Stacks Network’s STX Token Jumps 50% While Bitcoin Struggles Amid Seesawing Fed Rate-Hike Bets

In July, Dorsey said Square would launch a platform for developers to create “decentralized finance” projects built on bitcoin. At Twitter, Dorsey spearheaded Bluesky – a project aimed at turning the social media company into a decentralized protocol. According to Platformer’s Casey Newton, Twitter’s new CEO, Parag Agarwal, has been among executives most focused on cryptocurrencies and central to chasing Dorsey’s dreams.