According to Foresight News, Starknet has announced its plans to become a settlement Layer 2 on Bitcoin and Ethereum. In addition to ongoing research and advocacy for OP_CAT, Starknet revealed that Bitcoin wallet Xverse will integrate with Starknet, allowing Bitcoin assets to be used on the platform for the first time. The Starknet Foundation is launching the BTCFi season, a program designed to introduce various opportunities for Bitcoin to be utilized through Starknet. StarkWare, the company behind STARK proofs and a contributor to Starknet's development, is recognized as a Bitcoin-standard company and now holds a significant portion of its treasury in Bitcoin as part of its strategic Bitcoin reserves (SBR).