PANews reported on August 23 that according to official news, Cobo, a digital asset custody and wallet technology provider, announced that in the first phase of the Babylon Bitcoin staking mainnet, 1,000 BTC were pledged. A total of more than 700 BTC, including clients such as RockX, Lorenzo, Solv Protocol, PumpBTC, etc., were pledged through Cobo's BTC Staking API based on Babylon.