Babylon Raises $70M to Integrate Bitcoin as Staking Asset in PoS Systems, Unlocking over $1 Trillion in BTC Ecosystem
Key Takeaways The Bitcoin staking protocol, Babylon, has raised $70 million in its latest funding round, led by Paradigm and supported by Bullish Capital, Polychain Capital, and other investors. Babylon aims to expand the utility of Bitcoin by enabling its use as a staking asset in Proof-of-Stake (PoS) systems. The Bitcoin staking protocol, Babylon, has…