ChainCatcher news, according to Be In Crypto, BingX's innovation department BingX Labs announced a strategic partnership with the Bitcoin staking protocol Babylon, investing $5.3 million in the Babylon project through its $100 million ecosystem fund. BingX Labs stated that its support for Babylon is a key step in unlocking higher security, accessibility, and innovation in the blockchain space.According to the Web3 asset data platform RootData, Babylon is a layer1 blockchain founded by Stanford University Professor David Tse. The mission of the project is to bring Bitcoin's unparalleled security to all PoS blockchains without any additional energy costs. The team consists of researchers from Stanford University, experienced developers, and seasoned business advisors.

ChainCatcher message, the Bitcoin staking protocol Babylon disclosed on its official blog that on December 15, during the third launch of the Babylon Bitcoin staking protocol mainnet, an anonymous staker staked 10,000 bitcoins through three transactions, worth over 1 billion dollars.Babylon stated: "Prior to this, the largest staking amounts came from entities looking to stake on behalf of their users (such as LST protocols and custodians), but an individual staking on such a large scale is particularly significant for Babylon and its protocol. Regardless of who this person is, their decision to stake directly with Babylon rather than through LST brings the concept of 'trustless' staking from the abstract to the concrete."

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

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, 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.