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Project Overview
Arbitrum, created by the Offchain Labs team, is an Ethereum Layer2 scaling solution based on Optimistic Rollup technology. It leverages the ability to communicate between L1 and L2, allowing any form of Ethereum asset to be transferred between Layer 1 and Layer 2 without the need for trust. Even though Arbitrum transactions are still settled on Ethereum, only raw transaction data is submitted to Ethereum, with execution and contract storage occurring off-chain. This makes the gas fee required on Arbitrum much smaller than on the mainnet, and contracts are fully compatible with no gas limit.
Bitget Wallet Integrates RWA Protocol Reality, Supporting Over 1,700 Tokenized US Stocks
Odaily News: Bitget Wallet has announced its integration with RWA protocol Reality, opening trading access to over 1,700 rToken tokenized US stocks. Through this integration, users can trade tokenized US stocks 24/7 on Arbitrum and Morph without needing to open an overseas brokerage account, submit KYC, complete a W-8BEN form, or arrange a wire transfer. Dividends generated by the corresponding underlying assets will be credited to Bitget Wallet in USDT at a 1:1 ratio.Reality is a compliant tokenized asset issuance platform, licensed under El Salvador's digital asset issuance law framework. Its issued rTokens are backed 1:1 by real US stocks, currently supporting over 1,700 tokenized US stocks including rTSM, rNVDA, rAAPL, and rQQQ, covering approximately 95% of US market trading volume. rTokens can connect directly to liquidity across all US markets including Nasdaq and the NYSE, with underlying assets compliantly custodied by FINRA-licensed broker-dealer Alpaca Securities, maintaining a reserve ratio exceeding 100%, with third-party CPA firms issuing daily real-time Proof of Reserve (PoR). This integration will further advance Bitget Wallet's Everyday Finance strategy, aiming to enable users to seamlessly conduct everyday transactions of traditional financial assets through an on-chain wallet.
New stablecoin bank Fasset secures $68 million in funding led by SBI Group, reaching a $1 billion valuation.
According to CoinDesk, newly established stablecoin bank Fasset has secured $68 million in funding led by SBI Group, achieving a valuation of $1 billion. The company reports an annualized trading volume exceeding $40 billion across 125 countries, with year-over-year revenue growth of approximately sixfold, and has been profitable for 12 consecutive months. Built on Arbitrum, Fasset operates its proprietary Layer 2 network, OWN, delivering stablecoin-settled cross-border payment services for institutional and individual clients. Additionally, it has partnered with SBI Remit to integrate with its remittance network spanning 200 countries.
Polychain and Coinbase-backed Satori Finance Announces Shutdown
Odaily报道: Satori Finance, a multi-chain decentralized exchange backed by investors including Polychain Capital and Coinbase Ventures, has announced it will cease operations and begin the closure process. The platform stated that due to "prolonged unfavorable market conditions," its revenue is insufficient to support continued operations, leading to the decision to gradually wind down. Users must withdraw their assets before 23:59 UTC on July 16, after which the platform will no longer be accessible.In 2022, Satori Finance completed a $10 million seed funding round led by Polychain Capital, with participation from Coinbase Ventures and Jump Crypto. The platform was deployed across multiple networks including Arbitrum, Optimism, and BNB Chain, and initially featured 25x leverage and an "points mining" incentive model. (The Block)
Radiant Capital Announces Shutdown, Unable to Recover from $50 Million Hack
According to The Block, the DeFi lending protocol Radiant Capital has announced it will officially cease operations. The protocol suffered a hack in October 2024, losing approximately $51 million; the attacker gained unauthorized access by deploying backdoor contracts on Arbitrum and BNB Chain. Earlier in 2024, the protocol had also been hit by a flash loan attack, resulting in a loss of roughly 1,900 ETH (approximately $4.5 million). After 18 months of recovery efforts, Radiant Capital stated that it has neither recovered a significant portion of the stolen funds nor secured new financing, declaring that “the DAO has no viable path forward.” The protocol will now enter a “maintenance mode”: its frontend and smart contracts remain accessible, allowing users to withdraw funds, repay loans, and manage positions. Any funds recovered in the future will be returned to affected users.
Web3 fintech startup Jia completes $3 million seed funding round, with participation from Coinbase Ventures and others
: Web3 fintech startup Jia announced the completion of a $3 million seed funding round, with participation from Coinbase Ventures, Stellar Development Foundation, A100x Ventures, TCG, and Hashed Emergent.To date, Jia's total cumulative funding has reached $7.3 million. Jia currently operates multiple decentralized lending pools and introduces liquidity through networks including Base, Stellar, Arbitrum, and Polygon, while utilizing stablecoins for cross-border settlements to reduce remittance costs and settlement times.The new funds will be used to expand features such as corporate bank accounts and cash flow management.
Blockworks completes Series A extension funding at $192 million valuation, betting on the integration of crypto data and information infrastructure
Blockworks has announced the completion of a Series A extension funding round, achieving a post-money valuation of $192 million. The round was co-led by ParaFi Capital and Reciprocal Ventures, with support from Coinbase Ventures, MoonPay Ventures, and several other institutions and industry participants. The funding also attracted investments from over 20 founders and operators of ecosystem projects including Solana, LayerZero, Arbitrum, and Kraken, though the specific amount raised has not been disclosed.The company stated that while the crypto market has grown to a trillion-dollar scale lacking traditional capital market infrastructure, it still faces issues such as fragmented data, inconsistent disclosure standards, and a lack of investor communication mechanisms. Blockworks aims to fill this gap through a "data + disclosure + investor relations" tripartite architecture. (CNBC)
Anchorage Digital Bank Provides Six-Blockchain Custody for MXNB, Bitso Lists USDPT and USAT
Odaily report: Federally regulated digital asset bank Anchorage Digital Bank has expanded its partnership with Bitso to provide custody services for MXNB across six blockchains: Arbitrum, Base, Ethereum, Polygon, Avalanche, and Arc. Bitso stated that its infrastructure already processes 15% of transaction volume on the U.S.-Mexico remittance corridor.Bitso has also listed the U.S. dollar stablecoins USDPT and USAT, issued by Western Union and Tether respectively. Mexican users can directly buy and sell USDPT with pesos through the Bitso app; Western Union agents operating Bitso Business accounts can also exchange USDPT for other supported currencies. (Bitcoin.com News)
Gamdom Suffers Security Attack, Losses Exceed $4.2 Million
According to on-chain investigator vxdb, the Gamdom platform was targeted in a security attack. Preliminary data indicates that attackers stole approximately $2.2 million worth of assets across EVM-compatible chains, including Ethereum, BSC, Polygon, Arbitrum, and Optimism. Additionally, the Solana network suffered losses of around $965,000, while the TRON and Bitcoin networks each lost approximately $375,000 and $668,000, respectively. The total value stolen across all chains now exceeds $4.2 million.
Bitget: Withdrawals to Resume in Phases, Bitcoin Network Withdrawals Opening on September 28
Odaily News: Bitget posted on X platform that the vulnerability involved in the September 24 security incident has been identified and fixed. The team is conducting additional verification and security checks on the withdrawal infrastructure, with Mandiant and SlowMist continuing to assist with the investigation. The temporary suspension of withdrawals is a security measure and is unrelated to the availability of user assets; user account balances have not been affected, and the Bitget Protection Fund will cover the financial impact of this platform-wide incident.Bitget plans to resume withdrawals in phases: Bitcoin network withdrawals will resume on September 28 at 8:00 (UTC); ETH withdrawals on the Ethereum, BSC, Arbitrum, Base, and Optimism networks will resume on September 29 at 8:00 (UTC); USDT withdrawals on the Ethereum, BSC, Solana, and Tron networks will resume on September 30 at 8:00 (UTC); other tokens, fiat, and P2P withdrawals will resume on October 2 at 8:00 (UTC). Trading and deposit services continue to operate, and users do not need to take any action in advance.
Bitget Security Incident 12-Hour Progress Report: Cold Wallets Secure, No Commitment to Withdrawal Recovery Timelines That Cannot Be Fulfilled
Bitget CEO Gracy Chen posted a 12-hour progress report on the security incident on X, including:1. Affected assets include ETH, XRP (largest single-chain loss), BNB, AVAX, USDT, USDC, and other tokens. Affected chains include: Ethereum, XRP Ledger, Arbitrum, Avalanche, Optimism, BSC, and Base. All on-chain cold wallets have been confirmed secure and unaffected.2. All foundations of the affected chains have been contacted, and some foundations have confirmed the freezing of the hacker's wallet addresses.3. Based on IP behavioral characteristics and on-chain analysis, the attack methodology is highly consistent with known patterns of North Korean hacker groups. Relevant authorities have been notified, and full cooperation is being provided for a global investigation.4. Bitget Wallet (decentralized wallet) operates completely independently from Bitget exchange infrastructure, and this incident has no impact on it. Bitget Wallet assets are completely safe.5. Transparent disclosure regarding the platform's financial status: In addition to over $464 million in protection funds (all held in publicly verifiable wallet addresses), Bitget's own assets exceed $1 billion. User funds are covered at a 1:1 ratio, and all data can be verified on-chain.6. Regarding withdrawal recovery timing: The goal is to achieve full recovery as soon as possible. Once a specific time window is confirmed, an announcement will be made immediately. No commitment will be made to timelines that cannot be fulfilled.
Bitget Wallet Integrates RWA Protocol Reality, Supporting Over 1,700 Tokenized US Stocks
Odaily News: Bitget Wallet has announced its integration with RWA protocol Reality, opening trading access to over 1,700 rToken tokenized US stocks. Through this integration, users can trade tokenized US stocks 24/7 on Arbitrum and Morph without needing to open an overseas brokerage account, submit KYC, complete a W-8BEN form, or arrange a wire transfer. Dividends generated by the corresponding underlying assets will be credited to Bitget Wallet in USDT at a 1:1 ratio.Reality is a compliant tokenized asset issuance platform, licensed under El Salvador's digital asset issuance law framework. Its issued rTokens are backed 1:1 by real US stocks, currently supporting over 1,700 tokenized US stocks including rTSM, rNVDA, rAAPL, and rQQQ, covering approximately 95% of US market trading volume. rTokens can connect directly to liquidity across all US markets including Nasdaq and the NYSE, with underlying assets compliantly custodied by FINRA-licensed broker-dealer Alpaca Securities, maintaining a reserve ratio exceeding 100%, with third-party CPA firms issuing daily real-time Proof of Reserve (PoR). This integration will further advance Bitget Wallet's Everyday Finance strategy, aiming to enable users to seamlessly conduct everyday transactions of traditional financial assets through an on-chain wallet.
Arbitrum Activates ArbOS 61 Elara Upgrade, Introducing Optional Compliance Filtering and Priority Fee Support for Dedicated Chains
According to The Defiant, Arbitrum officially activated the ArbOS 61 Elara upgrade on August 20, which was approved for deployment via an ArbitrumDAO governance vote. The core features of this upgrade include: introducing an optional protocol-level transaction filtering mechanism for Dedicated Chains, allowing chain owners to independently select external compliance service providers such as TRM Labs and Chainalysis to configure restricted address rules; the filter is disabled by default and does not affect existing Arbitrum One users; adding Priority Fee support, also disabled by default, with its activation on Arbitrum One still requiring a separate DAO constitutional vote; introducing the BaseFeeManager contract, which authorizes Offchain Labs to adjust the L2 minimum Gas fee within a DAO-approved range of 0.01 to 0.10 gwei over a two-year authorization period; additionally, the maximum code size limit for Stylus contracts has been increased from 24 KB to 96 KB, though this does not apply to Solidity contracts.
74.56 million ARB transferred to Kelp DAO Hacker-tagged address; Binance hot wallet hacker suspected to be part of the same group as the Kelp DAO attacker
Odaily — According to on-chain analyst Aunt Ai, 30 minutes ago, the Binance hot wallet hacker transferred all 74.56 million ARB to address 0x000...0DA0. Arkham has tagged this address as Kelp DAO Hacker, and these tokens have not yet been moved or sold. Kelp DAO suffered an attack on April 18 this year, losing approximately $292 million in rsETH, and at the time the community speculated that the attacker was the North Korean hacker group Lazarus Group.
Arbitrum: Transferred 74.5598 million ARB and 8,425 ETH related to the Binance attack to a frozen wallet
Arbitrum officially announced that the Arbitrum Security Council has taken emergency action to transfer 74,559,805 ARB tokens and 8,425 ETH held by addresses associated with the Binance attack incident on Arbitrum One. Following technical assessment and review, the Security Council transferred the funds to an intermediate frozen wallet via a specific technical solution, without impacting other network states, users, or applications on Arbitrum.
Binance hacker is dumping PEPE, UNI, LINK and other tokens on-chain in exchange for ETH, and still holds multiple altcoins
According to Lookonchain monitoring, the Binance hacker is currently dumping PEPE, UNI, LINK and other tokens on-chain in exchange for ETH. Lookonchain states that the hacker still holds a large amount of altcoins that may face significant selling pressure, including 217.497 million ENA (worth $39.51 million), 7.579 trillion PEPE (worth $34.41 million), 2.575 million LINK (worth $28.07 million), 128,034 AAVE (worth $15.9 million), 74.56 million ARB (worth $11.54 million), 1.938 million UNI (worth $12.62 million), 21.852 million ONDO (worth $8.52 million), 17.318 million WLD (worth $6.73 million), 714.911 million FUN (worth $6.29 million), 87.853 million ZAMA (worth $6.02 million), 3.602 million ZRO (worth $5.69 million), and 3.382 billion RSR (worth $5.02 million).
Binance-labeled wallets saw over $5.6 billion in outflows amid suspected attack
Odaily reports: On-chain monitoring shows that the total assets flowing out of Binance-labeled wallets amounted to approximately $5.643 billion. The breakdown includes: $3.528 billion on Ethereum, $1.449 billion on Bitcoin, $628 million on Tron, and $38 million combined across Arbitrum, Optimism, and Base networks. The tally excludes change outputs and avoids double-counting subsequent transfers and swaps. Tether and USDC issuer Circle have frozen at least $2.316 billion in stablecoins, including approximately $1.493 billion in USDT and $823 million in USDC.
Mayan Transfers Over $2.5 Billion in Assets to Arbitrum, Including Over $2.3 Billion in Stablecoins
according to Arbitrum monitoring, stablecoin inflows on Mayan are performing well. Mayan has previously transferred over $2.5 billion in assets to Arbitrum, including more than $2.3 billion in stablecoins; half of this came from transfers worth $100,000 or more.
A whale withdrew 10 million ARB from a CEX, worth $1.82 million
according to Arkham monitoring, whale address 0x204 withdrew 10 million Arbitrum (ARB) from Bybit within 2 hours, and had previously also withdrawn approximately 73,400 Uniswap (UNI) tokens, with a total value of about $2.34 million.It is worth noting that Arbitrum unlocked over 93 million ARB yesterday, and nearly 500,000 tokens continue to unlock each day thereafter. Despite facing sustained token unlock pressure, the ARB price has still risen significantly recently and has remained at a high level over the past month.
74.56 million ARB transferred to Kelp DAO Hacker-tagged address; Binance hot wallet hacker suspected to be part of the same group as the Kelp DAO attacker
Odaily — According to on-chain analyst Aunt Ai, 30 minutes ago, the Binance hot wallet hacker transferred all 74.56 million ARB to address 0x000...0DA0. Arkham has tagged this address as Kelp DAO Hacker, and these tokens have not yet been moved or sold. Kelp DAO suffered an attack on April 18 this year, losing approximately $292 million in rsETH, and at the time the community speculated that the attacker was the North Korean hacker group Lazarus Group.
Arbitrum: Transferred 74.5598 million ARB and 8,425 ETH related to the Binance attack to a frozen wallet
Arbitrum officially announced that the Arbitrum Security Council has taken emergency action to transfer 74,559,805 ARB tokens and 8,425 ETH held by addresses associated with the Binance attack incident on Arbitrum One. Following technical assessment and review, the Security Council transferred the funds to an intermediate frozen wallet via a specific technical solution, without impacting other network states, users, or applications on Arbitrum.
Arbitrum freezes $30.5 million in ARB, Paxos freezes $215,700 in USDP, total frozen amount reaches $2.829 billion
Odaily report: According to on-chain detective Specter's monitoring, Arbitrum has frozen $30.5 million worth of ARB, and Paxos has frozen $215,700 worth of USDP, with the total frozen amount reaching $2.829 billion.
ZachXBT: Arbitrum Security Council Freezes Approximately $30.5 Million in Funds from Binance Hack
According to monitoring by ZachXBT, the Arbitrum Security Council has executed a transaction to freeze approximately $30.5 million in funds from the Binance attack incident.
Binance hacker is dumping PEPE, UNI, LINK and other tokens on-chain in exchange for ETH, and still holds multiple altcoins
According to Lookonchain monitoring, the Binance hacker is currently dumping PEPE, UNI, LINK and other tokens on-chain in exchange for ETH. Lookonchain states that the hacker still holds a large amount of altcoins that may face significant selling pressure, including 217.497 million ENA (worth $39.51 million), 7.579 trillion PEPE (worth $34.41 million), 2.575 million LINK (worth $28.07 million), 128,034 AAVE (worth $15.9 million), 74.56 million ARB (worth $11.54 million), 1.938 million UNI (worth $12.62 million), 21.852 million ONDO (worth $8.52 million), 17.318 million WLD (worth $6.73 million), 714.911 million FUN (worth $6.29 million), 87.853 million ZAMA (worth $6.02 million), 3.602 million ZRO (worth $5.69 million), and 3.382 billion RSR (worth $5.02 million).
Binance-labeled wallets saw over $5.6 billion in outflows amid suspected attack
Odaily reports: On-chain monitoring shows that the total assets flowing out of Binance-labeled wallets amounted to approximately $5.643 billion. The breakdown includes: $3.528 billion on Ethereum, $1.449 billion on Bitcoin, $628 million on Tron, and $38 million combined across Arbitrum, Optimism, and Base networks. The tally excludes change outputs and avoids double-counting subsequent transfers and swaps. Tether and USDC issuer Circle have frozen at least $2.316 billion in stablecoins, including approximately $1.493 billion in USDT and $823 million in USDC.
Non-USDC ERC-20 tokens can now achieve cross-chain transfers via CCTP, Circle releases developer guide
Odaily reports: Circle has released a developer guide explaining how token issuers can enable cross-chain transfers for ERC-20 tokens other than USDC through CCTP. Issuers can deploy new native cross-chain tokens or configure already-issued ERC-20 tokens as custom CCTP connections; both approaches reuse Circle's messaging and attestation infrastructure and adopt a burn-and-mint model. Issuers can set their own owner, operator, pause permissions, rate limits, and per-transaction transfer caps, and Circle cannot take over control. According to Circle's developer documentation, CCTP for non-USDC went live in September 2026, supporting EVM chains such as Ethereum, Avalanche, OP Mainnet, Arbitrum, Base, Polygon PoS, and Arc, but not non-EVM chains such as Solana.
Anchorage Digital Bank Provides Six-Blockchain Custody for MXNB, Bitso Lists USDPT and USAT
Odaily report: Federally regulated digital asset bank Anchorage Digital Bank has expanded its partnership with Bitso to provide custody services for MXNB across six blockchains: Arbitrum, Base, Ethereum, Polygon, Avalanche, and Arc. Bitso stated that its infrastructure already processes 15% of transaction volume on the U.S.-Mexico remittance corridor.Bitso has also listed the U.S. dollar stablecoins USDPT and USAT, issued by Western Union and Tether respectively. Mexican users can directly buy and sell USDPT with pesos through the Bitso app; Western Union agents operating Bitso Business accounts can also exchange USDPT for other supported currencies. (Bitcoin.com News)
In its first month online, priority fees reached $300,000 in revenue, with 21 million transactions on Arbitrum One using PGA
Odaily report: According to Arbitrum monitoring, one month after Arbitrum One went live, it has generated $300,000 in priority fee revenue, during which 21 million transactions used PGA.
Fhenix Mainnet Launches, Arbitrum Supports FHE Privacy Transactions
Arbitrum posted on X that the Fhenix mainnet has launched, bringing FHE-powered privacy features to Arbitrum. Users can now switch transactions from public mode to private mode via Fhenix Dual Mode.
Multiple Arbitrum DAO governance proposals have entered voting, including an additional 100 million ARB to support the USDG ecosystem.
According to the Arbitrum Foundation Governance Forum summary, Arbitrum DAO currently has four temperature check votes concluding on October 22, covering the Ethereum Glamsterdam upgrade adaptation, L1 governance recovery mechanism, treasury ETH transfer, and the USDG strategic plan. Among them, Entropy proposes designating USDG as one of the core strategic initiatives for Arbitrum DAO, requesting an additional 100 million ARB from the DAO treasury allocated to the DRIP budget, while also adjusting the project timeline and permitted uses. Additionally, it is proposed to route AEP net fees into the ATMC and convert them into USDG to support the growth of USDG on Arbitrum.
Rain launches embedded stablecoin wallet, supporting 12 blockchains and connecting to 175 million merchants worldwide
stablecoin payment platform Rain has launched an embedded stablecoin wallet that partners can integrate into their own applications, with services including bank cards, virtual accounts, rewards, fiat on-ramps and off-ramps, and global payouts. The wallet supports 12 blockchains: Arbitrum, Avalanche, Base, BNB Chain, Celo, Ethereum, Monad, Plasma, Optimism, Polygon, Solana, and ZKsync. It can hold stablecoins such as USDC and USDT as well as other crypto assets, and can be used for spending at 175 million merchant locations worldwide through bank cards issued by Rain. The non-custodial wallet is now available to Rain partners, while the custodial wallet and stablecoin balance yield features are expected to launch by the end of 2026.
Related news
A new address withdrew approximately $6 million worth of LIT, ENA, and ARB from OKX.
Lookonchain data shows that a newly created wallet address (0x1c75) withdrew 1.15 million LIT, 7.995 million ENA, and 7.31 million ARB from OKX, with a combined value of approximately $6 million.
A newly created address withdrew three tokens from OKX, with a combined value of $6 million
According to Lookonchain monitoring, a newly created address withdrew 1.15 million LIT, 7.995 million ENA, and 7.31 million ARB from OKX, valued at $3.31 million, $1.51 million, and $1.18 million respectively.
Non-USDC ERC-20 tokens can now achieve cross-chain transfers via CCTP, Circle releases developer guide
Odaily reports: Circle has released a developer guide explaining how token issuers can enable cross-chain transfers for ERC-20 tokens other than USDC through CCTP. Issuers can deploy new native cross-chain tokens or configure already-issued ERC-20 tokens as custom CCTP connections; both approaches reuse Circle's messaging and attestation infrastructure and adopt a burn-and-mint model. Issuers can set their own owner, operator, pause permissions, rate limits, and per-transaction transfer caps, and Circle cannot take over control. According to Circle's developer documentation, CCTP for non-USDC went live in September 2026, supporting EVM chains such as Ethereum, Avalanche, OP Mainnet, Arbitrum, Base, Polygon PoS, and Arc, but not non-EVM chains such as Solana.
74.56 million ARB transferred to Kelp DAO Hacker-tagged address; Binance hot wallet hacker suspected to be part of the same group as the Kelp DAO attacker
Odaily — According to on-chain analyst Aunt Ai, 30 minutes ago, the Binance hot wallet hacker transferred all 74.56 million ARB to address 0x000...0DA0. Arkham has tagged this address as Kelp DAO Hacker, and these tokens have not yet been moved or sold. Kelp DAO suffered an attack on April 18 this year, losing approximately $292 million in rsETH, and at the time the community speculated that the attacker was the North Korean hacker group Lazarus Group.
Arbitrum: Transferred 74.5598 million ARB and 8,425 ETH related to the Binance attack to a frozen wallet
Arbitrum officially announced that the Arbitrum Security Council has taken emergency action to transfer 74,559,805 ARB tokens and 8,425 ETH held by addresses associated with the Binance attack incident on Arbitrum One. Following technical assessment and review, the Security Council transferred the funds to an intermediate frozen wallet via a specific technical solution, without impacting other network states, users, or applications on Arbitrum.
Arbitrum freezes $30.5 million in ARB, Paxos freezes $215,700 in USDP, total frozen amount reaches $2.829 billion
Odaily report: According to on-chain detective Specter's monitoring, Arbitrum has frozen $30.5 million worth of ARB, and Paxos has frozen $215,700 worth of USDP, with the total frozen amount reaching $2.829 billion.