News Heat Trend
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.
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)
Nava Secures $8.3M Seed Round Led by Polychain and Archetype
According to Fortune, blockchain startup Nava has announced the completion of an $8.3 million seed funding round, co-led by Polychain and Archetype, aiming to prevent anomalous operations by AI financial agents through a custody and verification framework. Nava’s solution locks funds via custodial services; once an AI agent proposes a transaction, an on-chain verification mechanism assesses whether the transaction aligns with the user’s intent—only compliant transactions are executed, while non-compliant ones leave funds in custody. All verification decisions are publicly recorded on the blockchain for reference by other AIs. Nava currently operates as a Layer 3 blockchain on Arbitrum and plans to deploy a parallel chain on Tempo; it will also issue a native stablecoin in the future to support protocol operations. Nava’s infrastructure serves both individual users and institutions, enhancing asset security and transaction transparency.
Cascade CLS Treasury Attacked, Resulting in $1.3 Million in User Fund Losses
Odaily Odaily News According to MAX monitoring, on July 16, the Cascade CLS treasury suspectedly experienced a security vulnerability, resulting in approximately $1.3 million in user fund losses. The platform has suspended all trading and withdrawals and has invited SEAL 911 and other third-party security teams to investigate and handle the incident. Cascade is a 24/7 multi-asset perpetual contract platform headquartered in New York, targeting the US market. It supports deposits via Arbitrum USDC or bank accounts and is currently still in an invitation-only private testing phase.
Ostium suffers oracle attack, losing 18 million USDC; approximately one-third of liquidity drained
Ostium, a decentralized perpetual exchange, suffered an oracle attack on Wednesday, resulting in losses of approximately 18 million USDC. The attacker submitted false price reports for future dates using compromised oracle signing keys, generating fictitious trading profits and receiving payouts from the Ostium liquidity vault. Ostium stated that it has identified the issue with the OLP vault, has suspended all trading, and the team is currently investigating. Deployed on Arbitrum, Ostium offers perpetual futures trading for real-world assets including stocks, commodities, forex markets, and indices. At the time of the attack, the total value locked (TVL) in the Ostium protocol was approximately $63 million. The attack drained nearly one-third of this liquidity. In the first five months of 2026, DeFi protocols have lost over $840 million to exploits, including $292 million from KelpDAO and $285 million from Drift Protocol.
Robinhood Chain Mainnet Launches, Simultaneously Introducing Tokenized Stocks, Perpetual Contracts, and AI Agent Trading
Robinhood has announced the official launch of the public mainnet for its proprietary Layer 2 network, Robinhood Chain. Built on the Arbitrum technology stack, the chain is positioned as an institution-grade, permissionless, AI-native network specifically designed for Real World Assets (RWA).Robinhood Chain's launch partners include Uniswap, Pleiades, Alchemy, BitGo, and Chainlink. Among them, Uniswap will deploy a dedicated AMM on the chain as the primary public liquidity protocol, while Pleiades will deploy its own AMM as the primary proprietary trading venue. The chain will also offer basic DeFi functionalities such as lending.Eligible users can trade tokenized stocks 24/7 on Robinhood Chain. Simultaneously, Robinhood Earn will introduce USDG-based decentralized lending products within the main app. In certain jurisdictions, the new version of Robinhood Wallet will also support access to Lighter's perpetual contract trading.Robinhood also announced the expansion of its European perpetual contract product range, its official entry into the Canadian market, and the acquisition of a Singapore Capital Markets Services license. Furthermore, Agentic Accounts for crypto trading are planned to begin rolling out in the US soon, allowing AI agents to participate in trading and fund management.Robinhood stated that this update represents its most ambitious global expansion and product vision to date, with the goal of establishing a more direct connection between traditional finance and DeFi, integrating stocks, crypto, RWA, perpetual contracts, and AI trading into a unified financial experience. (The Block)
Mastercard Expands On-Chain Settlement Network, Supporting Stablecoins and 24/7 Fund Settlement
Mastercard is expanding its settlement network to support regulated stablecoins, planning to introduce stablecoin settlement, intraday settlement, as well as weekend and holiday settlement services to meet the demand for real-time fund movement.According to the introduction, the new settlement framework will operate in parallel with the existing fiat settlement system, providing financial institutions with more flexible liquidity management solutions. The first supported stablecoins include Circle-issued USDC, Paxos-issued PYUSD, USDG and USDP, Ripple-issued RLUSD, and SoFiUSD.The related services will cover blockchain networks such as Ethereum, Solana, Polygon, Base, Arbitrum, and XRPL. (CoinDesk)
Aave: 116,500 rsETH Released During April 18 rsETH Incident; Asset Backing Fully Restored
Aave has published a post-mortem of the April 18 rsETH incident, stating that the rsETH LayerZero V2 cross-chain bridge of liquid staking protocol Kelp accepted a forged message during a cross-chain transfer from Unichain to Ethereum. This caused the adapter on the Ethereum side to release 116,500 rsETH without a corresponding burn on the Unichain side. Aave stated that the attack occurred on a third-party cross-chain bridge infrastructure. However, the attacker deposited the stolen rsETH into 8 Aave V3 positions, borrowing 82,650 WETH and 821 wstETH, which impacted the Aave market.Aave stated that the attacker's rsETH on Arbitrum has now been burned. The LayerZero OFT adapter has replenished 116,131.72 rsETH in 5 batches, and the asset backing for rsETH has been fully restored. The affected WETH and rsETH markets have returned to normal.
ZachXBT: US Law Firms' "Free-Riding Claims" May Hinder Recovery and Compensation of Funds for Hacking Victims
Odaily Odaily PaperImperium, the head of MegaETH, disclosed on X platform that documents from the U.S. District Court for the Southern District of New York show that a U.S. court has issued an injunction against the Arbitrum DAO, prohibiting it from transferring approximately $71 million in ETH assets that were previously frozen during the KelpDAO hacking incident. In response, on-chain detective ZachXBT posted on X platform, stating that certain U.S. law firms are using his investigative work and on-chain forensics to help victims of some hacking incidents file legal claims. However, this practice may actually slow down or hinder victims from receiving compensation or recovering funds.ZachXBT added that in previous hacking incidents involving the Lazarus Group, such law firms often stepped in after on-chain fund tracking or freezing was completed, proposing subsequent legal actions that were weakly related to the crypto incidents themselves. Similar "free-riding claims" strategies were used in events like Harmony and Bybit. He called on the crypto community to establish a DAO to resist such practices.
Cascade CLS Treasury Attacked, Resulting in $1.3 Million in User Fund Losses
Odaily Odaily News According to MAX monitoring, on July 16, the Cascade CLS treasury suspectedly experienced a security vulnerability, resulting in approximately $1.3 million in user fund losses. The platform has suspended all trading and withdrawals and has invited SEAL 911 and other third-party security teams to investigate and handle the incident. Cascade is a 24/7 multi-asset perpetual contract platform headquartered in New York, targeting the US market. It supports deposits via Arbitrum USDC or bank accounts and is currently still in an invitation-only private testing phase.
DeBank user musti_akrep exploits Ostium vulnerability to profit 23.75 million USDC and exchange for 12,085 ETH
according to on-chain analyst Yujin's monitoring, half an hour ago, an address (0x321...bfd9) with the DeBank username musti_akrep profited 23.75 million USDC by exploiting a vulnerability on Perp DEX Ostium and withdrew it. The 23.75 million USDC was withdrawn to the Arbitrum chain and immediately exchanged for 12,085 ETH at a price of $1,965. Currently, these 12,085 ETH remain on the Arbitrum chain.
Lumi Finance Suspected to Be Attacked, Current Losses Approximately $270,000
According to Blockaid monitoring, the Lumi Finance protocol on Arbitrum is under attack, and approximately $270,000 in funds have been transferred out so far.
Block's Cash App to Phased Rollout Stablecoin Payment Feature
Block's Cash App is gradually rolling out stablecoin payment functionality to its nearly 60 million users. According to sources familiar with the matter, the feature currently covers approximately 25% of users and is expected to reach full 100% availability within this week.The core functionality supports users in depositing and withdrawing via USDC, allowing free transfers of funds between external wallets and Cash App balances, and using stablecoins as a settlement tool for payments rather than as investment products. It currently supports transactions across four blockchain networks, including Solana, Ethereum, Polygon, and Arbitrum. Due to the irreversible nature of on-chain transactions, incorrect addresses or unsupported network transfers may result in permanent loss of funds.Block CEO Jack Dorsey previously stated that despite his longstanding preference for Bitcoin, user demand for stablecoins has prompted the company to adjust its strategy. (CoinDesk)
PeckShield: StakeDAO’s vsdCRV infinite minting vulnerability exploited; attacker cashed out over $90,000
According to on-chain analyst PeckShield (@PeckShieldAlert), StakeDAO (@StakeDAOHQ) on the Arbitrum network was exploited via an infinite minting vulnerability. The attacker minted a total of 5.4 trillion vsdCRV tokens, then swapped a portion of them for 43.781 ETH (approximately $91,200) and bridged the funds cross-chain to the Ethereum address 0xeF3C...aa25.
B.AI Adds Support for HTX and WBTC Deposits, Marking Another Major Upgrade to Its Multi-Chain Payment Ecosystem
B.AI, a cutting-edge financial infrastructure platform for the AI era, has officially launched deposit functionality for $HTX and $WBTC. Following this upgrade, users can now perform seamless operations via TRON, Ethereum (supporting WBTC and HTX), and BNB Chain (supporting HTX). B.AI’s ecosystem now fully covers eight major public blockchains—TRON, BNB Chain, Ethereum, Base, Arbitrum, Optimism, Polygon, and Solana—and supports up to 15 core crypto assets. B.AI remains committed to breaking down cross-chain asset barriers, enabling users—regardless of their preferred network or asset—to enjoy lightning-fast, secure, and frictionless account and payment experiences.
Garden Finance Hacked, Loss of Approximately $450,000 USDT
According to Cointelegraph, the cross-chain bridging and atomic swap protocol Garden Finance temporarily took its application offline after detecting abnormal activity on July 27. Blockchain security firm Blockaid disclosed that attackers exploited a vulnerability in Garden Finance's Hash Time Locked Contracts (HTLC), stealing a total of approximately $450,000 worth of USDT across four networks: Ethereum, Base, Arbitrum, and BNB Smart Chain.
Arbitrum ecosystem protocol AFX cross-chain bridge attacked, approximately 24.15 million USDC lost
据 Blockaid 监测，Arbitrum 生态协议 AFX 于北京时间 7月 23日 5:30 遭攻击。此次攻击针对 AFX 运营的跨链桥，迄今已导致协议约 2415 万枚 USDC 被转移。Blockaid 称，正与 Arbitrum 团队协作响应事件，并协助相关协议控制被盗资金风险。
Cascade CLS Treasury Attacked, Resulting in $1.3 Million in User Fund Losses
Odaily Odaily News According to MAX monitoring, on July 16, the Cascade CLS treasury suspectedly experienced a security vulnerability, resulting in approximately $1.3 million in user fund losses. The platform has suspended all trading and withdrawals and has invited SEAL 911 and other third-party security teams to investigate and handle the incident. Cascade is a 24/7 multi-asset perpetual contract platform headquartered in New York, targeting the US market. It supports deposits via Arbitrum USDC or bank accounts and is currently still in an invitation-only private testing phase.
Ostium suffers oracle attack, losing 18 million USDC; approximately one-third of liquidity drained
Ostium, a decentralized perpetual exchange, suffered an oracle attack on Wednesday, resulting in losses of approximately 18 million USDC. The attacker submitted false price reports for future dates using compromised oracle signing keys, generating fictitious trading profits and receiving payouts from the Ostium liquidity vault. Ostium stated that it has identified the issue with the OLP vault, has suspended all trading, and the team is currently investigating. Deployed on Arbitrum, Ostium offers perpetual futures trading for real-world assets including stocks, commodities, forex markets, and indices. At the time of the attack, the total value locked (TVL) in the Ostium protocol was approximately $63 million. The attack drained nearly one-third of this liquidity. In the first five months of 2026, DeFi protocols have lost over $840 million to exploits, including $292 million from KelpDAO and $285 million from Drift Protocol.
DeBank user musti_akrep exploits Ostium vulnerability to profit 23.75 million USDC and exchange for 12,085 ETH
according to on-chain analyst Yujin's monitoring, half an hour ago, an address (0x321...bfd9) with the DeBank username musti_akrep profited 23.75 million USDC by exploiting a vulnerability on Perp DEX Ostium and withdrew it. The 23.75 million USDC was withdrawn to the Arbitrum chain and immediately exchanged for 12,085 ETH at a price of $1,965. Currently, these 12,085 ETH remain on the Arbitrum chain.
Ostium Attacked, Losses Approximately $18 Million
Blockaid stated that it detected a vault exploit incident involving Ostium on Arbitrum. The attacker fabricated false trading profits through registered PriceUpKeep Forwarders and authorized oracle reports with future timestamps, triggering a payout of approximately 18 million USDC from the vault.
Gate Alpha Robinhood Chain Trading Contest is Now Live, with a Total Prize Pool of $30,000
Odaily reports, according to official sources, Gate Alpha is launching a Robinhood Chain trading contest from 17:00 on July 17 to 16:00 on July 22 (UTC+8). After users click "Join Now" to complete registration, trading any token assets on the Robinhood Chain will qualify them to share in a $30,000 USDT airdrop reward. Sprint Trading Award: During the event, users with a cumulative trading volume on the Gate Alpha platform for Robinhood Chain assets (including both buys and sells) of ≥ $1,000 will proportionally share the $30,000 USDT airdrop reward based on their trading amount. Please visit the Gate Alpha zone, search for the Robinhood Chain token contract address, and participate in trading.Gate Alpha now supports popular public chains including SOL, ETH, Gate Layer, BSC, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, and Berachain, and enables seamless cross-chain token trading through contract address search functionality, breaking down cross-chain trading barriers to provide one-click access to all on-chain tokens.
Cascade CLS Treasury Attacked, Resulting in $1.3 Million in User Fund Losses
Odaily Odaily News According to MAX monitoring, on July 16, the Cascade CLS treasury suspectedly experienced a security vulnerability, resulting in approximately $1.3 million in user fund losses. The platform has suspended all trading and withdrawals and has invited SEAL 911 and other third-party security teams to investigate and handle the incident. Cascade is a 24/7 multi-asset perpetual contract platform headquartered in New York, targeting the US market. It supports deposits via Arbitrum USDC or bank accounts and is currently still in an invitation-only private testing phase.
Ostium suffers oracle attack, losing 18 million USDC; approximately one-third of liquidity drained
Ostium, a decentralized perpetual exchange, suffered an oracle attack on Wednesday, resulting in losses of approximately 18 million USDC. The attacker submitted false price reports for future dates using compromised oracle signing keys, generating fictitious trading profits and receiving payouts from the Ostium liquidity vault. Ostium stated that it has identified the issue with the OLP vault, has suspended all trading, and the team is currently investigating. Deployed on Arbitrum, Ostium offers perpetual futures trading for real-world assets including stocks, commodities, forex markets, and indices. At the time of the attack, the total value locked (TVL) in the Ostium protocol was approximately $63 million. The attack drained nearly one-third of this liquidity. In the first five months of 2026, DeFi protocols have lost over $840 million to exploits, including $292 million from KelpDAO and $285 million from Drift Protocol.
Aave Stable Vaults will adopt Chainlink CCIP as the cross-chain infrastructure standard
Aave has announced the selection of Chainlink CCIP as its cross-chain infrastructure standard. CCIP is currently handling cross-chain GHO transfers and multi-chain governance execution through Aave's delivery infrastructure, a.DI. Going forward, it will also support the cross-chain logic of the Aave App via Stable Vaults, covering scenarios such as vault rebalancing, yield optimization, deposits, and transfers. These cross-chain operations will occur between Ethereum, Base, and Arbitrum.
Coinbase to End cbETH Deposit and Withdrawal Support on Arbitrum, Optimism, and Polygon Networks on August 17th
according to an official announcement, Coinbase will discontinue cbETH deposit and withdrawal support on the Arbitrum, Optimism, and Polygon networks on August 17, 2026. cbETH will remain fully available on the Ethereum and Base networks.
Ark Research Director: Of the Revenue Generated by Robinhood Chain, Only 0.15% Flows to Ethereum
Lorenzo Valente, Director of Crypto Research at Ark, stated on X that Robinhood Chain is the clearest case study for examining the evolution of the ETH economic model over time.Since its inception, Robinhood Chain has generated a total of approximately $816,000 in revenue; Arbitrum, serving as the middleware provider, took a 10% cut, amounting to about $80,000; Arbitrum then paid settlement fees to the Ethereum mainnet, totaling approximately $1,538. A rough breakdown of the profit distribution in this model is as follows — Robinhood 89%; Arbitrum 10%; Ethereum 0.15%.If your thesis is "ETH is money," then Robinhood building an L2 within the Ethereum ecosystem is a major positive. However, if your thesis is "ETH is a revenue-generating asset," then this is an extremely bearish case.
Related news
Garden Finance Hacked, Loss of Approximately $450,000 USDT
According to Cointelegraph, the cross-chain bridging and atomic swap protocol Garden Finance temporarily took its application offline after detecting abnormal activity on July 27. Blockchain security firm Blockaid disclosed that attackers exploited a vulnerability in Garden Finance's Hash Time Locked Contracts (HTLC), stealing a total of approximately $450,000 worth of USDT across four networks: Ethereum, Base, Arbitrum, and BNB Smart Chain.
Block time reduced to 300 milliseconds, Monad announces lower block time
Tom Wan, Head of Data at Entropy Advisors, stated in a post that Monad has just announced a reduction in block time to 300 milliseconds. Solana is also progressing from 400 milliseconds towards its target of 200 milliseconds. As of now, Arbitrum and Robinhood Chain maintain their leading positions in the fastest block times, achieving 250 milliseconds and 100 milliseconds respectively.
Arbitrum ecosystem protocol AFX cross-chain bridge attacked, approximately 24.15 million USDC lost
据 Blockaid 监测，Arbitrum 生态协议 AFX 于北京时间 7月 23日 5:30 遭攻击。此次攻击针对 AFX 运营的跨链桥，迄今已导致协议约 2415 万枚 USDC 被转移。Blockaid 称，正与 Arbitrum 团队协作响应事件，并协助相关协议控制被盗资金风险。
Ostium plans to compensate affected liquidity providers from its own balance sheet
: Ostium, a RWA trading platform on Arbitrum, stated that the team is working to restart the platform this week. Auditors, third-party cybersecurity experts, and the engineering team are currently conducting final checks.Ostium indicated that after trading resumes, open positions will be re-marked based on real-time market prices at the time of resumption and will not be liquidated due to price fluctuations during the suspension. If a position is already below the liquidation threshold at the time of resumption, it will be liquidated. Pending orders will remain unchanged.Regarding the affected liquidity providers, Ostium Labs stated that it is formulating a recovery plan, intending to allocate funds from its own balance sheet and collaborate with new and existing partners for compensation. The specific plan will be announced later.
Gate Alpha Robinhood Chain Trading Contest is Now Live, with a Total Prize Pool of $30,000
Odaily reports, according to official sources, Gate Alpha is launching a Robinhood Chain trading contest from 17:00 on July 17 to 16:00 on July 22 (UTC+8). After users click "Join Now" to complete registration, trading any token assets on the Robinhood Chain will qualify them to share in a $30,000 USDT airdrop reward. Sprint Trading Award: During the event, users with a cumulative trading volume on the Gate Alpha platform for Robinhood Chain assets (including both buys and sells) of ≥ $1,000 will proportionally share the $30,000 USDT airdrop reward based on their trading amount. Please visit the Gate Alpha zone, search for the Robinhood Chain token contract address, and participate in trading.Gate Alpha now supports popular public chains including SOL, ETH, Gate Layer, BSC, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, and Berachain, and enables seamless cross-chain token trading through contract address search functionality, breaking down cross-chain trading barriers to provide one-click access to all on-chain tokens.
Uniswap submits two governance proposals, with all new protocol fees directed to the UNI burn mechanism
Odaily Odaily News: Uniswap founder Hayden posted on X platform, stating that Uniswap has just submitted two governance proposals for final on-chain voting. These include enabling v2 and v3 protocol fees on the Robinhood Chain, and enabling v4 protocol fees on Ethereum, Base, Arbitrum, Robinhood, BNB, Polygon, and Optimism. A third proposal related to the remaining v4 chains will be submitted shortly. Both proposals will direct all new protocol fees into the existing UNI burn mechanism. Based on current trading volumes, particularly those associated with Robinhood, the impact on UNI token burns is expected to be significant.