tl;dr
The U.S. Commodities and Futures Trading Commission (CFTC) has appointed Aptos Labs CEO Mo Shaikh to its digital assets subcommittee, bridging traditional financial markets with the digital assets industry. The subcommittee, part of the Global Markets Advisory Committee, advises the CFTC on digital ...
The U.S. Commodities and Futures Trading Commission (CFTC) has appointed Aptos Labs CEO Mo Shaikh to its digital assets subcommittee, bridging traditional financial markets with the digital assets industry. The subcommittee, part of the Global Markets Advisory Committee, advises the CFTC on digital asset regulation with members from leading financial firms.
Shaikh's appointment adds legitimacy to Aptos, a Layer 1 blockchain, developed by former Meta Platforms employees. Aptos utilizes Move programming language and has secured $400 million in funding from venture capital firms. The company is set to release additional tokens valued at $103 million in June 2024 and plans to introduce a total of 105.63 million tokens into the market between May 2024 and October 2026.
The Digital Assets Markets Subcommittee, part of the Global Markets Advisory Committee (GMAC), plays a pivotal role in shaping the CFTC’s rulemaking on international trade and business. Established in 1998, the GMAC is composed of leading financial executives from major firms like Citadel, Goldman Sachs, and HSBC. The 34-member subcommittee includes notable executives from BlackRock, Polygon Labs, Uniswap Labs, and BNY Mellon. These industry representatives provide crucial advice to the CFTC, thus helping to navigate the complexities of digital asset regulation.
Shaikh’s appointment adds further legitimacy to Aptos, a Layer 1 blockchain launched in October 2022. The network was developed by former employees of Meta Platforms, Facebook’s parent company. Both Shaikh and co-founder Avery Ching previously worked on Facebook’s blockchain project, Diem, and later discontinued it in February 2022.
Aptos utilizes Move, the programming language initially developed for Diem, to power a blockchain network designed to process transactions faster than Ethereum. Aptos Labs has secured $400 million in funding from prominent venture capital firms, including Andreessen Horowitz and Jump Crypto. Moreover, next week, Aptos Labs will undergo a token unlock. Following its previous token unlock, Aptos will release an additional 11.31 million tokens, valued at approximately $103 million, on June 12, 2024.
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GameStop Corp Technical Analysis Summary
Company: GameStop Corp
Headquarters: Grapevine, Texas
Sector: Trade & Services
Industry: Retail-Computer & Computer Software Stores
Market Cap: $10.42 billion
Current Price: $1483.5
Dividend Yield: None
Price/Earnings Ratio: 0.02
EPS: 17.28
Beta: 0.0013
Volume: 5,272,800,000
Revenue: $6.38 billion
Operating Margin: 25.9%
Net Margin: -19.4%