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CoinOtag 2024-06-14 19:45:07

Bitcoin Reorg and Miner Issues Cause 12% STX Token Drop as Stacks Network Halts

Stacks, a layer-2 scaling network for Bitcoin, experienced an unprecedented interruption as block production halted for almost nine hours on Friday. The temporary stoppage resulted from a Bitcoin reorganization (reorg) alongside unexpected miner behavior, significantly impacting the Stacks ecosystem. The incident triggered a notable 12% decline in the STX token price within 24 hours, reflecting

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