• ArenaDAO's governance token, ARENA, jumped 11.12% in the past hour and 48.99% in the past 24 hours following the opening of ArenaDAO's vote to authorize Paradigm's purchase of 150 million tokens or 15% of the total supply for $6 million USDC.
• The token's fully diluted valuation is $79.8 million at presstime, but at Paradigm's purchase price of ARENA, the token has a fully diluted valuation of $40 million.
• The on-chain voting period for ArenaDAO opened and a total of 9 addresses voted, providing unanimous support in favor of authorizing the DAO to sell its tokens to Paradigm.
• If passed, the $6 million sale to Paradigm will be authorized and the funds will be used as working capital for the DAO to grow Code4rena, an audit platform that organizes security contests for smart contracts.
• Paradigm is involved with Code4rena and also organizes its own Web3 focused security competition called Paradigm CTF.

The article has a positive sentiment as it reports the increase in value of ArenaDAO's governance token and the unanimous support for the token sale to Paradigm. The article also highlights the importance of smart contract security and the involvement of Paradigm in promoting it.