A major breakthrough in Bitcoin staking is gaining momentum after Binance announced its latest addition: Babylon (BABY), a project aiming to unlock new utility for BTC without relying on traditional bridges.
The platform has added Babylon to its expanding lineup of supported crypto assets. The announcement coincided with the launch of Babylon Genesis, a key milestone for the project, and sparked a brief rally in BABY’s price.
Within hours on the 11th of April, the token surged from $0.084 to nearly $0.10 before pulling back to $0.087 — still marking a notable 24-hour gain.
Babylon’s core proposition lies in bringing staking functionality to Bitcoin holders — something that’s long been considered a challenge due to the network’s architectural limitations.
The protocol introduces a system that offers staking-based security to proof-of-stake (PoS) chains without the need to move BTC across bridges, sidestepping common bottlenecks around speed, programmability, and capital security.
The team behind Babylon argues that past attempts to scale Bitcoin or integrate it into PoS ecosystems have faced hurdles due to fragile or capacity-limited bridging mechanisms. Instead, their solution leverages BTC’s existing structure to secure PoS chains directly, offering a new path forward without compromising on decentralization or liquidity.
As Bitcoin continues to dominate in market value but lag behind in advanced functionality, Babylon’s approach is being watched closely as a potential inflection point in broadening BTC’s role in the wider crypto landscape.
OKX has teamed up with Ethereum development firm Consensys to integrate its decentralized exchange (DEX) aggregator into MetaMask, giving users access to faster, more efficient token swaps across over 500 DEXs on 25 blockchains.
Large institutions accelerated their retreat from equities last month, unloading roughly $50.8 billion in U.S. shares, according to S&P Global.
Bitdeer Technologies, a Bitcoin mining firm based in Singapore, is gearing up to raise $330 million through a fresh offering of senior convertible notes maturing in 2031.
Institutional traders on Deribit and Crypto.com can now post BlackRock’s tokenized U.S. Treasury fund, BUIDL, as margin—an industry first for a low-volatility, yield-bearing digital security.