A recent software glitch caused a temporary halt in transaction processing on Ethereum’s layer-two network, Arbitrum (ARB). Meanwhile, the Bitcoin (BTC) market sees a distinct shift, as ‘Bitcoin whales’—individuals possessing over 10,000 BTC in their wallets—are ramping up their holdings. This sharp contrast is further complemented by the exciting presale progress of TMS Network (TMSN), which is on the cusp of hitting the $3 million mark.
Network Disturbance on Arbitrum (ARB): A Temporary Hiccup in Transaction Processing
The Ethereum layer-two network, Arbitrum (ARB), recently experienced an unexpected hitch. A software bug in the system temporarily interrupted transaction processing on Arbitrum (ARB), causing some distress in the network. This malfunction mainly affected Arbitrum (ARB) sequencer, the component responsible for arranging and posting user transactions on the blockchain, leading to a backlog of pending transactions.
However, the developers behind Arbitrum (ARB) acted promptly, deploying a fix to address the bug swiftly. This quick response resulted in the resumption of normal operations on the Arbitrum (ARB) network. The incident underscores the occasional hurdles blockchain technologies may encounter, particularly projects with various centralized components, as in the case of Arbitrum (ARB). However, thanks to the prompt intervention, Arbitrum (ARB) is once again functioning as intended.
Bitcoin (BTC) Accumulation: A Tale of Whales and Small Holders
Over the past six weeks, the Bitcoin (BTC) market has observed a noteworthy accumulation trend. Large-scale, non-exchange Bitcoin (BTC) owners, also known as ‘Bitcoin whales,’ have been amassing Bitcoin (BTC) substantially. This trend starkly contrasts the smaller holders divesting their Bitcoin (BTC) holdings, resulting in a distinct separation in the Bitcoin (BTC) Accumulation Trend Score.
According to cryptocurrency analytics firm, Glassnode, these Bitcoin (BTC) whales have been’ aggressively’ accumulating with more than 10,000 Bitcoin (BTC) in their wallets. Concurrently, the inflow of major assets into exchanges is currently near a historical low, a whopping 85% lower than the peak inflow witnessed during the May 2021 sell-off. Binance and Bitfinex have experienced increased Bitcoin (BTC) reserves, while Coinbase’s holdings have significantly dwindled. This remarkable trend unfolds amid a backdrop of market turbulence in the cryptocurrency world, particularly following announcements of lawsuits against Binance and Coinbase by the US SEC.
TMS Network (TMSN) Presale Closes in on the $6M Mark
Recently unveiled, TMS Network (TMSN) has stirred the crypto sphere with its exciting new presence. Acting as an innovative bridge, TMSN uniquely unifies traditional and crypto markets. As a versatile platform, TMSN facilitates active trading of cryptocurrencies, CFDs, forex, and equities, a feature that has played a key role in skyrocketing its popularity within the crypto investment scene.
From its initial stage 1 presale, TMS Network (TMSN) has experienced a surge in investor interest globally. This excitement has propelled its value considerably higher, progressing from $0.025 in the Stage 1 presale, hitting $0.05 in Stage 2, then soaring to $0.078 in the Stage 3 presale. The current stage 4 presale showcases TMSN’s strong growth trend, with an outstanding $0.104 trading.
TMS Network (TMSN) has demonstrated an impressive 300% value appreciation throughout its ongoing ICO. The momentum TMSN has gained shows no sign of subsiding, projecting a bright future for this innovative market disruptor blending traditional and crypto trading elements.
Join the Presale:
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
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