Binance Integrates ETH Scaling Solution Arbitrum One – November 19

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $58,287

Bitcoin price has found support around the $56,000 mark overnight, bouncing back to the $58,000 level today.

Top-20 altcoins have had a strong recovery over the last 24 hours, as Ethereum gains 7%, Solana recovers almost 13% and Avalanche advances 15%.

Top Stories for November 19, 2021 πŸ”₯

πŸ‘‰ Binance Integrates ETH Scaling Solution Arbitrum One

Major crypto exchange Binance has integrated deposits for Ethereum scaling solution Arbitrum One, enabling users to deposit Ether (ETH) via the network.

Binance also plans to enable withdrawals on the Arbitrum One network in the future, however no specific date has been set for the feature.

Arbitrum One allows for faster and cheaper transactions of ETH and Ethereum-based tokens, using “Optimistic rollup” technology.

πŸ‘‰ Study Finds Almost Half Of Uniswap V3 LPs Lose Money

Research by Topaz Blue and Bancor has found that almost 50% of liquidity providers (LPs) on Uniswap v3 make negative returns, due to impermanent loss (IL).

Despite Uniswap v3 generating the greatest fees for users of any major automated market maker exchange, IL exceeds those fees in 49.5% of cases studied.

πŸ‘‰ DAO Gets Outbid For First-Edition Copy Of US Constitution

A decentralized autonomous organization called ConstitutionDAO bid over $40 million for a first-edition copy of the US constitution, losing the auction by a small margin to another buyer.

ConstitutionDAO amassed contributions from more than 17,000 different Ethereum wallets for the auction, highlighting the capabilities of DAOs and blockchain-based crowdfunding.