08 April Listing STX tokens for Stacks Bitfinex

Road Town, Tortola, British Virgin Islands – August, April, 2025 – Bitfinex (https://www.bitfinex.com/), a leading digital asset trading platform, announced today it will list STX, the native token for Stack. Stacks is a two-layer blockchain built on top of the Bitcoin blockchain, where smart contracts and decentralized apps can benefit from Bitcoin security and reliability without changing the core Bitcoin system.

Stacks is designed to take full advantage of Bitcoin’s potential by enabling it to take advantage of the security, stability and network effects of the Bitcoin blockchain, which reflects the growing user base of investors. Stacks Ecosystem has 1.5 billion STX tokens in circulation, with a current market capitalization of $11.1 billion. STX is a native token for the Stacks network. Fueled by Bitcoin smart contracts, it can be used throughout Stacks Ecosystem’s NFT marketplace and Defi applications, and is awarded to miners of the Open Stacks network.

“We are pleased to add STX to Bitfinex’s diverse token products.” said Anoush Bhasin, Bitfinex’s listing director. “This list expands support for innovative technology and gives customers access to Stacks’ unique ability to extend Bitcoin capabilities through smart contracts and decentralized applications.”

STX deposits are expected to open in UTC around 2pm on April 9th, subject to network conditions. The transaction is scheduled to begin on April 10th at around 2pm on UTC, subject to liquidity requirements being met. STX will be traded against US Dollars (STX/USD) and Tether Tokens (STX/USDT).

To gain access to STX with Bitfinex, customers can visit https://www.bitfinex.com/.

*All users of www.bitfinex.com are subject to Bitfinex Terms of Service (“TOS”). Please note that among other prohibited persons (as defined in TOS), US people (as defined in TOS) are strictly prohibited from directly or indirectly retaining, owning or operating an account on www.bitfinex.com (as defined in TOS).

About Bitfinex

Founded in 2012, Bitfinex is a digital token trading platform that provides cutting-edge services for traders and global liquidity providers. In addition to a range of advanced trading capabilities and charting tools, Bitfinex offers access to peer-to-peer financing, the OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools and innovation to experienced traders and liquidity providers around the world. For more information, please visit www.bitfinex.com.

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]]> https://earlybirdsinvest.com/listing-stx-tokens-for-stacks-bitfinex/feed/ 0 43531 https://earlybirdsinvest.com/el-salvador-stacks-7-bitcoin-in-last-week-despite-imf-deal/ https://earlybirdsinvest.com/el-salvador-stacks-7-bitcoin-in-last-week-despite-imf-deal/#respond Sat, 10 May 2025 22:33:49 +0000 https://earlybirdsinvest.com/el-salvador-stacks-7-bitcoin-in-last-week-despite-imf-deal/

The government of El Salvador continues stacking Bitcoin (BTC) for its national crypto reserve, despite an ongoing deal with the International Monetary Fund (IMF) stipulating that the Central American country stop using public funds to purchase Bitcoin as one of the conditions for a loan agreement.

According to data from the El Salvador Bitcoin Office, the country acquired an additional seven BTC in the last seven days, bringing its total holdings to 6,173 BTC, valued at over $637 million.

El Salvador’s Bitcoin Office has continued its steady pace of Bitcoin acquisitions months after the IMF agreement was signed and shows no sign of halting its Bitcoin purchases.

The Central American country is one of the only nations actively purchasing Bitcoin in open market operations, and its national Bitcoin treasury strategy will serve as a blueprint for other countries also considering Bitcoin strategic reserves, according to crypto industry executives.

Related: El Salvador works with Nvidia to develop sovereign AI infrastructure

El Salvador remains defiant against IMF pressure

El Salvador signed a $1.4 billion loan agreement with the IMF in December 2024. As part of that agreement, the government of the country agreed to rescind its Bitcoin legal tender law and make Bitcoin payments voluntary.

The agreement also stipulated that El Salvador must scale back its Bitcoin accumulation, refraining from using public funds to finance Bitcoin purchases. 

Additionally, the deal required the government privatize the Chivo Wallet, which was publicly funded but saw little use among residents.

In January 2025, lawmakers in the Central American country repealed the Bitcoin legal tender law in a 55-2 Congressional vote, although this did nothing to pause or slow Bitcoin acquisitions.

The IMF issued another request to the country to halt Bitcoin buys in March 2025, reiterating the original terms of the agreement. However, El Salvador’s President Nayib Bukele pushed back against the requests.

Bukele emphasized that the country would not stop its Bitcoin purchases or slow down its accumulation of BTC in the face of mounting pressure from the supranational financial institution.

“No, it’s not stopping. If it didn’t stop when the world ostracized us and most ‘Bitcoiners’ abandoned us, it won’t stop now, and it won’t stop in the future,” Bukele wrote in a March 4 X post.

Magazine: El Salvador’s national Bitcoin chief has been orange-pilling Argentina

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