The proposal to "Empower Early Contributors: Community Arbitrator" in the Arbitrum community has started voting and will end at 2:55 on December 5th. The proposal suggests distributing 500,000 ARB tokens evenly among 24 members.

According to Scopescan monitoring, in the past two hours, Offchain Labs, the development team of Arbitrum, transferred ARB worth 86.32 million US dollars to investor addresses. Of this, 35 million ARB (worth 35.9 million US dollars) was transferred to Coinbase Prime, while the rest was dispersed to different ARB ownership contracts.

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.