SatLayer, the Babylon-based bitcoin repledging platform, has announced the completion of an $8 million Pre-Seed round led by Hack VC and Castle Island Ventures, with participation from Franklin Templeton, OKX Ventures, Mirana Ventures, Amber Group, Big Brain Holdings, CMS Holdings, and others. Group, Big Brain Holdings, CMS Holdings, and others.SatLayer co-founder Luke Xie told The Block that the project's initial goal was to raise $4 million, but when the funding round began in April, it was oversubscribed within a month. (The Block)