ChainCatcher news, the Bitcoin staking platform Solv Protocol has completed a $11 million financing round at a valuation of $200 million, with participation from companies such as Laser Digital, Blockchain Capital, and OKX Ventures.According to RootData, Solv is a decentralized Bitcoin reserve protocol that unlocks the full potential of Bitcoin assets through liquidity consensus infrastructure. By addressing the fragmentation of BTC assets, yield opportunities, and custodial solutions, Solv provides Bitcoin holders with a gateway to BTCFi, continuously establishing pathways and confidence for traditional funds to enter the cryptocurrency world.Previous news reported that in August 2023, Solv Protocol completed a $6 million financing round, with participation from Laser Digital, Bytetrade Labs, and others.

According to ChainCatcher news, the Bitcoin staking protocol Solv Protocol has announced the launch of the Staking Abstraction Layer (SAL). This Bitcoin staking solution aims to enhance the standardization and interoperability of the Bitcoin staking ecosystem by abstracting the technical differences and operational methods of different staking. BNB Chain, Chainlink, and Ceffu are partners of SAL.

ChainCatcher news, according to official sources, Babylon has launched the Bitcoin staking mainnet, and users can participate in the first phase of the Babylon Bitcoin staking mainnet.The launch of the Babylon Bitcoin staking mainnet brings a third native use case for Bitcoin assets, in addition to value storage and simple payments: staking to secure the PoS network and earn rewards.

ChainCatcher news, the full-chain yield and liquidity protocol Solv Protocol announced a strategic partnership with institutional-grade crypto asset custody service provider Ceffu and Bitcoin staking protocol Babylon. In this collaboration, Solv and Ceffu jointly built a solution that integrates the Babylon protocol within the Ceffu MPC custody wallet. Users can use BTCB to achieve trusted staking of Babylon through Solv on the BNBChain.

ChainCatcher message, Babylon posted on X that next week the first phase of the Bitcoin staking mainnet will be launched, allowing Bitcoin holders to start locking BTC for staking.

ChainCatcher news, the multi-chain yield protocol Magpie has initiated a community proposal to launch a new SubDAO for Bitcoin staking called Babypie.It is reported that Babypie will focus on utilizing Bitcoin for Proof of Stake (PoS) staking through the Babylon chain. Magpie will receive 20% of the Babypie tokens BBP, which will be released over two years and locked in the Magpie treasury. The proposal voting will close on June 28 at 10:00 AM, with current supporters at 99.75%.

ChainCatcher news, according to market news, the Bitcoin staking protocol Babylon has completed a $70 million financing round, led by Paradigm.

ChainCatcher news, according to PR Newswire, financial technology company DeFi Technologies Inc. announced that its subsidiary Valour has partnered with the Core Foundation to develop innovative ETPs utilizing the Core Chain blockchain, while launching the first Yield Bearing BTC ETP and Core ETP.It is reported that these ETPs aim to redefine the utility of Bitcoin as an investment opportunity within the digital asset ecosystem, granting native yield to BTC through non-custodial BTC staking.

ChainCatcher news, Bitcoin native staking chain BounceBit has completed a $6 million seed round financing, led by Blockchain Capital and Breyer Capital, with participation from CMS Holdings, Bankless Ventures, NGC Ventures, Matrixport Ventures, DeFiance Capital, OKX Ventures, and HTX Ventures, as well as angel investors including Anchorage Digital co-founder and CEO Nathan McCauley, Brevan Howard portfolio manager Ashwin Aiyappan, and EigenLayer Chief Strategy Officer Calvin Liu.According to the crypto data platform RootData, BounceBit is a native BTC staking chain that ensures security by staking Bitcoin and BounceBit tokens.

ChainCatcher news, according to the official announcement, Binance Labs has announced an investment in Babylon to support the development of Bitcoin staking.It is reported that Babylon has introduced the concept of native Bitcoin staking for the first time, allowing users to stake Bitcoin for PoS blockchains and earn rewards without the need for third-party custody, bridging solutions, or wrapping services. It provides adjudicable economic security guarantees for PoS chains while ensuring efficient staking unbinding, enhancing the liquidity of Bitcoin holders.

ChainCatcher news, according to official sources, the Bitcoin staking chain BounceBit's TVL has surpassed 500 million USD.

ChainCatcher news, the Bitcoin staking protocol Babylon announced on platform X that Bitcoin staking is set to land on Cosmos Hub. Babylon will collaborate with Informal Systems to introduce the Bitcoin staking protocol to Cosmos, transforming Cosmos Hub into a multi-asset security aggregator supported by ATOM, BTC, and ecosystem tokens.In previous news, the Bitcoin staking protocol Babylon completed a $18 million Series A funding round, led by Polychain Capital and Hack VC. Babylon has also integrated Ordinals technology, aiming to provide Bitcoin with additional use cases beyond being a store of value.

ChainCatcher news, according to CoinDesk, the Bitcoin staking project Babylon has completed a $18 million Series A funding round, led by Polychain Capital and Hack VC. Framework Ventures, Polygon Ventures, IOSG Ventures, Castle Island Ventures, OKX Ventures, Finality Capital, Breyer Capital, and Symbolic Capital also participated.Babylon stated that the project's goal is to "build a decentralized world protected by Bitcoin" by converting all 21 million BTC that will ever exist into decentralized staking assets. Currently, there are nearly 19.6 million Bitcoins in circulation.

ChainCatcher News, the Bitcoin security sharing protocol Babylon today showcased its Minimum Viable Product (MVP) for the Bitcoin staking protocol at Cosmoverse in Istanbul, Turkey, aimed at leveraging idle Bitcoin to establish economic security for proof-of-stake chains.According to data from Glassnode, over 66% of Bitcoin circulation (approximately $329 billion) is idle. Earlier this year, the Babylon team released the Bitcoin timestamp protocol, which proof-of-stake (PoS) networks can use to enhance remote security.