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Bitcoin Protocol Babylon Pulls in $1.5B of Staking Deposits as Cap Lifted

Bitcoin protocol Babylon completed its second staking round on Tuesday, increasing deposits to about 24,000 BTC ($1.5 billion) from about 1,000 BTC previously. The staking round was "duration-based," meaning it lasted for 10 Bitcoin blocks. The uptake could show robust demand for a growing decentralized finance (DeFi) ecosystem atop the 15-year-old Bitcoin blockchain, previously confined to alternative networks like Ethereum and Solana.

Wall Street Races to Launch Latest Cohort of Crypto-Spot ETFs

(Bloomberg) -- The race to launch an exchange-traded fund tracking XRP, the seventh-largest digital token, has begun.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilShould Evictions Be Banned After Hurricanes and Climate Disasters?Canary Capital Group, a new digital

Mexico Needs Private Investment in Energy, Economy Minister Says

(Bloomberg) -- Mexico’s new president plans to lay out clear rules for private investment in the power sector, a top cabinet official said, acknowledging that the state has insufficient resources to expand renewable energy use and address electricity supply and distribution problems.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for Ho