According to Snapshot governance page on November 3, the Arbitrum community initiated a proposal to "activate ARB staking." The proposal suggests that since ARB has no native utility or earnings, it is recommended to approve the creation of the aforementioned staking contract and allocate 1.75%, 1.5%, 1.25%, or 1% of the total supply of ARB in the DAO treasury to the staking contract, and distribute it through the proposed locking mechanism during a 12-month experimental period.

Multi-chain lending protocol Radiant Capital has been launched on Ethereum with support from LayerZero Labs, Stargate, and Balancer. They will airdrop 500,000 ARB tokens to dLP lockers on the mainnet for 6-12 months.

According to an official announcement, Polyhedra Network is building zkBridge on Arbitrum to bring secure and efficient interoperability. zkBridge enables fast settlement of cross-chain transactions from Arbitrum One and Nova to other networks, supported by a decentralized auxiliary verification network. The integration of zkBridge and Arbitrum Stylus simplifies smart contract creation and improves efficiency. Arbitrum Stylus promotes user-friendly zk proof usage, enhances security with private contracts, and enhances zk oracle, thus changing the interaction of smart contracts.

According to Lookonchain monitoring, 11 hours ago, a whale spent 843 ETH ($1.5 million) at an average price of $0.95 to buy 1.61 million ARB. The whale has been providing liquidity on ARB since October 23 to earn transaction fees.

On October 30th, PlutusDAO began voting on the proposal to launch ARB token staking. The proposal from Arbitrum DAO, which offers 175 million ARB tokens, is currently leading with a 99.8% share.

Results of the second round of elections for the Arbitrum Security Council have been announced. Six council members were elected, including Patrick McCorry (from the Arbitrum Foundation), 0xhombre (PlutusDAO Technical Lead), John Morrow (Co-founder of Gauntlet), Omer (CEO of Chaos Labs), Harry Kalodner (Offchain Labs), and Matt Fiebach (Blockworks Research Analyst).

On October 27th, according to Scopescan monitoring, 7 hours ago, Wintermute transferred 1 million ARB tokens (worth 947,000 USD) to Binance. Wintermute has transferred a total of 7.75 million ARB tokens (worth 6.86 million USD) to Binance, and the price of ARB has risen by 20% in the past week.

On October 26th, Blockworks Research launched a community proposal on Arbitrum, planning to establish an Arbitrum Alliance led by Blockworks Research, Gauntlet, and Trail of Bits, lasting for 12 months, aiming to help Arbitrum DAO members turn ideas into reality.

On October 26th, the Arbitrum Foundation tweeted "Tomorrow" with a planet emoji. The tweet has been pinned, suggesting that a major announcement will be made tomorrow.

Web3 bounty platform Layer3 has initiated a community proposal on Arbitrum, proposing to apply for 1 million ARB tokens to deploy 95 tasks in 62 applications, including designing quests, marketing expenses, and lasting until May 19, 2024. All applied funds will be mainly used for updates and maintenance, community participation work, partnership relationships, performance tracking and reporting, and users will receive governance tokens XP and NFTs.