While the broader cryptocurrency market experienced significant declines in recent weeks, Starknet’s STRK token delivered a stunning 100% monthly gain that defied the prevailing market sentiment. The remarkable rally appears driven by the project’s groundbreaking Bitcoin staking integration and substantial ecosystem incentives from the Starknet Foundation, though technical indicators now suggest the token may be approaching overbought territory as its market capitalization surpasses $1 billion.
about Starknet Defies Crypto Crash with 100% STRK SurgeStarknet Foundation
0 in Finance and 0 in Crypto last weekStarknet Launches Bitcoin Staking with $12M STRK Incentive
Layer 2 network Starknet has officially launched Bitcoin staking alongside a 100 million STRK incentive program to boost the BTCFi ecosystem. The initiative allows Bitcoin holders to earn rewards while maintaining custody of their assets through wrapped BTC tokens, marking a significant expansion of Bitcoin’s utility beyond its traditional Proof-of-Work consensus mechanism. This development represents a major step forward in bringing decentralized finance capabilities to the Bitcoin ecosystem while preserving its core security principles.
about Starknet Launches Bitcoin Staking with $12M STRK IncentiveStarknet Launches Bitcoin Staking with 100M STRK Incentives
Starknet has launched Bitcoin staking capabilities, allowing users to stake BTC while maintaining custody of their assets. The Ethereum layer-2 network is distributing 100 million STRK tokens to incentivize Bitcoin-related activity and position itself as Bitcoin’s financialization layer, marking a strategic pivot toward Bitcoin scaling while maintaining Ethereum compatibility.
about Starknet Launches Bitcoin Staking with 100M STRK IncentivesUri Kolodny: From MedTech to Scaling Ethereum with StarkWare
Uri Kolodny, the co-founder of StarkWare, has been instrumental in addressing Ethereum’s scalability issues using STARK-based zk-rollups and the custom programming language Cairo. With a background in medical technology and an MBA from MIT, Kolodny brought a unique perspective to blockchain, leading StarkWare to an $8 billion valuation by 2022. Though he stepped down as CEO in 2024 due to personal reasons, he continues to influence StarkNet’s development and community engagement. Known for his storytelling and ability to simplify complex concepts, Kolodny remains a key figure in Ethereum’s evolution, fostering developer growth and open-source collaboration.
about Uri Kolodny: From MedTech to Scaling Ethereum with StarkWare