Bitcoin News: Babylon Bitcoin Staking Protocol Unveils BABY Token Airdrop Plan

The Babylon Foundation, the entity behind the innovative Babylon Bitcoin staking protocol, has made a significant announcement that is set to excite the cryptocurrency community. Details about the BABY token and an upcoming airdrop for early users have been revealed, potentially shaping the future landscape of the digital asset market.

Babylon Bitcoin Staking Protocol Reveals BABY Token Airdrop

The Babylon Foundation, tied to the Bitcoin staking protocol Babylon, has released tokenomic details for its BABY token and announced an airdrop for early users. The Foundation will provide 6% or 600 million BABY tokens to five reward groups and early supporters. Most tokens (585 million) will be given to those who have staked Bitcoin with Babylon. Tokens will be directly transferred to registered addresses upon the Babylon Genesis launch, with no claims needed.

Bitcoin Mining Stocks Slip Amid Tariff Concerns

Bitcoin mining stocks have seen a decline as investors assess the potential impact of tariffs. The crypto industry, particularly Bitcoin mining, is not insulated from tariff announcements. With a significant portion of the Bitcoin mining supply chain based in Asia, US-based operations are expected to face higher prices for equipment. Beijing-based Bitmain Technologies, which holds a 90% market share, moved part of its production line to Indonesia, Malaysia, and Thailand years ago. Imports from these countries to the US now attract levies of 24% to 37%, following a recent announcement. Bitmain had announced plans to open a US production line last year.

Kiyosaki Predicts Silver’s Shock Rise—Will It Beat Gold and Bitcoin?

Robert Kiyosaki believes silver will outperform gold and Bitcoin due to its strong industrial demand. Silver is widely used in solar energy, electric vehicles, electronics, medical tools, and water purification systems. He highlights that silver supply is shrinking while demand across various sectors increases rapidly. Silver’s market reach has expanded within industrial sectors, leading to unprecedented increases in global demand. The market transition will cause silver to surpass both gold and Bitcoin in value, according to Kiyosaki.

Bitcoin Still Expected to Hit $200K in 2025 Despite Trump Tariff Unrest

In recent weeks, U.S. President Donald Trump’s tariffs have weighed on Bitcoin’s price. However, Bitwise’s Head of Research, Ryan Rasmussen, told Decrypt that the crypto asset manager’s $200,000 year-end price target for Bitcoin remains unchanged. Rasmussen stated that once the market settles from the current volatility, it will start pulling back upwards, using the analogy that good news gets stored as dry powder for when uncertainty ultimately subsides. Despite a 5.5% price drop on Thursday due to Trump’s tariffs, some experts remain confident in Bitcoin’s potential to reach new heights this year.

Bitcoin Trades Like a Tech Stock: Experts Weigh In

Bitcoin, the largest cryptocurrency by market value, has been tracking Wall Street and reacting like a volatile tech stock. Influenced by interest rate shifts, tariffs, inflation data, and Federal Reserve remarks, Bitcoin’s correlation with the stock market has become evident. Many investors, including Barstool Sports founder Dave Portnoy, have questioned Bitcoin’s independence from the stock market, noting that it moves in tandem with the US stock market.