HashKey Cloud joins Stacks Bitcoin staking launch
Stacks (STX)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that HashKey Cloud joined Stacks as a launch partner for self-custodial Bitcoin staking on September 7. The agreement assigns HashKey Cloud to the inaugural Genesis Bond and the signer network securing sBTC. Stacks founder Muneeb Ali presented the collaboration during an event in Hong Kong alongside Cactus Custody.
HashKey Cloud manages approximately HK$29 billion in staked assets and operates infrastructure across more than 40 blockchain networks. The Genesis Bond is expected to begin around September 10, though Stacks has not confirmed an exact activation time or final capacity. The first cohort includes institutional participants such as 21Shares and UTXO Management.
This product allows institutions to earn BTC-denominated rewards without transferring Bitcoin to a centralized custodian. Bitcoin committed to the bond remains visible on the base blockchain, allowing observers to inspect timelock transactions independently. Stacks uses Proof of Transfer, where miners commit BTC to compete for block production and distribute rewards. The new PoX-5 design requires participants to timelock BTC on Bitcoin and lock STX on Stacks for a bond term of approximately six months.
How the market reacted
Whalio's own Binance spot order flow for STX, measured when this story was written up on 8 September 2026. Not the outlet's figures.
STX is trading at $0.2771 with a 24-hour buy ratio of 48.1%, indicating a slight preference for selling pressure over the full day. However, the 1-hour buy ratio has risen to 57.4%, suggesting that buying interest is building in the immediate short term compared to the 4-hour ratio of 50.4%. The 24-hour volume delta is negative at -$132,136, meaning more volume was sold than bought over the last day, while the 1-hour delta is positive at +$8,584. This shift indicates that recent trades have been net buying, contrasting with the broader daily outflow. The cumulative volume delta closed at +$221,740, showing that net buying has occurred for 16 of the last 24 hours.
The latest daily buy ratio of 51.8% sits at the 61st percentile of the last 324 days, against a median of 50.8% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for STX, averaged over the days leading up to the story.
Over the preceding week, STX saw a 7-day average buy ratio of 51.3%, making today’s 24-hour ratio of 48.1% 3.2 points lower than the weekly norm. Trading volume was 1.47 times the average, marking this as an unusually active day compared to typical daily measurements. The price increased by 10.3% over eight days, with a total volume delta of +$246,062 for the period. While the immediate hourly flow is bullish, the daily and weekly metrics show a divergence from the recent upward trend in volume and price stability.