Arbitrum(arb)

The committee behind Arbitrum's grant-misuse bounty program wants Good Entry, Limitless and APX Finance barred from all future DAO programs. None has replied to the forum thread, and three Snapshot votes could open as early as Sept. 10.

Users paid $4.45 million to transact on the network on Sept. 2, more than Ethereum, Solana and Tron combined, after the base fee rose 23 times off its 0.02 gwei floor. Robinhood absorbs the cost inside its own wallet app until Sept. 29.

ARB led the 108 largest non-stablecoin tokens after chain fees on Robinhood's network doubled in a day, taking the Arbitrum DAO's contractual 10% cut to roughly $192,000 a day. Bitcoin fell 0.7% while Japanese and U.S. government bond yields rose and gold dropped 1.9%.

Chain owners—not ArbitrumDAO—control screening on dedicated networks, while priority fees remain off on Arbitrum One pending another vote.

The exploit targeted a bridge operated by derivatives exchange AFX and emptied nearly all of the USDC locked in the contract, according to security firm Blockaid. Arbitrum co-founder Steven Goldfeder said the network's native bridge was not affected.

Offchain Labs co-founder Steven Goldfeder says every Arbitrum-based Layer 2, not just Arbitrum One, will now route a fee cut back to the ARB treasury.

The Foundation wants $16M in stablecoins, 1,740 ETH and 230M ARB for another year of operations. As a first vote opens, delegates and analysts say the request outpaces what the network earns and lacks performance milestones.

The court order allows the on-chain Constitutional AIP vote and transfer to proceed without violating the restraining notice, but the freeze itself extends to Aave LLC.

The Security Council has been in the spotlight in recent weeks after its decision to freeze over 30K ETH connected to the Kelp bridge exploit.

The emergency motion challenges a New York court order redirecting recovered Kelp DAO exploit funds toward decades-old terrorism judgments against North Korea.