APECOIN DAO CHOOSES ARBITRUM TO HOST APECHAIN

Summary from the TLDR Crypto newsletter

The DAO behind ApeCoin has voted to build its gaming-focused ApeChain on Arbitrum, a popular Ethereum scaling solution. The decision has led to a modest rally in APE's price, a slight reversal from the fairly consistent decline it has had since its launch two years ago. However, the decision sparked controversy as the top voter was Horizen Labs, the team that developed the staking mechanism for APE coin that disappointed many in the community. Horizen was also the author of the proposal and would be working on ApeChain, so some community members are accusing them of self-dealing.