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Stacks network is currently experiencing a wave of frustration among its users due to delays in the much-anticipated Nakamoto upgrade, which many believe could significantly enhance the platform's functionality. Originally scheduled for activation, the Nakamoto upgrade is designed to improve transaction speed and ensure Bitcoin finality, but as of now, it remains in limbo.
The market needed a few jolts of optimism, and didn't get enough of them.
The Nakamoto upgrade has the potential to propel Stacks to new heights.
The month of October, better known as “Uptober” in the crypto market, is expected to trigger rallies and gains for many altcoins.
A closely followed crypto strategist is warning that one modular blockchain project may be on the verge of collapse. Pseudonymous analyst Altcoin Sherpa tells his 224,000 followers on the social media platform X that layer-1 Celestia (TIA) could plummet by more than 77% from its current value due to prolonged investor selling.
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The buildup of limit orders at $2.2 could attract Stacks prices to it before a minor retracement.
Stacks token surges 30% as the platform prepares for a major network upgrade and stablecoin launch
Stacks (STX) has regained and built up its momentum over two weeks after a bloody September start. Since then, the token has garnered much-deserved attention as developments on the platform mount up.
Plans to launch a Bitcoin-pegged stablecoin, an upcoming network upgrade and BTC's recent recovery could be connected to STX's 30% rally.
Following the US Securities and Exchange Commission's settlement with TrueCoin and TrustToken, Curve Finance is considering cutting exposure to the stablecoin True USD (TUSD). Meanwhile, Bitcoin remains above $63k and a number of altcoins are seeing decent gains. Stacks (STX), Dogecoin (DOGE) and Ondo (ONDO) are among these coins.
Bitcoin-backed stablecoin USDh launches on Stacks L2, offering new DeFi options. Hermetica has expanded its Bitcoin-backed stablecoin, USDh, to the Stacks (STX) Layer 2 network, marking a significant step for Bitcoin-based decentralized finance.
Hermetica, a Bitcoin-backed stablecoin platform, is bringing its synthetic dollar, USDh, onto the Stacks (STX) Bitcoin Layer 2 (L2) network, as disclosed to Finbold on Wednesday, September 25.
With the bull run in the crypto market heating up, altcoins are preparing for a skyrocketing move ahead. Among the top performers, SUI, STX, and APT are teasing a breakout run ready for a 2X rally. So, let's find the next entry opportunity for a potential 2x gain.
A large influx of capital is necessary to push Stacks prices past $2- will it happen in October?
Bitcoin layer-2 network, Stacks, will deploy its synthetic Bitcoin (sBTC) on the Solana blockchain. Stacks founder Muneeb disclosed this at the ongoing Solana Breakpoint Conference in Singapore, noting that this is an opportunity to bring the Bitcoin asset to faster rail.
TL;DR Muneeb, founder of Stacks, announced the arrival of sBTC, a synthetic Bitcoin, on the Solana blockchain. The integration of sBTC will combine the security of Bitcoin with the speed and efficiency of SOL. sBTC will allow faster Bitcoin transactions in decentralized applications, which could attract more users and developers to SOL.
This move could make things a lot more interesting for users and developers alike, as it brings Bitcoin's power to Solana's speedy blockchain. sBTC is a type of Bitcoin that's been adapted to work on other blockchains.
Aptos (APT) price, a layer 1 cryptocurrency, is currently exhibiting an upward trajectory in its market trends. The APT price movement has entered a bullish phase, showing a noticeable recovery recently.
TL;DR Stacks Launches sBTC on Aptos Network: The integration of sBTC, a 1:1 Bitcoin-backed asset, will enable its use on the Aptos blockchain. Benefits for developers: Aptos will allow developers to use the Move programming language to build decentralized applications with Bitcoin.
Aptos Foundation has announced that Stacks, the Bitcoin Layer 2 protocol, will integrate Bitcoin into the Aptos ecosystem.
The integration of sBTC into Aptos could significantly expand Bitcoin's utility, enabling its use in diverse decentralized applications and smart contracts. The post Stacks to bring Bitcoin to Aptos network through sBTC integration appeared first on Crypto Briefing.
The integration "instantly makes Bitcoin highly capable beyond a store of value," said an Aptos exec.
The integration "instantly makes Bitcoin highly capable beyond a store of value," said an Aptos exec.
