$STX price pump9.81%, Stacks Nakamoto upgrade has been launched gate News: BTC L2 Stacks announced on social media that Stacks Nakamoto upgrade has been launched, and sBTC will be launched in the next 4-6 weeks. Stacks will also increase network throughput and latency, continuously improving performance in the coming weeks. gate data shows that the price of $STX has pumped 9.81% in the past 24 hours, with the current price at $1.89, Market Cap at $2.81B, and 24-hour volume at $4.70M.

Golden Finance reported that Stacks announced the launch of Stacks Nakamoto on the X platform. 1. Once Stacks transactions are confirmed, they are at least as irreversible as BTC transactions. 2. Significantly reduced transaction time. 3. The technical foundation of sBTC will be launched later this year.

On June 4, Stacks said that the main testnet has been restored as core developers work hard to advance the "Nakamoto" upgrade, making good progress in completing the new code required for activation.

$STX price pump10.08%, or influenced by Portal Ventures' announcement of supporting sBTC gate News: According to The Block, early-stage investment firm Portal Ventures announced support for Stacks' 1:1 BTCProgrammability asset sBTC. The firm plans to launch a series of seminars to educate institutional investors on the role of sBTC in improving BTC capital efficiency. As a result, $STX briefly touched $2.725. According to gate data, the price of $STX has pumped 10.08% in the past 24 hours, with the current price at $2.62, a market capitalization of $3.83B, and a trading volume of $17.05M in the past 24 hours.

Odaily Planet Daily News Stacks co-founder Muneeb Ali announced on the X platform the launch of the $1 million Orange Hats program. The new program aims to improve Stacks security, promote white hat hacker 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.

Gold Finance reported that the Bitcoin ecosystem project ALEX tweeted that ALEX holders have received non-transferable special voting tokens "special-vote". Users can use them to vote on proposals such as the Treasury Grant Program (which requires 50% participation of voting tokens) and the reopening of Pools (referring to Pools unaffected by previous security incidents). ALEX refers to the number of "special-vote" equal to the number of ALEX tokens held by users at Block 150610 in the Stacks area, including LP positions, atALEX, stake positions, and tokens held on the B20 order book.

$STX price rose more than 5% in a short time, Stacks will launch the DecentralizationBTC token sBTC in December Gate News: According to The Block, Muneeb Ali, co-founder of Stacks, recently stated that the Stacks network is expected to launch the sBTC Token in December and further upgrade it in January. As an innovative solution, sBTC solves the 'write-in problem' of BTC through the dual-link design of Decentralization, making BTC usable for Decentralization applications. It is expected to become an alternative to wBTC and cbBTC, more in line with the Decentralization spirit of BTC. According to Gate.io data, the price of $STX has pumped 11.54% in the past 24 hours, with the current price at $1.92, a market capitalization of $2.76 billion, and a 24-hour volume of $20.78 million.

Stacks Nakamoto upgrade makes Bitcoin more versatile, secure, and efficient. By eliminating the need for forks and using new technologies such as weighted Schnorr threshold signatures, this upgrade reduces MEV and improves transaction speed. This provides developers with a flexible platform to realize their ideas and use Bitcoin for more advanced activities. With the release of this update, we will see faster transaction confirmations and more use cases.

According to the data from Stacking DAO, the current Stacking DAO TVL has exceeded 107 million US dollars, with over 52 million $STX staked. At the same time, according to the official blog, the total number of Stacking DAO users has exceeded 34k, and stSTX with a value of over 30 million US dollars has participated in the DeFi protocols in the Stacks ecosystem.

Grayscale announced the creation of Stacks and Near trusts yesterday, according to Jinse Finance. This is the first time Grayscale has created new virtual currency trusts since 2024. Grayscale stated that Stacks will help bring smart contracts and decentralized applications (dApps) into the Bitcoin ecosystem, which will increase institutional interest. Stacks is a Bitcoin layer2 project founded in 2017. The initial version was completely tied to the Bitcoin UTXO mechanism, so the transaction speed was synchronized with Bitcoin, but the user experience was not satisfactory. The latest Nakamoto upgrade plan will be fully launched in August, bringing transaction speeds of around 10 seconds, greatly enhancing the interactive experience of the Stacks ecosystem.