Binance Labs announces investment in BounceBit

ChainCatcher news, according to the official announcement, Binance Labs has announced an investment in the Bitcoin staking chain BounceBit. The aim is to expand Bitcoin's capabilities beyond traditional value storage.

According to the RootData page, BounceBit is a native BTC staking chain that ensures security through staking Bitcoin and BounceBit tokens. BounceBit is supported by CEFFU (formerly Binance Custody) and Mainnet Digital for secure Bitcoin storage. The system's PoS mechanism introduces a dual-token staking system, leveraging the native BTC security and full EVM compatibility.