Aptos (APT), a blockchain project that combines cutting-edge technology with an ambitious vision for the future, has been attracting significant attention in the cryptocurrency world. While it may not be as well-known as Bitcoin or Ethereum, Aptos stands out for its focus on scalability, low transaction costs, and its integration with artificial intelligence (AI).

Aptos, one of the most popular L1 blockchains outside the Ethereum Virtual Machine ecosystem, hit two adoption milestones in the first week of 2025. It celebrates the arrival of veteran DeFi Aave v3 on its testnet, while its largest IDO platform now supports native USDT.

Aave's testnet deployment on Aptos aims to assess V3's safety and performance, with mainnet launch pending governance approval.

Aave has deployed its third-generation lending protocol on the Aptos testnet as part of a 2025 expansion pack.

Aptos struggles to sustain momentum despite recovery signals and cautious optimism from traders.

Aptos (APT) is one of the top gainers on the day as bulls extend upside above the $10 level. CoinMarketCap shows Aptos's price has moved +5% in the last 24 hours to trade at highs of $10.47. The uptick has seen the altcoin's value move from the low of $9.

Cryptocurrencies remained on edge last week as Bitcoin struggled to move above the key resistance at $100,000.

Altcoins like FTX Token (FTT), PEPE, and Virtuals Protocol (VIRTUAL) are making headlines on the last day of 2024. FTT is up over 7% in the past 24 hours, driven by news surrounding its former CEO Sam Bankman-Fried.

Bitcoin (BTC) continued to slide despite signs of an attempted recovery reaching an intraday high of $94,804 during early trading hours before a rapid decline dropped it to a low of $91,788. BTC is trading at $92,317, down almost 1.33% in the past 24 hours.

The FTX Token has performed well this year, significantly outperforming other cryptocurrencies as attention shifts to the impending fund distributions FTX Token (FTT) was trading at $3.

FTX, the defunct crypto exchange, will start paying its creditors early next year, capping a process going on since 2022. These payouts may lead to upside in the cryptocurrency industry as recipients buy more coins.

The Aptos blockchain, known for its high-speed and low-cost transactions, has reached a significant milestone by processing 3.7 million transactions in a single day. With an impressive throughput of 3,700 transactions per second (TPS) and fees as low as $0.00005, Aptos is showcasing its potential as a scalable and efficient blockchain solution.

Aptos struggles with low development activity and social dominance despite record transaction milestones.

FTT's CMF has been below -0.05 consistently for the majority of the past year, showing no steady capital inflows.

A notable headwind rocked the cryptocurrency market on Thursday, driving down not only the sector's leading asset but a great many coins and tokens that tend to slipstream behind it.

Avalanche joined Aptos as worst performers, falling 6%.

FTT, the native token of the bankrupt crypto exchange FTX, is leading market gains today, surging by double digits in the past 24 hours.

Bitcoin (BTC) and other cryptocurrencies suffered a bloodbath over the weekend as markets dropped significantly. In just over 24 hours, BTC dropped from around $108,000 to its current level of $95,000, as the Fed's announcement about reducing rate cuts in 2025 hit the market hard.

Here is how some of your favorite assets concluded the week.

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.

Aptos faces pivotal resistance as traders watch for a breakout to sustain its rapid growth.

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.

The FTX collapse happened two years ago but is still a haunting memory for most crypto investors, especially the victims who lost their crypto holdings. However, with the lead elements behind the collapse facing the consequences, things were getting back in line, and as a result, the FTX token price has begun gaining strength.

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.

The altcoin market has displayed a significant uptrend this week. Following this, the FTX price experienced a jump of ~10% in 24 hours with a trading volume of $86.913 million.

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.