Gate News Bot Message, March 02, according to CoinMarketCap data, as of press time, ARC (AI Rig Complex) is currently priced at $0.04, up 36.22% in the past 24 hours, with a high of $0.13 and a low of $0.02. The 24-hour trading volume reached $135 million. The current market capitalization is approximately $40.6 million, an increase of $10.8 million compared to yesterday. ## Recent Important News about ARC: 1️⃣ **Circle-led ARC Public Chain Ecosystem Continues to Improve** ARC, a Layer 1 blockchain compatible with EVM launched by Circle for stablecoins, has completed its public testnet launch and attracted participation from top global institutions including BlackRock, Visa, and Anthropic.

A crypto whale engaged in high leverage trading on the Lighter platform, resulting in a loss of $8.2 million. As market volatility increased, the platform activated its deleveraging mechanism to manage the risk, ultimately limiting liquidity loss to $75,000. This incident highlights the vulnerability of decentralized derivatives markets in low-liquidity assets.

Circle CEO Jeremy Allaire stated during the earnings call that the exploration of the Arc token is still ongoing. The specific launch date has not yet been determined, but it is expected to go live on the mainnet in 2026, and there is anticipation for multiple companies to participate in infrastructure operation and application development.

A whale deposited 8.39 million USDC into Lighter to go long on ARC. After establishing a position of 210 million tokens, the ARC price increased but was subsequently liquidated, resulting in a loss of 5.3 million. Another whale profited through a DCA strategy, selling 9.8 million ARC tokens and still holding 6.4 million.