ChainCatcher news, Stacks founder Muneeb stated on the X platform that leading Bitcoin ATM Coinflip will integrate Stacks and sBTC.Coinflip has over 400,000 users, and this integration will continue to open the global market for Stacks.

ChainCatcher news, HashKey Global has launched perpetual contracts for Raydium (RAY) and Stacks (STX), supporting 24/7 trading.Both RAYUSDT and STXUSDT perpetual contracts are U-based contracts, settled in USDT, with a contract value of 1 unit of the underlying asset, a minimum price fluctuation of 0.0001, a maximum leverage of 10 times, and a funding fee cap of +0.75%/-0.75%, settled every 8 hours. The launch of these contracts will provide users with more investment options and enhance trading flexibility.

ChainCatcher news, according to The Block, Muneeb Ali, the founder of the Bitcoin Layer2 network Stacks, stated on social platform X that the highly anticipated Stacks upgrade could be launched as early as next month. Ali said, "Early December is the target date, and sBTC v1 seems to be progressing as planned, with subsequent upgrades rolling out in January and beyond."Stacks describes sBTC as the first trustless two-way Bitcoin anchoring system, which has the potential to expand decentralized finance (DeFi) applications on the Bitcoin base layer. The system aims to address Bitcoin's "write problem," which is the challenge of writing data directly to the Bitcoin main chain, a critical issue for DeFi applications.

ChainCatcher news, Bitcoin Layer2 network Stacks co-founder Muneeb Ali posted on the X platform: "We have established a new Stacks entity 'Bitcoin L2 Labs', which has secured $20 million in funding, focusing on core development. Adriano DiLuzio (formerly a member of Algorand Labs) will serve as Chief Technology Officer and lead the development of Stacks core and SBTC."

ChainCatcher news, according to official sources, 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, and user transactions can be confirmed within seconds.

ChainCatcher message, Stacks announced on platform X that the Nakamoto upgrade will take place around October 29 (Bitcoin block height 867867), introducing Fast Blocks and Bitcoin finality.It is reported that Stacks core developers plan to launch sBTC this year, which will allow Bitcoin to be transferred from L1 to Stacks L2 and back.

ChainCatcher message, the Stacks Foundation stated on X that core developers announced the successful activation of the Nakamoto testnet hard fork planned for this week. Please note that the testnet may reset over the weekend to address some issues identified by core developers. During the testnet upgrade, core developers discovered some bugs related to the communication methods regarding the retention period extension among nodes. The testnet is mostly running normally, and core developers are working to resolve the last few issues, hoping to make slight adjustments to the mainnet hard fork block, with plans to release an update on the hard fork details before October 4th.

ChainCatcher news, according to Decrypt, the Bitcoin Layer 2 network Stacks is integrating with the Move language-based Layer 1 network Aptos, and this collaboration will bring sBTC to the Aptos network.

ChainCatcher news, the oracle project DIA announced a partnership with the Bitcoin Layer 2 solution Stacks, becoming the oracle provider for the Stacks ecosystem, offering reliable real-time price data to Stacks developers, supporting DeFi protocols including lending platforms and stablecoins.

ChainCatcher News: The Bitcoin L2 network Stacks has announced the establishment of an Asian Foundation, which will lead the growth and development of the Stacks ecosystem in Asia. Organizations including DeSpread, Spartan Group, and SNZ will become its strategic partners. The foundation will initially secure $15 million in funding from private holders of Stacks for regional operations, with the possibility of obtaining more grants in the future.

ChainCatcher news, Bitcoin L2 network Stacks announced on social platforms that it has reached a partnership with Anchorage, which will provide custody support for tokens on the Stacks network.

ChainCatcher news, the Bitcoin L2 network Stacks announced the winners of the second batch of decentralized grant programs in the Stacks ecosystem, including the liquidity incentive platform Charisma, DEX Jing Cash, GameFi platform Skullcoin, no-code tool STX CITY, smart contract automation security testing platform Gecko, and the Stacks trading sponsorship service Fast Pool initiated by Friedger.

ChainCatcher message, Stacks stated in a post on X that the current transaction processing time for Stacks is about 10 minutes, which severely limits the development of its DeFi applications.The upcoming Nakamoto upgrade will completely change this situation by significantly shortening block times, promising to revolutionize the Bitcoin DeFi ecosystem. After the upgrade, the interaction time for users with existing protocols will be reduced from minutes to seconds, greatly improving user experience, supporting high transaction volume use cases, and eliminating the limitations of complex DeFi strategies. For example, currently time-consuming operations such as liquidity Stacking token minting, depositing into DeFi applications, and collateralized lending will become much faster.In summary, the Nakamoto upgrade will facilitate rapid interaction between users and DeFi applications, support the implementation of DeFi strategies that require quick block confirmations, and attract more developers to build high-throughput applications on Bitcoin.

ChainCatcher news, the Stacks Foundation stated on X that the code for the Nakamoto upgrade has been completed ahead of schedule (originally planned for completion on July 15), and is currently undergoing internal and external reviews, testing, and bug fixes.It is reported that the Stacks Nakamoto upgrade will enable transaction speeds of around 5-10 seconds, an improvement of about 100 times compared to the current transaction speed.

ChainCatcher news, according to the Stacks Nakamoto core development team, the development work of Nakamoto is 90% complete, and the team is making final preparations for the official launch on July 15.It is reported that the Stacks project started in 2013 and is the first Layer2 project on Bitcoin, but the UTXO transaction model based on Bitcoin leads to lower transaction efficiency, which cannot meet the rapidly growing demand of the Bitcoin Layer2 ecosystem. The Stacks Nakamoto upgrade will achieve transaction speeds of around 5-10 seconds, improving the current transaction speed by approximately 100 times.

ChainCatcher news, Stacks co-founder Muneeb Ali stated that the new $1 million Orange Hats program aims to enhance Stacks security, promote white hat hacking activities, and provide new tools and services for contract testing and deployment at the application layer. This can extend beyond Stacks L2 and benefit Bitcoin L1.

ChainCatcher news, yesterday Grayscale announced the creation of Stacks and Near trusts, marking Grayscale's first creation of new cryptocurrency trusts since 2024. Grayscale stated that Stacks helps bring smart contracts and decentralized applications (dApps) into the Bitcoin ecosystem, which will increase institutional interest.It is reported that Stacks is a Bitcoin layer2 project founded in 2017, with its initial version fully tied to the Bitcoin UTXO mechanism, resulting in transaction speeds completely synchronized with Bitcoin, leading to a poor user experience. The latest Nakamoto upgrade is set to be fully launched in August, which will bring transaction speeds of around 10 seconds, greatly enhancing the interactive experience of the Stacks ecosystem.

ChainCatcher news, according to Decrypt, Grayscale has launched two new investment trusts that offer investment opportunities in Bitcoin Layer 2's Stacks and Near Protocol.Grayscale's Chief Product and Research Officer stated that they are committed to launching new products that allow investors to access the emerging and developing parts of the crypto ecosystem.