BounceBit, the native Bitcoin restaking blockchain, is without doubt one of the cryptocurrency initiatives having fun with a bumper Santa rally as its token jumps over 16%.
On Dec. 24, the value of BounceBit (BB) rose to above $0.43, and this got here after the token’s dip previously week, which noticed bears push it to beneath $0.32.
As Bitcoin’s (BTC) worth recovered to above $97,000 amid a contemporary holiday-driven bounce, BB reached a brand new seven-day excessive.
These features got here a day after the BTC restaking platform introduced a serious partnership settlement with cloud computing big Google Cloud.
Learn extra: BounceBit companions with Ondo Finance for tokenized real-world belongings
Of their announcement, BounceBit and the Google cloud computing supplier mentioned they teaming as much as revolutionize the real-world asset market.
Particularly, the collaboration targets RWA digitization in Southeast Asia. Binance Labs and Blockchain Capital-backed BounceBit will leverage Google Cloud’s structure to bolster its traction within the CeDeFi ecosystem.
Key to this might be Google Cloud’s Vertex AI know-how, which is able to improve the restaking platform’s efficiency and safety.
In a remark, BounceBit co-founder Jack Lu mentioned:
“Verifying transactions on our platform is essential, and incidents should be solved instantly. With Compute Engine, we’ve seen an enchancment in response time by 50% not just for our chain, but additionally for the CeDeFi infrastructure.”
The BB token’s worth has elevated by 33% previously month. Nonetheless, it stays greater than 50% off its all-time excessive above $0.86, reached in June 2024.
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