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Recent News Highlights

Token Buyback Activity
BounceBit $BB recently acquired 8.87 million $BB tokens from the open market, funded by its approximately $16 million in annualized protocol revenue. This indicates active efforts to support token value.

Franklin Templeton Partnership
BounceBit launched Franklin Templeton’s tokenized money market fund on its BB Prime platform, signaling a major push into Real-World Asset (RWA) integration.

Price Breakout and Bullish Momentum
On August 16–17, 2025, BB surged from $0.1177 to $0.1382 within 24 hours. The breakout above the key $0.126 level was supported by strong volume, though RSI indicated potential short-term overbought conditions.

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BounceBit (BB): Quick & Comprehensive Summary

What Is BounceBit?

First Native BTC Restaking Chain
Launched in 2024, BounceBit is the first blockchain to allow Bitcoin holders to restake BTC for yield, rather than merely holding it.

CeDeFi Model (CeFi + DeFi)
BounceBit bridges centralized finance (CeFi) and decentralized finance (DeFi), enabling users to earn through both institutional strategies and on-chain protocols.

Core Architecture & Mechanisms

Dual-Token Proof-of-Stake (PoS)
The network is secured by staking both BTC (tokenized as BBTC) and the native BB token. This model strengthens security while allowing Bitcoin to remain functional and yield-generating.

Liquidity Custody Tokens (LCTs)
Depositors receive tokens like BBTC (1:1 backed by BTC) that are liquid and usable in the BounceBit ecosystem—enabling staking, farming, and collateral—all while the actual BTC remains safely held in regulated custody.

Infrastructure & Innovations

EVM Compatibility
BounceBit is fully compatible with Ethereum’s ecosystem, making it easier for developers to deploy decentralized applications using familiar tools.

CeDeFi-as-a-Service & Institutional-Grade Yield
It offers services like funding-rate arbitrage and basis trading to democratize institutional yield opportunities.

#bouncebit #BounceToken #BB

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🤯 On August 18, Lagrange announced the results of the launch of DeepProve-1, the first zkMl system that demonstrates complete LLM inference.
DeepProve-1 is the first zkML (zero-knowledge machine learning) system developed by Lagrange Labs that allows generating cryptographic proofs of complete inferences from large language models (LLMs) like GPT-2.
DeepProve-1.
Features and achievements:
First complete LLM inference proof, DeepProve-1 managed to generate a zero-knowledge proof for the complete inference of GPT-2, a large language model from OpenAI.
Verifiability in AI, introduces verifiability as a core feature in modern AI systems, extending this to full transformer architectures.
Support for complex structures, handles computation graphs with residual connections, parallel branches, and variable length inputs, typical in LLMs.
Applications and relevance:
security and privacy: Allows verifying the results of an LLM without revealing input data or model details, crucial for applications in defense, healthcare, finance, and infrastructure.
Auditability, facilitates the auditing of decisions made by LLMs without compromising data privacy or the intellectual property of the model.
Developments and future plans
Performance optimization: Lagrange Labs is working on improving cryptographic efficiency and parallelism to make DeepProve-1 more practical in production environments.
Extension to other LLMs, the next goal is to support models like Meta's LLAMA, one of the most adopted open-source LLMs.
DeepProve-1 is a significant advancement in verifiable AI, enabling cryptographic proofs of LLM inferences.
$LA
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$SOL LYS Labs, a technology company, has just secured 4 million dollars to make the Solana blockchain smarter with artificial intelligence (AI).
What does this mean?
- Easy-to-understand data: They will use AI to take the complex data from Solana and turn it into simple and useful information.
- AI agents: They want to create "AI agents" that can perform operations and tasks directly on the Solana network.
- Developer assistant: They already have an AI assistant named Solexys, which helps over 200 people work with the blockchain.
In summary, LYS Labs aims to bring AI to Solana to make the network more powerful and easier to use, both for developers and users.

Silent Heart