Breaking news: Binance has submitted a proposal to the Arbitrum governance forum, requesting the return of 8,425.997 ETH and 74,559,805.2 ARB frozen on Arbitrum One to a recovery address designated by Binance.
Overall, this is somewhat bearish. $ETH is currently at 2305.87.
People in different positions interpret the same news very differently. Has the market fully priced it in? Share your thoughts in the comments.