Babylon Genesis is live! They’re calling it the “world’s first L1 blockchain secured by Bitcoin.” Because Bitcoin wasn’t complicated enough already. According to their X post (still calling it Twitter is too mainstream, right?), this launch is a “foundational infrastructure layer for Bitcoin.” I’m not entirely sure what that means, but it sounds important… or at least expensive.
As stated in a press release (because all great news is shared this way, right?), this new feature offers the keen-eyed user the ability to spot vulnerabilities in a token that could scream “danger, danger!”—such as centralization, active minting permissions, and other delightful issues that make any trader break into a sweat. It’s just what we need in these turbulent times! 😱
A recent report by INPUT, which one might say is as enlightening as a candle in a dark room, sheds light on the burgeoning demand for Shariah-compliant crypto products. However, the market seems to be playing a game of hide-and-seek with the expectations of the world’s two billion Muslims, who are in search of ethical, interest-free financial services. It’s almost as if the crypto gods are having a laugh at our expense! 😂
Picture, if you will, a gathering of earnest technologists, their faces illuminated by the blue light of multiple monitors, announcing with almost religious fervor the birth of their creation – Babylon. Oh, how fitting a name! As if the crypto world needed another tower reaching for the digital heavens. 🏗️
In a fashion befitting a grand imperial court, Coinbase Custody has been anointed the custodian of this whimsical realm. Let the record reflect that the House of Doge Inc., bold corporate offspring of the ever-jesting Dogecoin Foundation, stands ready to wave flags and summon parades in honor of this proposed fund. Perhaps success will come as readily as fleas on a stray, for rumor speaks of prior attempts by Bitwise and Grayscale to crown Dogecoin ETFs. Meanwhile, 21Shares itself has also extended similar courtesies to Polkadot and XRP, as if the empire of meme coins needed more provinces to rule.
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