Connect with us

Bitcoin

Stacks (STX) price soars as inscriptions spike transactions

Stacks (STX) price has surged 16% in the last 24 hours, hitting levels last seen in March. The Bitcoin layer for smart contracts saw a huge spike in inscriptions, with a single block recording over 10k transactions. Stacks (STX), a smart contracts enabled layer 2 network looking to unlock the Bitcoin economy, has surged by…


  • Stacks (STX) price has surged 16% in the last 24 hours, hitting levels last seen in March.
  • The Bitcoin layer for smart contracts saw a huge spike in inscriptions, with a single block recording over 10k transactions.

Stacks (STX), a smart contracts enabled layer 2 network looking to unlock the Bitcoin economy, has surged by more than 16% in the past 24 hours.

According to market data from CoinGecko, the price of Stacks rose as high as $1.19 across major exchanges. The STX market cap rose to above $1.7 billion, and the last time STX traded at these levels was in March this year.

As observed across the crypto market today, Stacks’ price spike defied the broader losses experienced across altcoins, with Bitcoin (BTC) also hovering near $41k.

STX price soars amid inscriptions craze

The past few weeks have witnessed a new frenzy in inscriptions, the metadata embedded onto satoshis (sats), Bitcoin’s smallest unit. The popularity of these inscribed texts, images and other metadata (NFTs on Bitcoin) has jumped amid BTC’s price surge.

For Stacks, there was a massive spike in transactions in 24 hours on Sunday and early Monday, with a single block recording over 10k transactions. On-chain data showed block 132,377 on the L2 reached 10,371 transactions, the highest ever number of transactions in a single Stacks block.

Muneeb Ali, the co-founder of Stacks noted that Bitcoin degens’ heavy minting, resulting in blocks with eight to ten times more transactions.

GM to the Bitcoin degens who did heavy mints on Stacks L2 yesterday.

It was great to see blocks with 8x-10x more transactions. The bulk of throughput improvements will go live with the Nakamoto release and WASM.

— muneeb.btc (@muneeb) December 18, 2023

Other than smart contracts, NFT capabilities and DeFi opportunities, Stacks’s L2 solution allows for increased transaction speed and reduced fees.


Share this article

Categories

Tags

Read More

Continue Reading
Advertisement I show You how To Make Huge Profits In A Short Time With Cryptos!
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Bitcoin

Bitcoin User Accidentally Hands Over $105,000 Fee on $10 Transaction

On Monday, a bitcoin user managed to send nearly an entire coin to miners by mistake—sending a 0.99 BTC fee on a simple $10 transfer to Kraken. The $10 That Cost a Fortune With the average high-priority bitcoin transaction fee sitting near $0.30 today, this unlucky user shelled out roughly 222,602 times more than necessary…
Read More

Continue Reading

Bitcoin

Vivek Ramaswamy-Backed Strive Expands Bitcoin Treasury to 7,525 Coins

Vivek Ramaswamy-backed Strive has expanded its bitcoin treasury, acquiring 1,567 bitcoin at an average price of $103,315, bringing its total holdings to 7,525 BTC as of Nov. 10, 2025. The company’s aggressive accumulation comes alongside its Nasdaq listing of SATA, a variable-rate perpetual preferred stock designed to amplify its bitcoin exposure…
Read More

Continue Reading

Bitcoin

Germany’s AfD party proposes Bitcoin as strategic asset

The AfD party is urging Germany to treat Bitcoin as a strategic national asset. The AfD Bitcoin reserve motion seeks MiCA exemption and clear, favorable tax rules. AfD is pushing Bitcoin as “state-free money” to boost sovereignty. Germany’s Alternative for Germany (AfD) party has put forward a parliamentary motion urging the government to recognize Bitcoin…


Germany's AfD party proposes Bitcoin as strategic asset

  • The AfD party is urging Germany to treat Bitcoin as a strategic national asset.
  • The AfD Bitcoin reserve motion seeks MiCA exemption and clear, favorable tax rules.
  • AfD is pushing Bitcoin as “state-free money” to boost sovereignty.

Germany’s Alternative for Germany (AfD) party has put forward a parliamentary motion urging the government to recognize Bitcoin as a strategic asset.

The short, forceful proposal argues Bitcoin deserves distinct treatment from other crypto-assets and calls for tax and regulatory relief to bolster innovation and national sovereignty.

The Bitcoin strategic reserve motion by AfD

The AfD motion urges lawmakers to treat Bitcoin differently from tokens and stablecoins covered by the EU’s Markets in Crypto-Assets (MiCA) framework.

It argues Bitcoin’s decentralised design and fixed supply make it a unique form of digital value that should not be shoehorned into rules intended for centrally issued crypto instruments.

The party explicitly proposes that the government consider accumulating Bitcoin within national reserves as a hedge against inflation and currency volatility.

A central demand in the motion is tax certainty.

AfD lawmakers want to preserve the existing 12-month holding exemption for private capital gains and maintain Bitcoin’s exemption from VAT.

They also call for private mining and running Lightning Network nodes to be clearly classified as non-commercial activities, reducing administrative burdens for individual participants.

The motion stresses the right to self-custody and warns that legal uncertainty deters long-term private investment.

AfD frames the proposal as part of a broader defence of digital sovereignty.

The party opposes a European digital euro and portrays Bitcoin as “state-free money” that can protect liberties and reduce dependence on centrally issued currency instruments.

The motion arrives amid debate over Germany’s decision in mid-2024 to sell nearly 50,000 BTC seized from criminal proceedings — an action AfD and others now characterise as a policy mistake given subsequent price movements.

The proposal argues that heavy-handed national implementation of MiCA risks capital flight and diminishes Germany’s standing in blockchain innovation.

AfD lawmakers say excessive rules will push firms and talent to friendlier jurisdictions, eroding competitiveness in a field with rapidly evolving technology and commercial models.

AfD also highlights potential synergies between Bitcoin and energy policy.

The motion suggests that productive uses of excess renewable supply — including mining — could create a technological and economic fit between Germany’s energy transition and the Bitcoin network.

The party frames state accumulation of Bitcoin as a prudent diversification of reserve assets, drawing parallels to moves and proposals in other European countries that have discussed or adopted similar approaches.

Beyond urging a strategic statement from the federal government, the motion seeks concrete commitments: keep tax advantages intact, exempt certain private operations from commercial classification, enshrine self-custody rights, and open study of Bitcoin’s role in reserves and energy integration.

AfD wants the Bundestag to formally recognise Bitcoin’s distinct status and to restrain national rule-making that would extend MiCA beyond its intended scope.

The reaction from the public

Supporters in crypto circles welcomed the proposal as a sign that mainstream political debate is shifting away from dismissive tropes about digital currencies.

Critics, however, worry the plan could politicise reserve policy or clash with EU regulatory intent.

Observers note that Germany occupies an outsized spot in Europe’s economy, so any move to treat Bitcoin strategically would reverberate across markets and policy debates.

As Bundestag review AfD’s motions and the larger question of how national policy should sit alongside EU rules, whether the proposal gains traction depends on cross-party calculation about economic benefits, sovereign risk, and regulatory coherence.


Share this article

Categories

Tags

Read More

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.