Starknet, a Layer 2 scaling solution for Ethereum, is making major strides in its governance. In a recent community vote, Starknet's users approved a dynamic staking mechanism designed to control inflation of the STRK token.

Here is how some of your favorite assets concluded the week.

Since the Ethereum Foundation proposed ZK-Rollups as one of the most efficient ways to scale Ethereum, this technology has become extremely popular and has managed to revolutionize the blockchain ecosystem.

The recent vote within the Starknet community has given the green light to a new staking feature, known as “SNIP 18.” This proposal, developed by core team member StarkWare, received broad support, with 98.94% of voters endorsing it through Snapshot's decentralized Snapshot X platform.

Meanwhile, the SEC claimed that when it said "crypto asset securities" it never meant tokens were actually securities.

Users holding over 20,000 STRK will soon have access to a new staking mechanism for the token following a near-unanimous vote.

TL;DR Starknet to Introduce Staking: Starknet will launch staking for its STRK token after the SNIP 18 proposal was overwhelmingly approved by the community. Community Support: The proposal saw 98.94% approval, highlighting strong community backing for decentralization efforts.

Starting in the fourth quarter of this year, Starknet will enable users holding more than 20,000 STRK tokens to stake on its network.

The approved staking mechanism for STRK token could significantly enhance community participation and drive the network towards full decentralization. The post Starknet community greenlights staking mechanism for STRK token appeared first on Crypto Briefing.

Starknet implements dynamic minting for STRK tokens, balancing staking incentives and token supply with community backing.

Starknet has approved a governance proposal, named “SNIP 18,” to implement staking within its network.

The new mechanism on Starknet means that anyone holding more than 20,000 STRK will be able to stake on the network, from the fourth quarter of this year.

MultiversX (EGLD), NEAR Protocol (NEAR) and Nexo (NEXO) are among altcoins that have slipped into red as the global crypto market declines 2.4% in the past 24 hours. Meanwhile, the crypto market is eyeing broader investor reaction to upcoming US inflation data and other potential catalysts.

The cryptocurrency market seems ready to start the second phase of the 2024 crypto bull run, according to analysts. Thus, Finbold selected two cryptocurrencies with the potential to turn a $100 investment into $1,000, with a 900% return.

Story Highlights The live price of the Ordi token is . Ordi price could soar to a maximum of $80 by the end of 2024. ORDI price with a potential surge could go as high as $610 by the end of 2030. BRC-20 tokens are reshaping Bitcoin's ecosystem, offering unmatched versatility to its blockchain.

Digital coins flourished today as the crypto market cap reclaimed the $2 trillion level after a 3.18% increase in the past day. While such sentiments catalyzed significant gains in the altcoin space, Starknet (STRK) displayed struggle, losing 2.97% in its daily chart to hover at $0.4137.

Previously, participating in DAOs required paying gas fees for voting, which could sometimes exceed ten dollars. These costs created barriers to participation and made on-chain voting less appealing.

Starknet is set to hold its first on-chain vote on Sept. 10. Hopefully, it will set a precedent for protocols to follow going forward.

Governance voting platform Snapshot has announced the launch of Snapshot X, a new onchain voting protocol.

LayerZero's CEO commented on the inclusion of a “big Sybil hunt” to block bots and reward real users. The main reason for Sybil filtering was due to fake accounts trying to claim airdropped tokens.

TL;DR Snapshot Labs has launched Snapshot X, an on-chain voting protocol using Starknet's roll-up technology, eliminating gas fees and enhancing security for DAOs. Snapshot X allows users to prove asset ownership on one blockchain without moving them, reducing costs and improving security through storage proofs.

This innovation revolutionizes governance by eliminating gas fees, lowering costs, and enhancing security. Snapshot X is built on Starknet's roll-up technology.

Snapshot X enables gasless onchain voting for DAOs using Starknet technology, advancing governance with lower costs and enhanced security.

Snapshot X launched today, introducing a protocol that enables gas-free onchain voting for decentralized autonomous organizations.

Snapshot X, the new governance protocol, makes use of storage proofs – a cryptographic feature that StarkWare, the primary developer of Starknet, has helped innovate and embraced.

StarkGuardians, the pioneering NFT collection on StarkNet, has launched its new NFT lending and borrowing protocol.

Here is how some of your favorite assets concluded the week.

Although the market dips even further after weak macro releases, Starknet (STRK) remains bullish with developments that offset the market's fear, uncertainty, and doubt. According to CoinGecko, STRK rose nearly 23% since last week, keeping much of the bearish momentum at bay.

Starknet, an Ethereum layer-2 scaling solution, rallied more than 11% over the past day. According to price data from crypto.news, Starknet (STRK) was trading at $0.438 upon writing.

While Bitcoin continues its downward trend, HNT and STRK emerge as the top gainers in the altcoin market due to strategic network upgrades and community optimism.

The cryptocurrency market continues to crash as traders and investors wonder when the digital assets will reach the bottom. In such an unpredictable market, players can look for technical indicators that assist in spotting potentially oversold cryptocurrencies to buy.

Is Buterin's latest move a strategic play or a charitable donation?

The cryptocurrency community has been intrigued by recent developments on the Ethereum layer-2 protocol Starknet (STRK). Notably, Vitalik Buterin, Ethereum cofounder, has initiated the unlocking of 2.1 million STRK tokens, valued at approximately $858,700, in two rounds.

ORDI has made headlines with a significant 20% surge, leaving investors and analysts eagerly speculating about its future trajectory. This dramatic rally, observed on Monday, September 2, 2024, has reignited discussions about ORDI's potential, especially given its unique characteristics and market position.

As major cryptos rebound from fresh multi-week lows, with Bitcoin (BTC) back near $58,000 after dipping briefly as low as the $55,000s earlier on Wednesday, investors are scouring altcoin markets for top crypto performers today that might be able to outperform amidst ongoing market uncertainty.

Vitalik Buterin, co-founder of Ethereum, has increased his STRK holdings. He currently holds over 2.1 million tokens; his recent transaction added over 1.2 million STRK tokens.

Buterin's crypto portfolio is largely dominated by Ether followed by 2.11 million Starknet (STRK) units, worth about $809K.

Amid the heightened fear of further crypto capitulation in the coming weeks, some altcoins, led by Starknet (STRK) are gradually presenting opportunities for long-term investors to make more discounted purchases. The anticipated reversal in Bitcoin (BTC) dominance will accelerate the ongoing crypto cash oration to the altcoins.

ORDI, a coin with a similar circulating supply as Bitcoin, presents an interesting opportunity for long-term upside.

With the price of BTC reclaiming the $59,000 mark, the crypto market has recorded a jump of 0.78% in its global valuation. Moreover, Bitcoin-based tokens have followed the footsteps of BTC and recorded a similar price action by breaking out of their resistance levels.

ORDI has secured the top gainer spot, posting double-digit gains despite the prevalent bearish market condition. ORDI (ORDI) is up 17.76% in the past 24 hours securing a position as the top gainer among the leading 100 cryptocurrencies.

ORDI's price registered a notable rise at the beginning of the week as the broader crypto market experienced a slight recovery.

Cryptocurrency Prices Today (September 3): The current market state has ignited considerable investor optimism globally. Bitcoin (BTC) price regained a pumping movement to trade above the $59K level, whereas Ethereum (ETH), Solana (SOL), and XRP gained roughly 3%-5% today.

The crypto prices today have again sparked severe investor concerns globally. Bitcoin (BTC) price slipped to the $57K level, whereas Ethereum (ETH), Solana (SOL), and XRP traded dominantly in the red territory.

The layer-1 blockchain MultiversX (EGLD) is dominating the crypto gaming sector in terms of development activity, according to the analytics firm Santiment. Santiment notes that MultiversX, formerly known as Elrond, registered 228.73 notable GitHub events in the past 30 days. The Ethereum (ETH)-based virtual reality platform Decentraland (MANA) was second, clocking 195.03 events.

Amid the increased social activity for DePIN projects, the EGLD price action reveals a positive cycle in motion. As the native token of the multiversX, EGLD has shared a similar phase to all the other metaverse tokens in the crypto market.

Cryptocurrency Prices Today (August 30): The broader market witnessed significant price fluxes today, with major coins like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP trading in the red territory. However, altcoins BEAM and MultiversX (EGLD) traded dominantly in the green zone today.

TL;DR Starknet releases version 0.13.2 with two key innovations: parallel execution and block packing. Parallel execution allows processing multiple transactions simultaneously, reducing confirmation times and latency. Block packing optimizes space usage, reducing Layer 1 costs and accelerating transaction confirmation to 2 seconds.