“`html

Summary

Leading exchanges Binance and Upbit have listed LayerZero’s ZRO token, causing significant price fluctuations and boosting Arbitrum’s daily revenue by 16,500%.

Introduction

The recent airdrop of LayerZero’s ZRO token on major exchanges like Binance, Bitfinex, and OKX has led to increased liquidity and visibility. However, the token’s price faced a decline post-implementation of a ‘Proof-of-Donation’ mechanism, stirring community discussions.

Main Points

After reaching an initial price surge of $4.80, ZRO’s value dropped to $3.12 due to the new mechanism, with the latest price at $3.16. The market capitalization stands at $789 million, with a trading volume of $666 million and a total supply of one billion ZRO tokens.

Arbitrum, a layer two technology, experienced a massive 16,500% increase in daily revenue to $3.43 million following LayerZero’s token launch, illustrating the impact on the blockchain ecosystem.

Conclusion

The future price movement of ZRO remains uncertain, with the RSI signaling selling pressure. Bulls need to surpass resistance levels at $3.26, $3.37, and $3.40-$3.50 to regain momentum. On the other hand, bears might drive the price down to $3.10 or lower if dominance continues.

Highlighted News of the Day

Standard Chartered Bank is set to launch a trading desk for spot cryptocurrency, reflecting the increasing acceptance and adoption of digital assets in traditional financial institutions.

“`