{"id":442191,"date":"2023-09-25T08:54:50","date_gmt":"2023-09-25T08:54:50","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=442191"},"modified":"2023-09-25T08:54:50","modified_gmt":"2023-09-25T08:54:50","slug":"next-cryptocurrency-to-explode-monday-25-september-wall-street-memes-aptos-pepe","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-monday-25-september-wall-street-memes-aptos-pepe","title":{"rendered":"Next Cryptocurrency to Explode Monday 25 September – Wall Street Memes, Aptos, Pepe"},"content":{"rendered":"

The global crypto market capitalization dropped by 1.03% in the last 24 hours. The market is sinking deeper, based on <\/span>previous reports<\/span><\/a>. The latest data shows that the total market capitalization is $1.04 trillion.<\/span><\/p>\n

But despite the dip, the total crypto market volume surged to $21.04 billion in the last 24 hours. The rise is an impressive 41.18%. The decentralized finance sector contributed substantially, accounting for $1.96 billion or 9.29% of the total 24-hour trading volume.<\/span><\/p>\n

Meanwhile, stablecoins reached a combined $19.05 billion, representing a substantial 90.54% share of the total crypto market’s 24-hour trading volume. Any asset in both categories has a great chance of being the<\/span> next cryptocurrency to explode, depending on the market’s sentiment. <\/span><\/p>\n

Conversely, Bitcoin has a market dominance of 48.94%, experiencing a slight decrease of 0.21% over the day.<\/span><\/p>\n

On the <\/span>stock market<\/span><\/a> scene, Asian stock declined early Monday, majorly because of China’s performance. This decline followed last week’s reinforcement by central banks, signaling a long period of high rates. Furthermore, investors were preparing for inflation reports from the United States and Europe.<\/span><\/p>\n

Market observers closely monitor indicators to assess whether China’s economy is on a path to recovery. The upcoming week-long national holiday, commencing on Friday, is set to serve as a crucial test for consumer spending trends.<\/span><\/p>\n

Next Cryptocurrency to Explode<\/b><\/h2>\n

The Japanese Yen was nervous as it hovered close to the pivotal level of 150 to the US Dollar. This unease stemmed from concerns about potential intervention, especially in light of the Bank of Japan’s decision to maintain its accommodative monetary policy. <\/span><\/p>\n

1. Aptos (APT)<\/b><\/h3>\n

Upbit, a South Korean-based crypto exchange, has resumed Aptos (APT) deposits and withdraws after addressing a fraudulent APT token issue. It involved mistakenly identifying fake APT tokens as legitimate.<\/span><\/p>\n

Upbit temporarily suspended Aptos token services on Sunday due to an unusual deposit attempt. This led to a thorough examination of their wallet system.<\/span><\/p>\n

\"APT<\/p>\n

The problem was traced back to a recently created fake APT token known as “ClaimAPTGift.com,” which infiltrated approximately 400,000 Aptos wallets since its inception on September 21. This fake token was likely part of a typical token airdrop scam, where users receive tokens containing links that direct them to phishing websites.<\/span><\/p>\n

However, Upbit could not promptly verify the source code of these fake tokens, so they recognized them as genuine Aptos tokens. Consequently, several Korean users reported receiving APT tokens without initiating any transactions, according to Definalist’s report.<\/span><\/p>\n

The situation allowed those who sold the counterfeit APT tokens to profit from the heist. Upbit’s customer center has reportedly initiated the process of seeking refunds from users who sold these fake tokens.<\/span><\/p>\n

The issue has since been resolved, and as of 11:00 pm local time on Sunday, Upbit confirmed the resumption of Aptos deposits and withdrawals after completing a wallet inspection.<\/span><\/p>\n

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Curious about DeFi’s global impact? At the Aptos Summer AMA, @moshaikhs<\/a>, co-founder & CEO of @AptosLabs<\/a>, shared his thoughts on the evolution of finance and Aptos' future with Microsoft.<\/p>\n

Listen to the whole conversation here: https:\/\/t.co\/RVgEo7on8h<\/a> pic.twitter.com\/sHYZTtymA1<\/a><\/p>\n

— Aptos (@Aptos) September 22, 2023<\/a><\/p><\/blockquote>\n