Swap Big with confidence. From Bitcoin to USDCx via sBTC. From sBTC to STX. No front-running, no sandwich attacks, no slippage games. Developer @RaphaStacks
$4.7B frozen in Celsius. Accounts locked. No warning.
What if you could swap BTC to dollars on-chain — no account, no KYC, zero slippage?
Jing Swap. Your keys. No one to freeze you out.
Watch:
Cycle 142 week 1 rewards are paid 🥳
👥 31 stackers · one transaction · chillax it drips 💧
⚡ On pace for ~6.9% APY 📈 week 2 still to come
🥞 Stake · 💰 Earn · ✅ Verify
1/2 📣 New digital asset listing: @Stacks (blockstack:native), the native asset of the Stacks network, and $sBTC, are now available to trade on Bullish in eligible regions.
Available pairs:
◾STX/USDC
◾sBTC/USDC
◾sBTC/BTC
Maker-taker is coming 🐋
this is a game changer if you move size in BTC on-chain⚡
Drop your email at jingswap dot com to get alerted when it goes live 📩
Stacks miners collectively produce about $245k of STX in one reward cycle. Bitflow can technically accommodate that flow: the roughly $24k of sBTC liquidity across its two sBTC/STX pools, DLMM and XYK, would simply have to turn over about ten times, and a market maker is already doing that rebalancing job, replenishing the pool as it drains. So why does the flow still leave Stacks? The problem is not capacity alone. It is what the trader gets for using the liquidity that is there. The numbers let us follow that question from the route miners use today to what happens when liquidity itself is given a reason to be there.
Every buyable satoshi across both @bitflow's sBTC/STX pools: 0.3996 sBTC about $25k
A miner converting one cycle of rewards is bigger than all of it
Is that why Stacks miners send their coins to centralized exchanges instead?
Read more 👇
Vibewatch Update: Week 4
Super excited to share an early sneak peek at the Stacks Sentiment Index!
The index is a single number built from a LOT of data. Once launched, it’ll be the most comprehensive crypto ecosystem sentiment index out there—spanning dozens of sources, including Discord and Telegram.
This dashboard will be publicly accessible to everyone, and AI agents will be able to access underlying data via @x402stacks.
We'll also be publishing weekly sentiment reports covering the entire ecosystem at @vibewatch_io so make sure to follow!
The index currently features a dozen different Stacks ecosystem partners: @StackingDAO, @Bitflow, @HermeticaFi, @LeoCoinSTX, @ZestProtocol, @Stacks, @aibtcdev, @stx, @StacksEndowment, @boom_wallet, @JingSwapBTC, and @sfdstacks.
Special shoutout to StackingDAO for having the top vibes of the week 🏆
Send me a DM if you'd like to be added to the index. A free Vibewatch subscriptions for every Stacks app 🫡
Some quick Stacks updates:
— The Satoshi upgrades I hardfork went as smoothly as we could’ve hoped. Core devs have been monitoring the network, and we regularly push code updates as needed.
— As part of the upgrade, new signers came online, further decentralizing and increasing the reliability of the signer set. A few of these signers were offline at the boundary of cycle 141, causing a temporary pause in blocks that was quickly resolved. See the 99.94% uptime because of this temp issue.
— Cycle 141 got 392.4M STX staked. This required massive upgrades across wallets like Leather, Xverse, custodians, pool operators, DeFi apps, etc. I expected that hitting 300M would be great, and exceeding this to almost 400M (approx 80% of historical highest levels) straight away is a strong sign of participation and of market confidence among long-term holders: they’d rather go through new steps to upgrade instead of leaving.
— On the Binance monitoring tag, I had a call with them on Thur. We’ve been a great partner to Binance for 6 years now without any issues. They clearly recognize that Stacks is a blue-chip project. I explicitly discussed any risk of “delisting” and the FUD around it, especially in Korean markets. They communicated (a) no delisting risk and (b) no concern about liquidity or trading volume. They seem happy with all the information we have provided about the hardfork and with how clearly we communicated the token emissions update. The next review meeting has not happened yet. Unfortunately, the monitoring tag process got triggered/flagged before the hardfork, and we just need to wait for the next meeting and a fresh review. I’m personally not concerned about the monitoring tag at all and will update the community as soon as the next review meeting happens. I’m also personally in touch with execs at Binance in addition to our dedicated team. All of them have been super helpful and transparent. Their recommendation is to communicate the details to the community to address any FUD. I hope this update helps.
— On the Genesis bond, we’ve picked Bitcoin block 966,350 (approx Sep 10) for the Genesis bond. This is when the institutional participants in staking start getting announced. Genesis bond will demonstrate the full system on mainnet, and the first real bond will launch a month later, with monthly bond issuances following. It’s an extremely exciting time where we’re going after a potential $100B BTC staking market. I’ll separately write about our innovations here and how we’ve unlocked something completely not possible before, and how direct value accrual to STX happens as more Bitcoin gets deployed in staking and goes into our DeFi. Start of on-chain Bitcoin capital markets!
— On trading markets and liquidity: in recent months/weeks, given negative sentiment and especially the unfortunate Binance monitoring tag, the liquidity and trading volumes are lower than before. These levels still meet the liquidity requirements of various exchanges. However, the Stacks endowment is working with partners to improve liquidity further. Healthy trading markets for STX are critical to a successful launch of bitcoin staking, as large institutions should be able to easily get access to the STX they need globally.
I’m available on X and Telegram community channels for any questions. I’ve been listening to all feedback and questions, and it’s been very helpful. Our global community is our strength, and their passion shows!
Forward 🚀
1/ Announcing the Q2 2026 Stacks Endowment grantees.
This cycle, we selected 10 teams building across Bitcoin-native finance, liquidity, privacy, and agentic applications. The goal was not to fund the largest number of projects, but to back high-signal teams building work that can compound alongside sBTC, Bitcoin Staking, and Stacks adoption.