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According to Foresight News, Arbitrum has approved a Long-Term Incentive Plan (LTIP) grant proposal, allocating two million ARB to Synthetix. The grant is intended to expand the scale of Synthetix V3 and Perps V3 on the Arbitrum platform and provide incentives for traders and stakers. The move is part of a broader strategy to enhance the functionality and reach of the platform, and to encourage more active participation from users. The allocation of ARB tokens will be used to stimulate growth and incentivize user engagement within the platform. The details of how the tokens will be distributed or the specific incentives they will provide have not been disclosed.

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According to Foresight News, the authorized supply of Tether (USDT) on the Ton blockchain has increased to $130 million. The data was revealed on Tether's transparency page. This development indicates a growing adoption of the stablecoin on the Ton platform.

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According to Foresight News, Plaid and Sign Protocol have teamed up to launch a blockchain-based open banking solution, Proofs.Money, which will be piloted on Base. This collaboration introduces the innovative concept of a 'unified financial identity' that allows blockchain users to generate unified financial reports and detailed information, which can be used in both on-chain and off-chain environments. This new solution aims to revolutionize the way financial transactions are conducted, providing a more secure and transparent platform for users.

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According to PANews, Meme category tokens have experienced a substantial increase. The token MEW rose to $0.004826, marking a 24-hour increase of 27%. DOGE, another token, saw a rise to $0.1504, a 24-hour increase of 12.5%. PEPE also experienced a surge, reaching $0.000008722, a 24-hour increase of 11.8%.

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The global cryptocurrency market cap now stands at $2.21T, up by 2.13% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $58,850 and $63,595 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $63,260, up by 6.56%. Most major cryptocurrencies by market cap are trading higher. Market outperformers include REZ, OM, and CKB, up by 23%, 21%, and 20%, respectively.

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