Crypto Market Update: Mixed Signals as Bitcoin Hesitates, Altcoins Rise

Dear Readers,

In a hesitant rebound, Bitcoin clawed back some of its recent losses on Tuesday. However, investor anxiety lingered due to potential increases in token supply. Ether, the world's second-largest cryptocurrency, outperformed Bitcoin with a sharper rise, fueled by speculation of an imminent spot exchange-traded fund. 

Bitcoin, which had been reeling from steep losses over the past two weeks, even dipping to a four-month low last week on concerns about token distributions from the defunct Mt. Gox exchange, appeared to be stabilizing for now. Over the past 24 hours, Bitcoin edged up by a modest 1.14%, reaching $57,821. Ether surpassed Bitcoin's gains, climbing 2.54% to $3,097.

Highlights Of The Week

• Paxful co-founder Artur Schaback pleads guilty: Faces up to five years in jail for conspiring to fail to maintain an effective Anti-Money Laundering (AML) program.
  

• DigitalX spot Bitcoin ETF approved: Becomes the second Bitcoin ETF to trade on the Australian Securities Exchange (ASX).
  

• Dubai Customs launches blockchain platform: Aims to reduce supply chain friction and support Dubai’s strategy to be a leading "smart" city.
  

• Ethereum announces first-ever hackathon: Features a $2 million reward pool, targeting the largest crowdsourced security audit of its codebase.
  

• Spot Solana ETFs pending SEC decision: Chicago Board Options Exchange (CBOE) files applications for VanEck and 21Shares’ ETFs with a decision expected by mid-March 2025.

Top Weekly Gainers

In the fast-paced and unpredictable realm of cryptocurrency, perceptive traders are adept at finding Weekly Winners that hold lucrative opportunities for financial advancement. Through active involvement and diligent monitoring of market trends and price variations, investors can seize these strategic moments, potentially revolutionizing their investment tactics for maximum benefit.

Leading the pack of this week's crypto gainers is GAMEE (GMEE), a play-and-own mobile gaming platform boasting over 75 million users globally and a whopping 9.2 billion gameplays, solidifying its position as the biggest game publisher on Telegram. The price of GMEE surged an impressive 44.20% in the last seven days, with a current price of $0.04037 and a trading volume of $1.98 million.

Hot on its heels is Horizen (ZEN), the governance and utility token for the Horizen network. This network is a zero-knowledge-enabled system of blockchains powered by the industry's largest node infrastructure. ZEN's price soared 43.00% over the past week, reaching its current price of $10.35. The trading volume for ZEN sits at $53.13 million.

Rainmaker Games (RAIN) also joins the ranks of top gainers. RAIN is the token for a free global platform offering hundreds of games, connecting gamers, games, and creators worldwide. This platform acts as a gateway to the world of gaming, allowing everyone to play, challenge, learn, and connect in new and exciting ways. The price of RAIN grew by 32.25% in the last seven days, reaching its current price of $0.0007265. The trading volume for RAIN sits at $2.16 million.

Chromia (CHR) adds its name to the list. CHR is a modular, relational blockchain platform that aims to simplify the process of building decentralized applications (DApps). With a current price of $0.2792 and a trading volume of $25.87 million, CHR experienced a 22.17% growth over the past week.

Finally, Cobak Token (CBK) rounds out the top gainers. CBK is an ERC20-based utility token used on Cobak, the largest app-based crypto platform with a daily active user count of 60,000 and a cumulative total of 300,000 app downloads. The price of CBK gained 19.20% over the past week, reaching its current price of $0.5867. The trading volume for CBK sits at $20.73 million.

Top Weekly Losers

In the ever-dynamic cryptocurrency market, weekly stories reveal both triumphs and difficulties. Individuals in this sector must deal with regulatory updates, market unpredictability, and unwarranted media attention, reaching an important moment. Despite these challenges, this week offers traders and investors a critical chance to analyze strategies and plan for success. Significant declines were observed in various cryptocurrency tokens over the course of the week.

Stader (SD), a middleware infrastructure that simplifies staking for Proof-of-Stake networks for various users, took the biggest hit this week among cryptocurrencies. The price of SD plummeted 36.49% over the last seven days, reaching its current price of $0.4044. The trading volume for SD sits at $2.29 million.

Node AI (GPU), a decentralized platform offering access to GPU and AI resources, also saw a significant decline. The price of GPU plunged 29.95% in the last week, reaching its current price of $0.5235. The trading volume for GPU sits at $1.48 million.

BVM (BVM) wasn't spared either. BVM, the first modular blockchain metaprotocol allowing users to launch their own Bitcoin Layer 2 protocols, witnessed a price drop of 29.37% over the past week. The current price for BVM is $0.5906, with a trading volume of $1.5 million.

Sylo (SYLO), a decentralized communication network, joins the list of losers. The price of SYLO fell 29.52% in the last seven days, reaching its current price of $0.001132. The trading volume for SYLO sits at $13.45 million.

Finally, Fantom (FTM), a smart contracts platform, rounds out the top losers with a price drop of 23.52% over the past week. It's worth noting that Fantom's losses are attributed to a recent exploit on Multichain, for which they are taking legal action. The current price for FTM is $0.4444, with a trading volume of $127.92 million.

Hot ICOs To Watch

Active ICOs

Injex Finance
Injex Finance is currently in the midst of its Community Round. The sale commenced on July 1st and will continue until July 31st. Injex Finance, designed as an aggregator to find the best rates and conditions for exchanging cryptocurrency assets, has already raised $553,000 across 3 rounds.

BitDoge
BitDoge, an innovative meme cryptocurrency that combines the lightheartedness of Dogecoin with the security and stability of the Bitcoin network, is in its presale phase. The sale began on June 24th and will run until August 15th. Thus far, BitDoge has raised $500,000 in a single round.

Ponder
Ponder is conducting an Initial DEX Offering (IDO) on WePad with a fundraising goal of $250,000. The sale kicked off on June 28th and will conclude on July 27th. Ponder's objective is to unify all blockchain types, including EVM and non-EVM blockchains, with a universal framework to address liquidity fragmentation. Additionally, the protocol simplifies restaking opportunities on EigenLayer.

Upcoming ICOs

Orbital7
July promises a flurry of exciting Initial DEX Offerings (IDOs). Orbital7, aiming to simplify digital asset creation and management on Bitcoin Centric Networks, will be launching their IDO on Decubate.  They are looking to raise $300,000, but specific dates for the sale haven't been announced yet.

Collector
Another intriguing IDO to keep an eye on is Collector. Built on the Solana blockchain, Collector seeks to revolutionize the online trading of physical collectibles like trading cards and stamps. Their goal is to raise $1.12 million, although the exact sale dates remain undisclosed.

Animalia
Finally, Animalia, a free-to-play online NFT trading card game featuring crypto-inspired creatures and gemstones, is gearing up for its second IDO round. With a fundraising target of $200,000, details regarding the sale dates are still forthcoming.

Ended ICOs

Talent Protocol
Talent Protocol, a web3 platform designed to empower creators, recently concluded its Initial Coin Offering (ICO) on July 5th. This platform allows creators to leverage tokens to bootstrap their careers, while fans can directly support the individuals they believe in.  The ICO proved successful, raising $1.7 million across 4 rounds.

Zeta Markets
Zeta Markets, another noteworthy ICO that recently closed, is building a crypto perpetuals exchange powered by Solana. Their goal is to offer the best of both worlds: the speed and user experience of a centralized exchange alongside the transparency and self-custody benefits associated with public blockchains like Solana. Zeta Markets concluded its ICO on July 4th, securing a significant $13.5 million across 3 rounds.

Well3
The social gaming platform Well3 also wrapped up its ICO on July 3rd. Well3 integrates advanced AI and blockchain technology to support users on their wellness journeys.  The ICO garnered significant interest, raising a total of $15 million over 3 rounds.

Hottest Airdrops

Super Champs

• Go to the Super Champs Rewards Program website.

• Register by linking your Metamask wallet and completing the signup process.

• Participate in various quests on your dashboard.

• Quests involve social activities, gameplay, and invite-based tasks.

• Gain Quest Points by finishing tasks and claim them on the dashboard.

• Quests are divided into Seasonal Quests, Special Limited Time Quests, and Daily Quests.

• Increase your points by owning the Genesis NFT from the Super Champs: Racket Rampage Genesis Collection.

• Redeem your quest points to compete for CHAMP tokens at the season's end.

Chirp

• Go to the Chirp airdrop page.

• Download and install the Chirp Tracker App on iOS or Android.

• Connect your SUI wallet.

• Perform various social tasks listed on the airdrop page.

• Earn free points by completing these tasks.

• This airdrop round includes an Egg NFT and a total of 100,000 CHIRP tokens.

• CHIRP tokens will be distributed after the Token Generation Event (TGE) in Q3.

• For more information, check out the official airdrop announcement.

 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!