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Babylon, a startup focused on Bitcoin staking, has raised $70 million in its latest funding round led by Paradigm on May 30, 2024. This funding round, which is the largest recent investment in the Bitcoin ecosystem, also saw participation from Polychain, Galaxy, HashKey, Bullish, HackVC, and Binance Labs. Babylon aims to advance trustless Bitcoin staking and bridge the gap between Bitcoin and Ethereum. The startup's efforts are part of a broader trend of increasing interest from crypto venture capital firms in the Bitcoin world. Babylon had previously raised $18 million in 2023.
#web3 Legal Roundup 🗞️ 🤝 Do Kwon settles w/ @SECgov 🧐 @USTreasury issue #NFT risk assessment 🗳️ @A16Z + @Ripple donate $25M to PAC 📈 @NYSE plans #BTC options 🇸🇬 @DBSbank owns $647M in #ETH 💲@PayPal to drop $PYUSD on @Solana 💳 @MasterCard launch P2P #crypto network
#web3 Legal Roundup 🗞️ 🤝 Do Kwon settles w/ @SECgov 🧐 @USTreasury issue #NFT risk assessment 🗳️ @A16Z + @Ripple donate $25M to super PAC 📈 @NYSE plans #BTC options 🇸🇬 @DBSbank owns $647M in #ETH 💲@PayPal to drop $PYUSD on @Solana 💳 @MasterCard launch P2P #crypto network
#web3 Legal Roundup 🗞️ 🤝 Do Kwon reach settlement w/ @SECgov 🧐 @USTreasury issue #NFT risk assessment 🗳️ @A16Z + @Ripple separately donate $25M to pro-crypto Fairshake PAC 📈 @NYSE plan #BTC options 💲@PayPal to drop PYUSD on @Solana 💳 @MasterCard launch P2P #crypto network
