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(BTC) pullback from its record high of $67,000 to below $60,000 has not deterred bulls from eyeing another peak level ahead, per an indicator that attempts to predict market bottoms and tops.

Dubbed MVRV, the risk metric represents the ratio of Bitcoin's market value to its realized value — similar to the price to book (P/B) ratio that compares a company's market value to its book value. In doing so, MVRV attempts to identify whether an asset is under or overvalued.

Stackswap will be the world’s first complete DEX and Launchpad on the Bitcoin Network. In one of its steps to do so, Stackswap announced its official completion of a private round. Specifically, the brand raised $1.3 million in the first round.

In detail, Stacks Foundation led the investment round. In addition, the round also saw participation from many other prominent investors. These include Genesis Block Ventures (GBV), HashKey, and SOSV. These early investors share a long-term vision of seeing Stackswap become the biggest DEX on Bitcoin.

More so, the platform is powered by Stacks’ PoX mechanism. It directly triggers the Bitcoin transactions on every block. To highlight, Stackswap will begin running on the Bitcoin Network this month. To add on, the Stacks mainnet will act as a layer-2 chain on top of the Bitcoin Network. In fact, it will bring smart contract functionalities onto the network. Stackswap stated,

European central banks have been ramping up their efforts to utilize distributed ledger technology (DLT), the foundation of blockchain, in central bank money settlements.

Banca d’Italia and Deutsche Bundesbank, the central banks of Italy and Germany, respectively, joined forces to work on settlements in central bank money of DLT-based asset exchanges.