Crypto exchange BingX's BingX Labs has entered a strategic partnership with Babylon, a pioneering project in the Bitcoin DeFi and Layer 2 ecosystem. BingX Labs has invested $5.3 million in Babylon through its $100 million Ecosystem Fund, aiming to enhance the integration of Bitcoin's security with PoS networks. Babylon previously raised $96 million in funding from notable investors, including Binance Labs and Paradigm.

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