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StarkWare Announces Strategic Bitcoin Scaling Solution

According to a recent announcement by StarkWare, the company is planning to launch a strategic scaling solution for Bitcoin. This move marks a significant step in expanding the capabilities of the world’s leading cryptocurrency.

The announcement was made on March 8, 2025, and it has already generated excitement among members of the cryptocurrency community. StarkWare is well-known for its work in developing STARK-based scaling protocols for blockchain networks.

The company’s flagship product, StarkNet, is a Layer-2 scaling solution that enables the execution of smart contracts and dApps in a more efficient and scalable manner. StarkNet is already used by several popular DeFi protocols and dApps, which are seeking to expand the throughput and reduce the costs of transactions on blockchains such as Ethereum.

In addition to its Layer-2 scaling solutions, StarkWare also offers a range of other products and services for scaling blockchain networks. These include a STARK-based validity proving system that can be used to verify the correctness of state transitions on blockchains and a set of developer tools for building and deploying STARK-based applications.

The company’s work in scaling blockchains has been recognized by several industry awards and accolades. StarkWare is a leading contributor to the development of scaling solutions, which are essential for expanding the adoption of blockchain technology.

The company’s efforts are focused on maintaining decentralization and security while increasing throughput and reducing costs, which are crucial for mainstream use cases. As the cryptocurrency industry continues to grow, scaling solutions will become increasingly important for handling the increasing demand for blockchain transactions and dApps.

The company’s initiative to develop a scaling solution for Bitcoin is a testament to its commitment to pushing the boundaries of blockchain technology and expanding the capabilities of cryptocurrencies.

The move is sure to be followed closely by the industry, as it could have far-reaching implications for the future of Bitcoin and the cryptocurrency ecosystem at large.

Axelar Foundation Raises $30M Via Cross-Chain Token Sales

Axelar Foundation has announced the completion of a $30 million token sale. The funds will be used to further develop the Axelar Network and expand its cross-chain capabilities.

The token sale was part of a Series B funding round that was launched earlier this year. In February, the foundation announced that it had secured $185 million in funding from leading venture capitalists.

The latest announcement brings the total amount raised by Axelar to over $215 million.

Axelar is a blockchain interoperability protocol that enables any application, token, or coin to move seamlessly across multiple chains. Its mission is to create a single, unified blockchain ecosystem where value and liquidity can flow freely.

The protocol is powered by the Axelar token, which serves as the primary means of securing and coordinating the network.

To date, Axelar has integrated support for several major blockchains, including Ethereum, Polygon, Avalanche, and Solana. The protocol is also compatible with a wide range of DeFi protocols and dApps.

The company says its interoperability protocol is designed to be modular, scalable, and easily maintainable.

It is built on a foundation of open-source code and community collaboration.

Arbitrum DAO Approves Strategic Purchase Plan for $ARB Token

Arbitrum DAO has announced its approval of a strategic purchase plan for the $ARB token. The plan will see the DAO use a portion of its treasury funds to acquire the Arbitrum token in a manner that is intended to maximize the long-term value of the DAO’s assets and support the continued growth of the Arbitrum ecosystem.

The decision to approve the $ARB purchase plan was made after careful consideration by the Arbitrum DAO members.

In making this decision, the DAO aimed to balance the importance of preserving the treasury with the need to invest in initiatives that will drive the Arbitrum ecosystem forward.

The announcement of the $ARB purchase plan comes at a time of significant growth for the Arbitrum ecosystem.

Since launching its Mainnet in May 2022, Arbitrum has quickly become one of the leading Layer-2 scaling solutions for Ethereum, attracting a diverse range of dApps, DeFi protocols, and community members.

The ecosystem has seen the deployment of several high-profile dApps and DeFi protocols, which are focused on providing innovative solutions in areas such as decentralized finance, yield optimization, and Web3 gaming.

The Arbitrum DAO plays a central role in governing and maintaining the Arbitrum blockchain. It is composed of community members who vote on proposals that impact the future of the ecosystem.

The DAO’s decisions are guided by the long-term vision for Arbitrum as a thriving and inclusive Web3 ecosystem.

The Arbitrum token is used for gas fees, securing the chain, and community governance. It is also serves as a means for dApps and protocols to integrate with the ecosystem and participate in the shared economy.

The Arbitrum DAO’s