Aptos Labs CEO Mo Shaikh Resigns, Continues to be Strategic Advisor on Board Major dump
Mo Shaikh, co-founder of Aptos Labs, which supports its layer 1 blockchain, has announced his resignation as CEO. However, he will remain with the company as a strategic advisor to the board. In a detailed post on X, Shaikh stated that he is stepping down “to start a new chapter.”
“Over the coming months, I plan to take some much-needed time to reflect on where the world is headed and to think deeply about the ways financial systems can evolve to continue to push Aptos as the most established layer 1 in the space.” Aptos’ co-founder and CTO Avery Ching will take over as CEO “to drive the company into its next phase of growth.”
“I leave Aptos Labs with the utmost confidence in the team, and strongly believe the talent and drive of Aptos Labs will bring our collective vision to life in the near future.”
Shaikh expressed that one of his true passions is creating new projects like Aptos from the ground up.
Aptos, a layer-1 blockchain, utilizes a unique blockchain programming language called Move, originally developed for Facebook’s ‘Diem’ project.
Shaikh also acknowledged the contributions of Aptos’ partners and investors, including Google, Microsoft, a16z, Coinbase, MasterCard, and PayPal.
In June, Shaikh joined the Commodity Futures Trading Commission’s (CFTC) digital asset subcommittee, where he will help shape regulatory rulemaking regarding cryptocurrencies.
Aptos’ APT Token Experiences Bearish Trend The Aptos blockchain has been performing well recently, with several new partnerships. Last month, the firm partnered with Circle and Stripe to enable seamless transfers across 8 blockchains, enhancing DeFi interoperability.
Aptos also added former Grayscale Investments CEO Michael Sonnenshein and OpenAI Chief Product Officer Kevin Weil to its advisory board.
Following Shaikh’s resignation, the APT token experienced a bearish trend, dropping by 1.97% and currently trading at $11.65 at press time.
The US job market showed mixed signals in the final months of 2024. In November, the economy added 227,000 jobs, surpassing expectations of 200,000. This growth was driven by sectors such as healthcare, leisure and hospitality, government, and social assistance. Despite the positive job growth, the unemployment rate edged up slightly to 4.2% from 4.1% in October, partly due to more people entering the labor force.
December's jobless data presented a different picture. Initial jobless claims unexpectedly fell by 22,000 to 220,000 for the week ending December 14, indicating a gradual cooling in labor market conditions. However, the overall trend showed volatility, making it challenging to get a clear view of the labor market's health. The unemployment rate remained steady at 4.2%, consistent with November's rate. The labor force participation rate edged down to 62.5% from 62.6%, and the employment-population ratio fell to 59.8% from 60%.
Several factors influenced the jobless data in these months: Economic Resilience: The US labor market showed resilience, supported by strong consumer spending and low layoffs. Federal Reserve Policies: The Federal Reserve's interest rate cuts aimed to support economic growth. Sectoral Performance: Specific sectors like healthcare and hospitality continued to drive job growth, while manufacturing faced challenges.
In conclusion, the US job market in November and December 2024 exhibited both strengths and weaknesses. Monitoring these trends will be crucial for understanding the broader economic outlook as we move into 2025. #USJoblessClaimsFall
Bitcoin (BTC) has always been a focal point in the cryptocurrency market, and its trading pair with Tether (USDT) is no exception. As we look ahead, several factors could influence the future movements of BTCUSDT. Here’s a detailed analysis of what to expect. Current Market Sentiment As of now, Bitcoin is trading around $106,823. The market sentiment is relatively neutral, with the Fear & Greed Index showing a score of 74, indicating greed1. This sug
we can take entry in Solana at the support level of 92.
many People are asking to mention tp also. my followers I will share support area of a coin then you can exit on your own choice when you think it is a good time to exit. I think support zone is enough to tell because we can exit somewhere in profit in our own choice.
If btc breakout and sustains above then we can see btc at 46k. You have to keep an eye on whether it gives a fakeout. There is a possibility of giving a fakeout.
Solana coin (SOL) is a cryptocurrency that powers the Solana blockchain, a fast and scalable platform for decentralized applications (DApps) and smart contracts. Solana coin has been one of the best- performing cryptocurrencies in 2024, reaching an all-time high of $259.96 on November 6, 20231. As of February 6, 2024, Solana coin has a market capitalization of about $42.4 billion and a price of about $97.14.
Whether Solana coin can make you a millionaire depends on several factors, such as how much you invest, when you buy and sell, and how the market conditions change. There is no simple or definitive answer to this question, as investing in any cryptocurrency involves risks and uncertainties. You should do your own research and analysis before making any investment decisions.
However, to give you a hypothetical example, let's assume that you bought 10,000 SOL on January 1, 2024, when the price was $87.761. This would have cost you $877,600. If you held your SOL until February 6, 2024, when the price was $97.141, your SOL would be worth $971,400, giving you a profit of $93,800. This is not enough to make you a millionaire, but it is a decent return on your investment. However, if you held your SOL until November 6, 2023, when the price was $259.961, your SOL would be worth $2,599,600, making you a millionaire more than twice over. Of course, this is assuming that the price does not drop significantly in the meantime, which is not guaranteed.
Please note that this is just an illustrative example and not a prediction or recommendation. The past performance of Solana coin does not indicate its future performance, and the price can fluctuate unpredictably. You should always be prepared for the possibility of losing some or all of your investment. #Write2Earn #TrendingTopic #TradeNTell $SOL $
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Solana recorded a bullish cross this week and the price surged. If this momentum continues, a breakout becomes very possible. Resistance at $104 is the only thing left before SOL reaches a new high.
2. Breakout Soon?
Yesterday, the price tried to break above $104, but after briefly succeeding, sellers again pushed SOL below the key resistance. Nonetheless, this is a bullish signal indicating serious buyers.
3. MACD Bullish Cross Confirmed The daily MACD made a bullish cross on Monday, and the histogram recorded another high today. This confirms a bullish bias, and higher levels are likely.
Biased
The bias for SOL is bullish.
Short Term SOL Price Prediction Resistance at $104 may not be able to withstand this buying pressure for long. If it breaks out, Solana has an open path to $126, which was its previous high.
Binance Unveils Pyth Network (PYTH) Listing: New Trading Pairs Galore!
In a major move, Binance, the crypto giant, is gearing up to list Pyth Network (PYTH) on February 2, 2024, at 12:00 (UTC). Brace yourselves for a quartet of exciting spot trading pairs: PYTH/BTC, PYTH/USDT, PYTH/FDUSD, and PYTH/TRY. #Write2Earn #PYTH #TradeNTell Stay tuned#TrendingTopic #JUP $BTC $ALT $JUP
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First control Your emotions Second Learn about it. ..#Write2Earn Third never give up...#LearnWithNeverGiveUp Then jump into Trading ... You will get that. which for you struggle......#TradeNTell
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