Arbitrum has requested the release of $71 million in frozen Ethereum to support the Kelp recovery plan. This initiative aims to rescue rETH, a derivative token affected by recent vulnerabilities. The request is part of a broader effort involving AAVE, which has already raised $160 million to address bad debts linked to the Kelp DAO issue.
In related developments, BlackRock's spot Bitcoin ETF has seen options open interest reach $27.61 billion, while Morgan Stanley's Bitcoin ETF has attracted $184 million in total inflows without any outflows. Meanwhile, U.S. spot Bitcoin ETFs have recorded net inflows of $1.9 billion over the past week, contributing to Bitcoin's price nearing $80,000.
Arbitrum Seeks Release of $71M ETH for Kelp Recovery
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