Aptos Labs, a blockchain company founded by former Meta employees

Aptos Labs, a blockchain company founded by former Meta employees, has raised $150 million in a new funding round led by FTX Ventures and Jump Crypto. Despite the current market downturn, the company has raised an astounding $350 million so far this year with this funding round. Aptos plans to use the proceeds from the financing to build “the world’s most robust security and production-ready blockchain.” The company will also focus on developing a blockchain that provides a “reliable foundation” for Web3 applications, ready to carry billions of users around the world in the future. For more news about Aptos, check out the ” New L1/L2 Opportunities ” section.

btc entity adjusted unspent price distribution

Losses in the main cryptocurrency market have been compounded by the ongoing debate over how weak economic indicators will affect the Federal Reserve’s inflation-fighting strategy. The largest cryptocurrency by market cap failed to hold onto last week’s gains, falling 7% as holders took profits near $23,000. At the time of writing, BTC’s market cap is consolidating in the lower part of the $21,000 range after losing 3.3% in the past 24 hours. A bearish trend line is forming with resistance near $21,900 on the hourly chart of BTC. If BTC fails to break above this level, a downside test of support near the $2-20,500 range is likely.

On-chain metrics show increased demand for transactions in the $20,000 range, with a high volume of transaction activity observed recently. Although holders face significant outstanding losses, “old coins” older than six months continue to appear in the recent reallocation of bitcoin. A node of concentrated supply near the psychological $20,000-$40,000 mark will act as solid price support once the market’s follow-up moves become clear.

On the other hand, ETH, the second-largest cryptocurrency by market capitalization, extended its losses further, falling 7% over the same period, and is now below $1,500. Most major altcoins are in the red, with NEAR and MATIC leading the downside correction with a drop of nearly 10% over the same period.