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.

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.