TL;DR Mo Shaikh, co-founder of Aptos Labs, resigns as CEO but will continue as the company's strategic advisor. The CEO position will be taken over by Avery Ching, co-founder and CTO of APT, to lead the company's next phase of growth. After Shaikh's departure, the APT token experienced a 12.4% drop, reaching $10.

In a significant leadership shift, Mohammad Shaikh, the co-founder and CEO of Aptos Labs, has announced his resignation to pursue new ventures. Avery Ching, the company's co-founder and Chief Technology Officer, will now serve as its CEO.

Aptos Labs undergoes leadership transition as co-founder Mo Shaikh steps down as CEO, with fellow co-founder Avery Ching taking over amid market response and continued platform development.

Digital assets traded largely in the red on Friday as Bitcoin failed to steady above $100K amid unwelcoming economic signals. The altcoin space continued to bleed, with most assets recording significant losses over the past day. Meanwhile, reports of Aptos Labs CEO quitting amplified APT's price volatility.

Mo Shaikh, co-founder of Aptos Labs leaves the company as CEO “to start a new chapter.” The post Aptos Labs CEO Mo Shaikh Resigns, Continues to be Strategic Advisor on Board appeared first on Cryptonews.

Mo Shaikh, CEO of Aptos, has resigned from his position. He named co-founder Avery Ching as his successor for the role.

Mo Shaikh, who co-founded the firm in 2021 alongside Avery Ching said he would stay on board at Aptos Labs as a strategic adviser.

Mo Shaikh, co-founder and Aptos Labs CEO, has announced his resignation from the company. Shaikh will step down as CEO but will continue as a strategic advisor.

Aptos Labs co-founder and CTO Avery Ching will assume the CEO position to helm the firm's upcoming growth phase.

Mo Shaikh, the co-creator of Aptos, is leaving his CEO post at Aptos Labs. Fellow company co-founder Avery Ching will step in.

The Aptos co-founder is sticking around as a strategic adviser, though.

The crypto market took a battering after Fed Chair Powell's speech at the FOMC meeting on Wednesday. However, Thursday has dawned brightly for the crypto market and a bounce is under way.

Aptos (APT) has shown impressive recovery in recent days, following a dip earlier in December. After finding solid support at the $10.26 level, APT's price has surged above $14, and there are growing expectations that it could continue its upward trajectory, potentially reaching as high as $19.

Tomarket has announced a significant change in its token launch strategy just days before the scheduled debut of its TOMA token.

Aptos ranked as the second-fastest growing ecosystem with a 96% increase in developer activity between Q3 2023 and Q4 2024.

Aptos Foundation, a leading global blockchain entity, has announced the opening of its new office in the Abu Dhabi Global Market (ADGM), reinforcing the UAE's status as a hub for blockchain and Web3 innovation.

Key Points:

In a somewhat atypical development in the cryptosphere, on Thursday a clutch of coins and tokens surged in price while the leading one sagged on the day.

Aptos (APT) price has risen nearly 15% in the last 24 hours, recovering strongly after its market cap dropped by $2 billion ahead of a $134 million token unlock. Despite recent bearish signals, such as a death cross formation and a 10% price decrease, APT is showing signs of a potential trend reversal.

Aptos, the fast-growing Layer-2 network, has rallied over the past four months, with technical indicators pointing to a potential 120% jump. Aptos (APT) reached $13.60 on Dec.

Aptos is one of the chains that has seen its fortune change the most in 2024 as it has made the best of the bull market. Just as L1 tokens and platforms were slowing down, Aptos managed to draw in all the elements it needed to become a growth leader.

Digital assets traded upward today as altcoins recovered from last week's double-digit declines on BTC's latest uptick past $98K. Meanwhile, Aptos (APT) remains in the woods after gaining over 5% over the past day. Ecosystem developments signal impending dips for APT from current levels.

Bitcoin (BTC) reported another plunge below $95,000 late on Tuesday, falling to a low of $94,435 before recovering and climbing back above $97,000. The cryptocurrency is up marginally over the past 24 hours, trading around the $97,500 mark.

By opening its Abu Dhabi office, the Aptos Foundation aims to tap into the UAE's forward-thinking policies and vibrant blockchain ecosystem to encourage innovation within the Aptos blockchain.

On December 6, Aptos (APT) boasted a market cap of nearly $8.25 billion. However, as of now, the market cap has plunged to $6.36 billion, shedding almost $2 billion in just five days.

Aptos Foundation is opening a regional office in Abu Dhabi in a bid to foster partnerships and support projects focused on the Aptos ecosystem.

Palo Alto, United States, 11th December 2024, Chainwire

Bitcoin is again outperforming, sliding just 3% back to $95,000.

The layer-1 blockchain, a descendant of Facebook's Libra/Diem project, attracted the likes of Stripe, Franklin Templeton and Blackrock in 2024.

The altcoin industry has signaled a major bull rally in the near term after consolidating in the past eight months.

Aptos (APT) has been gaining significant attention in the crypto world, with its recent surge past the $14 mark igniting discussions about the potential for further growth. Traders and analysts are now closely watching whether Aptos can continue its upward momentum and reach the $20 mark before the end of 2024.

Aptos added to its TVL over the past few months, but its development activity dropped.

Aptos surges past $14, with analysts eyeing $20 amid bullish momentum and key support holds.

Bitcoin and crypto are still generally on the up. However, some cryptocurrencies are showing indications that they are perhaps reaching a top.

Solana has become the top blockchain largely due to the success of the Raydium Protocol, which leads the decentralized finance (DeFi) space on Solana. Recent reports show that Solana has around 139.3 million active addresses and 5.9 million daily active users, indicating strong user engagement and growth.

Aptos wants to address the scalability limitations of other blockchains, co-founder and chief technology officer Avery Ching said at India Blockchain Week 2024.

Bitcoin (BTC) is back above $96,000 after suffering a slight pullback which dragged the price to a low of $93,645 late on Tuesday. The cryptocurrency is marginally up over the past 24 hours and is trading around the $96,500 mark, consolidating between $94,000 and $98,000.

Aptos co-founder Avery Ching said at the India Blockchain Week that controlling which content can be trained on by AI is something blockchain can help with.

The Aptos Network is starting December on a high note, showcasing remarkable network activity and growth. As most top blockchains experienced a slowdown at the end of November, Aptos maintained its upward trajectory, breaking multiple records.

Most on-chain activity is inefficient, with networks spending more for incentives than they receive in fees. Aptos, an early-stage L1 network, is the most inefficient, though it managed to grow its user base in 2024.

A recap of Aptos network's latest noteworthy growth, as well as evaluating APT's potential as December commences.

Token unlocks may heighten market volatility, impacting investor sentiment and potentially influencing long-term crypto market dynamics. The post Cardano, Jito, and Aptos set for $700M token unlock this month appeared first on Crypto Briefing.

Historically, December has been a strong month for the crypto market, and December 2024 could follow that trend, particularly for altcoins. BeInCrypto has identified key altcoins to watch as the year comes to a close.

Bitcoin (BTC) inched above $96,000 and reached an intraday high of $96,760 before declining to its current level of $96,300. Investors are eying the $100,000 level as the Thanksgiving holiday rolls in.

Echelon, a decentralized lending protocol on Aptos, has launched Echelon Chain, a debt-driven Move appchain. The appchain, built on Initia's Interwoven Stack, leverages Celestia's modular blockchain technology, the Echelon team announced on Nov. 28.

Aptos holds key support at $10.70, with technicals and on-chain data signaling a rally to $17.

Aptos (APT) is emerging as one of the most promising blockchain projects, especially in the realm of AI and decentralized finance (DeFi). As the cryptocurrency market continues to evolve, Aptos stands out with its innovative approach, robust funding, and an enthusiastic community of developers and investors.