On November 21st, Scopescan monitoring showed that within the past two hours, the investor address "0x3322" of Arbitrum development company Offchain Labs transferred approximately 86.32 million US dollars worth of ARB tokens. Among them, 35 million ARB tokens (worth about 35.9 million US dollars) were transferred to Coinbase Prime, and the remaining tokens were allocated to different ARB token locking contracts.

Decentralized derivative protocol GMX has announced the integration of Chainlink's oracle data stream service "Chainlink Data Streams" on the X platform to enhance real-time price updates on its on-chain market and achieve faster on-chain execution services. In addition, GMX has lowered the transaction fee rate on the Arbitrum chain to about 0.015%.

Arbitrum community has created and released the "Empowering Early Contributors: Community Arbitrator Proposal" on-chain. The voting will start at 02:55 on November 21st Beijing time and end at 02:55 on December 5th. The proposal suggests distributing 500,000 ARB tokens evenly among 24 members.

Lookonchain monitoring shows that since November 16th, whales have sold all 14 million ARB tokens (valued at $14.84 million) at an average price of about $1.05. In April, the whales withdrew 22.55 million ARB tokens (valued at $27.76 million) from Binance and Gateio at an average price of about $1.23. They also deposited 8.44 million ARB tokens (valued at $6.92 million) into Binance at a price of $0.82. The total loss was $6 million.

Lookonchain monitored that a certain whale sold 3.8 million ARB tokens at an average price of $1.04, receiving 1,973 ETH (worth $3.97 million) three hours ago. Since October 23, the whale has been accumulating and providing liquidity for ARB, with an average purchase cost of around $1. The profit was approximately $275,000.

On November 18th, decentralized exchange platform Balancer announced that it will provide an additional 1.2 million ARB incentives for its Liquidity Growth Program (LGP) on the Arbitrum network. This incentive comes from the Short-Term Incentive Plan (STIP) previously passed by Arbitrum. Prior to this, the total incentives provided by LGP were 1 million ARB, so the new funding injection means that the incentive intensity of the LGP program will double. Previously, the program allocated 80,000 ARB per epoch, lasting until the end of November. Now, it will allocate approximately 171,000 ARB every two weeks, lasting until the end of February next year.

Lookonchain monitoring shows that an address is selling ARB at a loss. The address has started depositing ARB into Binance and has deposited 839,899 ARB (worth $906,000) to date. On April 4th and 5th, the address withdrew 17.62 million ARB (worth $20.97 million) from Binance and Gate when the price was $1.19. Then, from September 10th to 14th, the address deposited 8.44 million ARB (worth $6.9 million) to Binance at a price of $0.82. Currently, the address still holds 8.34 million ARB (worth $9 million) and has lost about $4.14 million in total on ARB.

According to Lookonchain monitoring, in the past 15 hours, a whale has deposited all 4.93 million ARB coins (worth $5.33 million) into Binance. On April 26-27, the whale withdrew 4.93 million ARB coins (worth $6.79 million) from Binance when the price was about $1.38. If sold now, the whale would lose about $1.46 million.

On November 16th, Arbitrum launched a community proposal to provide reserve funds for successful STIP proposals, outlining a one-time feedback fund for all "approved but unfunded proposals" of Arbitrum STIP. The total budget is proposed to be increased by 21.4 million to 71.4 million ARB, and the total number of participating protocols is proposed to be increased by 26, with a total of 56 funded projects.

On November 15th, Arbitrum tweeted that the election results of the security committee had taken effect, and the SAFE multi-signature had been updated to the addresses of the 6 elected members of the security committee.

The Snapshot page shows that the vote on the "Funding Support for Successful STIP Proposals" draft by Arbitrum DAO has ended, with a final approval rate of 67.68%. It is reported that the draft plans to increase the total budget allocation (50 million ARB) of the original STIP proposal to 71.4 million ARB, and increase the total number of participating protocols by 26, for a total of 56 sponsored projects. The proposal plans to distribute ARB held by the DAO to incentive mechanisms, while utilizing the allocation system and consensus already created in STIP 1.

Arbitrum ecological DEX Camelot announced on X platform that it is finalizing the upcoming distribution of the ARB incentive plan. This plan will incentivize more than 60 pools, including blue-chip pools, native protocols, and some new partners. The quest is about to begin. On November 10th, Camelot announced on the X platform that the Arbitrum DAO has awarded Camelot 3 million ARB tokens for a 3-month incentive plan. The first batch of incentives will be launched in the next few days, which will be used to introduce new protocols, support native builders, and ensure long-term liquidity.

Scam Sniffer on X platform stated that a user lost $927,000 worth of GMX on Arbitrum 9 hours ago after signing a "signalTransfer (recipient address)" transaction to the GMX reward router.

Blockchain analyst Yu Jin reported that in the past two hours, an address has transferred 1,462,305 ARB tokens (worth $1.66 million) to Binance. These ARB tokens were withdrawn from Binance 21 days ago (on October 22) when the price was $0.835. If sold now, the seller would realize a profit of $440,000 (+37%). The same investor had previously invested in ARB in July and August, but suffered a loss of $120,000 at that time.

According to data from L2beat, the total value locked (TVL) in Arbitrum Nova has surpassed $25 million, reaching a historical high with a 7-day increase of 11.15%. According to the latest data from Dune Analytics, the current total amount of ETH bridged to Arbitrum Nova is close to 20,000, with a total on-chain transaction volume of approximately 190,000 transactions and over 150,000 unique user addresses bridged.

On November 10th, Snapshot page shows that the Aave community has initiated a vote for the ARFC proposal "Arbitrum USDC Migration". The vote will end on November 12th, and the current support rate is 35.96%. The proposal was put forward by Gauntlet, suggesting adjustments to the parameters of Aave-related pools on Arbitrum to facilitate the community's migration from bridged USDC.e to native USDC. Gauntlet proposes the following adjustments: "freeze" the USDC.e pool, increase the USDC supply limit to 50 million coins, and increase the USDC borrowing limit to 45 million coins.

According to Lookonchain monitoring, a whale holding 10,080 ETH ($19.4 million) spent 1,433 ETH ($2.6 million) at an average price of 1.045 to purchase 2.51 million ARB; and spent 1,038 ETH ($1.9 million) at an average price of 0.000001154 USD to purchase 1.65 trillion PEPE. The whale currently has a profit of $177,000 (+7%) on ARB and a profit of $159,000 (+8%) on PEPE.

The Uniswap-Arbitrum Grants Program (UAGP) will run from November 8, 2023 to May 9, 2024, with support provided by Direct Grants newly launched on Grants Stack. This 6-month program will provide ARB token grants ranging from $50,000 to $250,000 to developers building in the Uniswap-Arbitrum ecosystem. With 1.1 million available ARB tokens, the goal is to accelerate adoption and highlight the broad opportunities Uniswap brings to Arbitrum.

On November 8th, according to the Snapshot page, the Arbitrum community is currently voting on whether to increase the funding for 26 projects that did not receive enough funding in the first round of funding by 21.4 million ARB (approximately $24 million) all at once. These projects were not supported in the first round of the Short-Term Incentive Program funding last month due to a total funding cap of 50 million ARB. If the proposal is ultimately passed, the funding plan is expected to approve an additional 21.4 million ARB for these 26 projects by January 31, 2024. The proposal will end on November 14th and currently has a support rate of over 90%.

Snapshot page shows that Arbitrum DAO is voting on a draft proposal to "provide funding support for successful STIP proposals", with a current approval rate of 94.71% (but with fewer voters). The voting will end on November 14th. The proposal aims to increase the total budget allocation (50 million ARB) of the original STIP proposal to 71.4 million ARB, and increase the number of participating protocols by 26, totaling 56 sponsored projects. The proposal plans to distribute the ARB held by the DAO to incentive mechanisms, while utilizing the allocation system and consensus already created in STIP 1.