First Mover Americas: Altcoins Start the Week in the Red

(CoinDesk)

This article originally appeared in , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. .

(CoinDesk)

Ripple’s XRP token has dropped over 5% in the past 24 hours, falling below $0.50 for the first time since July 13. In Ripple’s legal fight with the SEC, the U.S. regulator said Friday it needed to appeal a judge’s decision in July that the blockchain firm had not violated securities law in making XRP available to retail investors. Altcoins across the board are in the red to start the week, with XRP among the worst affected. The CoinDesk Market Index (CMI) is at its lowest point since mid-June. Bitcoin, meanwhile, continues the sideways movement it has experienced since the start of the month, down around 0.5% at $25,670 at the time of writing.

Decentralized exchange Sushi has expanded to layer-1 blockchain Aptos, making it accessible on a network that is not compatible with the Ethereum Virtual Machine (EVM) for the first time. Given that Sushi has more than seven times the amount of value locked as the entire Aptos blockchain, the expansion gives the network potential to attract fresh capital inflows and rival other non-EVM chains like Solana, Mixin and Osmosis. “This expansion to Aptos not only unlocks a new level of deep liquidity across major blockchain networks but also significantly elevates the cross-chain trading experience,” Sushi said in a statement.

(Bitcoinity)