According to Bobby Ong, both ZRO and STG rallied after a proposal for the LayerZero Foundation to acquire Stargate, with the move framed as a token consolidation catalyst (source: Bobby Ong on X). According to Bobby Ong, consolidating into one token would align incentives across the ecosystem, reduce liquidity and community fragmentation, and simplify governance, communications, and branding, which he cited as reasons for the rally (source: Bobby Ong on X).

According to @EmberCN, there is a common misconception that Arbitrum is transferring ETH to Binance. In reality, Binance is conducting cross-chain transfers from Arbitrum to Ethereum. The address 0xE69...Abb is frequently used by Binance for cross-chain operations involving assets like MATIC, ETH, USDC, and STG.