STX Rises 10.9% in a Single Day, Stacks Co-founder Muneeb Ali to Serve as Stacks Labs CEO

Odaily News: Muneeb Ali posted on 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 operations hub; over the past year, Alex Miller served as interim CEO of Stacks Labs. Muneeb Ali stated that he is more bullish on STX than ever before; with the successful launch of Bitcoin staking, he will increase investment in the development of the Bitcoin capital markets. Affected by this news, STX has risen 10.9% over the past 24 hours.