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, the cryptocurrency travel booking platform Travala announced that it will launch booking services using sBTC and STX for users in January 2025.

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 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, according to The Block, the Bitcoin accelerator Bitcoin Frontier Fund announced plans to invest in the sBTC ecosystem team, aiming to promote DeFi solutions for the Bitcoin ecosystem. Currently, the Bitcoin Frontier Fund's portfolio includes Xverse, ALEX, Liquidium, Bitflow, and others.

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, 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 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 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, according to official sources, the OKX Web3 wallet web version and plugin have launched the airdrop center, aimed at providing users with a dedicated airdrop channel that is not only fast and stable but also enhances airdrop efficiency easily. The first phase of the OKX Web3 wallet airdrop center will support BTC Signet SBTC claims, and in the future, it will continue to integrate potential new ecological projects to help users discover new opportunities ahead of time.It is reported that users can access the airdrop center through the OKX Web3 official asset dashboard or the OKX Web3 plugin wallet by selecting the toolkit. It is worth noting that the airdrop center currently only supports mnemonic wallets for claims and does not yet support private key wallets.

ChainCatcher news, Bitcoin mining companies Hut 8 Mining Corp. and US Bitcoin Corp (USBTC) have completed a merger through an all-stock equal merger, establishing a new entity registered in the United States, named Hut 8 Corp (New Hut).After the merger, Hut 8 common shares will be delisted from the Toronto Stock Exchange and NASDAQ on or before December 4. New Hut common shares will replace them, with the stock code "HUT". During the delisting and relisting process, Hut 8 shareholders will receive 0.2 shares of New Hut common stock for each share of Hut 8 common stock they hold. USBTC shareholders will receive 0.6716 shares of New Hut common stock for each share of USBTC equity they hold.

ChainCatcher news, according to official sources, the Bitcoin Layer2 network Stacks has announced the launch of the sBTC (the BTC version supported 1:1 on the Stacks layer) developer version, allowing developers to build and test using the early version of sBTC.The sBTC developer version includes a localized devnet version of the sBTC system, which developers can install and run locally on their computers, providing a simple interface for testing sBTC deposit and withdrawal transactions.In addition, Stacks will also release a JavaScript library available via NPM, which developers can use in their applications.

ChainCatcher news, the Bitcoin Layer2 network Stacks has released an official blog introducing the sBTC developer version. It is reported that the Stacks ecosystem is preparing for the sBTC developer version, allowing selected developers to build and test using an early version of sBTC (a 1:1 supported BTC version on the Stacks layer). According to current estimates, the sBTC working group expects to deliver the developer version during the week of October 18. In light of this release, applications for the incentive testnet program are currently open.It is reported that the sBTC testnet will allow users to begin testing the deposit and withdrawal processes of sBTC, while developers in the Bitcoin L2 ecosystem can start integrating these deposit and withdrawal processes into their applications using simple APIs and wallets like Leather and Xverse.