Bitcoin staking protocol Babylon has completed a $70 million financing round, led by Paradigm, with participation from Polychain Capital and the venture capital arm of cryptocurrency trading platform Bullish

Last night, this news ignited the Bitcoin ecosystem. Mainstream institutions are embracing the Bitcoin ecosystem, which is enough to illustrate the future of the Bitcoin ecosystem. Since Babylon announced the financing news last night, $ordi $sats and other inscription head assets have taken the lead in rising, followed by other related ecosystems. Although it has not yet reached a comprehensive rise, it has already shown that the market recognizes this type of capital entering the Bitcoin ecosystem. As we are about to enter June, I believe that there will be more high-quality projects in the Bitcoin ecosystem, so stay tuned.