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Techub News reports that Muneeb Ali has become the CEO of Stacks Labs. Following this news, the price of STX, the native token of the Stacks ecosystem, has risen by 28.8% in the past 24 hours. Stacks Labs is the core entity focused on the development of the Stacks ecosystem, a Layer 2 network built on Bitcoin. (@coingecko)
Techub News, according to Chainwire, Stacks Labs has released a whitepaper proposing a self-custodied Bitcoin staking mechanism that allows Bitcoin holders to earn native Bitcoin rewards without bridging, wrapping, or giving up custody. The mechanism is based on an upgrade of the existing PoX consensus mechanism and has already distributed over 4,200 Bitcoin rewards. The mechanism is implemented through "protocol bonds," where users pair Bitcoin time-locks with STX lock-ups for a six-month period. This is the first phase of Stacks' 2026 roadmap, aimed at establishing an economic foundation for subsequent native Bitcoin lending and programmable capital products.
Techub News, Mysten Labs co-founder Adeniyi Abiodun tweeted that Sui will complete its evolution from an L1 to a unified developer platform by 2026, namely the end-to-end decentralized development stack S2 (Sui StackStack). Updates to be launched in 2026 include: protocol-default privacy at the transaction level; USDsui as the anchor stablecoin for the Sui economy, with Slush as the consumer-facing entry point, making stablecoin transfers on Sui completely free (gas-free) by 2026; DeepBook will introduce margin trading features and is set to launch a referral rebate/revenue-sharing model; initiating the DeFi Moonshot program to fund the next generation of financial product forms; scaling Bitcoin Finance on Sui; securing blockbuster collaborations through Parasol's relationships with major studios; and optimizing Agentic Web as a platform for machine-to-machine on-chain transactions.
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