STX open interest surges as the token rallies to a 10-month high (Coinglass)
STX Perpetual Futures Open Interest Doubles to $80M as Traders Take Shorts
One analyst suspects traders are betting there isn't a follow-up to Bitcoin NFTs and the STX run is a flash in the pan.
STX open interest surges as the token rallies to a 10-month high (Coinglass)

(Colton Sturgeon/Unsplash)
Ordinals NFTs Can Make Stacks’ STX a Multibillion-Dollar Token: Matrixport
Stacks' ability to leverage the Bitcoin blockchain’s security for settlement of transactions positions the network well for developing Bitcoin decentralized finance, the repor...
(Colton Sturgeon/Unsplash)

STX hits highest point since May. (CoinDesk/Highcharts.com)
Bitcoin Layer 2 Stacks Network's STX Token Spikes 50% as 'Ordinals' Boom
Stack Network is a Bitcoin layer 2 for smart contracts aimed at unleashing the world's oldest blockchain's potential as a programmable platform.
STX hits highest point since May. (CoinDesk/Highcharts.com)

(Namthip Muanthongthae/Getty Images, modified by CoinDesk)
Muneeb Ali on the Future of Bitcoin Building
The CEO of Trust Machines discussed the coming bitcoin bull market in building.
(Namthip Muanthongthae/Getty Images, modified by CoinDesk)

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Okcoin, Stacks Launch $165M Pledge to Support Bitcoin-Related Projects
The Bitcoin Odyssey is a year-long pledge taken by VC firms to deploy money into solutions that accelerate the adoption of bitcoin.
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Muneeb Ali (CoinDesk archives)
Muneeb Ali’s Trust Machines Raises $150M
Participating investors include Breyer Capital, Digital Currency Group, GoldenTree, Hivemind and Union Square Ventures.
Muneeb Ali (CoinDesk archives)

Could NYC Be the Next Crypto Hub?
Could NYC Be the Next Crypto Hub?
New York City mayor Eric Adams’ crypto ambitions have sent the city racing against Miami to become the next center of the digital asset industry.
Could NYC Be the Next Crypto Hub?

What's Next After MiamiCoin and NYCCoin? The CityCoins Project Prepares for the Future
What’s Next After MiamiCoin and NYCCoin? The CityCoins Project Prepares for the Future
MiamiCoin and NYCCoin have been in the news quite a bit lately after Mayors Francis Suarez and Eric Adams voiced support for those cryptocurrencies, the first to be launched b...
What's Next After MiamiCoin and NYCCoin? The CityCoins Project Prepares for the Future

(Yuichiro Chino/Moment/Getty Images, modified by CoinDesk)
The Programmable Future of Bitcoin, Feat. Muneeb Ali
An argument why Bitcoin will be the base layer for DeFi, NFTs and more.
(Yuichiro Chino/Moment/Getty Images, modified by CoinDesk)

STX tops $3 even as bitcoin stagnates
Stacks Network’s STX Token Jumps 50% as Bitcoin Struggles Amid Seesawing Fed Rate-Hike Bets
Some believe Jack Dorsey’s exit at Twitter may be a reason for STX’s surge.
STX tops $3 even as bitcoin stagnates