Arbitrum, I Choose You! 🔴⚪

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Spotlight Logo](~/AAQRxQA~/RgRntcbRP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPXBnbWJteWljY3dvelcDc3BjQgplztFB02UqDV-GUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   [Globe Icon] GLOBAL CRYPTO MARKET CAP 1.98T ▲1.49% (24H) [24H Icon] 24H CRYPTO MARKET VOLUME $70.06B ▲8.25% (24H) [Bitcoin Icon] BITCOIN’S DOMINANCE 51.79% ▼0.33% (24H) FEAR & GREED INDEX [Fear & Greed Index] [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRntcbRP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPTNvcDM0cW5mb2sxOVcDc3BjQgplztFB02UqDV-GUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRntcbRP0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9amtvZHBxaGVxZm5hVwNzcGNCCmXO0UHTZSoNX4ZSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRntcbRP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD0yaHYzNzRiZ3N2c2ZXA3NwY0IKZc7RQdNlKg1fhlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRntcbRP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPTQyNTR3MjlvM3E2ZlcDc3BjQgplztFB02UqDV-GUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 19 Feb 2024 10 AM UTC [Gainer Icon] TOP GAINERS 24H% [Project Icon 4] [WLD](~/AAQRxQA~/RgRntcbRP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPTg1dXBsMWVtajF4bFcDc3BjQgplztFB02UqDV-GUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲42.52% [Project Icon 5] [GRT](~/AAQRxQA~/RgRntcbRP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPXg3bnNxYWxrZ2p3c1cDc3BjQgplztFB02UqDV-GUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲24.04% [Project Icon 6] [FET](~/AAQRxQA~/RgRntcbRP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPWlscDJ4M3p3OHo0MFcDc3BjQgplztFB02UqDV-GUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲14.78% [Loser Icon] TOP LOSERS 24H% [Project Icon] [SC](~/AAQRxQA~/RgRntcbRP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPWhwMzQ5bWdpdGhoblcDc3BjQgplztFB02UqDV-GUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼4.2% [Project Icon 2] [BNB](~/AAQRxQA~/RgRntcbRP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPTJja3p4dWEwcXh2YlcDc3BjQgplztFB02UqDV-GUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼1.46% [Project Icon 3] [BONK](~/AAQRxQA~/RgRntcbRP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPXBuanNhN2o4ZGxiZlcDc3BjQgplztFB02UqDV-GUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼1.24%   The crypto markets are looking bullish again with Bitcoin finally stabilizing above $52k. According to CoinMarketCap's Fear and Greed Index, we're currently in a greed mode at 74.5, just shy of extreme greed territory. It seems investor confidence is back and everyone is expecting the next leg up. And that brings us to today’s top crypto stories! Today, we will discuss: • ApeCoin chooses Arbitrum to build its blockchain 😌 • Worldcoin reaches 1M daily active users, token pumps 140% 💰 • Solana DEX Backpack Exchange tops $1B volume in 5 days! 📈 • $26M hack alert - FixedFloat hacked! 💔 • Honduras bars financial firms from crypto activities ❌ Now, let's dive deeper into each headline:   ApeCoin Chooses Arbitrum! The upcoming blockchain for the mega-popular NFT brand Bored Ape Yacht Club (BAYC) will be built using Arbitrum. BAYC's community members voted for Arbitrum over other options like Polygon and zkSync to run the long-awaited project chain dubbed “ApeChain”. Arbitrum and similar layer-2 networks promise much faster transactions and lower costs by handling Ethereum activity off the main blockchain. This makes Arbitrum ideal for consumer apps like BAYC’s NFT games that need to support many users cost-effectively. Will this move pump Arbitrum in the long run as other NFT projects are expected to follow ApeCoin’s path? [Read the full story](~/AAQRxQA~/RgRntcbRP0R4aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYXBlY29pbi1kYW8tY2hvc2VzLWxheWVyLTItbmV0d29yay1hcmJpdHJ1bS10by1idWlsZC1hcGVjaGFpbj9saWQ9YTd5dmhrNWQ4N2hnVwNzcGNCCmXO0UHTZSoNX4ZSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   Worldcoin Reaches 1M Sam Altman’s crypto project hits 1 million daily active users this month. This comes as the Worldcoin token rallied over 140% while facing privacy criticisms. Worldcoin rewards people with tokens for "privacy-preserving" iris scans to build digital identity profiles. However, some regions banned or paused Worldcoin's project deeming risks to personal data too severe, though adoption continues growing. But why is the WLD price surging all of a sudden? [Read the full story](~/AAQRxQA~/RgRntcbRP0R9aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc2FtLWFsdG1hbnMtd29ybGRjb2luLXdhbGxldC1hcHAtaGl0LTFtLWRhaWx5LXVzZXJzLWFzLXdsZC1yYWxsaWVzP2xpZD0xM3JpazFsZzBmOGJXA3NwY0IKZc7RQdNlKg1fhlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   [CMC Live: Weekly Crypto Forecast](~/AAQRxQA~/RgRntcbRP0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzMyODE4ODcvP2xpZD0weTJ4YWlubGc5cGtXA3NwY0IKZc7RQdNlKg1fhlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Monday, 19 Feb on 3PM UTC CMC-Community Live: Weekly Crypto Forecast Kick off your Monday with CMC Live, where our Research Lead, Alice, unveils essential highlights that are a must-watch for the week ahead! [JOIN US SOON](~/AAQRxQA~/RgRntcbRP0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzMyODE4ODcvP2xpZD02amhqdzdjdnBsOGxXA3NwY0IKZc7RQdNlKg1fhlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   Solana’s Crypto Exchange Tops $1B Volume A just-launched cryptocurrency trading platform built on the Solana blockchain has exploded in popularity. In its first 5 days during a preliminary testing period, Backpack Exchange already facilitated over $1 billion worth of crypto trades. This insane early traction signals potential, but it is still unclear if interest is fleeting. Yet Backpack obtained difficult operational licenses showing long-term focus. Do they have a token yet? Which other Solana-based project is booming right now? [Read the full story](~/AAQRxQA~/RgRntcbRP0ShaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc29sYW5hLWJhc2VkLWJhY2twYWNrLWV4Y2hhbmdlLXJlYWNoZXMtZG9sbGFyMWItZGFpbHktdHJhZGluZy12b2x1bWUtNS1kYXlzLWFmdGVyLWxhdW5jaGluZy1wcmUtc2Vhc29uP2xpZD1kNDB3aWRrdzc2bXlXA3NwY0IKZc7RQdNlKg1fhlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   $26 Million Hack Alert! A DEX called FixedFloat was hacked this week, resulting in over $26 million worth of Bitcoin and Ether stolen. After initially attributing large transaction volumes to technical problems, FixedFloat switched into maintenance mode and later confirmed funds were stolen by hackers exploiting vulnerabilities. The website currently displays error messages as the team investigates details of the breach. Have blockchain investigators identified the hackers yet? Are other DEXes vulnerable too? Will the users get a refund? [Read the full story](~/AAQRxQA~/RgRntcbRP0SDaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZGVjZW50cmFsaXplZC1leGNoYW5nZS1maXhlZGZsb2F0LWV4cGxvaXRlZC1mb3ItZG9sbGFyMjZtLWluLWJ0Yy1hbmQtZXRoP2xpZD1nOXdjaHZ5OXBiazJXA3NwY0IKZc7RQdNlKg1fhlIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   What Are “ERC-404s”? Opening Pandora’s Box [ What Are “ERC-404s”? Opening Pandora’s Box](~/AAQRxQA~/RgRntcbRP0RhaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2hhdC1hcmUtZXJjLTQwNHMtb3BlbmluZy1wYW5kb3Jhcy1ib3g_bGlkPW1uNWpyY3Y2dWJ6alcDc3BjQgplztFB02UqDV-GUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) “ERC-404” is a novel and unofficial term coined by developers behind Pandora, which aims to combine ERC-20 and ERC-721 to bring fractionalization and liquidity to NFTs. [READ MORE](~/AAQRxQA~/RgRntcbRP0RhaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2hhdC1hcmUtZXJjLTQwNHMtb3BlbmluZy1wYW5kb3Jhcy1ib3g_bGlkPTFwd2F6bmg4aHA1ZlcDc3BjQgplztFB02UqDV-GUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   Honduras Bans Crypto Activities Honduras' financial regulator has banned all supervised institutions from cryptocurrency dealings to insulate the system from perceived risks. Citing crypto's unregulated nature, the watchdog warned exposure might enable money laundering, terrorism funding and fraud. So banks, investment companies, and other traditional finance players can no longer hold, invest, or facilitate digital asset transactions per the resolution. Are users allowed to trade crypto or are they talking about a full ban? [Read the full story](~/AAQRxQA~/RgRntcbRP0R-aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvaG9uZHVyYXMtZmluYW5jaWFsLXJlZ3VsYXRvci1yZXN0cmljdHMtYmFua3MtZnJvbS1kZWFsaW5nLWluLWNyeXB0bz9saWQ9aHliMGRpOGhua2RxVwNzcGNCCmXO0UHTZSoNX4ZSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   Thanks for reading! 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