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Hex Trust, a Hong Kong-based digital asset firm that offers institutional-grade custody, staking, and trading solutions, has announced expanded support for Stacks (STX), a leading layer-2 (L2) Bitcoin (BTC) network, as well as sBTC, Stacks’ decentralized asset based on Bitcoin, per information shared with Finbold on Thursday, April 10. Already a partner of the Stacks Asia Foundation, the Hex Trust, which maintains $5 billion in assets under custody (AUC), aims to integrate Stacks-based assets and implement on-ramps to Stacks DeFi applications. The trust is licensed in key markets on the continent, including Hong Kong, Singapore, and Dubai, making it uniquely positioned to meet the institutional demand in these markets, where holdings tend to be highly concentrated. Giorgia Pellizzari, Hex Trust’s Head of Custody, reflecting on recent developments, stated that: “The explosive adoption of sBTC by top-tier institutions reflects its transformative potential to unlock ...

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.  The launch illustrates new applications of Runes, fungible BTC tokens traditionally known for slow transaction speeds, high fees, and sniping.    As part of the initiative, Bitflow prioritizes security with audits from Coinfabrik and Clarity Alliance and offers a $100,000 Immunefi bounty program to promote community engagement.   Picks for you Economist slams Michael Saylor's MSTR-Bitcoin strategy as a ‘shell game’ 28 mins ago Robert...

Stacks, the largest Bitcoin layer-2 network, is on the verge of a transformative upgrade known as Nakamoto. As the Nakamoto upgrade approaches, Stacks’ native token, STX, currently trading at $1.80, is up 68% from its August lows. Scheduled to begin this week, the Nakamoto upgrade promises to be a pivotal event for the platform, heralding significant changes in transaction efficiency and expanding use cases. Stacks Nakamoto upgrade The Stacks Nakamoto upgrade is set to drastically reduce average transaction times from 10 minutes to mere seconds. Such a leap in efficiency opens the door to a range of new applications, including the creation and utilization of liquid stacking tokens. These tokens can now be seamlessly integrated into Decentralized Finance (DeFi) platforms, allowing users to deposit, borrow, and leverage liquidity with greater ease. In conclusion, the Nakamoto upgrade will facilitate the: • Interaction with DeFi apps in seconds ...

Today’s crypto market is experiencing a strong rally, driven by positive U.S. economic data and gains in American stocks. Specifically, Bitcoin has surged to over $62,000, marking an impressive 8% jump in just 24 hours. Meanwhile, Ethereum is riding high too, climbing 10% to hit $2,690. Additionally, Solana has joined the party, rising to $158, a solid 2.3% increase.  This surge is a welcome change from the recent slump driven by recession worries and a stronger Japanese yen. However, with investor sentiment now lifting thanks to a drop in unemployment benefit claims , the market is experiencing a broad and enthusiastic rebound.   Biggest Crypto Gainers Today – Top List In the midst of this exciting market rebound, today’s top crypto gainers are standing out with impressive performances. Injective has surged by 12.01%, reaching $17.71, thanks to its robust DeFi infrastructure and high liquidity. Ethereum is also making waves with a significant 10.45% incr...