Breaking: Binance Adds Support for New Bitcoin Staking Protocol, Babylon! 💰
Cryptocurrency exchange Binance incorporates Bitcoin-based staking protocol Babylon (BABY) into its platform for user participation.
Don't miss the surge of Babylon (BABY) after gaining backing from the world's largest crypto exchange platform!
Binance announced on April 10, 2025, that it would be incorporating the BABY staking project into its extensive suite of digital asset products!
Launched today on Babylon Genesis, BABY gained traction following Binance's support, skyrocketing from a daily low of $0.084 to peak at $0.099 just hours later. Since then, it's settled at $0.087 as of this writing – that's a 4.6% gain in 24 hours! 🚀
But what's the fuss about? According to the official litepaper, Babylon seeks to resolve latency, security, and programmability issues associated with Bitcoin, building on the foundation that layer-2 projects have struggled with in the past.
"Bitcoin, while remaining the top blockchain in terms of market capitalization, has been limited beyond merely being a store of value due to its narrow blockspace, high latency, and limited programmability. Efforts in scaling BTC and expanding its use cases by creating sidechains and layer-2 projects have been hindered by security or capacity concerns.
Our work brings a new and essential use case for the Bitcoin asset: staking to provide security to the PoS (proof-of-stake) realm. Noteworthy, for this use case, bridging Bitcoin assets to other chains is not required, yet full economic security can be provided to PoS chains."
Stay in the crypto loop – follow us on X, Facebook, or Telegram! 📱 Here are this week's industry announcements:
- Common Launches First Privacy Web App with Subsecond Proving Times for Arbitrum and Aleph Zero EVM (April 29, 2025)
- Falcon Finance Launches Transparency Page (April 29, 2025)
- Solstice Labs Announces Upcoming USX Launch, a Solana-Native Stablecoin Built for Transparent Yield (April 28, 2025)
- Ika Reveals Strategic Investment From Sui Foundation, Bringing Total Funding to Over $21 Million (April 28, 2025)
- BYDFi Becomes Official Sponsor of TOKEN2049 Dubai, MoonX On-Chain Trading Tool Makes Its Debut in the Middle East (April 28, 2025)
- BTSE Enterprise Solutions To Kick Off BTSE Broker API Hackathon in Dubai (April 28, 2025)
- Richard Heart Triumphs in Court After SEC Case Dismissed in Full (April 25, 2025)
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[1] https://medium.com/binance-x/announcing-sixteenth-binance-x-launchpool-and-14th-hodler-airdrop-babylon-staking-600m-airdrop-dd91135b724c[2] https://babylonplatform.gitbook.io/babylon/staking/dual-staking[3] https://cryptobriefing.com/binance-tests-new-bitcoin-staking-protocol-with-babylons-baby-token/[4] https://www.coindesk.com/binance-launches-staking-for-babylon-a-new-layer-1-blockchain-protocol-designed-to-scale-and-secure-bitcoin[5] https://www.benzinga.com/news/2025/04/10/binance-supports-new-project-babylon-a-native-staking-protocol-built-to-scale-bitcoin/
- With Binance supporting the BABY staking project, investors are intrigued by the potential surge of Babylon, a new cryptocurrency aiming to resolve latency, security, and programmability issues associated with Bitcoin.
- The latest addition to Binance's digital asset products is the BABY staking project, which seeks to provide a new use case for Bitcoin as a staking asset, ensuring economic security for proof-of-stake chains.
- In the world of altcoins, Solstice Labs announced an upcoming USX launch, a Solana-native stablecoin designed for transparent yield.
- As Bitcoin's market capitalization remains unmatched, stories of other projects like Babylon, building upon its foundation to improve latency, security, and programmability, are adding fresh perspectives to the crypto finance landscape.
