News

Bitcoin Protocol Babylon Hours Away From Opening 'Duration-Based' Staking Round

Bitcoin protocol Babylon will complete is second staking round at around 18:30 UTC (2:30 p.m. ET) on Tuesday. The staking round is "duration-based," meaning it will be last for 10 Bitcoin blocks, lasting around one hour and 40 minutes, assuming an average block time of 10 minutes. Babylon, a Bitcoin protocol which completed a staking round capped at 1,000 BTC ($62.4 million) in August, will open for business again on Tuesday with a new "duration-based" round.

FTX token, Sui, Aptos, Popcat, and more: Cryptocurrencies to watch this week

The crypto market is closely tracking the stock market’s movements, reflecting broader economic trends. After a surge on Friday, spurred by a strong jobs report, cryptocurrencies saw a downturn on Monday morning as escalating tensions in the Middle East weighed on investor sentiment. However, Nvidia’s (NVDA) AI summit this week has somewhat provided a boost to certain AI-driven tokens, offering investors a glimpse of upward momentum in a market otherwise under pressure.