Blockchain enthusiasts, take note! 📣There is big news recently! According to Blockworks, the ARB token traded above $2 for most of January as investors enthusiastically chased Ethereum-related tokens during the period when the Bitcoin spot ETF was approved. This phenomenon has contributed to a significant increase in the value of Arbitrum's treasury holdings. 🚀

According to DeepDAO data, the value of Arbitrum’s treasury holdings has risen from about $3 billion in October 2023 to a high of $7 billion, and has now fallen back to about $6.6 billion. 💹However, the DAO does not currently have the spending power of billions of dollars because ARB lacks the market depth to absorb most of the value. 😔

Nonetheless, we remain optimistic about Bitcoin. 💪In the blockchain industry, we always pay attention to global regulatory developments, industry trends and cryptocurrency news. Let us look forward to the future development of ARB tokens and Arbitrum treasury! 🌟