Babylon Labs says it has built a system using BitVM3 that allows native Bitcoin to be used as trustless collateral for borrowing on Ethereum, but its trustless design raises questions. A co-founder of Bitcoin infrastructure company, Babylon Labs, claims to have built a system that allows for native Bitcoin to be used as trustless collateral to borrow on the Ethereum blockchain. In a Wednesday X post, Babylon Labs co-founder and Stanford University professor David Tse claimed Babylon built a proof-of-concept allowing for native Bitcoin (BTC) “to be used trustlessly as collateral to borrow on Ethereum for the first time.” The comments follow Babylon’s release of a white paper in early August, outlining what it calls a Bitcoin trustless vault system. The system leverages the Bitcoin smart contract verification system BitVM3 to lock BTC in per-user vaults, where withdrawals (redemption or liquidation) are gated by cryptographic proofs of external smart contract state verified on Bitcoin. Read more
Targeting the first tokenized IPO launch in the first quarter of 2026, France’s Lightning Stock Exchange aims to become a fully tokenized equity exchange in Europe. Lightning Stock Exchange (Lise), a new stock exchange headquartered in France, is entering the market with bold ambitions to launch a fully tokenized equity exchange dedicated to small and medium-sized enterprises (SMEs). France’s Prudential Supervision and Resolution Authority (ACPR) has issued Lise a DLT trading and settlement (TSS) license, paving the way for its tokenized equity exchange in Europe, the company announced on Thursday. “This approval authorizes us to operate the first tokenized stock exchange dedicated to equities in Europe,” Lise managing director Mark Kepeneghian said in a statement on LinkedIn. Read more
In north central Nigeria’s Muslim-majority state of Kwara, where religious traditions shape daily life, a group of girls are challenging cultural norms by playing soccer. They’ve embraced the game’s team spirit, competitive thrill, plus the highs and lows of winning and losing, all whilst trying to ignore the disapproval of those who consider it unsuitable for women who choose to dress modestly. As Maryam Muhammed laces up her boots and heads to soccer training at a local school in Ilorin, she feels the sweltering heat — made worse by her hijab and leggings — as well as the scorn from some in the local community. Muhammed, 17, regularly hears taunts as she walks to her training sessions with the Model Queens Football Academy. “They tell me I won’t achieve anything. But I believe I will achieve something big,” she said. Despite the discomfort, it is important to her to cover up when she plays rather than wear shorts and a t-shirt. “Sometimes it feels like I want to open the hijab, but I must not expose my hair...