Muneeb Ali will become CEO of Stacks Labs, with STX rising 10.9% in a single day

Muneeb Ali announced on X platform that he will serve as the new CEO of Stacks Labs. Stacks Labs is the operational center for the Stacks protocol, and Alex Miller has served as the interim CEO of Stacks Labs for the past year. Muneeb Ali expressed a higher level of optimism towards STX than before and will increase investment in the development of the Bitcoin capital market. Affected by this news, STX has risen by 10.9% in the past 24 hours.