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.