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Bitcoin Staking Debuts on Ethereum Layer-2 Starknet With STRK Incentives

Starknet has integrated Bitcoin staking into its ecosystem, allowing users to validate transactions by delegating Bitcoin in exchange for rewards, paid in its native STRK token. This development presents a strategic shift for Bitcoin, which StarkWare co-founder Eli Ben-Sasson argues has been underutilized due to its hodling tendencies. The Starknet Foundation is incentivizing this new Bitcoin functionality by distributing 100 million STRK tokens. Ben-Sasson emphasized that Starknet could serve as both a financialization and execution layer for Bitcoin. While some Bitcoin maximalists may resist the use of alternative tokens like STRK, Starkware insists that staking on Starknet does not require relinquishing asset control. This move aligns Bitcoin's burgeoning role in decentralized finance (DeFi), showcasing Starknet's ambitions to expand Bitcoin's usability beyond traditional centralized exchanges. As of the recent assessment, STRK's market cap was reported at $498 million, reflecting a significant decline from its peak price of $4.41 just a year earlier.

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Ex-LA Sheriff’s Deputy Pleads Guilty to Extortion Scheme With ‘Crypto Godfather’

Michael David Coberg, a former Los Angeles County Sheriff's deputy, has pleaded guilty to conspiracy to commit extortion and conspiracy against rights for collaborating with Adam Iza, labeled a 'Crypto Godfather.' The two orchestrated a scheme involving armed extortion, staging drug arrests with planted narcotics, and

XRP Rallies Into SEC Catalyst Window, Resistance Cements at $2.93

XRP recently experienced a 2.1% rise, buoyed by institutional accumulation exceeding 120 million tokens. With seven pending XRP spot ETF applications before the SEC, including Grayscale’s submission due October 18, the market awaits potential regulatory catalysts between October 18 and November 14. This timeframe is expected to significantly

DOGE Holds Above 200DMA, Breakout Needs Daily Close Through $0.24

DOGE has experienced resistance at $0.24 despite attempts to break above this threshold, settling around $0.23 by session's end. A significant outflow of approximately 40 million DOGE from large holders contributed to the resistance, despite high trading volumes. The cryptocurrency remains above its 200-day moving average,

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