ME News reports that on October 1 (UTC+8), Muneeb Ali posted on X that he will assume the role of new CEO at Stacks Labs. Last year, Stacks restructured its ecosystem, making Stacks Labs the operational hub for the protocol; over the past year, Alex Miller served as interim CEO of Stacks Labs. Muneeb Ali stated that his confidence in STX is higher than ever, and with the successful launch of Bitcoin staking, he plans to increase investment in the development of Bitcoin’s capital markets. Following this news, STX rose 10.9% over the past 24 hours. (Source: ODAILY)
STX surges 10.9% as Stacks co-founder Muneeb Ali appointed CEO of Stacks Labs
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Summary
Bitcoin market news: STX rose 10.9% in 24 hours after Muneeb Ali assumed the CEO role at Stacks Labs on October 1, 2026. Ali, a co-founder of Stacks, emphasized Bitcoin capital market development. Stacks Labs became the protocol’s operational hub last year, with Alex Miller serving as interim CEO. On-chain data shows strong buying pressure following the launch of Bitcoin staking.
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