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 Community wants Arbitrum Foundation to return 700M ARB to DAO Treasury

Community wants Arbitrum Foundation to return 700M ARB to DAO Treasury


Published: 2023-04-09


1. Main topic: Arbitrum Foundation under fire for keeping $700m in ARB tokens from DAO Treasury The article reported a major controversy involving the Arbitrum Foundation,a scaling solution for Ethereum,for holding $700 million worth of its native ARB tokens taken from the DAO Treasury. Members of the Ethereum community have criticized the move and called for the immediate return of the funds. The foundation claims that this is necessary for the long-term development of the platform,but many have expressed doubts and concerns over the foundation's transparency and accountability in handling the funds.

2. Topic 2: The impact of the controversy on the Ethereum ecosystem The controversy has sparked debates and discussions in the Ethereum ecosystem,highlighting the challenges and complexities of governance and decentralization in the cryptocurrency space. Some argued that the incident undermines the principles of decentralization and community governance that Ethereum is built upon,and that the foundation's actions may set a bad precedent for other Ethereum-based projects. Others expressed hope that the situation would lead to greater transparency and accountability in the management of cryptocurrency projects.

3. Topic 3: The potential consequences and future developments of the controversy The controversy has yet to be resolved,and it remains to be seen what actions,if any,will be taken by the Arbitrum Foundation in response to the community's demands. The incident has raised wider concerns about the governance and transparency of cryptocurrency projects and could lead to further scrutiny and regulation from authorities. On the other hand,it could also spur greater community involvement and oversight in the governance of cryptocurrency projects,which could ultimately lead to more trust and adoption.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 65,096.65 2,253,968,627.10
2 ARS title=ARS 1,084.80 1,785,853,399.60
3 ETH title=ETH 2,985.00 855,695,395.32
4 PEPE title=PEPE <0.01 794,666,314.30
5 SOL title=SOL 153.93 595,986,336.78
6 FLOKI title=FLOKI <0.01 286,059,170.00
7 WIF title=WIF 2.91 256,826,545.50
8 DOGE title=DOGE 0.15 244,375,676.69
9 BOME title=BOME 0.01 185,222,008.43
10 PEOPLE title=PEOPLE 0.05 161,031,657.39
11 XRP title=XRP 0.51 158,501,619.80
12 NEAR title=NEAR 7.81 146,170,709.84
13 RNDR title=RNDR 10.75 143,862,387.24
14 ENA title=ENA 0.72 141,224,755.17
15 WLD title=WLD 4.92 133,231,689.12
16 AEVO title=AEVO 0.79 119,669,994.03
17 RUNE title=RUNE 6.12 117,368,061.91
18 BONK title=BONK <0.01 90,487,733.48
19 AVAX title=AVAX 33.98 64,698,194.55
20 ORDI title=ORDI 37.92 56,381,944.62
21 AR title=AR 45.57 54,846,269.05
22 OP title=OP 2.47 52,538,815.29
23 ICP title=ICP 12.41 42,594,052.46
24 ARKM title=ARKM 2.37 41,833,472.48
25 1000SATS title=1000SATS <0.01 41,078,487.76
26 PENDLE title=PENDLE 4.40 40,597,198.79
27 JTO title=JTO 4.00 40,423,559.28
28 SUI title=SUI 0.97 39,808,316.89

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 ConstitutionDAO title=PEOPLE 0.05
+50.61
2 Immutable title=IMX 2.43 +18.64
3 Axelar title=AXL 1.06 +17.08
4 Arweave title=AR 45.57 +16.61
5 Sei title=SEI 0.52 +15.13
6 FLOKI title=FLOKI <0.01 +14.96
7 Bittensor title=TAO 387.70 +14.70
8 Pendle title=PENDLE 4.40 +14.01
9 GMX title=GMX 31.87 +13.18
10 THORChain title=RUNE 6.12 +12.23
11 NEAR Protocol title=NEAR 7.81 +11.97
12 Galxe title=GAL 3.47 +11.62
13 iExec RLC title=RLC 3.27 +11.56
14 DeXe title=DEXE 13.12 +11.34
15 Chromia title=CHR 0.31 +11.26
16 Stafi title=FIS 0.48 +11.16
17 JasmyCoin title=JASMY 0.02 +10.94
18 JOE title=JOE 0.47 +10.64
19 BEAMX title=BEAMX 0.02 +10.39
20 Vanar Chain title=VANRY 0.18 +10.09
21 Wanchain title=WAN 0.25 +10.07
22 PowerPool Concentrated Voting Power title=CVP 0.37 +10.04
23 Nano title=XNO 1.15 +10.03
24 Ocean Protocol title=OCEAN 0.93 +9.97
25 SingularityNET title=AGIX 0.92 +9.89
26 BakerySwap title=BAKE 0.29 +9.64
27 Reserve Rights title=RSR <0.01 +9.62
28 PIVX title=PIVX 0.32 +9.61
29 CyberConnect title=CYBER 7.79 +9.59
30 Tokocrypto title=TKO 0.42 +9.40

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Aevo title=AEVO 0.79 -24.47
2 Keep3rV1 title=KP3R 77.36 -9.43
3 Alpine F1 Team Fan Token title=ALPINE 1.76 -7.04
4 Manchester City Fan Token title=CITY 3.20 -5.64
5 Lisk title=LSK 1.87 -3.25
6 Viction title=VIC 0.44 -3.12
7 AS Roma Fan Token title=ASR 3.72 -2.83
8 UMA title=UMA 3.65 -2.43
9 Bluzelle title=BLZ 0.37 -0.77
10 Starknet title=STRK 1.14 -0.61
11 ARK title=ARK 0.81 -0.46
12 Pepe title=PEPE <0.01 -0.29
13 Pax Dollar title=USDP 1.00 -0.01

Bitcoin's Greed and Fear Index.

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64
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