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The company posted fourth-quarter profit of $37.7 billion, compared with $32 billion in the 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is Stacks price up 20% as Muneeb Ali becomes CEO?","url":"https://stock-news.laohu8.com/highlight/detail?id=2672557467","media":"cryptonews","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2672557467?lang=en_us&edition=fundamental","pubTime":"2026-10-01 17:49","pubTimestamp":1790848194,"startTime":"0","endTime":"0","summary":"Stacks price has jumped more than 20% in 24 hours to around $0.38 after founder Muneeb Ali was named Stacks Labs CEO, while the network prepares to expand its institutional Bitcoin staking program this month.Stacks jumped more than 20% after Muneeb Ali announced his return as Stacks Labs CEO.Genesis Bond participants bonded 230 BTC alongside 310,000 STX and earned 0.28 BTC in weekly rewards.Bonding Period 2 opens October 10 with 500 BTC capacity, more than doubling Genesis participation.Anchorage Digital is building custody support for institutions seeking self-custodial Bitcoin staking through Stacks network.STX faces 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Market valuations of chip stocks suggest supply tightness for memory chips will be short lived, Choe says. \"What this comment tells us is that a substantial portion of 2028 volume is already contracted.\" If chip makers have guaranteed demand through 2028, their valuations should be higher, the analyst adds. Micron shares edge down 0.3% 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Shares in the memory chip maker are up 0.1% premarket. Chief Executive Sanjay Mehrotra said the shortage of memory chips that are key for artificial intelligence should continue in the coming years. In Europe, shares of Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International edge 0.3% and 0.4% lower, respectively. BE Semiconductor Industries, the Dutch supplier of semiconductor assembly equipment, is down 0.6%. German chip maker Infineon Technologies' stock gains 0.5%. STMicroelectronics shares are down 0.3%. 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