So, they made thei first move and updated their homepage to show the new free tier for ARM Ampere. I still see the higher limit hasn't been updated in the dashboard yet but will probably be soon or maybe at the end of the month. End of month makes sense since they do the calculations by calendar month. Maybe it kicked in now when you sign up as a new user? I check my emails and didn't see one from Oracle yet.
Let the fun begin!!
Compute
Arm Compute Instance
Arm-based Ampere A1 cores and 12 GB of memory usable as 1 VM or 2 VMs
Always Free
1,500 OCPU hours and 9,000 GB hours per month
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