Crypto Insights Weekly: Exploring Triumphs, Setbacks, ICO Patterns, and Airdrop Updates

Dear Readers,

On Tuesday, Bitcoin (BTC), the most established and highly valued cryptocurrency globally, experienced a decline, falling below the $43,000 threshold. Other prominent cryptocurrencies such as Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) showed marginal fluctuations in both gains and losses. As of the current moment, the global cryptocurrency market capitalization is $1.65 trillion, reflecting a 0.07% increase in the past 24 hours.

Highlights Of The Week

• Binance launches a $5 million bounty to uncover information on potentially corrupt staff following accusations of crypto token listing front-running due to leaks.

• EigenLayer's TVL surges by $1 billion in 8 hours after temporarily removing staking cap from its Ethereum-based liquid restaking protocol.

• Ethereum co-founder Vitalik Buterin and Ethereum Foundation explore five options to reduce Ethereum's maximum block size for a rollup-centric roadmap.

• Former Terraform Labs CFO Han Chang-joon extradited from Montenegro to South Korea, identified as J.C.H., according to a police statement.

• Vast Bank, claiming to be the first US bank allowing crypto transactions alongside traditional banking, shuts down its mobile crypto banking app and exits the crypto industry.

• ProShares, a major issuer of Bitcoin ETFs, sees no threats from the launch of spot Bitcoin ETFs in the United States, as per a senior executive.

• Ethereum Name Service (ENS) and GoDaddy partner, enabling the Web3 community to link .eth names to traditional Web2 domains at no extra cost.

• Spanish Ministry of Finance aims to expand control over monitoring cryptocurrencies, seeking authority to seize digital assets to settle tax debts.

Top Weekly Gainers

In the ever-changing realm of cryptocurrency, acknowledged for its innate instability, perceptive traders demonstrate an ability to identify weekly frontrunners loaded with promising opportunities for financial growth. By adopting a proactive mindset and closely tracking market trends and price fluctuations, investors have the potential to capitalize on these advantageous moments, potentially transforming their investment strategies for optimal results.

Arcblock (ABT) leads the pack with an astonishing 341.53% increase in just a week, currently priced at $1.28 with a trading volume of $64.32 million. ArcBlock positions itself as a comprehensive blockchain 3.0 platform, facilitating the effortless development, deployment, and management of decentralized applications. Current Price: $1.28

Following closely is LootBot (LOOT), experiencing a surge of 218.75% and priced at $1.55, accompanied by a volume of $2.66 million. LootBot functions as a Telegram bot streamlining on-chain interactions and providing a user-friendly interface for numerous chains, enabling automated tasks like Airdrop Farming.

ZetaChain (ZETA) demonstrates an impressive week, soaring by 126.98% and currently valued at $1.25, backed by a substantial volume of $66.64 million. ZetaChain distinguishes itself as a novel L1 platform with built-in chain-agnostic interoperability, supporting various chains such as EVM-compatible, Cosmos/IBC, Bitcoin, Dogecoin, and Tron.

Only1 (LIKE) emerges as a notable performer, jumping 94.21% in a week, with a current price of $0.04718 and a volume of $1.44 million. As the first NFT-powered social media on Solana, Only1 enhances user-creator connections on the most scalable blockchain to date.

Stride (STRD) completes the lineup, witnessing a 49.87% increase in value, currently trading at $5.75, with a volume of $2.04 million. Positioned as a multichain liquid staking zone on the Cosmos Blockchain, Stride enables users to stake IBC-compatible tokens, receiving stTokens in return, redeemable at a 1:1 ratio for the original token.

Top Weekly Losers

Amidst the ongoing volatility within the cryptocurrency domain, a mix of winners and those encountering obstacles emerges weekly, all adapting to the consequences of regulatory shifts, market fluctuations, and critical media scrutiny. Despite the hurdles posed by losses, this marks a crucial point for traders and investors to appraise their approaches, dissect the components causing setbacks, and make deliberate decisions to steer their upcoming investments towards prosperity. In this week's cryptocurrency market, various tokens faced noteworthy declines.

Jupiter (JUP) takes the lead with a substantial 66.50% decline in just one week, currently priced at $0.5358, trading with a volume of $240.70 million. Despite being recognized as one of the industry's most advanced swap aggregation engines, Jupiter faces challenges in providing essential liquidity infrastructure for the Solana ecosystem amidst the current market conditions.

Wen (WEN) closely follows, experiencing a notable 65.19% decrease in value within the week, priced at $0.00004539, with a trading volume of $18.97 million. Wen, a pioneering project on Solana introducing the first community coin with a fractional NFT framework, encounters a setback in its mission.

FTX Token (FTT) demonstrates a 37.47% decline in a week, trading at $1.71 with a volume of $14.14 million. As the native cryptocurrency token of the FTX derivatives trading platform, FTT grapples with challenges amid market fluctuations.

Multichain (MULTI) experiences a 39.17% decrease in value within the week, currently priced at $1.53, with a volume of $10.88 million. Binance's recent announcement about the delisting of Multichain (MULTI) adds to the challenges faced by this asset.

Altlayer (ALT) concludes the list with a 27.44% drop in value, currently trading at $0.3074, with a volume of $155.49 million. Despite being an open and decentralized protocol for rollups, AltLayer faces challenges amidst the complex dynamics of the cryptocurrency market, even with its innovative Restaked Rollups approach.

Hot ICOs To Watch Out For

Active ICOs

Icon.X World, with its sale initiated on February 2 and set to conclude on February 8, has raised $700,000 out of its $1,420,000 fundraising goal. Pioneering a Web3 e-sport platform, Icon.X World specifically focuses on car racing.

Lends, another ongoing ICO that began on February 2 and ends on February 8, has achieved significant traction, securing $3,630,000 out of its $3,820,000 target. Lends introduces a decentralized lending and borrowing marketplace, empowering users to deposit assets and leverage them through synthetic USD loans.

Lastly, Ta-da, which started its ICO on January 18 and concludes on February 9, has amassed $3,450,000 in funds, nearing its $4,550,000 goal. Ta-da's platform aims to foster seamless interactions between AI companies and users, enhancing the overall experience for both parties involved.

Upcoming ICOs

Meson.Network is set to kick off its sale on February 8, concluding on February 9, with a fundraising goal of $12,250,000. Pioneering a transformation in Web3, Meson Network aims to establish a streamlined bandwidth marketplace through a blockchain protocol, challenging traditional labor-based sales models.

Following closely is Style Protocol, initiating its sale on February 15 and concluding on February 17, with a fundraising goal of $1,720,000. Style Protocol is dedicated to bringing monetization and utilization to virtual assets across games, metaverses, and virtual worlds.

Lastly, Overlay, starting its sale on February 29 and ending on March 01, seeks to raise $2,720,000. Overlay protocol distinguishes itself by offering users the ability to trade scalar, non-manipulable, and unpredictable data streams.

Ended ICOs

Sailwars, an NFT game that seamlessly integrates SLG strategy warfare, simulation management, plundering, PvP & PvE battles, and Alliance wars, completed its sale from February 2 to February 4, raising the targeted $500,000.

ZetaChain, a versatile project serving as both a layer 1 (L1) blockchain and a smart contract platform with inherent connectivity to all blockchains and layers, concluded its sale from January 30 to February 01, amassing $27,000,000.

IvendPay, an international payment service facilitating cryptocurrency transactions through various channels such as point-of-sale (POS) terminals, mobile apps, e-commerce platforms, API, and vending machines, reached its fundraising goal of $3,780,000 during its sale period from January 23 to January 28.

Hottest Airdrops

B² Network

• Go to B² Network Buzz airdrop page.

• Use invite code "IrsRO."

• Follow on Twitter, connect wallet, sign up.

• Deposit BTC, wBTC, USDT, USDC, ETH, BTCB, ORDI, SATS, MATIC.

• Withdraw bridged assets in April 2024.

• Earn yield and points based on staked assets and duration.

• Refer others for extra points.

• Collect parts to build mining rigs.

• Mine B² tokens in Buzz phase 3.

• 5% of total B² supply airdropped to participants.

• Explore Odyssey campaign for more tokens.

• Details in the Buzz airdrop Medium article

Mode

• Visit Mode airdrop page.

• Use invite code “wLoa0T.”

• Connect Twitter and wallet.

• Earn points based on past DeFi and NFT activity.

• Bridge ETH, USDT, USDC, or WBTC to Mode from Binance.

• Accumulate more points by bridging assets, with time-based rewards.

• Early bridgers get a 1.2x points boost in the first seven days.

• Refer friends, earn 16% of their campaign points.

• Use mentioned ecosystem apps for a 2x points boost.

• Points convert to MODE tokens at launch.

• Get more details in the airdrop article.

That's it for today. Thanks for reading. Good luck out there!

Best Regards,
Crypto Recorder Team

P.S Got a question, suggestion or general feedback? Feel free to reply to this email. I'll get back to you asap!Weekly Crypto Watch: Uncovering Winners, Losers, ICO Trends, and Airdrops