In a surprising move, investment funds based on other altcoins failed to follow in the footsteps of crypto giants, with Solana, XRP, Cardano, and Litecoin witnessing inflows during the week.
Binance Labs announced an undisclosed investment in Lombard, a security-focused liquid staking token (LST) platform for Bitcoin. Lombard hopes to expand its staking protocol to multiple blockchains.
Lombard’s LBTC staking token is new but has already attracted major investments and partnerships.