The ticker is $stBTC

Scouring the market for synthetic substitutes when you stand on solid bedrock makes zero sense. At @token2049, endless panels debated tokenising stocks and treasuries to find reliable collateral for decentralised finance. The obvious truth is that the collateral everyone is hunting for is already Bitcoin. The reality is visible across @Stacks: ➥ @StackingDao was an STX-only platform two months ago, yet now it stakes over $100 million across blockstack:native and bitcoin:native. ➥ @ZestProtocol peaked at $100 million last year but holds close to $130 million today as BTC goes to work. These totals represent two distinct books rather than one combined pool, with zero new yield quotes attached. While others discuss synthetic substitutes, capital is backing native Bitcoin.

Leaving a high-performance supercar permanently parked while you walk everywhere is a waste. That happens when over 99% of Bitcoin sits idle. Only 0.5% of BTC is deployed, but that bottleneck is breaking. At TOKEN2049, @muneeb introduced the 2030 Satoshi Upgrades. Taking over as CEO of Stacks Labs on 15 October, his vision establishes @Stacks as the default venue to earn, borrow, and transact privately while settling directly to Bitcoin. He highlighted three frontiers. ➥ First are Bitcoin capital markets. The Genesis Bond sold out at 230 BTC, securing allocations from heavyweights like 21shares, HashKey Cloud, and UTXO Management. The strategy mirrors traditional finance, where the US repo market hits 12.6 trillion dollars in daily exposure. By 2027, the PoX 6 upgrade replaces the anchor whitelist with an open auction so any holder can bond capital. Self-custodial lending remains in active development, allowing you to borrow against bonded BTC while it earns. ➥ The second frontier is compliant privacy. Since artificial intelligence easily tracks public ledgers, shielded transactions will hide your positions. A viewing key allows selectively granting access to auditors or regulators. ➥ The third focus is a post-quantum future. Quantum-safe signatures are 10x to 123x larger than Schnorr signatures. Because this restricts the base layer, everyday financial activity shifts to Stacks, settling rapidly under Bitcoin security. $STX serves as the capacity asset for native yield and the fuel for network activity. Muneeb also detailed five priorities for his first 30 days: ➦ Expand institutional business development to capture rising bond demand. ➦ Simplify leadership so the team moves swiftly like a startup on fire. ➦ Publish a 2-year roadmap covering institutional-grade privacy and quantum security. ➦ Execute one-on-one investor meetings and host a public holders update call. ➦ Clarify value accrual by transferring intellectual property to the shareholder-free Endowment, ensuring value flows directly into STX.

Update Xverse mobile, go to Trade, hit Perps. This is very big!