HashKey Cloud joins Stacks Genesis Bond pilot with time-locked BTC
Stacks (STX)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that HashKey Cloud will deploy Bitcoin into Stacks, becoming the second institution in the network’s Genesis Bond pilot. Stacks founder Muneeb Ali announced the move via X on August 27, confirming the Asian infrastructure provider's participation. HashKey will time-lock Bitcoin on the base layer while retaining custody of the principal and its keys.
The institution will pair this locked position with STX tokens valued at roughly 5% of the committed Bitcoin amount. This structure keeps the asset outside of lending agreements or third-party custody arrangements during the bond term. Stacks aims for an annualized yield of about 3% from Bitcoin committed by its miners, though payouts remain variable based on STX and miner economics.
HashKey’s specific allocation size has not been disclosed to the public. The total Bitcoin committed is expected to become visible on-chain when the bond begins around September 10.
How the market reacted
Whalio's own Binance spot order flow for STX, measured when this story was written up on 28 August 2026. Not the outlet's figures.
STX is currently trading at $0.2565 with a 24-hour buy ratio of 47.3%, indicating a slight imbalance toward sellers. The 1-hour buy ratio stands at 45.3%, showing that immediate selling pressure is stronger than the broader 4-hour ratio of 47.7%. Volume Delta reflects this trend, with -$14,077 recorded in the last hour and -$17,035 over the past four hours. Over the full day, the Volume Delta sits at -$199,486, while the Cumulative Volume Delta closed at -$139,953. These negative deltas mean that sell volume has exceeded buy volume, pushing the price down. Net buying occurred for only 13 out of the last 24 hours, confirming a day dominated by outflows.
The latest daily buy ratio of 57.9% sits at the 94th percentile of the last 281 days, against a median of 50.6% - among the strongest buying days it has had.
Twenty-four hours later
What STX did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for STX, averaged over the days leading up to the story.
The current 24-hour buy ratio of 47.3% is below the 7-day average of 50.5%, marking a 3.2-point drop in buying sentiment. Spot volume of $3,634,590 represents just 0.59x the average daily volume, indicating significantly reduced activity compared to the preceding week. While the coin saw a 75.6% price increase over the last eight days, today’s volume is less than half of the weekly norm. Net buying days have dropped to 4 out of 7, contrasting with the positive Volume Delta of +$306,896 recorded over that same eight-day period. This suggests that while the recent trend was bullish, today’s trading session is unusually quiet and bearish relative to the weekly average.