Stacks (STX) tumbled by 26% in a week, approaching the critical $1.75 support within a bullish channel.

Bitflow, a decentralized exchange (DEX), and Pontis, a decentralized finance (DeFi) platform, have introduced the first-ever Bitcoin Runes Automated Market Maker (AMM) on Stacks, a Bitcoin (BTC) Layer-2 (L2) scaling solution, as reported to Finbold on Wednesday, December 18.

Bitflow's automated market maker uses Stacks' Nakamoto upgrade with the aim of addressing some shortcomings inhibiting Runes trading.

Starting in January 2025, Travala is the top crypto-friendly travel platform. This will let users book flights, hotels, and activities using sBTC and $STX.

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TL;DR Stacks has successfully launched sBTC on the mainnet, enabling Bitcoin integration into decentralized finance (DeFi). sBTC is fully backed by Bitcoin, ensuring its security and offering new opportunities in decentralized lending and exchanges.

The initial launch will allow deposit-only functionality with multiple features expected to follow in the first half of 2025.

According to reports from Bitcoin L2Labs, which leads the development of the layer-2 of Bitcoin Stacks, the launch of sBTC has been made official.

Stacks (STX), the blockchain project aimed at bringing smart contracts and decentralized applications to Bitcoin, has been experiencing notable upward momentum recently. In the past 24 hours alone, the cryptocurrency has surged by 11.63%, climbing from $2.27 to a high of $2.62 before slightly pulling back to $2.53.

Bitcoin L2 Labs, the core development team behind Stacks, announced the successful mainnet launch of a programmable 1:1 Bitcoin-backed asset, sBTC. It marks a major step toward building an on-chain Bitcoin economy and follows October's Nakamoto Upgrade, which delivered faster transactions and 100% Bitcoin finality to the Stacks network.

STX has experienced a strong upswing over the past month, hiking by 29.42%.

Several events are in the pipeline for the top crypto news this week, including updates in the Fantom ecosystem, the planned release of Stacks' network, project listings and airdrops, and key token unlock events.

The cryptocurrency market witnessed a significant upswing on December 16, with Bitcoin (BTC) hovering around $105K at press time. Earlier, BTC reached an all-time high of $106,400. The broader market followed suit, as major altcoins, including Ethereum (ETH), XRP, and Solana (SOL), recorded steady gains.

Today, the crypto prices reflect bullish momentum as Bitcoin (BTC) touched a historic all-time high of $106K. Major altcoins like Ethereum (ETH), XRP, and Solana (SOL) also witnessed gains over the last 24 hours.

The price of GOUT has surged over 70% as Ethereum shows signs of reclaiming the $4,000 level. According to CoinGecko data, the price of GOUT has pumped from a 24-hour low of $0.0003233 to as high as $0.

Stacks continues to push the boundaries of possibilities on Bitcoin with a planned launch of SBTC. SBTC to Promote Bitcoin Defi Ecosystem Stacks, a Bitcoin layer two (L2) platform recently teased the impending launch of SBTC, a 1:1 bitcoin-backed asset designed to bridge bitcoin with decentralized finance (defi) and Web3.

Stacks has announced the launch of a 35% annual percentage yield for Hermetica's stablecoin USDh, setting a record for the Stacks DeFi ecosystem. In a recent post on Dec.

Story Highlights The live price of the Stacks token is . The Stacks price could reach a high of $3.22 in 2024. With a potential surge, the price may hit $13.93 by 2030. The surge of STX price at the beginning of 2024 has hit a stumbling block, with resistance forming above the $3.665 level.

Will the upcoming sBTC upgrade in mid-December boost STX's price?

Stacks users can now do more with their STX tokens thanks to a partnership between Velar and Stacking DAO.

Velar is teaming up with StackingDAO to inject more liquidity into the market to support “Stackers”, or those who stake STX crypto to support the Stacks Layer-2 blockchain.

This is a big step before sBTC goes live on the mainnet, which is the real deal. Think of it like a rehearsal before the big performance.

Stacks (STX), a unique blockchain network designed to bring smart contract functionality to Bitcoin, has garnered significant attention within the cryptocurrency space. Unlike most blockchain platforms, which use traditional proof-of-work (PoW) or proof-of-stake (PoS) mechanisms, Stacks employs a Proof-of-Transfer (PoX) model.

Cryptocurrency analyst and trader Michaël van de Poppe is leaning bullish on one top-50 altcoin by market cap while offering his insight on Bitcoin (BTC) and Ethereum (ETH).

STX is showing strong breakout potential, with key resistance levels in focus for future gains.

Stacks' price action has closely mirrored Bitcoin's performance in recent months, boasting an impressive correlation coefficient of 0.86. This makes Stacks a high-beta play on Bitcoin, meaning that when Bitcoin moves, STX tends to move in a similar direction, albeit with more volatility and often at a greater magnitude.

Stacks strong correlation with Bitcoin suggested a possible rally.

With a jump of 2.86% in the past 24 hours, the cryptocurrency market has successfully crossed the $2.8 Trillion mark. With this, the STX price has maintained its bullish action by recording a positive candle for the 3rd consecutive day.

The sBTC token is designed as a trustless way to use bitcoin in decentralized finance applications, in contrast to centralized wrapped bitcoin tokens.

Stacks seeks to usher in a wave of adoption and innovation following its Nakamoto upgrade.

The launch of Bitcoin L2 Labs is expected to catalyze growth in decentralized applications, making Stacks an even stronger player in Bitcoin-based technology.

STX has experienced fluctuations since reaching an all-time high of $3.61 in November 2021. As the cryptocurrency market evolves, investors are curious whether STX can recover and surge again in the coming years.

The cryptocurrency market has experienced a significant pullback this week due to the rising uncertainty concerning the possible outcome of the upcoming U.S. election in 2024. Following this, the Stacks price has recorded a major price correction, highlighting increased bearish sentiment.

Stacks (STX), a prominent layer-2 solution for Bitcoin, is gaining attention following the recent Nakamoto upgrade on October 29, 2024. This upgrade aims to enhance transaction speeds and scalability, positioning Stacks for substantial long-term growth in the cryptocurrency landscape.

Stacks, a Bitcoin layer-2 solution, is currently garnering attention as its latest developments hint at substantial long-term growth potential. Following the recent Nakamoto upgrade on Oct.

STX's recent Nakamoto upgrade has unlocked faster transaction speeds and introduced sBTC, positioning the token for potential gains.

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TL;DR The Nakamoto Stacks upgrade is live, ensuring that confirmed transactions are as irreversible as those on Bitcoin. Transaction processing time has been significantly reduced. The technical foundation is laid for the launch of sBTC, scheduled for later this year.

The partnership could enhance the “financial utility of Bitcoin for our institutional clients,” wrote Calvin Shen, the chief commercial officer at Hex Trust.

Now, using Stacks is quicker and more secure. This is thanks to some major updates that make it work even better with Bitcoin.

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Muneeb Ali announced that the Nakamoto upgrade is live. It enhances Stacks Layer 2 transactions with 100% Bitcoin finality.

Stacks, a layer 2 solution for Bitcoin, is on the verge of a significant upgrade named “Nakamoto.” Scheduled for October 29, 2024, this update aims to enhance transaction speed and overall efficiency.

The Stacks Foundation has announced that security firm Asymmetric Research has joined its ecosystem as a key security contributor, reinforcing efforts around its Bitcoin Layer 2 solution. According to a press release shared with crypto.

TL;DR The Stacks Foundation has partnered with Asymmetric Research to strengthen the security of the upcoming Bitcoin-backed sBTC token. The launch of sBTC in Q4 2024 will allow Bitcoin users to interact with DeFi applications securely. Asymmetric Research will act as a “signer” of the sBTC system, ensuring secure transactions alongside 30 other companies.

Stacks adds Asymmetric Research as a key security contributor for its Bitcoin Layer 2 network.

Stacks is awaiting a major upgrade, but will it push the token above $2?