Share this article
First Mover Americas: Aptos Rallies While Major Cryptos Trade Lower
The latest price moves in crypto markets in context for Sept. 25, 2023.
Updated Sep 25, 2023, 12:46 p.m. Published Sep 25, 2023, 12:46 p.m.
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.
Latest Prices
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Top Stories
A token that’s designed to fool users into thinking it's an authentic version of Aptos temporarily shut down services on Korean exchange Upbit for the APT token after some were able to deposit and cash out the counterfeit coin. According to on-chain data, the token, which originated from the airdrop scam site ClaimAPTGift.com, is held by approximately 400,000 wallets. On X (formerly known as Twitter), one user highlighted a bug on Upbit that caused the exchange to accept the fake tokens because it didn’t thoroughly check the underlying source code.
Aptos’ APT token was one of the only digital asset tokens trading in the green on Monday, rallying 10% over the past 24 hours. Bitcoin, the world’s largest cryptocurrency by market value, traded down almost 2% over the same time period. Chainlink’s LINK was the only other digital asset that gained on Monday, up 2% after a strong week last week. Looking forward, eToro analyst Simon Peters noted in a morning update that this week looks slow for cryptocurrencies due to few macroeconomic updates. “With little in the way of major macro updates this week, there is little to stir the market bar unplanned events,” said Peters. “The market is looking for signals to take a direction and has been moving fairly flat for some time now.”
On Friday at 08:00 UTC, a total of 1.217 million bitcoin and ether options contracts with a notional value of $4.8 billion will expire on leading crypto options exchange Deribit. Roughly 10% or 117,000 contracts out of the total are tied to bitcoin, while the rest are ether options. On Deribit, one options contract represents one BTC and one ETH. Options are derivatives that give the purchaser the right to buy or sell the underlying at a predetermined price at a later date. These derivatives contracts will be valuable or worthless depending on how the top two cryptocurrencies trade by the end of the week. Both seasoned traders and retail investors track monthly and quarterly options expiries, given their propensity to influence markets ahead of and following the settlement.
Chart of the Day
- The chart shows gaming and cryptocurrency trading platform Rollbit's revenue from casino games, sportsbook and futures trading has increased 10% or more in the past 30 days.
- The uptick in revenue contradicts the downtrend in Rollbit's RLB token. The cryptocurrency's price has decreased by 44% in the past four weeks, per Messari.
- "While Rollbit's revenue is steadily increasing, the token price is going down. $1.3M worth of RLB was bought back & burned only last week. I expect the RLB price to eventually catch up to the fundamentals," pseudonymous crypto analyst The DeFi investor said.
- Source: Rollbit.com
- Omkar Godbole
Trending Posts
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
