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Starknet launches $25M token incentive for top projects

Starknet, a prominent layer-2 scaling solution on Ethereum, has announced a substantial $25 million fund to reward the best-performing projects on its platform. This initiative aims to foster innovation and support high-impact projects within the Starknet ecosystem.

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Starknet, a prominent layer-2 scaling solution on Ethereum, has announced a substantial $25 million fund to reward the best-performing projects on its platform. This initiative aims to foster innovation and support high-impact projects within the Starknet ecosystem.

The fund, named the Starknet Ecosystem Fund, will be distributed among projects that demonstrate exceptional performance, innovation, and potential for significant impact. The initiative seeks to incentivize developers to create and expand their projects on Starknet, enhancing the overall functionality and reach of the platform.

Starknet’s decision to launch this fund reflects its commitment to nurturing a vibrant and innovative developer community. The fund will target projects across various sectors, including decentralized finance (DeFi), non-fungible tokens (NFTs), gaming, and more, aiming to accelerate the growth and adoption of Starknet-based solutions.

Eli Ben-Sasson, co-founder of StarkWare, the development team behind Starknet, highlighted the importance of this initiative. “We believe in the power of our developer community to drive meaningful innovation. This fund is designed to support and reward the projects that are pushing the boundaries of what’s possible on Starknet,” said Ben-Sasson.

The selection process for the fund will be rigorous, with a panel of experts evaluating projects based on criteria such as technical excellence, user adoption, and overall impact on the ecosystem. Successful projects will receive financial support, as well as strategic guidance and resources from Starknet.

This move by Starknet comes at a time when layer-2 solutions are gaining significant traction in the crypto space, addressing scalability issues on the Ethereum network. By incentivizing high-performing projects, Starknet aims to solidify its position as a leading layer-2 solution and attract a diverse array of innovative applications to its platform.

The announcement has been met with enthusiasm from the developer community, with many expressing interest in participating in the initiative. As the fund begins to roll out, it is expected to spur a wave of new projects and developments, further enhancing the Starknet ecosystem and contributing to the broader adoption of layer-2 technologies.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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