDC has been stolen. Blockaid stated that it is working with the Arbitrum team to respond to the incident, communicate with the affected protocols, and assist in freezing the stolen funds.In addition, Offchain Labs co-founder Steven Goldfeder responded on the X platform, stating that the Arbitrum team has noted the reports of the cross-chain bridge attack on Arbitrum and is investigating. Goldfeder confirmed that the related transactions originated from a third-party protocol, and the Arbitrum native bridge was not attacked or exploited. The team will coordinate with the third-party team and provide more details.

According to SEC Form 4 documents, Circle President and former CFTC Chairman Heath Tarbert has sold CRCL stock a total of 10 times since June 2025, with a total reduction amounting to approximately $30.77 million. Publicly disclosed documents indicate that his transactions mainly involve stock sales and option exercises, and he currently still holds about 503,000 shares of the company, with no records of increased holdings in the open market.Previously, in an interview with FOX Business, Tarbert responded to the drop in CRCL stock price from around $260 to about $62 by stating that the company is focused on long-term development, and mentioned that if Circle can achieve its mission of building internet financial infrastructure, the stock price will ultimately provide the answer (The stock will take care of itself).

According to The Block, Trezor's Chief Business Officer Danny Sanders refuted recent criticisms of cryptocurrency hardware wallets made by blockchain investigator ZachXBT.Earlier this week, ZachXBT posted on Telegram, "All hardware wallets are complete garbage and I do not recommend using them for important tasks such as signing transactions or storing funds," and suggested that users use a dedicated iPhone to store funds and sign transactions.In response, Sanders acknowledged in an interview that firmware/software updates for hardware wallets can sometimes interfere with urgent or large transactions, and that the user experience can indeed be "clunky," understanding the users' frustration. However, he opposed ZachXBT's blanket statement: while hardware wallets may not be the best single solution for advanced users managing large amounts of funds, they are not garbage.He pointed out that compared to hardware wallets, the operating system and connectivity features of an iPhone present more "attack risks." For the average cryptocurrency user, hardware wallets remain the best self-custody option available.

According to the Financial Times, based on the latest publicly available court documents, the stablecoin issuer Circle had banned the crypto fund Heka Funds, supported by Tether, at the end of 2023 due to suspicions that it was manipulating the market through large-scale arbitrage operations and helping Tether expand its market share. The documents show that during the Silicon Valley Bank (SVB) crisis in 2023, USDC briefly fell below the $1 peg. Heka continuously bought discounted USDC in large quantities and redeemed it for cash from Circle. Circle believed that Heka's redemption scale far exceeded that of other market participants and suspected that the related funds ultimately flowed to Tether to help expand its USDT market size.Arbitration documents also revealed that Tether had invested about $800 million in Heka, accounting for about 75% of the fund's assets, and waived the stablecoin minting fees. The arbitrator found that Heka did not truthfully disclose its supportive relationship with Tether and was aware that the related information would raise concerns for Circle. In 2024, Heka initiated arbitration due to its account being frozen, claiming approximately $49 million in lost profits. In February of this year, the arbitrator dismissed all of Heka's claims, determining that it had engaged in malicious behavior and ordered it to pay Circle about $166,000 in attorney and expert fees. Heka denied any market manipulation and stated that it had never been subject to regulatory investigation; Circle declined to comment, and Tether did not respond to media requests for comment.

According to Blockaid monitoring, the Lumi Finance protocol on Arbitrum is currently under attack, with approximately $270,000 in funds having been transferred out.

Binance Research released a report on tokenized stocks showing that bStocks has increased the number of tokenized stock assets from 5 to 25 in less than a month since its launch, with a market capitalization approaching 300 million USD.In terms of user participation, among 190,417 bStocks users, 41.5% only trade bStocks, while 58.5% participate in perpetual contracts and/or stock products. The report also indicates that a total of 2,806 users engaged in cross-market arbitrage, with 206 systematic arbitrage users contributing 198.2 million USD in rapid matching transaction volume, accounting for 96.5% of the relevant transaction volume.The report states that bStocks' appeal is particularly evident during non-trading hours. During regular trading hours, the share of stock spot transaction volume is 52%, while bStocks accounts for 48%; however, during non-trading hours, the share of bStocks transaction volume rises to 58%, surpassing the stock spot's 42%.Additionally, bStocks has begun to extend into on-chain yield scenarios. Currently, the relevant liquidity pools can offer an APY ranging from 32% to 228%, while the yield of the native credit pool is between 5% and 10%, indicating a total TVL of approximately 1.15 million USD.

According to token unlocking data from the Crypto asset data platform RootData, Arbitrum (ARB) will unlock approximately 12.353 million tokens at 9:00 AM Beijing time on July 16, worth about 9.58 million USD.

Offchain Labs co-founder Steven Goldfeder posted on the X platform that as enterprise adoption accelerates, Arbitrum is ready to capture revenue. 10% of the fees collected by Robinhood Chain and all other Arbitrum L2s will flow into the Arbitrum ecosystem—8% will go into a treasury controlled by token holders, and 2% will be used to fund development.100% of the fees collected on Arbitrum One will be allocated to the Arbitrum treasury. According to previous reports, Robinhood Chain is an Ethereum Layer 2 network built on the Arbitrum tech stack.