stargate

The cross-chain protocol Stargate tweeted that it repurchased a total of 146,430 ZRO in February, worth approximately $300,000. As of now, its cumulative repurchase amount is 1,495,039 ZRO, valued at around $3.14 million.The official statement indicates that Stargate's revenue is currently distributed to veSTG stakers and ZRO repurchase at a 50/50 ratio. Starting next month, Stargate's revenue will be used 100% for ZRO repurchase.In previous news, Stargate tweeted that the LayerZero Foundation has officially completed a full acquisition of Stargate (STG), including the protocol, tokens, and treasury. After the acquisition, STG tokens will be exchangeable for LayerZero's native token ZRO at a fixed rate (1 STG = 0.08634 ZRO), and the exchange window will remain open for a long time.

According to official news, Gate Layer has officially launched its cross-chain bridge feature and completed integration with the cross-chain infrastructure Stargate, bringing more efficient and secure cross-chain asset transfer capabilities to the ecosystem. With the number of on-chain addresses exceeding 100 million and cumulative transaction volume reaching tens of millions, this upgrade will further enhance the network connectivity of Gate Layer, providing developers and users with a smoother multi-chain interaction experience.After the launch of the cross-chain bridge, Gate Layer will possess more efficient cross-chain asset transfer capabilities, higher network interoperability, and ecosystem connectivity, significantly improving the scalability and flexibility of dApps in multi-chain scenarios.The implementation of this feature is an important step for Gate Layer in advancing the construction of high-performance, open Web3 infrastructure, and marks a new phase for the Gate ecosystem towards broader cross-chain interconnectivity.

ChainCatcher message, according to the Web3 asset data platform RootData X tracking data, in the past 7 days, the composable liquidity transfer protocol Stargate Finance has been the project that X (Twitter) top figures have unfollowed the most. The new influential figures on X who have unfollowed this project include cryptocurrency trader The Crypto Dog (@TheCryptoDog) and Rainy Sleep (@0xSleepinRain).In addition, the project that X top figures have unfollowed the most also includes TreasureDAO.

According to ChainCatcher news, the LayerZero official announcement states that the Stargate DAO has approved its acquisition of Stargate (STG). StargateDAO members voted 95% in favor of the acquisition, and STG holders will be able to convert their tokens to ZRO on Monday.On August 11, the LayerZero Foundation proposed a $110 million acquisition of the Stargate cross-chain bridge and its STG tokens. According to the terms of the proposal, STG tokens will be deactivated, and STG holders can exchange their tokens for LayerZero's native token ZRO at a rate of 1 STG for 0.08634 ZRO, which equates to a value of $0.1675 per STG and $1.94 per ZRO.

ChainCatcher news, the Wormhole Foundation has officially made a takeover bid for Stargate, planning to acquire Stargate with an initial offer of at least 120 million USDC. This offer is higher than LayerZero's 110 million dollars and will be made in cash rather than through token exchange.

ChainCatcher news reports that the Wormhole Foundation stated that the LayerZero Foundation previously proposed to acquire the Stargate cross-chain bridge and its STG token for $110 million. Wormhole believes this offer is too low and undervalues Stargate's strong growth. The Wormhole Foundation is preparing to submit a higher bid and requests a suspension of the ongoing snapshot vote for 5 business days.On August 11, LayerZero Foundation proposed to acquire the Stargate cross-chain bridge and its STG token for $110 million. According to the terms of the proposal, the STG token will be deactivated, and STG holders can exchange their tokens for LayerZero's native token ZRO at a rate of 1 STG for 0.08634 ZRO, which equates to a value of $0.1675 per STG and $1.94 per ZRO.

ChainCatcher news, according to market news, the LayerZero Foundation's acquisition proposal for Stargate has started voting, with a current support rate of 97.07%. Voting will end on August 24.

ChainCatcher news, according to The Block, the LayerZero Foundation has proposed to acquire the Stargate cross-chain bridge and its STG token for $110 million. According to the terms of the proposal, the STG token will be deprecated, and STG holders can exchange their tokens for LayerZero's native token ZRO at a rate of 1 STG for 0.08634 ZRO, which equates to a value of $0.1675 per STG and $1.94 per ZRO.Stargate will be incorporated into the LayerZero

ChainCatcher news, according to the Financial Times, OpenAI plans to expand its $500 billion data center project "Interstellar Gateway" overseas from the United States, but has not yet disclosed details on project financing and implementation. OpenAI's Vice President of Global Affairs, Chris Lehaney, stated, "This investment will exceed our expectations in the United States."Previous news, OpenAI CEO Sam Altman launched the "Interstellar Gateway" project in January this year at the White House with U.S. President Trump, SoftBank CEO Masayoshi Son, and Oracle CEO Larry Ellison. Trump praised the plan to spend $500 billion on U.S. artificial intelligence infrastructure during his term as "a declaration of confidence in America."

ChainCatcher news, according to official sources, Stargate Finance has integrated Circle's Cross-Chain Transfer Protocol (CCTP), allowing users to achieve 1:1 capital efficiency for native USDC transfers across multiple chains. Supported chains include Arbitrum, Ethereum, Avalanche, Solana, Aptos, Base, Polygon, and Optimism.

ChainCatcher news, the cross-chain liquidity protocol Stargate tweeted that the TON mainnet has launched Stargate, allowing users to cross-chain to TON from the Stargate frontend. Yesterday, LayerZero was deployed to TON.

ChainCatcher message, Stargate Finance has successfully integrated the Aptos network, providing Aptos ecosystem users with new opportunities to transfer assets across chains from EVM chains.Users can now use this bridge to transfer USDC, USDT, and ETH from 6 EVM chains to Aptos and receive the corresponding lzAssets.

ChainCatcher news, Bitget announced the launch of Bitget Seed and revealed the first batch of projects, which are: STARGATE, HSM, QUDE, UFD, LUMO.Bitget Seed is a brand new on-chain asset trading platform focused on discovering high-potential projects in the market. In its first phase, supporting the Solana chain, Bitget Seed will select 0-5 quality tokens daily, which users can access and trade through the latest version of Bitget.

ChainCatcher news, Web3 security company ExVul stated on the X platform that Stargate has been down for nearly 6 hours. According to the Stargate team, the outage issue is due to a failure of DVN's Executors, and the LayerZero team is currently working on a fix.According to data on layerscan, there are currently 25.6k transactions stuck.ChainCatcher previously reported that PeckShield posted on the X platform stating that community reports indicate that Stargate is currently suspected to be down, with transactions experiencing delays. Please do not use Stargate for cross-chain fund transfers at this time.

ChainCatcher message, PeckShield posted on platform X stating that community reports indicate Stargate is currently suspected of experiencing downtime, with transaction delays. Please do not use Stargate for cross-chain fund transfers at this time.

ChainCatcher message, ether.fi posted on social media that they are conducting regular maintenance on OFT. The weETH bridging on Stargate will be unavailable for approximately 2 hours, and updates will be provided when the bridging is restored.

ChainCatcher news, according to The Block, BNB Chain has partnered with Celer, deBridge, and Stargate to launch the official cross-chain bridge BNB Chain Bridge, aimed at enhancing cross-chain interoperability, liquidity, and user experience.The bridge will support multiple blockchains and Layer 2 networks, including Ethereum, Arbitrum, and Polygon, with the goal of attracting more DeFi projects to join the BNB Chain ecosystem through real-time cross-chain transfers and competitive rates.