On September 12th, according to official news, Stacks established the Asia Foundation yesterday. The foundation will receive an initial grant of 15 million US dollars. The Stacks Asia Foundation is committed to building mutually beneficial relationships in key markets such as Korea, Hong Kong, Singapore, Japan, South East Asia, UAE, etc. The focus will include supporting strategic partnerships and programs of local builders, efforts to ensure liquidity and accessibility of key ecosystem assets. To drive TVL, regional visibility and user growth in the Stacks tier by supporting key Stacks ecosystem teams. It is reported that Stacks is about to hard fork at block height 861500 to activate the Nakamoto upgrade. The upgrade is expected to increase transaction speed from the current 10-30 minutes to 5-10 seconds.