Daily Crypto NewsEDITION #580, 31 August 2022

Arbitrum NITRO Speed

Hey Moni Maker 🌠

Today, in 1997, The Microsoft Network broadcast a U2 concert in Dublin. What was remarkable about it? Users could change the camera angle as if they were physically at the show. And now Eminem and Snoop Dogg are performing in the metaverse - that's cool too! 

In general, the entertainment industry sometimes pushes everything else that humanity needs. So let's get fun!

Let’s go!

So how did it goes down? Arbitrum has announced the “Odyssey” challenge. Long story short, it was a list of activities nobody promised anything for, but everyone ran to pass them. Bear market, you know… Gem Lord made two videos in a row about the “Odyssey” event in Russian: the first week, and the second week. Everything was going ok, but…Arbitrum said something like, “ooops sorry guys! we see high fees and high system demand, so forget about everything until we release the Nitro update”.

So what is the Nitro update?  

Nitro is a big Arbitrum update. It will make fees lower, transactions faster, and devs’ and users’ lifes more beautiful. 

Wen Nitro, sir?

Today, sir! it should be started at 6:30 UTC and be done in 2-4 hours. 

So what, Nitro?

Some users think this update will pump the LP ETH APR on Hop Protocol to double-digits. Some believe this update will make the Arbitrum airdrop closer. Others wait for the Odyssey event. We are waiting for everything in total! 

Attention! One of the collections we wrote about made x10. From 0.8 ETH to 8 ETH. Which one? Stop by the Digest and read :) 

Also: Eminem and Snoop are now jpegs. DeGods and Y00ts are banned. Interesting NFT collections. Digest is an aesthete!  

Check out the Digest right on the website

Stop Loss is a type of order which allows you to limit possible losses. In case of a price reversal against a trade, such an order will close an unprofitable position with a pre-planned loss.

And more you can find in our Glossary!

– Meta has allowed its NFTs to be posted on Instagram and Facebook

– "The FED's War Against Inflation Is Killing Bitcoin" - Bitfury CEO

– FBI warns it will punish DeFi bridge hackers

– NFT haters criticized Snoop Dogg and Eminem for their performance on MTV

– FTX CEO Sam Bankman-Fried denies plans to buy Huobi

    ⚽️: Telegram and Twitter! And do not forget to download the Moni App :)