Babylon, which builds infrastructure to let proof-of-stake systems obtain staking capital from bitcoin, raised $70M led by Paradigm, after raising $18M in 2023 (MK Manoylov/The Block)

MK Manoylov / The Block:
Babylon, which builds infrastructure to let proof-of-stake systems obtain staking capital from bitcoin, raised $70M led by Paradigm, after raising $18M in 2023  —  - The Bitcoin staking protocol Babylon raised $70 million in fresh financing led by Paradigm.