PANews reported on December 25 that the Bitcoin staking protocol Babylon disclosed in its official blog that on December 15, during the third launch of the Babylon Bitcoin staking protocol mainnet, an anonymous pledger pledged 10,000 bitcoins through three transactions, worth more than US$1 billion.

“Previously, the largest staking volumes have come from entities that want to stake for their users (like the LST protocol and custodians), but this massive staking by an individual is of particular significance to Babylon and its protocol,” Babylon said. “Whoever that person is, their decision to stake directly with Babylon, rather than through LST, pushes the concept of ‘trustless’ staking from the abstract to the concrete.”