Arbitrum sees significant institutional developments with Cash App integrating USDC transfers, exposing 60M users. ๐๏ธ However, a StakeDAO exploit on Arbitrum resulted in 5.4T vsdCRV minted, draining ~$91K. The Arbitrum DAO also froze 30,766 ETH from a KelpDAO hacker. ARB trades around $0.10, with volume down. ๐ #Arbitrum#L2 Will institutional adoption outweigh competitive pressures? ๐ข
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