🍿 sBTC Cap-3 Revealed & Stacks Represented in Washington DC

Bitcoin L2 Labs announces the next sBTC Cap: May 15 at 5,000 BTC. Reaching this next milestone makes Stacks the largest Bitcoin layer recognized by Bitcoinlayers.org in terms of BTC deployed. A huge milestone for the Stacks ecosystem. Meanwhile, multiple other exciting announcements happened this week. Let’s dive in!

🍿 Stacks Snacks

• Bitcoin L2 Labs announces next sBTC cap: May 15, 2,000 extra BTC.

• Stacks in Washington DC: Hiro CEO Alex Miller testified on how Congress can deliver for clear, modern rules for crypto.

• Xverse announces new improved fiat onramp now live for BTC and STX.

• ALEX announces timeline for ALEX incentive program Surge 4.

• The STX City ecosystem is trending on CoinGecko ranking #2.

 😋 Other Tasty Content

• Zest reports on 3 yield opportunities in the Stacks ecosystem with Velar, ALEX, and Zest.

• Bitflow shares new stSTX / STX pool on Bitflow with earning stacking rewards, trading fees, and promo rewards.

• Granite reports on earning over 40% APY on depositing stablecoins.

• Stacks community DEX Charisma introduces Charisma Orders for the Stacks ecosystem.