NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

ARB Plummets 5% As Arbitrum Presents Draft Of New Governance Proposal

Samuel Edyme
Samuel Edyme
1 year ago
3 mins read
dYdX Sees Sudden Decline

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

After surviving a frightening weekend that saw its value plummet, ARB has begun another round of bearish trends following the Arbitrum Foundation’s latest presented governance proposal. This proposal focuses on the improvement of the Arbitrum ecosystem.

Over the past 24 hours, Arbitrum’s native token ARB has plummeted by over 5% after depreciating from its regained losses from the weekend saga as of yesterday. The asset has fallen from a high of $1.28 seen on April 5 to trading at $1.20, at the time of writing.

Arbitrum Releases New Governance Proposal

On April 5, the Arbitrum Foundation released a proposal for the betterment of the ecosystem methods of governance. This proposal dubbed “Arbitrum Improvement Proposals (AIPs)” was shared on the Ethereum layer-2 solution’s official Twitter page. 

Related Reading: Arbitrum Whales Dump 3.73 Million Tokens, Impacting Market Prices

The proposal included two factors that include AIP-1.1 which targets a smart contract lockup schedule for over 4 years, budget, and transparency, as well as AIP-1.2, which focuses on amendments to current founding documents “lowering the proposal threshold from 5 million to 1 million tokens to make governance more accessible.”

Confirming that the Arbitrum DAO has reached a consensus against the first proposal AIP-1.1, the Layer 2 solution provider stated:

Rather than asking the DAO to vote on actions that have already been taken, AIP-1.2 proposes to use the DAO’s ability to make changes to those initial parameters to incorporate community feedback.

Meanwhile, on April 2, Arbitrum hinted that the AIP-1.1 “likely will not pass” as a result of the community’s resentment against the proposal. Token holders opposed the proposal noting it targets too many things as well as grants $1 billion in ARB to the foundation.

Veering back to the community argument, Arbitrum noted in the April 5 tweet:

The Foundation will not move any of the remaining 700M tokens in the Administrative Budget Wallet until an acceptable budget and smart contract lockup schedule have been approved by the DAO.

ARB Plummets 5%

After regaining a few cents yesterday following its bearish trend over the weekend, ARB is currently in the red, down by 5.3% in the last 24 hours. The asset’s price has moved from trading as high as $1.43 late last month to trading nearly below $1.20 at the time of writing following its bearish trend from the beginning of the day. 

Arbitrum (ARB) price chart on TradingView
ARB price chart on the 1-hour chart. | Source: ARB/USDT on TradingView.com

ARB’s market cap has also plummeted, seeing the token fall from ranking at #39 to ranking #41 as of today in terms of market capitalization among other cryptocurrencies in the global crypto market.

Related Reading: Arbitrum (ARB) Continues Rally Despite Circulating FUD, Here’s Why

In the past 7 days, nearly $300 million has been removed from the asset’s market capitalization. Currently, its market cap currently sits at $1.5  billion, down by 1.7% in the last 7 days. 

Featured image from Shutterstock, Chart from TradingView

Tweet123Share196ShareSend
Samuel Edyme
Samuel Edyme

Samuel Edyme

Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

Read more

Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think's probably unfeasible, I've done already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Vaļi ir atgriezušies mēmu monētās pēc Bitcoin jaunā visu laiku augstākā līmeņa – Telegram bots mēmu monētu meklēšanai

Bitcoin (BTC) jaunais visu laiku augstākais līmenis ir atdzīvinājis visu kriptovalūtu tirgu, un mēmu monētas atkal nonākušas uzmanības centrā. Dogecoin...

lasma 2 hours ago
Ethereum Price Drops After Bullish Attempt

Ethereum Shorts Reach Record Levels, How To Stay Positioned For A Breakout

As the Ethereum price has broken out above $3,000, the shorts have piled on with expectations that this rally will...

Scott Matherson 2 hours ago
memecoins, crypto, trump, memecoin

Top Crypto Exchanges Made $172 Million From TRUMP Memecoin Listing – Report

A recent report has found that US President Donald Trump’s official memecoin, TRUMP, had a faster listing process on crypto...

Rubmar Garcia 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Investors Chase Snorter Token as $BONK & Solana Market Rally

Investors Chase Snorter Token as $BONK & Solana Market Rally

Aaron Walker 5 minutes ago
crypto Fear & Greed Index, waarom daalt crypto

Crypto ‘Fear & Greed Index’ op 73 tijdens 5% markt correctie – volgt er een verdere daling?

Lars Diederiksen 30 minutes ago
Coinbase

Coinbase: A Surprising Champion Of The Trump Trade, Eyes New Stock Records

Ronaldo Marquez 1 hour ago

Premium Sponsors

Press Releases

  • Тези 3 монети под $1 могат да превърнат инвестиция от $200 в $2 милиона до 2027 година

    Тези 3 монети под $1 могат да...

    58 minutes ago
  • Synthetic Darwin Introduces Breakthrough AI With Israeli...

    1 hour ago
  • Memecoins sao ativos inspirados na cultura digital

    Floki, SPX, Bonk Tăng 10% Giữa Cơn Sốt Meme Coin –...

    2 hours ago
  • Tieto 3 coiny pod 1 $ môžu premeniť investíciu 200 $ na 2 milióny do roku 2027.

    Tieto 3 coiny pod 1 $ môžu premeniť investíciu 200 $ na...

    2 hours ago
  • BTC Vượt $120K – Các Đồng Coin Tiềm Năng Nào...

    2 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.