Stacks Labs announced that Muneeb Ali, the founder of Stacks ($STX ), will become CEO of Stacks Labs, effective from October 15.
He will replace the interim CEO Alex Miller, who moves into an advisory role.
This information helped STX price increase by 15%.
As for Binance, STX is currently tagged with a Monitoring Tag. Hopefully, this good news and leadership will help STX reclaim its ATH for a while.
Stacks is a Bitcoin layer-2 network that enables Bitcoin to be programmable (smart contracts, applications) while still being anchored to Bitcoin’s security. Ali co-founded the project in 2017.