🍿 Stacks Thrives Amid Regulatory Changes + Stacking DAO Unveils sBTC Product

We’re wrapping up a turbulent week for the crypto space, but Stacks is closing it out with some major wins at both the layer and app levels. Stacks, a U.S.-based Bitcoin layer supported by a Grayscale trust and featured in the Coinbase Coin50 Index, gained recognition for its strong position to thrive in the evolving regulatory environment. Meanwhile, Stacks apps welcomed fresh liquidity to the chain, with several releasing innovative sBTC products. Let’s dive in!

• Sypher Capital shares excitement around Stacks incorporating a re-staking program, as shared by Stacks Founder Muneeb Ali.

• The SEC has launched a new crypto task force aimed at a clear regulatory framework, with Stacks solidifying its first-mover advantage already complying with the SEC.

• Stacking DAO launches stSTXbtc, keeping stacked STX liquid while earning up to 10% APY sBTC yield.

• Hermetica announces $3M in fresh liquidity being added to USDh on Stacks.

• AI DAO tokens are now live and trading for the first time via AIBTCDEV and Faktory Fun.

• LearnWeb3 teases Bitcoin Developer course 2 for Stacks coming soon.

😋 Other Tasty Content

• Crypto Rank puts Stacks in select group of assets that are US made, have a Grayscale Trust, and are part of the coin50 Coinbase Index.

• Coingecko lists Stacks among the USA assets post “US first crypto reserve” proposal.

• Bitcoin Layers initiative lists Stacks among Bitcoin Layers while many others fail to meet requirements.

• Buidl Battle announced $25,000 in prizes for Stacks apps, with more Bitcoin L2s getting revealed in the next weeks.

• The Stacks Foundation is co-hosting an event during Eth Denver called Après Bitcoin.