Enormous $174 Million Worth of Tokens to Get Unlocked in October: SUI, IMX, APT

According to TokenUnlocks, a series of large-amount unlocks are slated for October, involving tokens like SUI, IMX, APT, APE, AXS and OP. The total unlock value for these tokens is estimated to exceed $174 million, a significant amount that could potentially impact the market dynamics of these assets.

Timeline of Aptos, Immutable-x, Sui

South Korea's leading cryptocurrency exchange, Upbit , is reeling from a colossal security breach that has rattled the global crypto community. This unsettling incident came to light on a fateful Sunday when Upbit's vigilant security systems detected a fraudulent deposit that had infiltrated its platform.

South Korea's foremost cryptocurrency exchange, Upbit, has encountered a significant setback following the detection of a counterfeit deposit on its platform. A duplicitous group of scammers managed to present a sham coin as the authentic Aptos (APT) token, leading to one of the largest digital currency security breaches in modern history.

A fake token made to look like the real Aptos caused trouble on the Korean exchange Upbit. It made the APT token stop working for a bit because some people managed to put in the fake coins and take out real ones.

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 21, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

In a significant leap towards simplifying the onboarding process for Web3 applications, the Sui Network has introduced a groundbreaking feature called zkLogin (Zero Knowledge login). This innovation enables users to access decentralized applications (DApps) without the need for external crypto wallets or seed phrases.

APT's on-chain metrics revealed low confidence in the bulls, hence low buying pressure. This could also be considered as a reflection of the weighted sentiment metric which has been hovering near its four-week low for since before mid-August.

Aptos total NFT trades count peaked at 5,751 in mid-June and recently dropped to single digit count. This underscored just how the slow market conditions have affected the network.

Key Points: The SUI coin has been hit hard, experiencing a staggering 65% price plunge since its mainnet debut over three months ago. Starting at a peak of $1.4, the coin's value has tumbled to a mere $0.5 at present, causing concerns within the crypto community.

The Web3 gaming platform developed by Immutable is now in its public testing phase, thanks to a joint effort with Polygon Labs. This collaboration has been in the works since March, following Immutables announcement about its alliance with Polygon Labs.

The world of Web3 gaming is set to undergo a significant transformation as Immutable, a renowned Web3 gaming platform, has announced the public testing phase of its Immutable zkEVM. Developed in collaboration with Polygon Labs, this Ethereum-compatible network promises to revolutionize the gaming landscape.