[Starknet Launches Bitcoin Staking and Yield Products in BTCFi Expansion] According to The Block, Bitcoin staking has gone live on Starknet. The project claims this is the first time trustless Bitcoin staking has been implemented on a Layer 2 network. Bitcoin holders can retain custody of their assets while earning rewards and contributing to network consensus. Starknet refers to this as a 'Bitcoin strategy for seasoned Bitcoin holders.' This initiative does not alter Bitcoin's base layer but relies on wrapped versions of BTC, such as WBTC, tBTC, Liquid Bitcoin, and SolvBTC, which can be delegated for staking on Starknet. Meanwhile, the Starknet Foundation will allocate 100 million STRK tokens ($12 million) to promote the development of the BTCFi ecosystem, including incentivizing Bitcoin-collateralized lending, aiming to make Starknet the most cost-effective platform for Bitcoin collateralization and yield strategies. Additionally, Re7 Capital announced on Tuesday that it plans to launch a new Bitcoin-denominated yield product on Starknet in October. By combining off-chain derivatives, DeFi strategies, and Bitcoin staking, this product will generate returns directly in Bitcoin. The fund will be tokenized to enable broader investor participation.