ChainCatcher news, the Bitcoin liquidity staking platform PumpBTC announced the completion of a $10 million seed round financing, led by SevenX Ventures and Mirana Ventures, with participation from UTXO, Mantle Ecosystem Fund, Arcane Group, and others.This financing will help PumpBTC launch its new product BTC-Fi, a CeDeFi BTC liquidity vault that combines CeFi-level security with DeFi's BTC yield optimization, providing automated yield strategies.Since its launch in July 2024, PumpBTC has been deployed on over 10 public chains, attracting a total locked value of 3,400 BTC (approximately $240 million), and has partnered with over 70 projects to build a multi-chain, multi-partner ecosystem, further promoting the development of CeDeFi.

ChainCatcher news, the Bitcoin re-staking protocol Echo Protocol has completed its Pre-seed funding round, led by The Spartan Group, with participation from ABCDE, Maelstrom, Selini Capital, Presto, Sats Ventures, Web3Port, and others.Echo Protocol stated that only WL members can stake BTC in the first public treasury ifykyk, which will open on October 28.It is reported that Echo Protocol is the first Bitcoin liquidity re-staking and yield protocol on MoveVM, aiming to bring BTC liquidity and re-staking solutions into the Move ecosystem.

ChainCatcher news, according to The Block, the Bitcoin re-staking platform SatLayer, built on Babylon, announced the completion of an $8 million Pre-Seed funding round, led by Hack VC and Castle Island Ventures, with participation from Franklin Templeton, OKX Ventures, Mirana Ventures, Amber Group, Big Brain Holdings, CMS Holdings, and others.As the first Bitcoin re-staking platform built on Babylon, SatLayer allows users to re-stake their Bitcoin and Bitcoin liquid staking tokens minted based on Solv Protocol, Lombard, Bedrock, pStake, and PumpBTC, to protect Bitcoin validation services (BVSs). SatLayer co-founder Luke Xie stated that there are no formal plans yet for a native token that may be launched in the future.

ChainCatcher news, OKX Ventures announced an investment in Lombard, a Babylon-based solution that provides cross-chain liquid staking for Bitcoin.Lombard's flagship product is LBTC. Lombard collaborates with Babylon, whose staking protocol allows Bitcoin assets to be staked in a trustless and self-custodial manner, providing economic security for Proof of Stake (PoS) systems. Through Babylon, staked Bitcoin assets are converted into LBTC, enabling integration into the most commonly used DeFi protocols on the Ethereum mainnet and future popular Layer 2 chains. LBTC moves seamlessly across chains and is used as collateral in decentralized finance, aiming to unlock over $1.3 trillion in Bitcoin for lending and trading. This initiative not only brings new capital opportunities for Bitcoin holders but also drives growth across various ecosystems and DeFi protocols, thereby enhancing the utility and liquidity of Bitcoin.

ChainCatcher news, according to The Block, the Bitcoin re-staking protocol Lombard has completed a $16 million seed round financing, led by Polychain Capital.Lombard will use this funding to expand its Bitcoin re-staking ecosystem and develop alongside the Bitcoin staking protocol Babylon. Lombard releases liquidity by issuing a liquidity and yield-generating staked Bitcoin token, LBTC.Additionally, the Web3 asset data platform RootData shows that Lombard was established in April 2024, dedicated to unlocking the potential of Bitcoin as a dynamic financial tool by connecting Bitcoin with DeFi. Lombard enables yield-generating BTC to move across chains without fragmenting liquidity, paving the way to become the largest catalyst for bringing net new capital into DeFi. Its flagship product, LBTC, is a yield-bearing, cross-chain, highly liquid Bitcoin backed 1:1 by BTC.

ChainCatcher news, the Bitcoin re-staking protocol Chakra based on zero-knowledge technology announced the completion of a new round of financing on platform X, with participation from StarkWare, Bixin Ventures, Cogitent Ventures, Trustless Labs, among others. Specific amounts and valuation information have not yet been disclosed.According to the Web3 asset data platform RootData, Chakra is a Bitcoin re-staking protocol based on ZK proofs. It utilizes STARK to prove staking events on Bitcoin and verify proofs on the second-layer chain.

ChainCatcher news, Bitcoin re-staking infrastructure platform BounceBit announced a strategic partnership with digital asset technology platform Antalpha Prime.By introducing Antalpha Prime's professional technical services, it provides users with more professional and secure fund safety services. Based on this, BounceBit enables more BTC holders to manage their assets according to their needs, offering more reliable fund safety protection and a broader range of income sources.