Today’s market has recovered a little compared to the past few days, and the panic sentiment is not as severe anymore.
A number of coins at Level 1 are also up, and some funds have started flowing back in.
babylon @BabylonLabs_io TBV The key breakthrough required for it to become a reality is BABE. It reduces the verification cost of ZK proofs by about 1,000x, allowing Bitcoin scripts to directly verify Ethereum state changes, without forking Bitcoin or relying on intermediaries.
The process combines garbled circuits + hashlock + a challenge mechanism, and ultimately converts DeFi contract execution results into a simple string that Bitcoin can process and reveal.
The vault design is also completely different from traditional DeFi vaults.
1. Fully isolated: each TBV is an independent Bitcoin UTXO, not a pooled fund. Your BTC will not be mixed with other people’s.
2. Not re-pledgeable: the protocol itself cannot take your BTC to lend it out again or misappropriate it.
3. Pre-signed spend paths: when the vault is created, the depositor and all parties co-sign every legitimate spending path. After that, no one can forge new paths.
4. The depositor’s own private key remains involved in the controllable release path.
The first on-chain application of TBV is currently native BTC collateralized lending on Aave v4. But its scope is far more than that—positioned as a universal API, TBV can be extended in the future to minting collateralized stablecoins on BTC, DEX and derivatives collateral, insurance and protection markets, fixed-rate lending, and even broader scenarios such as credit cards, revolving credit, and real-world lending.
$SNDK leopoid , not long ago it became especially popular. It exploded after the author wrote a long investment-research piece. He founded a hedge fund that heavily positions in AI, and its scale rapidly swelled from a few hundred million USD to over $20 billion. Even the stock god—who in the past few days saw a market selloff—has also announced that he is willing to bear enormous losses, and is now seeking new financing.
And according to reports, he will no longer hold any positions in public markets, but will still retain investments in the private market—for example, his holdings in unlisted AI companies such as Anthropic.
Even more interesting is that, according to reports from the Wall Street Journal and the FT, the one taking over most of Situational Awareness’s publicly traded stock portfolio is Citadel—Ken Griffin’s firm. The AI genius hands the bloodied chips to the Wall Street market-makers’ hunters.
$SKHYNIX The big shots who were bullish against the odds the other day have flipped from a floating loss of $3.13 million to a floating profit of $2 million!!
His entry price was $981.59; during the period, $SKHYNIX dipped to a low of $897.43, and the current price is 1033 #韩国拟暂停可疑加密账户支付 #韩国股市因三星财报反弹 #US stocks open higher—tech stocks rebound
$GRVT This project got flipped, unlocking in phases, and the coin price isn’t doing great either. After dragging on for so long, any of you who bought with the intention to trade/accumulate probably ended up losing.
Finally, there’s an alpha available to claim again! Threshold is 245—if I don’t keep eating points, they’ll go stale!
No matter how many 30U I have to eat, I will. Tell me—can we be more open-minded this time?
Traditional Perps DEXs usually use ETH or stablecoins as margin. Since BTC lacks native programmability, it often can only participate via wrapped assets like WBTC, which introduces custodial and bridging risks.
1. Users create self-custody Taproot vaults on the Bitcoin chain (each vault is independent, isolated UTXOs—cannot be re-staked or mixed).
2. The vault spending conditions are controlled by pre-signed transactions plus cryptographic proofs (ZK proofs + BitVM3 / BABE mechanisms, combined with garbled circuits).
3. DeFi applications on an external contract chain (e.g., Ethereum) can verify the vault state and execute logic accordingly (open positions, liquidations, withdrawals).
4. On the Bitcoin side, existing scripting primitives are used to verify proofs of external chain state—no soft fork required.
TBV truly turns idle native BTC into a trustworthy programmable margin, finally allowing Perps DEXs to break free from the trust debt of wrapped assets and ushering in a real Bitcoin-native derivatives era.