According to CoinDesk, Bitcoin protocol Babylon completed its second staking round on Tuesday, significantly increasing deposits to approximately 24,000 BTC ($1.5 billion) from about 1,000 BTC previously. The staking round was 'duration-based,' lasting for 10 Bitcoin blocks. Babylon, a Bitcoin staking platform designed to provide the original blockchain's security to new protocols and decentralized applications, attracted about $1.5 billion worth of bitcoin after briefly opening to additional deposits. This uptake indicates a robust demand for a growing decentralized finance (DeFi) ecosystem on the 15-year-old Bitcoin blockchain, which was previously limited to alternative networks like Ethereum and Solana. According to Babylon's staking dashboard, around 18,601 BTC had already been staked as of 20:03 UTC (4:03 p.m. ET), with an additional 5,419 BTC pending in the staking queue. The cap was lifted for about 10 Bitcoin blocks over the course of one hour and 23 minutes, with the only restriction being that users could stake up to 500 BTC per transaction. This structure marked a departure from the initial opening in August, where the cap was set at a fixed 1,000 BTC and filled up in an hour and 14 minutes. Babylon aims to allow proof-of-stake chains to acquire capital from the deep reserves stored in BTC. It is one of many initiatives aimed at introducing utility to Bitcoin, which is commonplace on networks such as Ethereum but historically largely absent from the world's first blockchain. The project gained attention in May this year when it completed a $70 million funding round, following an $18 million round the previous December.

Miners see diminishing returns from regular BTC production, but are still holding on to their operations, while trying to diversify revenue streams. Corporate miners already show stock growth after pivoting to AI services. source: https://www.cryptopolitan.com/miners-find-holding-unaffordable-with-peak-bitcoin-btc-production-prices/

The token promotion on the rapper’s account has raised questions about a potential hack. source: https://dailycoin.com/cardi-b-debuts-wap-meme-coin-celeb-tokens-roar-back-to-life/?utm_source=cryptopanic&utm_medium=rss

Walker was previously a content creator at crypto media platforms The Coin Bureau and CoinMarketCap. source: https://www.nftgators.com/jessica-walker-leaves-the-coin-bureau-to-lead-binances-content-initiatives/

FET exhibits bullish patterns but is set for a decline. source: https://ambcrypto.com/fet-expected-to-hit-new-lows-despite-bullish-signs-why/

Ethereum staking continues to grow this year despite the emergence of spot exchange-traded funds (ETFs) and the digital asset’s price relative price weakness. On Oct. 8, blockchain analytics firm IntoTheBlock reported that Ethereum staking rose by 5.1% this year, with 28.89% of the total ETH supply now staked, up from 23.8% in January. Dune Analytics […] source: https://cryptoslate.com/ethereum-staking-defies-market-trends-with-robust-growth-in-2024/

Kamala Harris’s economic plans are going to be better for the national debt than Donald Trump’s. The Committee for a Responsible Federal Budget (CRFB) has analyzed the policies of both candidates, and the numbers aren’t looking good for Trump. His plans would raise the national debt by $7.5 trillion by 2035, while Harris’s platform is […] source: https://www.cryptopolitan.com/economists-find-that-kamala-harris-is-better-for-national-debt-than-donald-trump/

Babylon staking dashboard (Babylon, modified by CoinDesk using PhotoMosh) source: https://www.coindesk.com/markets/2024/10/08/bitcoin-protocol-babylon-pulls-in-15b-of-staking-deposits-as-cap-lifted/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

null source: https://x.com/BTC_Archive/status/1843747214587506699

Memecoins are up today and have strongly outperformed the entire crypto market over the last month. source: https://cointelegraph.com/news/why-are-memecoins-up-today?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

As long as three things go right, the current bull market can continue into its third birthday.

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

One day in early December 2012, a secret auction was taking place in a casino hotel in the American ski resort of Lake Tahoe.

Harris has been very active recently, and the predictions of her winning rate on the gambling platform have been continuously improving. Can this "full of buffs" candidate successfully win the US election? This article will interpret Harris' recent "sexy actions" and her policy proposals.

There are reports that USDT, the world's largest dollar stablecoin, may be delisted from the European Coinbase exchange. Tether plans to develop new technical solutions for the European market to comply with the EU's MiCA regulations.

There are continuous good news for U.S. stocks and A-shares, AI momentum is strong, and the entire cycle of Web3 is still in a bull market cycle.

The latest trailer for HBO's documentary will reveal the true identity of Satoshi Nakamoto this week. Its producer admitted to confronting the real person in person and believed that Satoshi Nakamoto is still alive. According to betting market data, the market currently speculates that the most likely candidate is Nick Szabo, which coincides with Musk's early theory.

As an important part of blockchain infrastructure, wallets have a significant impact on users' Web3 experience.

It is incredible that this may be the first time that people hope that the National Day holiday will pass quickly. The arrival of the National Day holiday has pressed the "pause button" on the recent rising market, and investors are eager to see the A-share market closed.

Elon Musk's comments highlight the intersection of political backing and concerns about the potential fallout from the Epstein client list, emphasising the anxieties surrounding the upcoming election.