NEWS: Stacks trading is now live on Bullish.
Bullish is an institutional exchange with deep liquidity and a focus on compliance. Having STX easily available to institutional clients is part of our staking launch.
Forward!
NEWS: HashKey, a major institutional player in Asian markets, through its HashKey Cloud services, will deploy BTC in Stacks.
Along with Nakamoto, through UTXO subsidiary, it’s the second institution announced for Genesis bond participation.
In 15 days, the Stacks Genesis Bond goes live: the first institutional Bitcoin staking bond of the PoX-5 bootstrap phase, capacity-limited.
Meanwhile, @StackingDao's pooled L2 liquid Bitcoin staking and @ZestProtocol's staking vault are coming to STX.
More soon.
market finally remembers that @Stacks is the highest-conviction beta play on a Bitcoin rally
- $BTC did ~22% in 7 days
- $STX did 97%, ranking #1 on CMC’s weekly gainers and #4 on the 30D
but the part that gets me excited is beyond just a leaderboard
Bitcoin staking is coming to Stacks, with STX becoming the capacity asset behind it
more BTC moving toward productive yield should create more structural demand for STX
STX/BTC is still around 300 sats after breaking below its historic 1,000-sat floor
i think Stacks fundamentals are arguably stronger than ever
more importantly, institutions needing to pair STX with BTC to participate
STX played this exact beta role before the 2024 halving
now it has a much stronger reason to do it again
Looking at $STX these days. Stacks brings smart contracts and decentralized apps to Bitcoin while keeping everything secured by the Bitcoin network itself. The big recent move was the PoX 5 upgrade that activated Bitcoin staking so holders can earn BTC yields by pairing their assets. Institutional interest is building with the Genesis Bond launching near September 10. The token currently trades around $0.27 after climbing nicely over the past few days.
Alts continues to gather strength is parts with notable performers continuing to be blockstack:native . We have now seen it up over 100% last week alone
The best of Bitcoin and Ethereum.
There is an idea I’ve been obsessed with for over a decade. It’s a very simple idea. It’s a trillion-dollar idea if it works.
The idea is simply to take the best qualities of Bitcoin and Ethereum and combine them.
Bitcoin is the superior asset. Ethereum has better rails. BTC is winning as digital capital. Ethereum pioneered on-chain capital markets (Solana is challenging that position). Why can’t we have best of both?
ETH tried being internet money and that didn’t work. BTC clearly won as digital capital. Ethereum rails, however, have created thriving on-chain capital markets. Not just directly on Ethereum, but on derivative chains like Arbitrum (used by Robinhood), Tempo (by Stripe), Tron (largest Tether usage), etc.
Bitcoin and Ethereum have been #1 and #2 digital assets for close to a decade now. There is obviously competition between them. ETH has nowhere else to go but try to be #1. This is what the entire “flippening” movement was about (it failed, for now).
If we take the best parts of Ethereum (like faster transactions, programmability) and vertically integrate them on top of Bitcoin, like HTTP on top of TCP/IP, then we have a scenario where the best asset, BTC, can be integrated with modern rails. Simple.
The internet didn’t become *the* internet until HTTP took off atop TCP/IP. Fragmented networks don’t become global standards. We’re still fragmented in crypto, but the consolidation phase has started.
If a vertically integrated modern rails like Stacks truly takes off for BTC, then Bitcoin solidifies its #1 spot even further. BTC gets native BTC yield, and gets deployed in bitcoin capital markets. Bitcoin can then keep evolving (like adding privacy features) without ever changing the base.
The best of Bitcoin and Ethereum. In one vertically integrated system. That’s the dream. We’ve built it at Stacks.