What Happened on Mar. 16th | Arbitrum Airdrop!

Arbitrum has announced the launch of its new token, $ARB. The token is set to make the Arbitrum ecosystem more decentralized and will allow $ARB holders to vote on core decisions governing Arbitrum One and Arbitrum Nova. The $ARB token will mark Arbitrum's transition to a decentralized autonomous organization (DAO).

Biggest Gainers & Losers

Headlines

Arbitrum to Airdrop Governance Token $ARB to Community Members on March 23rd: Arbitrum users will be able to check their eligibility for the airdrop and claim tokens by visiting gov.arbitrum.foundation.

Shanghai Upgrade to Activate on Ethereum Mainnet on April 12th: Ethereum developers confirmed in a conference call that Shanghai Upgrade will activate on the Ethereum Mainnet on April 12th, marking the completion of Ethereum's full transition to a proof-of-stake (PoS) network, and will finally enable staked ETH withdrawals.

Split between SEC and CFTC Continues as Gary Gensler Reiterates Ether Is Security: SEC Chair Gary Gensler reiterated that all the tokens using staking protocols, which include Ether, could be considered securities under the US law.

FDIC to Auction SVB and Signature Bank Requiring buyers to give up Crypto Business: the U.S. Federal Deposit Insurance Corp (FDIC) has requested banks interested in acquiring failed lenders Silicon Valley Bank and Signature Bank to submit bids by March 17.

Hot projects on the market

Archblock Moves TrueUSD Reserves to Bahamas-based Bank

Nexus Mutual Protocol Cover Users can File Claims for Euler Finance Exploit

Uniswap Live on BNB Chain

Other news in case you missed it:

A Victim Pleaded Euler Hacker to Return 78 wstETH Life Saving, the Hacker sent 100 $ETH

SBF Received $2.2B Mainly from Alameda Research, FTX Discloses

Cathie Wood's Ark Invest Raises Over $16 Million for New Crypto Fund

Coinbase to Start Taking $ETH Unstaking Requests 24 Hours after Shanghai Upgrade Completes

New York Judge Approves Binance.US' $1B Purchase of Voyager, Denies US Attorney's Appeal

Fundraising

Stripe Raises $6.5B at $50B Valuation, with Participation from a16z and Others