Babylon Labs Brings New Momentum to Bitcoin ZK Tech Through Bridge to Cosmos Chains
Babylon, developer of the largest BTC staking protocol, is teaming up with Bitcoin developers Fiamma to build a trust-minimized bridge using BitVM2
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Dollar’s Post-Election Path Is Tracking Trump’s First Presidential Term: Van Straten
The DXY index is up over 3% since the election and is following a trajectory similar to his first presidential term.
‘DeFi on Bitcoin’ Gets a Boost as BOB L2 Integrates $6B BTC Staking Protocol Babylon
The integration allows BOB, a “hybrid L2,” to use Bitcoin as its anchor chain where transactions with assets from other chains can be irreversibly recorded.
Fed Cuts Interest Rates by 25 Basis Points, Bitcoin Slips Below $104K on Hawkish Tone
The price of bitcoin, already lower from yesterday, dipped below $104,000 in the minutes following the announcement.
Bitcoin Is Leaving Exchanges in Batches of $10M or More: Van Straten
Institutional appetite for bitcoin has grown since Donald Trump won the U.S. election back in November.
Polymarket Retains Loyal User Base a Month After Election, Data Shows
PLUS: A former NFL wide receiver apologizes for insulting Shayne Coplan at Kalshi’s direction; traders didn’t see Hunter Biden pardon coming.
Financial
Bitcoin ETF Options Introduction Marks Milestone, Despite Position Limits
BlackRock’s IBIT was the first U.S. spot bitcoin ETF to launch with options tied to it. The rest of the pack comes later Wednesday.
Financial
Is Optimism’s ‘Superchain’ Winning the Ethereum Layer-2 Race?
One of the biggest trends of 2023 among the leading layer-2 projects on Ethereum was the emergence of “blockchain in a box,” where teams encouraged developers to clone their code to spin up new layer 2s. Now, one project in particular, Optimism, appears to be pulling away as the clear leader.
Financial
MakerDAO’s Christensen Hopes for ‘Firm Decision’ as MKR Holders Vote on Sky Brand
Early polling indicates MKR holders want to keep the SKY brand, though participation in the poll is still low.
Financial
If U.S. Election Is Disputed, Prediction Markets Could Face ‘Hornet’s Nest’
How will Polymarket and Kalshi resolve their presidential contracts if there’s another Jan. 6 or Bush v. Nazaran situation?