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- 🌙 Bitcoin Staking is Live!
🌙 Bitcoin Staking is Live!
Babylon has successfully launched the first phase of its self-custodial Bitcoin staking mainnet, marking a significant step forward in decentralized finance.
Mike Gavela
August 22, 2024
In partnership with
Crypto Roundup - August 22
Babylon has successfully launched the first phase of its self-custodial Bitcoin staking mainnet, marking a significant step forward in decentralized finance by allowing users to stake Bitcoin directly without relying on third-party custody. This development aims to address the escalating transaction fees on the Bitcoin network, which have surged due to increased activity and demand, making cost-effective staking solutions more critical than ever. Meanwhile, Magic Eden has introduced the ME token, designed to enable cross-chain trading across multiple blockchain networks. This move is expected to enhance interoperability in the decentralized exchange space, offering users more flexibility and broadening the scope of decentralized finance applications by connecting previously siloed ecosystems.
Top Stories:
Babylon launches first phase of its self-custodial Bitcoin staking mainnet, enabling users to stake Bitcoin without third-party custody.
Bitcoin transaction fees continue to surge, underscoring the increasing demand for efficient staking and transaction solutions.
Magic Eden launches ME token, allowing cross-chain trading and enhancing interoperability across blockchain networks.
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TOP STORIES
FUNDRAISING
EXCLUSIVE: Bitcoin restaking platform SatLayer raises $8 million in pre-seed funding
— The Block (@TheBlock__)
2:00 PM • Aug 22, 2024
Credbull raises $5.2M, with @GnosisDAO as the lead, to democratise private credit access onchain.
Supported by @OVioHQ, @hodl_ventures, @xbtogroup, @Coachkcrypto, @crypto_birb, @AltCryptoGems, @DotNever, @TheNorwegianX, @LucidBlueVC,@purechaincap, @csp_dao and others… x.com/i/web/status/1…
— Credbull (@credbullDeFi)
3:54 AM • Aug 22, 2024
OTHER HEADLINES
CRYPTO TWITTER (X)
BlackRock’s $500M+ fund on Ethereum $ETH is boomin
$ETH will become an institutional asset darling in the coming years
Most folks won’t be able to own an entire $ETH eventually
Very easy to see what’s coming from here
— EthereanVibin | 0xVibin.eth 🦇🔊 (@EthereanVibin)
12:35 AM • Aug 22, 2024
Justin Sun News: Chart of:
- Justin Suns Stable Coin $USDD backed by $TRX
- Chinese M2 Money Supply
- $TRX Price
- Bitcoin Price— MartyParty (@martypartymusic)
9:57 PM • Aug 22, 2024
Total Bitcoin transaction fees spiked today from 0.5 to 60 Bitcoin on an hourly basis.
This was related to transactions looking to stake Bitcoin on @babylonlabs_io staking protocol.
Total staking was capped at 1K Bitcoin so people rushed to stake and paid high fees. Each… x.com/i/web/status/1…
— Julio Moreno (@jjcmoreno)
3:49 PM • Aug 22, 2024
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