stg

According to Arkham data, at 17:25, 10.7646 million STG (worth approximately 2.15 million USD) was transferred from Bithumb to an anonymous address (starting with 0xedEb...). Subsequently, that address transferred 11.0591 million STG (worth approximately 2.21 million USD) to a Dead Address.

According to Arkham data, at 09:54, 81,554,500 STG (worth approximately $16,399,700) was transferred from Upbit to an anonymous address (starting with 0x60fa...). Subsequently, that address transferred 81,554,500 STG to a Dead Address.

LayerZero Labs co-founder and CEO Bryan Pellegrino posted on social media, "As promised, all remaining STG held by the DAO has been burned. The redemption contract is still open to everyone. STG has now been renamed to ZRO."

According to market news, the Alameda bankruptcy wallet will exchange approximately 129 million STG (about 26 million USD) for around 11.14 million ZRO (about 25.96 million USD), and then transfer the related ZRO to the market maker WinterMute's address about 12 hours ago.

According to Ember Monitoring, after LayerZero announced plans to launch the L1 public chain Zero, the bankruptcy liquidation address of Alameda Research exchanged 129 million STG (12.9% of the total STG supply) for 11.142 million ZRO (approximately 24.29 million USD) two hours ago.

According to Arkham data, at 06:59, 129 million STG (worth approximately 24.29 million USD) were transferred from Alameda Research to a Dead Address.

According to Binance spot market data, the market has experienced significant fluctuations. SCRT has risen by 7.1% and 7.23% in the last 24 hours, while reaching a bottom-rebound state. GTC has increased by 5.42% in the last 24 hours and has hit a new high for today.On the other hand, STG has shown a "high-to-low" state, with a decrease of 7.02% and 7.48% in the last 24 hours. ZRO, KAIA, and KERNEL have also exhibited a "high-to-low" state, with decreases of 8.13%, 6.71%, and 6.97% in the last 24 hours, respectively.

According to Binance spot data, the market has experienced significant fluctuations. STG has dropped 22.71% in the last 24 hours, while SCR has risen 13.58%, showing a rebound after hitting a low.Additionally, both ACM and USTC have shown a "high-to-low" pattern, with declines of 6.64% and 7.82%, respectively. OG has reached a new low for the week, with a drop of 6.48%. Other tokens such as PEOPLE, ARB, XAI, and C have all shown a rebound after hitting lows, with increases of 7.06%, 5.56%, 6.21%, and 7.96%, respectively.

Coinbase Markets has released a notice stating that Stargate Finance (STG) has completed its migration to LayerZero (ZRO), and Coinbase will not execute the related asset conversion on behalf of customers.The platform indicates that if users wish to convert their STG to ZRO, they need to complete the operation themselves through a compatible self-custody wallet. Currently, no deadline has been set for the conversion.

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 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 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 message, Coinbase Assets announced that it will re-enable trading of Stargate Finance (STG) on the Ethereum network (ERC-20 token), and reminds users not to send this asset through other networks, as funds may be lost.It is reported that in regions where trading is supported, transfers of this asset remain available on Coinbase and Coinbase Exchange. If liquidity conditions are met, trading will begin at 12 PM Eastern Time on July 10.Once the supply of this asset is sufficient, the STG-USD trading pair will be launched in phases. In certain supported jurisdictions, support for STG may be limited.

ChainCatcher news, according to official sources, the Stargate community has voted to approve the "LayerZero Token Allocation Plan Revision" proposal, which aims to increase the allocation ratio for veSTG holders from the original 20% to 25%. The allocation ratios for cross-chain bridge usage and partnership agreements have been reduced to 40% and 15%, respectively.

ChainCatcher news, according to on-chain data analyst @ai_9684xtpa, it is suspected that Stargate Treasury entrusted GSR Markets to sell 5 million STG (approximately 3.66 million USD), which has been fully transferred to Binance 7 hours ago.Moreover, yesterday the address 0x22d...a63df also deposited 10.24 million tokens received from the treasury two months ago into the trading platform, worth 8.89 million USD.

ChainCatcher news, according to RootData, the Stargate Finance token (STG) has increased by 45.87% in the last 24 hours, currently priced at $0.718.Additionally, the Web3 asset data platform RootData shows that Stargate is a fully composable liquidity transfer protocol and is the core of Omnichain DeFi. With Stargate, users and dApps can transfer native assets across chains while accessing the protocol's unified liquidity pool, ensuring instant finality.

According to ChainCatcher news, the Stargate Foundation has initiated a vote on the LayerZero token distribution proposal amendment, which aims to increase the allocation ratio for veSTG holders from the original 20% to 25%. The allocation ratios for cross-chain bridge usage and partnership agreements will be reduced to 40% and 15%, respectively.

ChainCatcher news, according to RootData data, the Stargate Finance token (STG) has increased by 60.26% in the last 24 hours, currently priced at $0.8.Previous news, Upbit's Korean won market will add support for Stargate Finance (STG), expected to go live on May 30 at 16:45 KST.Additionally, the Web3 asset data platform RootData shows that Stargate is a fully composable liquidity transfer protocol and is the core of Omnichain DeFi. With Stargate, users and dApps can transfer native assets across chains while accessing the protocol's unified liquidity pool, ensuring instant finality.

ChainCatcher news, according to Scopescan monitoring, a certain address received 10.2 million STG (approximately 8.12 million USD) from Stargate: Treasury 2 months ago, and today deposited all of it into Binance.Previous news, according to the official announcement, Upbit's KRW market will add support for Stargate Finance (STG), expected to go live on May 30 at 16:45 KST.

ChainCatcher news, according to the official announcement, Upbit's KRW market will add support for Stargate Finance (STG), expected to go live on May 30 at 16:45 KST.