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Bitz

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Dec 26, 2024
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What is Arbitrum (ARB)? A Quick History Lesson

Arbitrum sits at the center of Ethereum’s scaling story. It’s a family of chains built by Offchain Labs that push transactions off Ethereum’s busy mainnet while inheriting its security—so apps feel faster and cheaper without reinventing the trust model. If you’ve used a DeFi protocol, a game, or a social dapp on Arbitrum One or Arbitrum Nova, you’ve already experienced that promise. Here’s the quick, human-readable history of how Arbitrum got here, why the ARB token matters, and what’s coming next.

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Bitz

Active Member
Dec 26, 2024
122
0

October’s Crypto Whiplash: From Highs to Massive Wipeouts

October was supposed to be “Uptober.” Instead, it turned into a cautionary tale about leverage, liquidity, and the speed of crypto markets. A new CoinDesk analysis recounts how Bitcoin’s early-month euphoria flipped into one of the most destructive stretches for active traders in years: a $19 billion wipeout of derivatives positions on Oct. 9, a 17% intraday plunge in BTC across Oct. 7–10, and whipsaw price action that punished bulls and bears alike—even as spot BTC is still on track to finish the month slightly higher than it began.

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