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Sui Foundation announces a partnership with Babylon Labs, Lombard and Cubist Sui Foundation partners with Babylon Labs, Lombard and Cubist to bring Bitcoin liquidity to the Sui ecosystem. Through this partnership, Bitcoin holders will be able to stake $BTC via the Babylon protocol to receive $LBTC, natively minted on Sui. $LBTC will serve as a key asset in Sui's DeFi ecosystem, enabling lending, borrowing, and trading. Sui is a Layer1 blockchain platform built to meet the demands of global adoption, providing a secure, robust, and scalable development environment. Sui utilizes a unique object-centric data model and Move programming language to tackle inefficiencies found in current blockchain architectures. 👉 ibtimes.com/sui-foundation-partners-babylon-labs-lombard-cubist-programmable-bitcoin-3752462
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Tren Finance secures investment in a Seed funding round #TrenFinance receives investment in a Seed funding round from Contango Digital Assets, Maven Capital, Moonrock Capital, OIG Capital, Spyre Capital, Metabros and Ozaru Ventures. Tren Finance is the liquidity (re)enabling protocol using Proof-of-Liquidity and hooks to (re)collateralise LP, money market deposits and (re)staked positions. 👉 blog.tren.finance/seed-round
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MicroStrategy acquires 55,500 $BTC #MicroStrategy acquires an additional 55,500 $BTC for $4.6B at approximately $97,862 per #Bitcoin , achieving 386,700 $BTC holdings. By continuing to grow its Bitcoin holdings, the company maintains its status as a major force in the cryptocurrency market, drawing interest from investors and industry analysts. MicroStrategy is a development company that provides business intelligence, mobile software and cloud-based services. 👉 microstrategy.com/press/microstrategy-acquires-55500-btc-and-achieves-btc-yield-of-35-qtd-and-59-ytd-now-holds-386700-btc_11-25-2024
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Qooverse raises funds in a Pre-Seed funding round #Qooverse secures funds in a Pre-Seed funding round led by Paper Ventures, with participation from Animoca Brands, Merit Circle and angel investors. Qooverse will utilize secured funds for project development, with a focus on promoting the Qoomon card game. Qooverse is a #Web3 game studio that aims to redefine how the world engages with social gaming, leveraging the power of blockchain and in-depth embedment in social media platforms to bring forth a gamified social experience. 👉 chainwire.org/2024/11/25/web3-game-studio-qooverse-secures-investment-in-round-led-by-paper-ventures/
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Binance Labs unveils investment in Kernel Binance Labs invests in Kernel to enhance restaking solutions on the BNB Chain. With Binance Labs' support, Kernel has laid the groundwork for a more secure, scalable and utility-rich restaking and DeFi ecosystem on the BNB Chain. Kernel is the restaking infrastructure on the BNB Chain, aiming to deliver decentralized shared security while driving innovation and growth throughout the ecosystem. 👉 x.com/BinanceLabs/status/1861047279270195381
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