🍿 sBTC Withdrawal Functionality is Live, Global Partner Announcements, Token2049 Highlights

This week, sBTC withdrawal functionality went live as Sui announced its integration of of the asset to bring new institutional-grade DeFi opportunities to Bitcoin holders. Meanwhile, the Stacks Asia DLT Foundation announced bold initiatives to drive adoption in the Middle East as Stacks took over events in the region for Token2049 and beyond. And and to round out the week, new DeFi upgrades and educational programs are fueling innovation across the ecosystem. Let’s dive in!

🍿 Stacks Snacks

• sBTC withdrawal functionality is now live, enabling the conversion of sBTC from Stacks to native BTC on the Bitcoin mainnet.

• Stacks Asia DLT Foundation is partnering with ADGM to drive institutional Bitcoin adoption in the Middle East.

• Bitflow launches the stSTX-STX Flex pool, which leverages a variable midpoint, leading to higher yield and stronger liquidity.

• Rise In is launching a free Stacks full-stack bootcamp to master Bitcoin & Stacks coding fundamentals.

• Sui announced its integration of sBTC, making Stacks and sBTC a growing hub for the Bitcoin economy.

• Stacks Asia DLT Foundation partners with Aspen Digital and Everest Ventures Group (EVG) to boost Stacks’ growth in Asia.

 😋 Other Tasty Content

• Zest now supports the use of ALEX tokens for lending, collateral, and borrowing.

• Stacking DAO hints that Stacking rewards will soon be paid out daily instead of at the end of each cycle.

• Muneeb shared insights on Stacks and activating the Bitcoin economy at the Staking Summit in Dubai.

• The Stacks Asia DLT Foundation launched a new initiative to grow the total value locked of sBTC to its first 21,000 BTC.

• Muneeb talked about how Stacks and sBTC are unlocking BTC liquidity at Token 2049 in Dubai.