Arbitrum Temporarily Stopped Processing Due to Software Bug
The Ethereum layer 2 network went out of service for several hours due to a bug in the sequencer and a resulting transaction backlog that stressed the network. A fix was deployed and the network is now processing again.

The Arbitrum blockchain suffered from a bug in its software Wednesday that caused the network to stop processing transactions on-chain for several hours.
There was a bug in Arbitrum’s sequencer, “responsible for taking user transactions, creating a batch of the transaction, and posting it on-chain,” according to the Arbitrum developers’ official Twitter account.
The software bug “created network stress caused by the large backlog of transactions which hadn’t been posted on-chain,” wrote Arbitrum Foundation’s community lead, who goes by the username “eli_defi,” on Discord. “A solution has already been deployed earlier today, and everything has been operating as it should.”
More For You
Pudgy Penguins: A New Blueprint for Tokenized Culture

Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Deus X CEO Tim Grant: We aren't replacing finance; we're integrating it

The Deus X CEO discussed his journey into digital assets, the company's infrastructure-led growth strategy, and why his Consensus Hong Kong panel promises "real talk only."
What to know:
- Tim Grant entered crypto in 2015 after early exposure to Ripple and Coinbase, drawn by blockchain’s ability to improve traditional finance rather than replace it.
- Deus X combines investing and operating to build regulated digital finance infrastructure across payments, prime services, and institutional DeFi.
- Grant will be speaking at Consensus Hong Kong in February.











