ChainCatcher news, according to official sources, the Bitcoin re-staking protocol Chakra has reached a strategic partnership with Babylon, aiming to co-build a more secure and reliable Bitcoin liquidity ecosystem.It is reported that Chakra aims to address the challenges of liquidity and interoperability in the BTC network, efficiently and securely mapping BTC staked through Babylon to any ecosystem based on ZK-STARK proof of stake and ZK light clients, empowering numerous BTC Layer 2 and decentralized applications (DApps).At the same time, the upcoming decentralized Bitcoin settlement network from Chakra not only allows stakers to share multi-layer validation rewards but also further ensures and enhances the security of the PoS consensus.

ChainCatcher news, OKX has released proof of reserves for the 12th consecutive month, with the reserve ratio of 22 publicly listed cryptocurrencies exceeding 100%. Among them, the reserve ratios for BTC, ETH, and USDT are all 103%, with a total value of $12.564 billion. Thus, OKX has become the first exchange in the industry to reach the one-year milestone of POR.OKX is committed to enhancing the transparency of POR to meet traditional financial audit standards, thereby continuously leading the industry in safety and transparency. Over the past year, OKX has consistently published POR monthly, gradually increasing the number of publicly listed cryptocurrencies from 3 to 22, releasing over 220,000 public wallet addresses, maintaining a reserve ratio exceeding 100% for 12 consecutive months, and continuously upgrading the POR system through technologies such as Merkle trees, comprehensive Merkle trees, and zk-STARK, setting multiple milestones. With privacy protection in mind, users can independently verify OKX's solvency at any time, which has been rated by blockchain expert Nic Carter as the highest level representing the quality of POR among mainstream exchanges.

ChainCatcher news, OKX officially released the 9th Proof of Reserves (PoR), with the reserve ratio of 22 publicly listed cryptocurrencies exceeding 100%. Among them, the reserve ratios for BTC, ETH, and USDT are all 103%, with a total value reaching 11.3 billion USD.It is reported that OKX is committed to enhancing the transparency of PoR to meet traditional financial audit standards, thereby continuously leading the industry in safety and transparency. It is one of the few mainstream crypto exchanges that publishes proof of reserves on a monthly basis. Currently, the PoR system has been upgraded using innovative technologies such as zk-STARK, allowing users to independently verify OKX's solvency at any time. (Source link)