This week, 28 blockchain startups raised $169.7 million in funding. The largest round was raised by Babylon, which raised $70 million. 13 projects received seed and pre-seed funding, and 15 projects received other rounds of funding.
JinseFinanceThe biggest highlight of the Babylon project is to enable trustless staking of BTC.
JinseFinanceRecommended readings tonight: 1. Will TON become the first blockchain with 1 billion users? 2. Why does Bitcoin need Layer 2? What is the current status of L2 development? 3. Details of the incident in which Pump.fun was attacked and $1.9 million was stolen;
JinseFinanceThis article attempts to describe what Babylon is in the simplest terms.
JinseFinanceBabylon is committed to creating BTC staking, allowing BTC holders to share over $1.3 trillion in economic security with other networks in exchange for staking returns without leaving the Bitcoin network itself.
JinseFinanceBlabylon may be a big bug that cannot be ignored this year.
JinseFinanceBinance Labs invests in Babylon Protocol, revolutionizing Bitcoin staking. Enhancing PoS networks' security, offering new utility for BTC holders.
Xu LinJinseFinance
BeincryptoBabylon’s founder said several liquidity pools and BABL tokens price were severely impacted, which contributed to the decision.
Coindesk