Stargate Finance is a cross-chain bridge utilizing a unified liquidity pool model. STG is the native governance token that can be staked to earn protocol revenue.
The Stargate protocol is part of multi-chain DeFi systems and is built on top of the LayerZero protocol, which allows for the transfer of funds across multiple blockchains.
The Stargate token (STG) provides a solution to the “bridging trilemma,” enabling users and decentralized applications to transfer native assets cross-chain with instant guaranteed finality by accessing the protocol’s unified liquidity pools. STG is the first multi-chain omnichain fungible token (OFT) that can freely move between all existing LayerZero chains. STG holders can lock their STG tokens to receive veSTG, Stargate’s governance token.
The tools offered by Stargate to its users include:
Transfer: Access Stargate’s unified liquidity pools to swap native assets cross-chain 1:1. Stargate transfers have instant guaranteed finality; a transfer initiated on the source chain is guaranteed to complete on the target.Pools: Add liquidity to Stargate’s Omnichain protocol and earn stablecoin rewards with every Stargate transfer. Liquidity providers can also farm their LP tokens to earn STG token rewards.Farms: Stargate liquidity providers can farm their LP tokens to earn STG rewards, allowing them to gain STG and become part of the Stargate community.Stake: STG holders can lock their STG tokens to receive veSTG, Stargate’s governance token. The longer users stake their STG tokens, the more veSTG they receive.Additionally, DeFi users can swap native assets cross-chain on Stargate in a single transaction. For example, users can swap USDC on Ethereum for USDT on BNB.
Applications build on Stargate to create application-level native cross-chain transactions. For instance, your favorite DEX can integrate Stargate to complete single-transaction cross-chain swaps, allowing you to swap AVAX for ETH in a single transaction within your favorite DEX’s user interface.
How to Buy STG Coin?STG Coin can be quickly and securely purchased through Binance, the world’s largest cryptocurrency trading platform by trading volume.
To buy STG Coin, first register with Binance and then transfer fiat currency. After transferring fiat currency such as dollars, you can trade STG Coin in pairs such as Bitcoin (BTC), BUSD, and Tether (USDT).
Additionally, on Binance, users can place buy orders not only at market value but also at a lower value. To do this, simply use the Limit tab and enter the desired amount and price.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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Worldcoin, the crypto project co-founded by OpenAI’s CEO Sam Altman, recently saw its token’s price drop over 6% following Alameda Research’s continued sales. Some analysts believe WLD’s price could continue to move sideways before recovering its bullish momentum.
Alameda Goes On A Worldcoin Sell-off On-chain data analysis firm SpotOnChain revealed that Alameda Research has sent part of its WLD holdings to crypto exchanges for the past two months. The report shared that, since early August, FTX’s sister company has transferred 1.56 million WLD tokens to Binance.
The firm has sent around 143,770 WLD tokens, worth around $2.51 million, every week since August 9, selling the tokens in 10 batches at an average price of $1.6. The news came two days after US Bankruptcy Judge John Dorsey approved FTX’s repayment plan.
The approval allows the crypto exchange to pay customers between $14.7 billion and $16.5 billion in recovered crypto assets. Alameda received around $8 billion of FTX users’ misappropriated funds, allegedly used for the fund’s trading operations.
Some suggest that the sell-off is linked to FTX’s repayment plan, which is expected to start soon and could signify further selling pressure from the companies. Per SpotOnChain’s report, Alameda’s wallet holds 23.44 million WLD tokens worth around $43 million.
At its current selling rate, it could take over three years to completely unload Alameda’s Worldcoin holdings. Additionally, other altcoins could face selling pressure from the company.
The wallet holds $98.8 million in other cryptocurrencies, including 100.9 million Stargate Finance (STG), 1.78 million Mantle (MNT), and 98.86 million BitDAO (BIT), now MNT. The company’s BIT holdings, valued at $68 million, could start being sold in November, as the 3-year no-sale commitment with BitDAO ends.
WLD Price Reacts To The News Following the sell-off report, Worldcoin saw a 6% dip in the daily timeframe. The token’s price dropped from the $1.98 mark to the $1.77 support zone in the last 24 hours, representing a 4.5% decline in WLD’s biweekly performance.
The cryptocurrency registered a remarkable 31% weekly surge in late September after Worldcoin announced its expansion to three new countries. As reported by NewsBTC, the crypto project revealed it was bringing its World ID services to Guatemala, Poland, and Malaysia.
The news, alongside the crypto market’s recovery, propelled the token’s price above the $2 mark, which was momentarily held. Since then, the token has struggled to reclaim the key support zone, hovering between $1.58-$2.03 levels for the past week.
Crypto analyst Yuiry from BikoTrading noted that WLD’s price retested the $1.5 crucial level after October 1’s drop, bouncing around 33% from this level. As the token continues trying to retest the $2 resistance level, the analyst expects it to move within its new $1.8-1.98 range for a few days before breaking above it.
As of this writing, WLD is trading at $1.8, an 8.7% and 27.4% increase in the weekly and monthly timeframes.
Worldcoin (WLD) performance in the weekly chart. Source: WLDUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
Stargate Finance’s token soared by 13% after OpenGate unveiled an AI mega-project of the same name involving SoftBank, Nvidia and Oracle.
Stargate Finance’s token (STG) has bounded as high as 13% in the past 24 hours, according to data from crypto.news, the. The token is now trading hands at $0.38. However, the token has seen less than stellar numbers, plummeting by 6% in the past week and falling more than 13% in the past two weeks.
This unexpected leap came only a few hours after OpenAI, SoftBank, MGX and Oracle announced plans to create an AI-focused venture called “Stargate.” According to OpenAI and SoftBank’s joint statement, the Stargate Project is meant to be a new company that aims to invest $500 billion funds to develop AI infrastructure primarily in the U.S.
Despite having no relation to OpenAI’s upcoming project, Stargate Finance’s trading volume surged by 53.10% to $54 million in the past 24 hours, indicating a significant increase in recent market activity. Stargate Finance has a market cap of more than $75 million and a fully diluted valuation of $370 million.
Price chart for Stargate Finance’s token showing a surge after OpenAI’s announcement | Source: crypto.news Stargate Finance is a liquidity transport protocol based within the omnichain DeFi. The platform allows users and dApps to make crypto transfers from one blockchain to another, acting as a cross-chain bridge. The Stargate Finance token, STG, was launched in March 2022 and is listed on Binance, MEXC and WhiteBIT.
OpenAI to launch Stargate Project with major industry players According OpenAI and SoftBank’s official statement, the firms involved will start the projected $500-billion-dollar Stargate by deploying an initial $100 billion immediately.
SoftBank will be in charge of the project’s financial aspect, with SoftBank CEO serving as Stargate’s Chairman. On the other hand, OpenAI will bear the operational responsibility, using the funds to develop AI infrastructure integrated within the system.
“This project will not only support the re-industrialization of the United States but also provide a strategic capability to protect the national security of America and its allies,” wrote OpenAI and SoftBank in a joint statement.
Other firms involved in the project include Microsoft, NVIDIA, Oracle and MGX. The first site for the project will be established in Texas while the team considers other potential locations for future campuses across America.
Oracle, NVIDIA, and OpenAI will work towards building and operating AI infrastructure within the Stargate Project. Additionally, Open AI plans to involve Microsoft’s Azure in training AI models and other services as part of its ongoing partnership with the tech tycoon.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Stargate Finance, a popular DeFi protocol to streamline cross-chain transfers, has announced the expansion of support for Aptos, the well-known L1 blockchain for security, scalability, and speed. Stargate shared this news on its official social media account.
Stargate now supports CCTP for @Aptos.
You can now transfer native $USDC—issued by @Circle—directly from Stargate with 1:1 capital efficiency from CCTP's 7 other connected chains.
With $100M+ in Aptos OFT volume, Stargate is a key access point to Aptos thriving DeFi ecosystem,… pic.twitter.com/jZsJNz5hBW
— Stargate (@StargateFinance) March 20, 2025 Stargate Allows Native $USDC Transfers on Aptos Stargate is reportedly integrating with Aptos to enable support for its Cross-Chain Transfer Protocol (CCTP) with local $USDC transactions across different chains. This integration permits consumers to transact native $USDC, the widely-used, USD-backed stablecoin issued by Circle. CCTP has already launched across 7 other chains while its arrival at Aptos marks a landmark in improving interoperability and liquidity.
This integration makes Stargate a vital gateway into the flourishing DeFi ecosystem of Aptos. Aptos currently boasts more than $1B in its TVL across above 50 protocols. Stargate now plays a crucial role in enabling unparalleled cross-chain transactions. DeFi consumers can now utilize the infrastructure of Stargate to shift funds into Aptos. They can also delve into its swiftly growing financial ecosystem.
One of the key opportunities that this integration provides includes the supply of $USDC into capital markets. In this respect, consumers can deposit $USDC tokens into top lending firms like Echo Protocol, Meso Finance, and Echelon Market. Additionally, another benefit of this integration is the liquidity provision on decentralized exchanges. Moreover, the initiative also allows users to take part in diverse perpetual decentralized exchange vaults.
Driving Vision of Completely Interlinked Omnichain Ecosystem According to Stargate, the integration with Aptos bridges ecosystems as well as improves interoperability. This endeavor aligns with Stargate’s vision of a completely interlinked omnichain ecosystem. Hence, the capability to shift native $USDC tokens effectively across diverse networks underscores a noteworthy move in overall DeFi innovation.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Stargate Finance, a prominent cross-chain asset bridging and liquidity protocol, has announced its collaboration with Aptos, a cutting-edge L1 blockchain prioritizing scalability, security, and performance. The partnership is focused on launching Wrapped Bitcoin ($WBTC) on Aptos through Stargate and LayerZero, an advanced omnichain interoperability platform. The platform took to social media to announce this initiative.
Stargate Finance Partners with LayerZero to Release $WBTC on Aptos With this partnership, Startgate Finance and LayerZero have officially launched Wrapped Bitcoin ($WBTC) on Aptos. Hence, more than $15B in $WBTC is currently in circulation. This integration leverages Stargate to enable the native movement of Bitcoin ($BTC) between ten linked blockchains and Aptos. This ensures transactions with zero fees and zero slippage when routed through the omnichain protocol of Stargate.
Apart from that, $WBTC’s launch underscores an exclusive chapter in the journey of Bitcoin beyond the native blockchain thereof. This reportedly offers comprehensive liquidity while also improving Aptos’ DeFi capabilities. Aptos also plays a crucial role in this development with the provision of modular architecture, parallel execution, and scalability. Additionally, this makes it the perfect hub to broaden the use cases of Bitcoin ($BTC) in decentralized finance (DeFi).
Now, on Aptos, $WBTC has already witnessed integrations with a broad range of DeFi entities. They include Hyperion XYZ, Kofi Finance, Cellana Finance, Tapp Exchange, Moar Market, Kanalabs, Pandora Exchange, Thala Labs, Echelon Market, and Aries Markets. Hence, the respective ecosystem-wide support delivers rapid liquidity of Bitcoin ($BTC) across Aptos-based yield farming, trading, and lending platforms.
By utilizing the Omnichain Fungible Token standard of Stargate, Bitcoin ($BTC) can smoothly move across diverse networks without facing liquidity fragmentation. This development also provides consumers with access to new DeFi opportunities in the Aptos ecosystem. At the same time, this also maintains unparalleled interoperability with the rest of the blockchains.
Strengthening Users and Developers with Comprehensive Liquidity, Security, and Speed According to Stargate, the release of $WBTC on Aptos in collaboration with LayerZero advances BTCfi. Thus, this move allows users and developers to delve into the latest financial products that merge the liquidity and security of Bitcoin with the low-latency and high-speed infrastructure of Aptos. Overall, this unlocks wider liquidity, improved efficiency, as well as additional opportunities to benefit $BTC holders working across ecosystems.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
TLDR LayerZero Foundation has proposed acquiring Stargate (STG) for $110 million in an all-token deal The plan would convert all STG tokens to ZRO at a fixed rate of 1 STG to 0.08634 ZRO Both tokens have seen price increases of over 20% in 24 hours following the announcement Community feedback has been mixed, with many STG holders criticizing the swap ratio and loss of staking rewards If approved, the merger would consolidate cross-chain infrastructure under a single token economy LayerZero Foundation has proposed a $110 million acquisition of Stargate Finance, aiming to merge the STG token economy into the LayerZero ecosystem. The plan would convert all STG tokens into ZRO at a fixed rate, effectively ending Stargate’s standalone governance and rewards system.
The proposal was announced on August 10, 2025, through LayerZero’s official channels and Stargate’s community forum. This move would bring Stargate back under the LayerZero umbrella, as Stargate was originally developed and launched by LayerZero in 2022.
The LayerZero Foundation has proposed an acquisition of Stargate (STG).
Bring the Bridge Home. pic.twitter.com/OfB4eV2r96
— LayerZero (@LayerZero_Core) August 10, 2025
Under the proposed terms, STG tokens would be swapped for ZRO at a rate of 1 STG to 0.08634 ZRO. This conversion would retire STG as a separate token, consolidating both protocols’ cross-chain infrastructure under a single asset.
The news has had a major impact on both tokens’ prices. LayerZero’s ZRO token has gained over 23% in the past 24 hours to trade at around $2.44, while Stargate’s STG token saw 24-hour gains of approximately 16.5%, trading at just over 19 cents.
Community Reaction The proposal has received mixed feedback from the Stargate community. Many STG token holders have expressed concerns about the swap ratio and the loss of staking benefits.
Stargate’s bridge operations generated $939,000 in payouts to STG stakers over the past three months. After the merger, these revenues would flow directly to the LayerZero Foundation instead of STG holders. The plan would eliminate Stargate’s current staking program, ending fixed-yield payouts to locked STG holders.
“The offers are not attractive at all. They do not offer any advantages to STG holders, and STG’s revenue-sharing system is not available on ZRO. We will only be able to hold on to our tokens,” one Stargate user wrote in the forum.
Other community members suggested that LayerZero should improve the terms, possibly offering a 1:1 token swap due to “the amount of revenue Stargate makes and the potential for the protocol.”
Strategic Rationale LayerZero co-founder and CEO Bryan Pellegrino explained the strategic rationale behind the proposal on social media. He stated that he wants “to move faster, ship faster” and believes the merger would “help Stargate execute on its ambitious roadmap while creating a single stack that anybody integrating within the LayerZero ecosystem can adopt.”
Pellegrino added that the deal would give STG holders “a more liquid token” and would provide the Stargate community “a clear path forward with significantly more resources and a single unified direction.”
The LayerZero Foundation has pitched the acquisition as “designed to accelerate both Stargate and LayerZero, giving Stargate the resources to ship on an aggressive roadmap that expands its prerogative outside of bridging.”
LayerZero also stated that combining the two tokens will make the system simpler, reduce overlap, and focus value in one asset.
Stargate allows users to transfer digital assets across blockchains using liquidity pools. The platform is designed to enable native asset transfers instead of relying on traditional blockchain bridges, which have a history of security vulnerabilities.
Both tokens remain well below their all-time highs. ZRO is down 67% from its December peak of $7.47, while STG has fallen over 95% from its mid-2022 high of $4.14.
The proposal will remain open for community comments for seven days. Following this period, Stargate’s decentralized autonomous organization (DAO), made up of token holders, will vote on whether to approve the deal.
The outcome of this proposal could set a precedent for how closely linked protocols navigate governance, valuation, and revenue redistribution in similar consolidations within the crypto ecosystem.
TLDR: Wormhole offered $120M USDC to acquire Stargate, exceeding LayerZero’s $110M proposal currently up for DAO vote. LayerZero’s deal dissolves Stargate DAO and swaps $STG for $ZRO at a fixed 1:0.08634 conversion ratio. Wormhole pledged to honor Stargate’s commitments for 12 months, pushing for a competitive process for $STG holders. Stargate DAO’s vote on the LayerZero acquisition runs until August 24, requiring 70% approval with 1.2M quorum. A takeover battle is heating up in DeFi. Stargate Finance, one of crypto’s largest cross-chain liquidity projects, is now caught between two buyers.
LayerZero has already tabled a $110 million acquisition that dissolves Stargate’s DAO. Wormhole responded with a higher $120 million all-cash proposal, calling for more time before the vote ends.
The race leaves Stargate’s community at the center of a fast-moving tug-of-war.
LayerZero’s $110M Stargate Proposal On August 17, Stargate Ecosystem shared details of a buyout plan from LayerZero. The terms place all circulating $STG, including staked tokens, into a fixed swap for LayerZero’s $ZRO at 1 STG to 0.08634 ZRO.
Locked and staked tokens would be released, giving holders immediate liquidity through the swap.
LayerZero have proposed to acquire Stargate (STG).
A final proposal is now live on Stargate's Snapshot.
Voting to start precisely at August 17th, 00:24 GMT.
______________
Key implications of this proposal:
Acquisition terms: All circulating STG (including staked/voting STG)… pic.twitter.com/jXAeCDCPus
— StargateEcosystem (@StargateEco) August 16, 2025
The plan also introduces a revenue split. veSTG holders captured in the snapshot receive half of Stargate’s revenue for six months. The remaining revenue supports ZRO buybacks, with full buybacks starting after the six-month window.
Governance is also part of the deal. Stargate DAO would be dissolved, with its operations moving under the LayerZero Foundation. Voting for the proposal began on August 17 and is scheduled to close on August 24.
For approval, the Snapshot requires 1.2 million veSTG votes and at least 70 percent support. Stargate’s future hinges on whether holders agree to shift fully into LayerZero’s ecosystem.
Wormhole Counters With $120M Cash Offer Just days later, the Wormhole Foundation went public with a competing proposal.
In a post on August 22, the group announced a $120 million all-cash offer, topping LayerZero’s initial $110 million valuation. The team emphasized the bid removes conversion risks and gives holders immediate USDC liquidity.
1/ The Wormhole Foundation has arranged financing and is prepared to make an initial offer of at least $120M USDC for @StargateFinance, exceeding the initial $110M ZRO bid. An all-cash purchase provides $STG holders with maximum certainty and immediate liquidity. No delays and no…
— Wormhole Foundation (@WormholeFdn) August 22, 2025
Wormhole stated it would honor Stargate’s existing agreements for 12 months, covering counterparties, integrators, and contributors. The group stressed that Stargate deserves a competitive process instead of a quick sale at what it views as a lower valuation.
The foundation also said Stargate would remain a key part of Wormhole’s broader product line. With resources behind it, contributors see room to expand usage and integrate with other Wormhole initiatives under development.
The move places pressure on Stargate’s DAO voters. With Wormhole urging a pause in the voting process, Stargate holders must now weigh immediate ZRO integration against a higher cash payout.
The decentralized finance (DeFi) sector has experienced notable growth in total value locked (TVL) over the past month. In this respect, USDAI ($USDAI), Stargate Finance ($STG), and Aster ($ASTER) have obtained the leading positions in terms of 30-day performances. As per the data from Phoenix Group, the other DeFi players on the monthly top-10 list include M0 ($M0), Avantis ($AVNT), Synthetix ($SNX), Fluid ($FLUID), Maple ($MPL), Euler Finance ($EUL), and Zeus Network ($ZEUS). Hence, the massive monthly performance of the DeFi ecosystem highlights the renewed investor sentiment and potential growth opportunities.
USDAI Dominates DeFi Market in Monthly TVL Growth with a Stunning 361% Rise Specifically, USDAI ($USDAI) has occupied the top position in the case of TVL growth over the past 30 days. Thus, its TVL has jumped by a staggering 361% to reach the $504.7M mark. At the same time, its market cap stands at $534.1M. In addition to this, Stargate Finance ($STG) has surged by 170%, hitting $757.1M in TVL over the past 30 days.
Subsequently, Aster ($ASTR) has witnessed a 166% spike, reaching $776.7M when it comes to TVL. The next noteworthy DeFi project on the list is M0 ($M0), claiming a TVL of up to $796.9M after a 152% increase. After that, Avantis ($AVNT) has claimed the 5th spot at $55.6M, accounting for 142% climb. Additionally, Synthetix’s TVL is now sitting at $152.9M as a result of a 76.1% increase over the past month.
Zeus Finance Claims 10th Rank on List with 31.4% TVL Increase Over 30 Days Phoenix Group’s list of top DeFi projects adds Fluid ($FLUID) in the 7th position as it has risen by 53.9% to claim a TVL of almost $2.8B. Following that, Maple’s ($MPL) 33.1% TVL increase has elevated it to $2.8B. Moreover, Euler Finance ($EUL) has touched the 1.9B figure in TVL, led by a 32.2% monthly surge. Coming after that, Zeus Network ($ZEUS) has recorded a 31.4% monthly spike to reach $61.9M in TVL. Overall, amid the wide-scale TVL growth in the DeFi sector, the market onlookers are keenly looking for the signs of the continuation or a reversal of this pattern.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
The decentralized finance (DeFi) landscape has experienced notable growth over the week. Specifically, Saros ($SAROS), Blackhole ($BLACK), and Giza ($GIZA) have occupied the top positions in terms of latest weekly TVL growth. As per data from DefiLlama, the top-10 list includes River ($RIVER), Curve DAO Token ($CRV), Seamless ($SEAM), Resolv ($RESOLV), Stargate Finance ($STG), EVAA Protocol ($EVAA), and Four ($FORM). This growth suggests renewed interest among investors and increasing DeFi inflows.
Saros Dominates DeFi Market in 7-Day TVL Rise with 83.3% Growth Particularly, Saros ($SAROS) is the leading among the DeFi projects when it comes to weekly TVL increase. In this respect, it has experienced a staggering 83.3% rise, placing its TVL at $1.8M while its market capitalization accounts for $7.9M. Additionally, Blackhole ($BLACK) stands in the 2nd place, claiming a 32.1% jump in TVL, attaining the $104.8M mark.
Subsequently, Giza is sitting in the 3rd position, with a 27.2% surge in its TVL. As a result of this, the project’s current TVL is $31.4M while the market capitalization thereof is $9.8M. After that, River ($RIVER) holds the 4th rank as its TVL has gone through a 19.3% increase. Hence, $RIVER’s TVL is now hovering around $155.8M, whereas its market cap is $82.3M.
Following that, Curve DAO Token ($CRV) accounts for the 5th place among the top DeFi platforms based on weekly TVL growth. Thus, its TVL has hit the $2.6B mark due to a 17.4% growth. The next name on the list is Seamless ($SEAM), attaining a 10.5% rise. Therefore, the project’s TVL has eventually touched the $90.2M spot over the past seven days.
Four Concludes Top-10 List with 5.0% TVL Hike over Week DefiLlama’s list of top DeFi projects according to weekly TVL increase adds Resolv ($RESOLV) in the 7th position. Specifically, its 10.4% jump has placed its TVL at $272.73M. Moreover, Stargate Finance’s ($STG) 9.1% uptake has pushed its TVL to $31.4M. Furthermore, EVAA Protocol ($EVAA) stands at $12.0M in TVL after a 7.9% hike over the week. In the end, Four ($FORM) has secured a 5.0% growth, touching $5.4M in TVL.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Stable, a blockchain platform backed by Bitfinex and PayPal Ventures, has launched its STABLE token airdrop today through Merkl and Stargate Finance distribution systems.
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The project has also rolled out its USDT-native layer 1 blockchain, StableChain, designed to optimize stablecoin settlements with high volume and predictability.
StableChain aims to revolutionize how stable values are transferred globally, addressing the inefficiencies of existing systems and establishing a foundation primarily focused on stablecoin transactions.
The launch is supported by a robust ecosystem including partners like USDT0, Curve Finance, Allium, PayPal, Transak, and WalletConnect, all committed to fostering a scalable, trustworthy, and compliant stablecoin infrastructure.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
PANews reported on December 10th that Coinbase Markets issued a reminder that Stargate Finance (STG) has migrated to LayerZero (ZRO). Coinbase will not perform these asset migrations on behalf of clients. If users hold STG and wish to convert it to ZRO, they need to use a compatible self-custodied wallet for the conversion. There is currently no deadline for the token conversion.
Author: PA一线
This content is for market information only and is not investment advice.
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
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Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
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China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
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Quarterly crypto options expiry will take place tomorrow, with $11.32 billion in BTC and ETH options set to settle.
Crypto options are set for their quarterly expiration and settlement tomorrow. Data from crypto derivatives platform Deribit shows that crypto options with a total notional value of $11.32 billion will expire, with details as follows: · BTC options have a notional value of $9.68 billion, a put/call ratio of 0.75, and a max pain point of $72,000; · ETH options carry a notional value of $1.64 billion, a put/call ratio of 0.56, and a max pain point of $2,000.
2 minutes ago
A crypto whale liquidated all 27,585 ETH after lying dormant for 7 years, booking a profit of $39.1 million.
According to monitoring by Onchain Lens, whale address 0x096, which had remained dormant for seven years, sold all 27,585 ETH at an average price of $1,625, obtaining 44.84 million USDS and locking in a profit of $39.1 million.
2 minutes ago
Multiple investment banks raise Micron Technology’s price targets, with JPMorgan Chase lifting its target from $550 to $1,540.
Due to Micron Technology (MU)'s financial results and market expectations, multiple investment banks have raised the chipmaker's price targets. JPMorgan Chase lifted Micron's price target from $550 to $1,540; D.A. Davidson raised its target from $1,500 to $2,000; and H.C. Wainwright hiked its target from $1,750 to $2,000.
