$STX-USD

Stacks (STX) fell 6% in 24 hours, driven by a broader crypto market pullback and its high-beta correlation with Bitcoin. The decline follows hawkish Federal Reserve comments, which triggered a 3-4% drop in Bitcoin and a 2-3% decline in the total crypto market cap. STX's recent strong rally and its role as a Bitcoin-anchored smart contract platform amplified its volatility. No STX-specific negative news was identified.

HashKey Cloud will participate in Stacks' Genesis Bond pilot, time-locking Bitcoin while retaining keys and pairing it with STX. Returns depend on STX exposure and Stacks network activity, with details on allocation and payouts undisclosed. A rollover flaw in the PoX-5 code awaits a fix. According to Stacks founder Muneeb Ali, this move aims to demonstrate institutional interest in Bitcoin yield.

Stacks says it successfully activated PoX-5, moving signers to new consensus rules without interruption. The upgrade is intended to enable Bitcoin Bonds, allowing eligible users to pair BTC on Bitcoin Layer 1 with STX on Stacks to earn self-custodial BTC yield. A phased rollout starts with an institutional Genesis Bond, with staking pool migrations ongoing.

El Salvador’s crypto remittances remain a small share of its $5 billion remittance market, at 0.7%. In H1 2026, crypto remittances were $35.4 million, up 39.1% year over year, while banks and remittance firms handle over 84%. The government-backed Chivo wallet is being wound down under an IMF deal.