STX
+19.8%Muneeb Ali becomes Stacks Labs CEO as Bitcoin staking program expands
Image: Crypto.newsStacks co-founder Muneeb Ali was appointed CEO of Stacks Labs, the entity overseeing core Stacks protocol development. A July 2026 community vote delivered roughly 99% support for Stacks staking upgrades. The network's Bitcoin staking program has bonded 230 BTC in its first phase, with a second phase opening October 10 with 500 BTC capacity. Anchorage Digital is building custody support for institutional self-custodial Bitcoin staking on Stacks. STX rose more than 20% in 24 hours after the CEO announcement, trading around $0.38 in early October 2026.
Key points
- Muneeb Ali was appointed CEO of Stacks Labs, which oversees Stacks protocol development.
- Stacks is expanding its Bitcoin staking program following community governance approval.
Why it matters
The leadership change and staking program expansion reflect growing development activity for Bitcoin-linked DeFi products. Anchorage Digital's custody infrastructure build for Stacks staking targets institutional access to Bitcoin yield opportunities.
Price context · STX
At publication
$0.3883
Now
$0.3825
Change since
−1.48%
7 days · dashed line = publication
Sources · 2 publishers
Crypto.news
Tier 2
Why is Stacks price up 20% as Muneeb Ali becomes CEO?
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by Crypto.news
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
