Crypto protocols Frax and IQ have partnered to launch KRWQ, South Korea’s first fully regulatory-compliant won stablecoin. The token debuts on Coinbase’s Base blockchain amid the country’s push for regulated digital assets. This marks a significant step in bridging traditional Korean finance with decentralized ecosystems.
about Frax & IQ Launch KRWQ: Korea's First Compliant Won StablecoinStargate Finance
0 posts last weekHedera Integrates Stargate, HBAR Eyes $0.33 Breakout
Hedera has launched on Stargate Finance, enabling seamless cross-chain wETH transfers to over 40 blockchains. Simultaneously, HBAR is forming a critical triangle pattern between $0.23 support and $0.24 resistance. This technical setup suggests an imminent significant price movement for the cryptocurrency.
about Hedera Integrates Stargate, HBAR Eyes $0.33 BreakoutHedera Integrates Stargate for wETH Access, Zero Slippage
Hedera has achieved a significant breakthrough in cross-chain interoperability through its integration with Stargate Finance, enabling direct transfers of wrapped Ethereum (wETH) with zero slippage. This strategic move connects Hedera to over 40 blockchain networks and provides immediate access to Ethereum’s massive liquidity pool, positioning the network for accelerated growth in the decentralized finance ecosystem while leveraging its native advantages of sub-three-second settlements and protection against market manipulation.
about Hedera Integrates Stargate for wETH Access, Zero SlippageWormhole Challenges LayerZero’s $110M Stargate Bid
Wormhole Foundation has countered LayerZero’s proposed $110 million acquisition of Stargate Finance, claiming the offer undervalues the protocol. LayerZero’s bid, announced August 10, offers $0.1675 per STG token through a ZRO token swap. Wormhole cites Stargate’s $92 million treasury ($76M in stablecoins, $16M in ETH) and strong performance—$4 billion July bridge volume (10x YoY growth) and $348M TVL across 80+ chains. The acquisition requires STG holder approval with a 70% threshold and 1.2M veSTG quorum. LayerZero defends its pricing as premium-based and positions the deal as ecosystem consolidation, while Wormhole proposes combining Stargate’s liquidity with its integration ecosystem for higher volumes and revenues.
about Wormhole Challenges LayerZero's $110M Stargate BidLayerZero Settles Legal Dispute with FTX Estate After Two Years of Litigation
LayerZero Labs has reached a settlement with the FTX estate after two years of litigation and millions in legal fees. The agreement resolves claims over funds withdrawn before FTX’s collapse in November 2022 and includes an equity stake in LayerZero, with FTX initially seeking over $21 million. The settlement comes as FTX’s reorganization plan takes effect, allowing users with claims under $50,000 to be repaid within 60 days.
about LayerZero Settles Legal Dispute with FTX Estate After Two Years of Litigation