ChainCatcher news, the Stacks social platform announced that it has launched sBTC Cap-2, increasing the deposit limit by an additional 2,000 BTC on top of the existing 1,000 BTC limit, bringing the total to 3,000 BTC.ChainCatcher previously reported that Stacks announced on X that sBTC has gone live on the Stacks mainnet. sBTC achieves trustlessness, security, and transparency through 1:1 Bitcoin backing, institutional signature networks, and Bitcoin hash power support, facilitating the Bitcoin DeFi ecosystem. In the initial phase, only deposits are supported, with a liquidity cap of 1,000 BTC, offering annual rewards of up to 5%.

ChainCatcher news, Stacks co-founder Muneeb Ali stated that as the initial excitement fades, more than two-thirds of existing Bitcoin Layer 2 projects will no longer exist within three years.When discussing the Bitcoin L2 ecosystem, Ali mentioned that most projects have begun to realize that "the market is very tough."

ChainCatcher news, Stacks co-founder Muneeb Ali posted on the X platform that he and his family investment entity added a $10 million STX position yesterday.Muneeb Ali stated that the BTC/STX ratio has returned to levels seen five years ago, and he believes that Stacks technology is at a historical high point, with significant opportunities in the Bitcoin L2 market, but the information provided is not financial advice.

ChainCatcher news, Bitcoin Layer2 Stacks founder Muneeb Ali stated on social platform X: Congratulations to Trump and David Sacks on their historic victory, opening a new era for Bitcoin and cryptocurrency in the United States.He also mentioned that Stacks started in New York, being the first project to receive SEC certification, and we have reported for five years like a publicly traded company in the U.S.As a leading Bitcoin L2 network, we are not only excited about the on-chain economy of Bitcoin but also look forward to the possibilities created by American entrepreneurs through Stacks' infrastructure and programmable Bitcoin. America welcomes entrepreneurship once again, and with the support of the new government, the Stacks ecosystem is revitalized.

ChainCatcher news, Bitcoin Layer2 network Stacks founder Muneeb Ali stated on social media, "Congratulations to Trump and David Sacks on their historic victory, opening a new era for Bitcoin and cryptocurrency in America.Stacks started right here in New York. It is the first issuance project certified by the SEC, and we have reported for five years like a publicly traded company in the U.S. As a leading Bitcoin L2 network, we are not only excited about the on-chain economy of Bitcoin but also look forward to the possibilities created by American entrepreneurs through Stacks' infrastructure and programmable Bitcoin. America welcomes entrepreneurship again, and with the support of the new government, the Stacks ecosystem is revitalized."It is reported that STX has also been included in CoinGecko's "Made in USA" token section.

ChainCatcher news, according to Coindesk, Bitcoin Layer 2 project Stacks co-founder and CEO Muneeb Ali stated in an interview that he would be surprised if Bitcoin's price does not reach $150,000 by the end of the year, and he expects Bitcoin's price to potentially touch $200,000.Ali believes that the four-year cycle theory is still valid, and the current cycle will end in the fourth quarter of 2025. Additionally, he pointed out that if Trump is elected president, it will have significant positive implications for the crypto industry, especially with his appointment of crypto and AI head David Sachs, who has a deep understanding of cryptocurrencies.Ali also emphasized that if a Bitcoin reserve plan is implemented nationwide or in some states, it will send a strong signal to the world.

According to ChainCatcher news, the Bitcoin Layer2 network Stacks has completed an upgrade that expands network bandwidth by 500%. Core developers plan to continue with several other optimizations in 2025.ChainCatcher previously reported that the Nakamoto upgrade of the Bitcoin Layer2 network Stacks has been successfully launched. This upgrade will introduce "Fast Blocks" and a "Bitcoin Finality" mechanism to enhance transaction speed. After the Nakamoto upgrade, Stacks block production will be independent of Bitcoin block production, allowing user transactions to be confirmed in a matter of seconds.

ChainCatcher message, Stacks announced on X that sBTC has been launched on the Stacks mainnet. sBTC achieves trustlessness, security, and transparency through 1:1 Bitcoin backing, institutional signature networks, and Bitcoin hash power support, facilitating the Bitcoin DeFi ecosystem. In the initial phase, only deposits are supported, with a liquidity cap of 1000 BTC, and it offers annual rewards of up to 5%.Withdrawal functionality will be enabled in the first quarter of 2025, liquidity caps will be increased, and the permissionless signature network will be advanced.

ChainCatcher news, according to The Block, Bitcoin ecosystem wallet Xverse will integrate Stacks' sBTC, allowing users to directly cross-chain BTC to sBTC within the wallet.ChainCatcher previously reported that the Bitcoin scaling solution Stacks announced on platform X that sBTC will be launched next week, enabling users to deposit BTC into sBTC and earn BTC rewards through the sBTC reward program.

ChainCatcher message, Bitcoin scaling solution Stacks announced on platform X that sBTC will be launched next week, allowing users to deposit BTC into sBTC and earn BTC rewards through the sBTC reward program.

ChainCatcher news, Bitcoin scaling solution Stacks recently stated that the Bitcoin DeFi ecosystem is thriving on Stacks, with sBTC set to launch soon. Recent updates include:35% annual yield, the highest historical yield provided by Hermetica's USDh;Velar DEX launched permissionless pool creation features;Bitflow released a user interface preview for L2 Runes AMM;ALEX Surge event continues to drive the activity of the tokenized community on Stacks.

ChainCatcher news, Bitcoin scaling solution Stacks recently stated that the Bitcoin DeFi ecosystem is thriving on Stacks, with sBTC set to launch soon.Recent updates include:35% annual yield, the highest historical yield provided by Hermetica's USDh;Velar DEX launched permissionless pool creation feature;Bitflow released a user interface preview for L2 Runes AMM;ALEX Surge event continues to drive the activity of the tokenized community on Stacks.

ChainCatcher message, DeSpread co-founder GM Chung forwarded a community message stating that during the curfew in South Korea yesterday, opposition member and cryptocurrency supporter Kim (Kim Nam-guk @lawmaker2024) was found listening to the Bitcoin scaling solution Stacks' DeFi Show X Space.In addition, he was also known for being an official STX holder.

ChainCatcher news, according to The Block, early-stage investment firm Portal Ventures has announced its support for Stacks' 1:1 Bitcoin programmable asset sBTC. The firm plans to launch a series of seminars to explain the role of sBTC in enhancing the capital efficiency of Bitcoin for institutional investors.Portal Ventures recently completed a $75 million second-phase fundraise, with investors including Chris Dixon, Marc Andreessen, Henry Kravis, and well-known institutions like Accolade and Theta. Portal Ventures is one of the earliest supporters of the Stacks ecosystem, and Portal Ventures partner Catrina Wang stated that sBTC will become an important bridge connecting Bitcoin and the DeFi ecosystem.

ChainCatcher news, according to official sources, the Bitcoin scaling solution Stacks announced that it will deploy sBTC in two phases. The first phase mainnet will launch on December 16, 2024, enabling Bitcoin deposit functionality. The second phase will be released 6-8 weeks after the first phase, expected in the first quarter of 2025, at which point Bitcoin withdrawal functionality will be enabled.