Bitcoin re-staking platform SatLayer announced the completion of $8 million in Pre-Seed financing, led by Hack VC and Castle Island Ventures, with participation from Franklin Templeton, OKX Ventures, Mirana Ventures, etc. SatLayer is a platform based on the Bitcoin staking protocol Babylon, which allows users to re-lock staked Bitcoin to support the security of decentralized applications and infrastructure. Co-founder Luke Xie said that the project initially planned to raise $4 million, but due to strong market demand, it eventually raised twice as much. (TheBlock)