Day: 21 August 2025

Wormhole Prepares Rival Bid for Stargate, Challenging LayerZero’s $110M Offer

Cross-chain bridge Wormhole is preparing to challenge LayerZero’s $110 million bid for decentralized finance protocol Stargate, arguing the current offer undervalues the platform and fails to serve the community’s best interests. In a post on Stargate’s governance forum Wednesday, the Wormhole Foundation said it intends to submit a “meaningfully higher” ...

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Fed Governor Waller Urges Banking Sector to Embrace Crypto Payments, Calls DeFi ‘Nothing to Fear’

U.S. Federal Reserve Governor Christopher Waller has reassured policymakers and private banks that cryptocurrency payments and decentralized finance (DeFi) technologies pose no threat to the traditional financial system. Speaking at the Wyoming Blockchain Symposium 2025 on Wednesday, Waller said crypto transactions are “simply new technology” for transferring value and recording ...

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