STX rose 10.9% in a single day, and Stacks co-founder Muneeb Ali will serve as CEO of Stacks Labs

Muneeb Ali posted on the X platform that he will serve as the new CEO of Stacks Labs. Last year, Stacks underwent an ecosystem restructuring, with Stacks Labs becoming the protocol's operational center; over the past year, Alex Miller served as the interim CEO of Stacks Labs.

Muneeb Ali stated that his optimism for STX is higher than ever; with the successful launch of Bitcoin staking, there will be increased investment in the development of the Bitcoin capital market. As a result of this news, STX rose 10.9% in the past 24 hours.