One year since Durov’s arrest: What’s happened and what’s ahead?

PANews reported on August 26 that according to official Stargate news, LayerZero Foundation has officially completed the full acquisition of Stargate (STG), including the protocol, tokens and treasury. After the acquisition, STG tokens will be convertible into LayerZero's native token, ZRO, at a fixed exchange rate (1 STG = 0.08634 ZRO), with the exchange window remaining open. Furthermore, StargateDAO will be dissolved, and STG staking will cease. However, previously locked STG will be automatically unlocked and can be redeemed for ZRO at any time. Furthermore, all veSTG holders who locked up their STG before August 10th will receive 50% of the protocol's Stargate revenue over the next six months, with the remaining 50% allocated for ZRO buybacks. Earlier news came out that Stargate DAO has approved LayerZero’s acquisition of Stargate (STG) .

PANews reported on June 19 that according to Eleanor Terrett, the U.S. House of Representatives is considering advancing the market structure legislation CLARITY Act and the stablecoin bill GENIUS Act

Recently, Clanker founder and CEO Jack Dishman announced that the project developer Proxystudio has decided to resign immediately because Proxystudio was exposed for a "criminal record" - when working on the well-known DeFi project Velodrome Finance, it stole about $350,000 worth of funds from the team's wallet. Although he later returned the funds, the incident still brought far-reaching negative impacts.