STX (STX) Makes History: The qualified offer for the second and the congressional call for clear coding rules | Flash news details

On May 8, 2025, Alex Miller, a prominent figure in the coded currency space, addressed the Congress with a convincing certificate about the stack (STX), as Munib Ali shared it on social media. Miller highlighted the chimneys as one of the oldest and largest programming, Bitcoin, focusing on its role in enabling smart contracts and decentralized applications on Bitcoin Blockchain. He proudly pointed out that Stacks is a project based in the United States, which is compatible with local innovation and organizational interests. Moreover, Miller stressed that the stack is among the few cryptocurrencies that will be launched with a qualified display from the SEC, which puts a precedent to comply with a mysterious organizational scene often. His main message to Congress was the urgent need for clear regulatory frameworks to support Blockchain project growth like stack while ensuring investor protection. This certificate comes at a critical turning point for the encryption industry, with the continued uncertainty in influencing market morale and institutional adoption. With the acquisition of Bitcoin and the associated with traction, these discussions in Congress can indicate potential transformations in politics that directly affect the encryption markets, especially for symbols such as STX, which are deeply associated with the ecological system of Bitcoin. The timing of this event is important, as Bitcoin hovers about $ 62,000 on May 8, 2025, at 10:00 am EST, which reflects an increase of 2.1 % in the previous 24 hours, according to data from Coinmarketcap, while STX witnessed a modest increase of $ 1.8 % to $ 2.15 over the same period.

The trading effects on Miller certificate are worth noting for encryption investors, especially those that focus on bitcoin assets. The stack (STX) can see increasing attention as the solution of the bitcoin layer 2 if the organizational clarity appears from these discussions. On May 8, 2025, at 12:00 pm EST, STX trading volume increased by 15 % to about $ 45 million via major stock exchanges such as Binance and Coinbase, indicating an increasing interest in following the news, CONINECKO reported. This increase in size indicates a possible STX’s short -term momentum, especially in trading pairs such as STX/USDT and STX/BTC, which recorded an increasing activity with a 3 % increase in the Binance demand book depth at 1:00 pm EST. From the perspective of the cross market, positive organizational emotions can also enhance the stability of the Bitcoin prices, which indirectly benefit STX due to its tied usefulness. However, traders should remain cautious about fluctuations, because organizational news often leads to sharp price fluctuations. For example, the Bitcoin price temporarily decreased by 0.5 % to $ 61,700 at 2:00 pm EST on May 8, before recovery, reflecting mixed market reactions on policy discussions. In addition, institutional attention can rise with bitcoin symbols if Congress refers to a favorable position, and possibilities may lead to STX and similar assets.

From the point of view of technical analysis, STX showed promising indicators after the test. On the graph for 4 hours, break STX above its moving average for 50 days, which is $ 2.10 at 3:00 pm EST on May 8, 2025, indicating a potential upward trend, as noted in Tradingvief data. It reached the RSI of STI 58, indicating a space for the bi -up movement before entering its arrest area. Meanwhile, RSI in Bitcoin was 62 years old, reflecting the continuous purchase pressure at 4:00 pm EST. The scales on the chain support this future view, as Stacks’s activity showed a 10 % increase in daily active addresses, reaching 25,000 on May 8, 2025, for all data from Glassnode. This height indicates an increased user sharing, which is often associated with price estimation. In terms of links to the market, STX has offered a strong 0.85 with Bitcoin last week, which means that price movements are strongly affected by BTC directions. Regarding the relationships in the stock market, Bitcoin and encryption shares such as Microstrategy (MSTR) also moved along, as MSTR reached 1.5 % to $ 1,250 by 11:00 pm EST on May 8, 2025, Yahoo Funds reported. This reflects wider feelings of risks among investors, and perhaps the flow of institutional funds to encryption assets such as STX. In the event of organizational clarity, we can see more compatibility between encryption markets and stock markets, creating commercial opportunities in both sectors.

In the context of institutional impact, Miller’s testimony can stimulate increased capital flows from traditional financing to encryption markets. With SEC’s Stacks’ Sentence as highlighting, founding investors may view STX as a safer bet compared to unorganized symbols. This can lead to a high trading volume in STX pairs and may affect the encrypted investment funds associated with bitcoin layers. As of 5:00 pm EST on May 8, 2025, Bitcoin ETF flows amounted to $ 120 million for today, according to Bloomberg data, indicating a sustainable institutional interest that can outperform STX. Traders must monitor the upcoming listening sessions in Congress and policy advertisements for more incentives, because these events can greatly affect market morale and risk appetite in both stock and encryption markets. Currently, the synergy between the stock market movements and the encoding assets is still clear, as the links through the market provide strategic entry and exit points for the various governor.

Instructions:
What is the importance of Alex Miller’s certificate for chimneys?
Alex Miller’s certificate on May 8, 2025 highlighted the chimneys as a major solution for the Bitcoin layer and a project compatible with the United States with a SEC qualification offer. This can attract the investor’s attention and potentially lead to favorable organizational results, which enhances the market position on STX.

How was the performance of the STX after the certificate news?
In the aftermath of the news on May 8, 2025, STX witnessed a price increase of 1.8 % to $ 2.15 by 10:00 pm EST and a 15 % increase in volume to $ 45 million by 12:00 pm EST, indicating an increase in interest in the market, according to CONINECKO data.