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Bitcoin Whales Viewed as Potential Sellers Unnerve the Crypto Market

(Bloomberg) -- Bitcoin trails traditional assets in August as the month draws to a close, hampered by ebbing liquidity and lingering worries that governments may sell from their stockpiles of the cryptocurrency.Most Read from BloombergA Guide to Urban Swimming in Europe, Beyond the SeineDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsAs Rural Hospital

Native BTC Staking Is Coming to Bitcoin Layer-2 Networks, Babylon Says

Staking Bitcoin is fast becoming a reality—a functionality once the sole privilege of proof-of-stake crypto networks. Thanks to Babylon, HODLers can already lock up their BTC, which will soon be used to secure and earn yield from multiple staking-based blockchains at a time. While this has enormous implications for the entire crypto economy, its consequences may be most strongly felt in an ecosystem that’s just getting started: Bitcoin layer-2 networks. “Bitcoin L2s [are] definitely a very impor...