LayerZero is an omnipresent force in recent crypto news, making significant strides in the market. A notable event being the successful
bid for Stargate despite stiff competition from
Wormhole Foundation and others. This acquisition was a response to
Stargate DAO's approval with
94% support, even when last-minute interests popped up.
LayerZero staked up to $110 million in its bid, a move that prompted a surge in the tokens of both companies. The cross-chain staking was made possible by
wstUSR with OVault. Other developments include partnerships with companies like
Ubisoft, TON, Advent International, and even TRON. In financial news, the LayerZero token (ZRO) is under South Korea regulatory scrutiny with rumors of the price falling below $1.50. It also had a 75% leap following a breakout from a prolonged downtrend, despite a possible overbought signal flashing caution.
LayerZero’s expansion was capped off with the acquisition of a data center supplier
LayerZero Power Systems by
Advent International for reportedly $1B, a move set to power AI data centre growth.
LayerZero News Analytics from Tue, 12 Nov 2024 08:00:00 GMT to Wed, 10 Sep 2025 19:47:17 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor 2
