Gate News Bot Message, March 09 — According to CoinMarketCap data, BABY (Babylon) is currently trading at $0.01, up 29.28% in the past 24 hours. The price reached a high of $0.02 and a low of $0.01. The 24-hour trading volume is $74.2 million. The current market capitalization is approximately $40.3 million, an increase of $9.14 million from yesterday. Babylon is an infrastructure dedicated to building native application scenarios for Bitcoin. Babylon Genesis will be launched as the first Bitcoin Supercharged Network (BSN), providing cryptoeconomic security directly from Bitcoin through the Babylon Bitcoin Staking Protocol. Additionally, the Babylon Foundation is conducting an airdrop registration campaign, with registration open until February 25, Beijing time.

Although Bitcoin prices have fallen more than 50% from the 2025 peak, spot Bitcoin ETFs have attracted approximately $1.5 billion in net inflows over the past five trading days, mainly driven by continued buying from "Baby Boomer" investors and institutions. Currently, Bitcoin ETF holdings have exceeded $107 billion, with institutions holding about 12% of the Bitcoin supply, indicating that investor confidence remains strong.