Crypto on the Rise: Bitcoin Soars, Top Gainers Shine, and ICOs Heat Up

Dear Readers,

The cryptocurrency market is on the rise today, with prices increasing significantly and investor excitement growing worldwide. Bitcoin has seen a substantial jump in value, reaching $59,000, while Ethereum and XRP have also performed well. Many other cryptocurrencies have doubled in price, although Solana has experienced some volatility. Bitcoin's value has increased by 1.22% in the last 24 hours and is currently trading at $58,975. The overall cryptocurrency market has grown by 0.94%, reaching a total value of $2.08 trillion.

Highlights Of The Week

• Curve Finance has announced the annual reduction of its native CRV token emissions.

•  Marathon Digital Holdings, a U.S.-based Bitcoin mining firm, will stamp the label “Made in USA” on all BTC blocks mined in the U.S.

•  DBS Bank has collaborated with Ant International to develop a new blockchain-based treasury and liquidity management solution.

•  The Canadian cryptocurrency trading platform ezBtc and its founder David Smillie have defrauded customers of $9.5 million, using the funds for gambling.

•  A U.S. appeals court has partially reversed the dismissal of a class-action lawsuit against Binance.US, which alleges unlawful manipulation of the Hex (HEX) token price.

•  The Grayscale Ethereum Trust (ETHE) has posted its first day of zero outflows, marking the end of continuous daily outflows as Ethereum and its layer-2 networks see a surge in onchain activity.

Top Weekly Gainers

Amidst the fast-paced and naturally volatile crypto market, sharp traders are adept at pinpointing Top Weekly Gainers that offer substantial financial growth opportunities. By maintaining active engagement and meticulously tracking market trends and price variations, investors can make the most of these prime chances, potentially refining their investment strategies for the most favorable outcomes.

Sui (SUI) has skyrocketed 71.33% in the past week, capturing attention as a potential game-changer in the blockchain industry. With a current price of $0.9794 and a trading volume of $737.96 million, SUI is demonstrating strong market interest. Its focus on security, power, and scalability positions it to meet the demands of global adoption.

SATS (1000SATS), a BRC-20 token honoring Bitcoin's creator, has soared 46.07% in the last seven days. Currently valued at $0.0003139 with a volume of 254.88 million, SATS is gaining traction among crypto enthusiasts.

Helium (HNT) is on the rise, with a 46.69% increase in the past week. Currently trading at $6.60 with a volume of $25.25 million, HNT's surge is attributed to its strategic partnerships with major U.S. carriers. These collaborations aim to leverage Helium's network for mobile traffic offloading, potentially revolutionizing the telecom industry.

Zcash (ZEC) has gained 42.07% in the past week, reaching a price of $41.71 with a volume of $99.13 million. Endorsed by industry heavyweight Tyler Winklevoss as "underrated," ZEC is gaining momentum as a privacy-focused cryptocurrency amidst increasing regulatory scrutiny.

TokenFi (TOKEN) has experienced a 40.44% increase in the last seven days, trading at $0.06303 with a volume of $11.47 million. This project aims to simplify the crypto and asset tokenization process, positioning itself as a leading platform in the growing tokenization market.

Top Weekly Losers

Every week in the ever-evolving crypto space, we witness stories of both achievement and failure. The Top Weekly Losers serve as a reminder of the challenges posed by regulatory shifts, market instability, and heightened media attention. Nonetheless, this week offers traders and investors a crucial moment to reconsider their strategies and pave the way to success.

Gifto (GFT), a pioneer in the crypto space with a strong track record of innovation, has suffered a significant setback. Down 50.58% in the past week, GFT's price now stands at $0.02168 with a trading volume of $13.3 million. Despite its contributions to the industry, including a leading crypto wallet and blockchain game, GFT has struggled to maintain its upward trajectory.

Augur (REP), a decentralized prediction market platform, has experienced a decline of 39.32% in the past week. Currently trading at $0.3868 with a volume of $467,549, REP is facing challenges in capitalizing on its concept of harnessing collective wisdom.

Veloce (VEXT), a governance and utility token for the VEXTVERSE ecosystem, has dropped 44.70% in the past week. Priced at $0.007373 with a volume of $886,384, VEXT is struggling to gain traction in the competitive GameFi market.

Cream Finance (CREAM), a decentralized lending protocol, has seen a more modest decline of 21.72% in the past week. Currently valued at $19.14 with a volume of $5.31 million, CREAM is facing challenges in the evolving DeFi landscape.

Openfabric AI (OFN), a decentralized Layer 1 AI protocol, has fallen 20.21% in the past week. Trading at $0.111 with a volume of $268,327, OFN is navigating the complexities of merging AI and blockchain technologies.

Hot ICOs To Watch

Astra Nova is a highly anticipated Web3 Action RPG currently in the fundraising phase. Having secured $4.19 million across six rounds, the ICO is set to conclude in Q3 of 2024. This immersive game promises to blend captivating storytelling, strategic gameplay, and innovative reward systems.

Symbiotic is another active ICO aiming to revolutionize decentralized networks. Launched in June, the project has already raised $5.8 million through two funding rounds. By offering a generalized shared security system, Symbiotic seeks to empower these networks to build robust and independent ecosystems.

Berachain has made a significant impact on the ICO market with its recent launch. This high-performance blockchain, built on Proof-of-Liquidity consensus, and compatible with the EVM, has garnered substantial investor interest, raising $211 million across four rounds.

Upcoming ICOs

EigenLayer is preparing for its Token Generation Event (TGE) scheduled for September 10th. This platform is focused on leveraging Ethereum's security through a novel restaking method. Having already secured $164.4 million in funding across four rounds, EigenLayer is generating significant anticipation in the market.

RepoSwap is set to launch its IDO on the Spores platform from September 9th to 10th. This innovative DeFi project aims to streamline token launches, enhance liquidity, and empower community governance. With a fundraising goal of $100K, RepoSwap is seeking to establish its position in the DeFi landscape.

CratD2C is another upcoming ICO to watch. This blockchain platform is combining Delegated Proof of Stake (DPoS) with Layer-1 architecture to deliver enhanced security, speed, and scalability. Having raised $340K in four funding rounds, CratD2C is poised to enter the market with a strong foundation and a promising value proposition.

Ended ICOs

Impact recently concluded its ICO on August 11th. This cross-chain bridge project focuses on connecting SVM chains, facilitating seamless asset transfers between these blockchain networks. Through its five funding rounds, Impact raised $480K.

Layer3 has completed its ICO on August 6th. This innovative platform is building a portal into the crypto universe with a strong emphasis on modular identity and attention. Having raised $17.5M across four funding rounds, Layer3 aims to redefine user experiences in the digital space.

Matr1x has wrapped up its ICO on August 5th. This next-gen web3 entertainment platform is creating a cyberpunk world through immersive, multi-episode games powered by creator DAOs. The project successfully raised $20M in funding across five rounds.

Hottest Airdrops

Shieldeum

• Go to the Shieldeum Airdrop Page.

• Log in using your Telegram, Google, or X (Twitter) account.

• Complete tasks such as following us on X and joining their Telegram group to start earning points.

• Check the live leaderboard to see your rank; the more points you earn, the larger your share of the airdrop will be.

• Invite your friends to earn additional points.

• The airdrop will be distributed after the Token Generation Event (TGE).

Bracket

• Head over to the Bracket website.

• Open the staking app from the site.

• Obtain your invite code from the Bracket Quest page.

• Pick the asset you want to deposit.

• Enter the staking amount you wish to contribute.

• If you're using ETH or wETH, you’ll need to SWAP it for one of the supported LST/LRT assets.

• Make your deposit and confirm the transaction.

• Once done, your staking is complete. Check your points on the leaderboard by clicking on [BARS].

• For more details, visit the project’sGitBook. Join the community by following onXandTelegram, joining theDiscord, and exploring theofficial website.

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!