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On-chain data this morning recorded the first minting of stablecoins serving the government bond fund from Singapore. This is a "real person, real activity" signal, not just paper rumors.
The number of new smart contracts deployed in Rust on Arbitrum has doubled in just 48 hours. Developers are taking advantage of lower gas fees to bring on-chain AI models to this Layer-2.
A compensation proposal of 5 million ARB has been officially approved with an overwhelming 82% vote. This removes a "dark cloud" regarding the legal/responsibility concerns of the DAO towards users.
Resistance level: $0.142. This is the target ARB needs to conquer in the next 1-2 days to confirm a short-term trend reversal.
Support level: $0.128. If maintained above this level today, the upward momentum will remain stable.
The total transactions on Orbit (L3) chains have officially surpassed the number of transactions on the main Arbitrum One chain, indicating that Arbitrum's "multi-chain" strategy is on the right track.
Keep a close eye on the BTC chart. If BTC stabilizes or rises slightly, ARB has a strong chance to "test" the $0.15 zone again within this week.
#GateSquareMayTradingShare