BitcoinWorld Starknet Bitcoin Staking: A Game-Changer After SNIP-31 Vote Passes Exciting news for the cryptocurrency world! Starknet, a leading Ethereum Layer 2 scaling solution, has officially announced a groundbreaking development: the imminent launch of Starknet Bitcoin staking . This highly anticipated move follows the successful passage of proposal SNIP-31, clearing the way for Bitcoin (BTC) holders to participate in securing the Starknet network and potentially earn rewards in the coming weeks. What Does Starknet Bitcoin Staking Mean for Your Portfolio? The recent approval of SNIP-31 is a significant milestone for Starknet and the broader decentralized finance (DeFi) ecosystem. This proposal officially clears the path for Starknet to integrate Bitcoin directly into its staking mechanism. Essentially, it means that very soon, you will have the opportunity to stake your Bitcoin on Starknet, actively contributing to its security, decentralization, and overall robustness. This innovative step brings several compelling advantages: Expanded Staking Options: Traditionally, staking opportunities were limited to native tokens of specific proof-of-stake blockchains. This initiative broadens the horizon, offering a novel avenue for Bitcoin holders to put their assets to work. Enhanced Network Security: By allowing Bitcoin, the most secure cryptocurrency, to contribute to its consensus, Starknet significantly strengthens its network’s resilience against attacks and enhances its decentralization. This creates a more robust and trustworthy environment for all users. Potential for Passive Income: While specific reward structures will be detailed closer to launch, staking typically offers participants a chance to earn yield or rewards on their locked assets. This could transform Bitcoin from a purely speculative asset into a productive one within the Starknet ecosystem. The plan outlines a careful approach, setting a 0.25 staking weight for Bitcoin. Importantly, this is capped at 25% of the total consensus power, a strategic limit designed to ensure network stability and prevent any single asset from dominating the consensus mechanism. This balanced approach prioritizes the long-term health of the Starknet network. Which Bitcoin Versions Will Support Starknet Bitcoin Staking? A key aspect of the SNIP-31 proposal is the specific approval of several wrapped Bitcoin tokens for Starknet Bitcoin staking . This is a critical detail because native Bitcoin (BTC) isn’t directly compatible with the Ethereum Virtual Machine (EVM) environment, which Starknet leverages as a Layer 2 solution. Wrapped Bitcoin tokens bridge this compatibility gap, allowing BTC’s value to be represented and utilized on other blockchains. The approved tokens include established and emerging wrapped Bitcoin solutions: Wrapped Bitcoin (WBTC): The most widely recognized ERC-20 token, fully backed 1:1 by Bitcoin held in audited reserves. Lightning Bitcoin (LBTC): Another wrapped Bitcoin variant designed for specific use cases. tBTC: A decentralized, open-source representation of Bitcoin on Ethereum, known for its robust collateralization mechanism. SolvBTC: An innovative solution that aims to provide a more capital-efficient way to represent Bitcoin on EVM-compatible chains. Moreover, the proposal includes robust governance rules for the future inclusion of new wrapped BTC tokens. This forward-thinking framework ensures adaptability and allows Starknet to remain at the forefront of cross-chain interoperability, accommodating future innovations in wrapped asset technology. How Will Starknet Bitcoin Staking Reshape the DeFi Landscape? The integration of Starknet Bitcoin staking has profound and exciting implications for the entire decentralized finance (DeFi) space. Bitcoin, despite being the largest cryptocurrency by market capitalization, has largely functioned as a passive store of value. This groundbreaking move by Starknet allows its immense liquidity to be actively utilized in a productive, yield-generating manner within a vibrant Layer 2 ecosystem. This development could trigger several transformative effects: Significant Increase in Total Value Locked (TVL): The ability to stake Bitcoin on Starknet is expected to attract substantial capital, potentially leading to a massive boost in Starknet’s TVL. This increased liquidity can, in turn, attract more developers and users to the platform. Innovation in DeFi Products: With staked Bitcoin as a foundational asset, developers are likely to create a new wave of innovative DeFi applications. Imagine lending protocols collateralized by staked BTC, new derivatives markets, or even insurance products tailored for Bitcoin stakers. Enhanced Cross-Chain Synergy: This initiative further blur the lines between different blockchain ecosystems, fostering greater collaboration and interoperability. It showcases how Bitcoin’s value can extend beyond its native chain, contributing to the growth of other networks. As reported by JinSe Finance, the precise details of implementation will unfold in the coming weeks. The cryptocurrency community eagerly anticipates further announcements on how users can participate in this exciting new chapter for Starknet, which promises to redefine Bitcoin’s role in the decentralized economy. In conclusion, Starknet’s strategic decision to enable Starknet Bitcoin staking marks a truly pivotal moment for both the network and the wider crypto industry. By unlocking Bitcoin’s immense staking potential through carefully approved wrapped tokens and a well-defined governance framework, Starknet is poised to attract significant liquidity and foster innovative DeFi solutions. This move not only enhances Starknet’s security and decentralization but also offers Bitcoin holders unprecedented new avenues for earning rewards, truly integrating the king of crypto into the vibrant Layer 2 ecosystem. This is a powerful step towards a more interconnected and productive blockchain future. Frequently Asked Questions (FAQs) What is Starknet Bitcoin staking? Starknet Bitcoin staking is the process of locking up wrapped Bitcoin tokens (like WBTC, tBTC, SolvBTC) on the Starknet network to help secure it and potentially earn rewards, following the successful passage of proposal SNIP-31. Why can’t I stake native Bitcoin directly on Starknet? Starknet, as an Ethereum Layer 2 solution, operates within an EVM-compatible environment. Native Bitcoin (BTC) is not directly compatible with this, so wrapped versions of Bitcoin are used to bridge the asset to the Starknet network. Which wrapped Bitcoin tokens are approved for staking? The SNIP-31 proposal specifically approves Wrapped Bitcoin (WBTC), Lightning Bitcoin (LBTC), tBTC, and SolvBTC for staking on Starknet. The framework also allows for future inclusion of other wrapped BTC tokens. What are the benefits of staking Bitcoin on Starknet? Benefits include expanded staking opportunities for Bitcoin holders, enhanced security and decentralization for the Starknet network, and the potential to earn passive income or rewards on your Bitcoin holdings. When will Starknet Bitcoin staking go live? Starknet announced that the proposal has passed and the launch of Bitcoin staking is expected in the coming weeks, with specific details on participation to be released soon. Did you find this article on Starknet Bitcoin staking informative? Share this groundbreaking news with your friends and fellow crypto enthusiasts on social media! Your shares help us spread valuable insights and keep the community informed about the latest developments in the blockchain world. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin institutional adoption. This post Starknet Bitcoin Staking: A Game-Changer After SNIP-31 Vote Passes first appeared on BitcoinWorld and is written by Editorial Team
As Bitcoin continues to breach all-time highs, the debate over Bitcoin mining’s environmental impact grows louder. A Cambridge Centre for Alternative Finance study found that 52.4% of Bitcoin mining now relies on sustainable energy. Among the firms pushing this transition is Bitzero, backed by Shark Tank investor and entrepreneur Kevin O’Leary aka “Mr Wonderful”. In an interview with Cryptonews, O’Leary and Bitzero CEO Mohammed Bakhashwain outlined why the company is betting on power infrastructure, not price, to shape the future of both Bitcoin mining and AI data centers. Bitzero started as an idea at the end of 2020,” Bakhashwain recalled. “Our core business is power. The more power we can bring online, the more flexibility we have to allocate it – whether for Bitcoin, AI, or HPC.” He pointed to the company’s large-scale sites in Scandinavia, including one in Finland that could scale to roughly 1 gigawatt over the next five to six years and another in Norway with capacity for 300 megawatts. Asked whether BitZero leans more toward Bitcoin mining or AI, Bakhashwain described the company as fundamentally “agnostic.” “Our assets are power envelopes. Right now, AI demand is strongest, and with traditional tech hubs facing shortages, we’re seeing rising interest in remote regions like ours.” For Kevin O’Leary, who invested early in Bitzero, that philosophy was key. “My investment strategy in any asset class is to own the infrastructure as well as the asset itself. If you’re going to own Bitcoin, why not own the picks and shovels that make it happen? That’s power, that’s energy, that’s data centers. Bitzero checks all those boxes.” Sustainable Energy and Mining Efficiency As the industry sees more pressure to go greener, according to Kevin O’Leary, institutions will accelerate that shift. “Some institutions prefer, or demand, that the Bitcoin they buy be mined sustainably,” he explained. “That’s difficult because tagging coins is complex, but the real driver is efficiency. Miners want the most efficient equipment possible for economic reasons, and that forces sustainability forward.” He argued that Bitcoin mining has had a net benefit in driving energy efficiency. “When a coin is created from surplus electricity, as in Bitzero’s Norway site, it’s capturing the value of that energy in perpetuity. It’s pushing compute forward and making it more efficient for everybody.” Bakhashwain added that Bitzero carefully selects sites with surplus power to avoid affecting local communities. “We want to be as people-friendly as possible. That’s why we focus on areas where our consumption doesn’t raise household costs.” O’Leary noted that while nuclear power may eventually play a role, natural gas is driving much of the immediate demand, especially in the U.S. “You can’t just add one gigawatt of demand to a grid and raise everyone’s bills by 25%,” he said. “That’s politically impossible. The solution right now is natural gas.” Bitzero facility in Namsskogan, Norway Keeping Bitcoin Mining Profitable and Green The cyclical halving of Bitcoin reduces rewards and raises questions about mining profitability. Bakhashwain noted, “even now, we have equipment predating the last halving still running profitably,” he said. “It’s about constantly upgrading, optimizing, and managing operations smartly. Efficient sites remain profitable.” O’Leary added that the industry has matured since the 2022 bear market, when many miners faced existential threats. “Back then, they loaded up on leverage with floating rate debt. It wasn’t Bitcoin’s fault – it was poor management. Those “idiot mangers” got wiped out, and better managers took over. That’s healthy. It’s the same thing I’ve seen in real estate my whole career.” Huge Room From Institutional Crypto Adoption For O’Leary, Bitcoin’s long-term future is tied to institutional adoption. “Right now, 95% of institutions haven’t allocated to crypto at all,” he said. “And those that have are allocated through ETFs or treasury stocks. “If crypto becomes just another alternative asset class like gold, why wouldn’t institutions put 5% of their portfolios in it? The demand could be massive.” That demand is what drives his investment in infrastructure of this asset class. “Energy, permits, fiber, real estate, people – putting it all together is incredibly difficult. Bitzero has proven it can,” O’Leary said. Kevin O’Leary is Finding Ways to Get “Royalties” on Bitcoin Holdings When it comes to his own crypto portfolio, O’Leary sticks to discipline. “I cap my crypto exposure at 20% of my portfolio which is a full allocation” he revealed. “We actually had to sell down recently because the run-up pushed us over. That’s our mandate.” Within that allocation, Bitcoin is the cornerstone. “Bitcoin is my granddaddy position – it’s a perpetual holding. Three to five percent is the right allocation for most investors. But Bitcoin doesn’t pay dividends, and that’s what I’m solving for now, finding ways to create yield on my Bitcoin holdings.” He added that new regulations, like the recently passed Genius Act and the upcoming Infrastructure Act, will open the door for new financial products. “There’ll be opportunities to generate “royalties” on Bitcoin.” The post Why Go Green? Kevin O’Leary Explains Paradigm Shift in Bitcoin Mining: Interview appeared first on Cryptonews .
Summary XRP trades near $2.91 after rebounding from the $2.80–$2.85 demand zone. The supertrend at $3.06 caps rallies, with upside targets at $3.15 and $3.30 if broken. Modest $2.05M net inflow signals caution, offsetting optimism around Ripple’s brand filing. By Jainam Mehta XRP ( XRP-USD ) traded around $2.91 on Thursday, stabilizing after a modest bounce from the $2.80–$2.85 demand zone. The recovery followed a week of fading momentum and lower highs that left price capped beneath layered supply at $2.95–$3.10. Traders remain cautious, as sentiment has improved slightly following renewed attention on Ripple’s legacy trademark, but technical conditions continue to favor a level-to-level market. Technical picture remains fragile The four-hour chart shows XRP moving within a narrow corridor, with Break of Structure (BOS) signals confirming a downtrend through mid-August. The 10,3 Supertrend near $3.06 has acted as dynamic resistance, rejecting multiple attempts at recovery. Until the market secures a close above this level, the bias stays sideways to lower. XRP price dynamics (Source: TradingView) Demand remains active at the bottom of the range. Price probed the $2.80–$2.85 band and respected the “strong low” at $2.74, where long lower wicks signaled dip-buying interest. Still, rallies into $2.99–$3.06 have consistently attracted supply. For bulls, acceptance above $3.06 is critical, as it would open a path to $3.14–$3.15 and then $3.28–$3.32. A sustained move over the $3.38 “weak high” would shift the tone decisively bullish.On the downside, a close below $2.80 risks a retest of $2.74, with failure there exposing $2.70–$2.68. These levels remain the battleground as traders weigh whether range behavior evolves into a directional breakout. Flows and sentiment add nuance Spot flow data show a modest $2.05 million net inflow into exchanges at $2.91, reversing the negative netflows that previously supported XRP by reducing circulating supply. Positive inflows suggest some holders may be preparing to sell into rallies, a cautionary signal near resistance. Sustained negative netflows would be the healthier backdrop for bulls seeking a push through $3.06. News around Ripple’s 2013 filing for the XRP service mark has improved community confidence, highlighting brand protection in financial services. While the filing provides institutional clarity, it does not alter XRP’s regulatory status or immediate technical trajectory. For now, price action continues to reflect liquidity dynamics rather than legal milestones. XRP short-term outlook The short-term base case is continued range trading between $2.80 and $3.06, with whipsaws likely near the midrange at $2.94–$2.98. Conservative traders are waiting for a confirmed close above the Supertrend to press longs toward $3.15 and $3.30. Aggressive bears may fade rallies into $2.99–$3.06, though stops above $3.06 are prudent. In earlier XRP coverage, we emphasized the importance of the $2.74–$2.80 demand zone as the line that defines whether the token maintains constructive footing. That framework remains valid. Unless XRP breaks below this shelf, buyers can continue to defend the structure. A decisive close above $3.06, however, is the real signal needed for bulls to regain broader control. This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer . While we adhere to strict Editorial Integrity , this post may contain references to products from our partners. Original Post
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