ChainCatcher news, according to Chainwire, the innovative department of the crypto trading platform BingX, BingX Labs, has invested $10 million in the cross-chain liquidity infrastructure StakeStone to accelerate the development of cross-chain liquidity staking and StakingFi applications.As part of this collaboration, the $10 million fund will support the development of the StakeStone ecosystem, and both parties will explore innovative growth directions, including cross-chain asset protocols and StakingFi product integration, while expanding the practical applications of cross-chain staking technology.

ChainCatcher news, the innovation department of the cryptocurrency exchange BingX, BingX Labs, has provided $10 million in funding to the cross-chain liquidity infrastructure StakeStone to accelerate the development of cross-chain liquidity staking and StakingFi applications. As part of this collaboration, the $10 million fund will support the development of the StakeStone ecosystem, and both parties will explore innovative growth directions, including cross-chain asset protocols and StakingFi product integration, while expanding the practical applications of cross-chain staking technology.

ChainCatcher news, the Bitcoin staking protocol Babylon stated on platform X that it is unaware of the $5.3 million investment from BingX Labs.ChainCatcher previously reported, according to Be In Crypto, that 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.

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 news, cryptocurrency exchange BingX announced the establishment of BingX Labs, aimed at identifying high-potential blockchain projects and assisting in the effective deployment of tokens. The lab will offer a range of services including market making, technical support, and strategic consulting, ensuring robust support for project development. BingX Labs is led by Chief Product Officer Vivien Lin, dedicated to providing comprehensive resources and expertise to emerging enterprises, driving product innovation and strategic direction.