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Produced by Daniel Aharonoff & Mogul Media AI

Bitcoin's Future: Stacks and the Nakamoto Upgrade

The Resurgence of Bitcoin: Stacks and the Layer 2 Revolution The landscape of cryptocurrency is undergoing a significant transformation, driven by innovative projects that are reigniting interest in Bitcoin—the original and largest blockchain. Amid the buzz surrounding Ordinals, Runes, and BitVM, initiatives like Stacks are emerging as catalysts for a new era in the Bitcoin ecosystem. With a remarkable 70% increase in its native token STX over the past three months, Stacks stands as a testament to the enduring strength of Bitcoin. Key Developments in Stacks On April 16, Stacks is set to unveil its much-anticipated Nakamoto upgrade, coinciding with the Bitcoin halving. This enhancement is pivotal for several reasons: Total Value Locked (TVL) : Stacks currently leads all Layer 2 solutions in TVL, developer activity, and other critical metrics. Transaction Efficiency : Stacks offers cheaper and faster transactions than standard Bitcoin transfers, enabling the development of adva...
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Produced by Daniel Aharonoff & Mogul Media AI

Unveiling dYdX Foundation's $30 Million Funding Request from DAO

The dYdX Foundation has recently made a significant request for funding from the decentralized autonomous organization (DAO) that governs the project. Seeking $30 million over the next three years, the Foundation aims to secure 4% of the DAO's current treasury. If approved, this funding would eliminate the need for annual budget reviews. The proposal has garnered substantial support and is set to proceed to a vote.

Key Points:

  • dYdX Foundation seeks $30 million in funding from the DAO
  • Request is for a 3-year period
  • Foundation aims to secure 4% of the DAO's current treasury
  • Approval would exempt Foundation from submitting annual budgets
  • Proposal has widespread approval and is moving towards a vote
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