BlockBeats News, February 27 — LayerZero Labs co-founder and CEO Bryan Pellegrino announced on social media, "As promised, all remaining DAO-held STG has been burned. The swap contract remains open to everyone. STG has now been renamed to ZRO."

Alameda Research, after bankruptcy liquidation, exchanged the held STG for ZRO and transferred the obtained ZRO to the Wintermute address, involving approximately $24.29 million.

Alameda Research bankruptcy liquidation address will exchange the 129 million STG tokens it holds for 11.142 million ZRO tokens, valued at $24.29 million, accounting for 12.9% of the total STG supply. LayerZero plans to launch the L1 public chain Zero and has acquired Stargate for $110 million.

ChainCatcher reports that, according to Arkham data, at 06:59, 129 million STG (worth approximately $24.29 million) were transferred from Alameda Research to Dead Address.

Gate News Bot Message, February 11th, according to CoinMarketCap data, as of press time, STG (Stargate Finance) is currently trading at $0.20, up 26.50% in the past 24 hours, reaching a high of $0.21 and a low of $0.12. The 24-hour trading volume is $78.3 million. The current market cap is approximately $135 million, an increase of $28.3 million from yesterday. ## Important recent news about STG: 1️⃣ **Changes in the Cross-Chain Bridge Protocol Competition Landscape** Stargate Finance, as a leading cross-chain liquidity protocol, has recently faced significant adjustments in its market position. The LayerZero Foundation has proposed to acquire Stargate, reflecting ongoing consolidation in the cross-chain communication infrastructure sector.

Gate News Bot news, on September 24, according to CoinMarketCap data, as of the time of publication, STG (StarGate Finance) is currently priced at 0.18 USD, with a rise of 8.45% in the last 24 hours, reaching a high of 0.18 USD and a low of 0.16 USD. The current market capitalization is approximately 119 million USD, an increase of 9.26 million USD compared to yesterday. Important news about STG recently: 1️⃣ **Cross-chain liquidity protocol continuous optimization** StarGate Finance, as a leading cross-chain liquidity protocol, has recently continued to optimize its technical architecture and user experience. The protocol allows users to transfer assets quickly and at low cost across different blockchain networks, providing important infrastructure support for the DeFi ecosystem. 2️⃣ **Demand for cross-chain solutions is increasing**

Gate News Bot news, on August 25, according to CoinMarketCap, as of the time of publication, BID (CreatorBid) is currently priced at $0.12, with a rise of 38.26% in the last 24 hours, reaching a high of $0.13 and a low of $0.07. The current market capitalization is approximately $31.3 million, an increase of nearly $8.67 million compared to yesterday. Important news about BID recently: 1️⃣ **Wormhole Foundation plans to make a higher offer for StarGate** Wormhole Foundation announced its intention to make a higher bid for StarGate (STG) than LayerZero's current offer of 110 million ZRO tokens. Wormhole Foundation believes that Sta

PANews, August 24 news, LayerZero tweeted that StarGate DAO has approved its acquisition of StarGate (STG). StarGateDAO members voted 95% in favor of this acquisition. According to previous news, the LayerZero Foundation proposed an acquisition of the StarGate cross-chain bridge and its token STG for $110 million.

Gate News bot message, Wormhole Foundation announced its intention to present a higher bid for Stargate (STG) that exceeds LayerZero's current $110 million ZRO token offer. According to Wormhole Foundation's statement, Stargate's current valuation fails to reflect its actual value, citing the proto

Gate News Bot news, August 11, according to CoinMarketCap data, as of the time of writing, STG (StarGate Finance) is currently priced at $0.19, up 15.54% in the last 24 hours, with a high of $0.20 and a low of $0.15. The current market capitalization is approximately $127 million, an increase of $17.1 million compared to yesterday. StarGate Finance is a global liquidity layer that connects over 50 blockchains, enabling assets to move instantly and securely to where they are needed. Since 2022, StarGate has become the global liquidity layer driving cross-chain asset movement across over 80 blockchain ecosystems. The platform supports cross-chain transfers of various cryptocurrencies such as USDC, USDT, ETH, BTC, aiming to make funds flow like information on the internet.