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As Solana struggles to maintain dominance above the $150 mark, the broader market recovery hits the pause button as Bitcoin drops under $60K. Amid the Solana struggles, multiple top potential Solana killer coins are gaining momentum with an underground sentiment transition.
Aptos (APT) has seen a significant rise in demand over the past week, indicating a potential shift in market trends. This increase is reflected in the cryptocurrency's attempt to trade above its 20-day exponential moving average (EMA) and 50-day simple moving average (SMA).
As the crypto market keeps shifting, investors are always on the lookout for the next big win. With the current bullish trend in full swing, there's a lot of potential for some major gains.
DOT's 3.5% drop and SOL's 2.8% decline pull the index lower.
The cryptocurrency industry will unlock nearly $230 million in vested tokens this week, sounding an alarm to these diluted cryptocurrencies. These unlocks will happen after a volatile week, with most digital assets experiencing a massive crash in the price.
Aptos, a Layer 1 Proof-of-Stake blockchain, has recently witnessed a surge in its price despite broader market instability. A recent report highlights a significant increase in network activity, leading to speculation about the future potential of the Aptos price.
Aptos (APT) ‘s price experienced extreme bearishness, falling to $5.10 over the last couple of days and losing a key support floor.
TL;DR AIP-63 Launch: Aptos has officially launched the Coin to Fungible Asset Migration on its mainnet, introducing the new fungible asset standard, AIP-63, which replaces the traditional coin standard. Enhanced Functionality: The new standard allows for more seamless minting, transfer, and customization of fungible assets, significantly improving the Aptos ecosystem.
The talks centered on forming a new working group and Aptos Foundation becoming a Signer for Stacks. This partnership aims to boost Bitcoin development with innovations and resources, marking a major advancement in blockchain.
Recent developments suggest that we may continue to see more Aptos network activity but the question is, will it support APT's recovery?
The $10m fund by OKX Ventures and Aptos Foundation could significantly accelerate Web3 adoption and innovation in the blockchain space. The post OKX Ventures and Aptos Foundation launch $10m ecosystem fund appeared first on Crypto Briefing.
TL;DR Ecosystem Growth and Accelerator Program: OKX Ventures and the Aptos Foundation have launched the Ankaa fund, with a focus on nurturing projects within the Aptos blockchain ecosystem. Aptos: Bridging DeFi and Traditional Finance: Aptos is a Layer-1 blockchain using Facebook's Move programming language.
OKX Ventures and Aptos Foundation have announced a $10M fund to support the growth of the Aptos ecosystem and Web3 adoption.
OKX Ventures, the investment arm of OKX crypto exchange, and Aptos Foundation have initiated a $10 million accelerator fund for projects built on Aptos.
The Aptos Foundation announced the launch of USDY, a yield-bearing stablecoin backed by US Treasurys, on the Aptos blockchain, aiming to democratize finance. Yield-Bearing USDY Launches on Aptos The debut of Ondo US Dollar Yield (USDY), a stablecoin from Ondo Finance that bears a yield on the Aptos blockchain, was announced by the Aptos Foundation, which promotes development on the Aptos decentralized network.
"AI's integration with blockchain technology, especially on platforms like Aptos, is set to revolutionize the industry," said an OKX Ventures exec.
Aptos Foundation in collaboration with OKX's venture arm has announced a new $10 million fund to support projects on the blockchain.
The fund will be used to develop an accelerator program for projects built on Aptos.
As August approaches, notable token unlock events are expected to impact the market. BeInCrypto has highlighted the top five unlocks that could influence market dynamics.
The cryptocurrency market has recently experienced a downturn, but a recovery appears to be on the horizon for many altcoins. This shift in sentiment is creating opportunities for certain cryptocurrencies to achieve significant market cap milestones.
TL;DR Ondo Finance introduces USDY, the first Treasury-backed stablecoin on the Aptos blockchain. It offers a 5.3% APY yield and integrates with major DeFi protocols on Aptos. USDY is available on multiple platforms and can be stored in popular wallets such as Petra and Pontem.
Stablecoin issuers are becoming some of the largest buyers of United States government debt at a time of increased de-dollarization.
APT has been one of the market's better performers lately.
Aptos has recently experienced a significant surge in its stable coin holdings, marking an impressive increase of $39.5 million within a mere seven days. This surge not only highlights renewed investor confidence amid ongoing market fluctuations but also presents intriguing implications for Aptos' native cryptocurrency, APT.
