Stacks co-founder named new CEO of Stacks Labs; STX surges over 10% in a single day.
1 hours ago
Stacks co-founder Muneeb Ali announced in a post on X that he will serve as the new CEO of Stacks Labs. Last year, Stacks underwent an ecosystem restructuring, with Stacks Labs becoming its protocol operations hub. For the past year, Alex Miller held the interim CEO role at Stacks Labs. Ali stated, "I am more bullish on STX than ever before. Now that Bitcoin staking has been successfully launched, it’s time to double down on developing Bitcoin capital markets." Driven by this news, STX’s price surged 10.9% over the past 24 hours.
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