Wormhole to acquire Stargate for at least 120 million USDC
2025/08/23 10:54
PANews reported on August 23rd that the Wormhole Foundation tweeted that it has arranged financing and has made an acquisition offer for Stargate, preparing to acquire Stargate with an initial offer price of at least $120 million in USDC, exceeding LayerZero's $110 million bid. The all-cash acquisition will provide $STG holders with maximum certainty and immediate liquidity, without delays or exchange risk.
Earlier news reported that Wormhole planned to acquire Stargate at a high price and requested a suspension of the vote on "LayerZero's acquisition of STG."
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights
You May Also Like
Trump: Fed Chairman Powell should cut interest rates by 250 basis points
PANews reported on June 19 that according to Jinshi, US President Trump said that Federal Reserve Chairman Powell should cut interest rates by 250 basis points.
Share
PANews2025/06/19 22:09
Share
Data: 174 million USDC transferred from unknown wallet to Coinbase
PANews reported on August 23 that according to Whale Alert monitoring, 174 million USDC was transferred from an unknown wallet to Coinbase.
Share
PANews2025/08/23 14:17
Share
FHE surges nearly 200%, Mind Network advances crypto AI and RWA compliance infrastructure
PANews reported on August 23rd that, according to CoinMarketCap data, the price of the FHE token briefly broke through $0.14, a 197% increase over 24 hours, reaching a high of $0.16. This surge is believed to be related to Mind Network's ongoing promotional efforts around encrypted AI infrastructure, partnering with platforms such as BytePlus, Lark, and COZE, as well as the launch of its newly launched on-chain encrypted messaging protocol to enhance compliance with real-world assets (RWA). Mind Network is pioneering quantum-resistant fully homomorphic encryption (FHE) infrastructure, driving a fully encrypted internet through secure data and AI computing. It is collaborating with industry leaders to advance the development of the zero-trust internet protocol HTTPZ, setting new standards for trusted AI and encrypted data processing for the Web3 and AI ecosystems.
Share
PANews2025/08/23 13:59
Share