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Stock markets continued with their winning streak while investors waited for earning releases this week. The broader cryptocurrency barely moved, with Bitcoin returning to $30k after a short-lived breakdown. The top mover for today is ARKM, which was newly airdropped to its users as its business model attracted investors’ attention.
ARKM is the native token of Arkham Intelligence, which newly released its airdrop to the community on July 18. The airdrop came as Arkham launched its Intel Exchange last week, a platform that rewards users for unmasking anonymous wallet addresses. Not only the business model itself draws criticism, but its referral program also gives rise to community backlash as the referral link is an easy-to-decipher version of a user’s email address.
The intention of Arkham is to help the victim in an on-chain exploit to identify the hacker. Nonetheless, the business model itself seems to be against key crypto spirits, anonymity, and privacy. On a side note, Arkham Intelligence has nothing to do with the famous Ark Invest.
Check Out the Latest Prices, Charts, and Data of ARKM/USDT Here!
Web3 innovation studio VenturePunk has launched Prohibition, a generative art platform and marketplace built on the Arbitrum blockchain. The platform aims to democratize the generative art market by allowing any artist to create, mint, and sell generative art collections using the Art Blocks Engine. By using Arbitrum, Prohibition significantly reduces gas fees compared to Ethereum. Prohibition's inaugural collection, "Monospatial" by Emily Edelman, is available for sale with a supply of 100 tokens at a mint price of 0.05 ETH. VenturePunk plans to add features to ease the minting process and promote collaboration between artists and developers.