The Block reports that South Korean tech giant LG Electronics is building a new blockchain on the Arbitrum network for placing, buying, selling, and managing digital ads. The Arbitrum token ARB jumped approximately 5% on the news. This marks a major traditional electronics manufacturer entering the blockchain space and signals continued enterprise adoption of Layer 2 solutions. Editor: GoodInfo Global News Team
Arbitrum DAO Approves $70M ETH Release for Kelp DAO Recovery Arbitrum DAO has voted to approve the release of approximately $70 million in ETH to recover funds related to the Kelp DAO incident. However, a May 1 court order restricted Arbitrum DAO from moving the recovered funds, prompting Aave to file an emergency application to lift the restrictions. This marks an increasingly complex interaction between decentralized governance and the judicial system. The Arbitrum community had previously voted to recover funds transferred due to a Kelp DAO bridge vulnerability, but legal uncertainty has stalled the transfer process. ...