Stacks announced on X platform that it will carry out the Nakamoto upgrade around October 29th (Bitcoin block height 867867), which will introduce Fast Blocks, etc. It is reported that Stacks core developers plan to launch sBTC this year, which can transfer Bitcoin from L1 to Stacks L2 and return.

Stack's co-founder Mitchell announced on Twitter that the N21 Bitcoin Ecosystem Support Program has officially launched to support developers and startups in the Bitcoin ecosystem. The program aims to help teams prepare for Nakamoto's launch, with no equity, fees, or regular meetings, and customized according to demand. N21 will provide technical guidance, financing assistance, and market growth support, with an application deadline of February 12th.

The price of Stacks (STX) rose by 27% on Wednesday after positive comments from investor Tim Draper. Stacks is a layer 2 network that allows for smart contracts on bitcoin (BTC) and was distributed through the first SEC-qualified token offering in 2019. Draper expressed excitement about Stacks and its potential to move important applications to Bitcoin, comparing it to the trend of Microsoft. Stacks has gained prominence due to the emergence of bitcoin-based NFT projects like Ordinals, with capital locked on the network rising from $7 million to $50 million since the start of the year. The token is currently trading at its highest level since February 2022.

According to CoinGecko market data, STX (Stacks) is currently trading at $1.47, with a 24-hour increase of 23.6%. The market is volatile, so please manage your risks.

Stacks development team plans to complete the Nakamoto upgrade before next year's Bitcoin halving event in April.

Cryptocurrency custody company Copper has announced that it has integrated the Bitcoin L2 network Stacks. Now, sBTC and Stacks assets can be securely stored through Copper's institutional custody services.

Bitcoin Layer2 network Stacks announced that the sBTC developer version is now online, allowing developers to build and test early versions of sBTC, which is a 1:1 supported BTC version on the Stacks layer. The sBTC developer version will include a localized devnet version of the sBTC system, which developers can install and run locally on their computers to provide a simple interface for testing sBTC deposit and withdrawal transactions. In addition, a JavaScript library that can be obtained through NPM will also be released, which developers can use in their applications. This tool will allow developers to test critical sBTC functions and may gain an advantage in building sBTC-supported applications.

Crypto custodian Copper.co has announced its integration with the Stacks blockchain, a network that allows for the creation of decentralized applications (dApps) and smart contracts on top of the Bitcoin blockchain. Through this integration, institutional clients can securely custody, trade, and utilize all existing and future SIP-010 tokens on the Stacks blockchain. In addition to the integration, Copper also announced as the first major custodian to support the anticipated Nakamoto upgrade and sBTC (a decentralized and 1:1 backed Bitcoin asset expected to launch on the Stacks layer in 2024).