Crypto Weekly: Leading Gainers, Decliners, and Upcoming ICOs

Dear Readers,

On Tuesday, leading cryptocurrencies experienced modest gains. Bitcoin (BTC) fell by more than 0.61% over the last 24 hours, now priced at $63,834. In contrast, Ethereum (ETH) saw an uptick of 0.67%, trading at $2,662. Other altcoins also made gains, with XRP rising by 0.54%, Toncoin by 0.47%, Avalanche by 1.04%, and Shiba Inu by 1.10%. Overall, the global crypto market capitalization increased by 0.69%, reaching $2.24 trillion today.

Highlights Of The Week

• The Swedish Police Authority and the Financial Intelligence Unit have classified cryptocurrency exchanges as “professional money launderers” after analyzing unlicensed service providers.

• The U.S. Court of Appeals for the Third Circuit is scrutinizing the SEC’s denial of Coinbase’s request for crypto rulemaking, questioning its rationale.

• Green United LLC's attempt to dismiss an SEC lawsuit alleging its executives operated an $18 million fraudulent crypto mining scheme has been rejected.

•  Cryptocurrency asset manager 21.co announced the addition of Chainlink’s proof of reserve to 21BTC to enhance transparency regarding Bitcoin backing.

• The Celestia Foundation raised $100 million in a funding round led by Bain Capital Crypto, bringing its total fundraising to $155 million for its modular data availability layer protocol.

• Bitfarms and Riot Platforms have settled a governance dispute, resulting in board changes, including Andrés Finkielsztain stepping down and Amy Freedman joining the board.

Top Weekly Gainers

In the ever-evolving world of cryptocurrency, where volatility is the norm, adept traders shine by pinpointing the Top Weekly Gainers that offer substantial financial promise. By staying proactive and closely monitoring market dynamics and price shifts, investors can leverage these opportunities, potentially refining their investment approaches for greater success.

Reef (REEF) has emerged as a standout performer, currently priced at $0.004241, reflecting an impressive surge of 89.24% over the last seven days. With a trading volume of $39.24 million, Reef operates as a fast and reliable Layer-1 blockchain designed for decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming applications. Its high scalability and low-cost transactions make it an attractive option, especially since it supports Solidity and EVM, facilitating easy migration of decentralized applications (DApps) from Ethereum.

Bittensor (TAO) is another token that has garnered attention, soaring to a current price of $548.40, marking an 89.08% increase within the past week. The token's trading volume has reached $216.19 million, partly due to the recent endorsement from Wayne Vaughan, co-founder and CEO of Tierion. His mention of Bittensor on social media has sparked significant interest, driving demand for the token and contributing to its impressive price growth.

PAAL AI (PAAL) has also seen substantial gains, with its price rising to $0.2871, representing a 75.06% increase in the last seven days. The current trading volume stands at $4.57 million. PAAL AI operates on the Ethereum blockchain and offers unique benefits to its holders, including profit-sharing and token buybacks, which aim to enhance demand and overall value.

Arkham (ARKM) is making waves as well, currently priced at $1.54, after increasing by 53.71% over the past week. With a trading volume of $130.98 million, Arkham serves as a blockchain analysis platform that leverages artificial intelligence to deanonymize blockchain data, providing valuable insights into on-chain activities.

Lastly, CUDOS (CUDOS) has experienced a notable growth of 48.16%, currently trading at $0.01232. The trading volume for CUDOS is approximately $1.40 million. This decentralized blockchain network is focused on delivering sustainable and scalable cloud computing resources tailored for Web3 users and businesses. CUDOS provides both GPU-optimized and general computing virtual machines, making it ideal for DApps and AI workloads.

Top Weekly Losers

Each week, the evolving world of cryptocurrency showcases a mix of victories and setbacks. The Top Weekly Losers underscore the difficulties of dealing with regulatory shifts, market fluctuations, and media scrutiny. However, this week serves as a crucial chance for traders and investors to reconsider their tactics and work towards better outcomes.

To The Sun (SUNPUMP) has seen a significant drop, with its current price at $0.000414 after plunging 32.75% over the past seven days. The token, which trades with a volume of $1.62 million, is a meme cryptocurrency built on the Tron blockchain. Combining humor and community spirit, SUNPUMP embodies the whimsical idea of "pumping" straight into the heart of the sun, but it has struggled to maintain its momentum recently.

Amulet (AMU) is another token that has faced challenges, plummeting 30.87% to a current price of $0.01001. Its trading volume has reached $1.82 million. As the first Web3 platform merging investment with insurance, Amulet aims to empower users by offering built-in loss protection.

RabBitcoin (RBTC) is down 28.49%, now priced at $0.055694, with a trading volume of $8.45 million. Known as Rocky Rabbit, this innovative blockchain-based gaming platform seeks to revolutionize the gaming industry by integrating cryptocurrency rewards into engaging gameplay. Despite its potential, it has faced a downturn in value.

Bridge Oracle (BRG) has also experienced a decline, falling 28.28% to a current price of $0.0003485. The token's trading volume stands at $3.85 million. Operating on the BNB Chain, Bridge Oracle is a public oracle designed to facilitate smart contracts by providing secure and reliable real-world data.

PepeFork (PORK) has decreased by 25.12%, currently trading at $0.061361, with a trading volume of $1.62 million. This cryptocurrency draws inspiration from the popular Pepe the Frog meme and aims to blend elements of meme culture with decentralized finance (DeFi) features.

Hot ICOs To Watch

Active ICOs

Sonic

Sonic's initial coin offering began on September 19 and raised $12 million across three funding rounds. This innovative project features an atomic chain SVM specifically designed to power a sovereign gaming economy on the Solana blockchain. Sonic empowers developers to create unified and self-sustaining game economies that are intrinsically linked to the Solana network.

ChainGPT

Launched on September 4, ChainGPT has raised $1.91 million through nine funding rounds. This cutting-edge AI model is tailored to assist both individuals and businesses with all aspects of cryptocurrency and blockchain technology. ChainGPT serves as a comprehensive resource, providing guidance and insights to navigate the evolving crypto landscape.

Espresso Systems

Espresso Systems kicked off its ICO on August 30 and has secured $60 million in three funding rounds. This platform is designed to enhance rollups by offering credible neutrality and improved interoperability, while ensuring long-term alignment with the Ethereum ecosystem. Espresso aims to pave the way for scalable and efficient blockchain solutions, positioning itself as a vital player in the space.

Upcoming ICOs

MetaVirus

MetaVirus is set to launch its Initial Coin Offering (ICO) on DAO Maker from September 26 to September 30, with a fundraising goal of $100,000. This innovative Web3 game merges blockchain technology with immersive gameplay, offering players a decentralized, freely traded mobile pet game that enhances the gaming experience through the power of blockchain.

CratD2C

CratD2C will begin its ICO on September 30, having raised $340,000 in four funding rounds prior to this launch. This groundbreaking blockchain platform leverages Delegated Proof of Stake (DPoS) within a Layer-1 architecture, establishing a new benchmark for security, speed, and scalability in the blockchain ecosystem.

deBridge

The deBridge ICO is scheduled to begin on October 15, with a significant fundraising goal of $5.5 million across three rounds. deBridge aims to revolutionize the way assets are transferred by providing a cross-chain interoperability and liquidity transfer protocol. This solution facilitates truly decentralized asset transfers between various blockchains, enhancing connectivity and functionality across the crypto landscape.

Ended ICOs

Zephyr

The ICO for Zephyr concluded on September 15, raising $220,000. Zephyr is notable for being the world’s first prediction market built on the Solana blockchain, offering users a unique platform for engaging in predictive trading.

AutoLayer

Starting its sale on September 12, AutoLayer, formerly known as Tortle Ninja, raised $2.5 million across two funding rounds. As the leading LRTfi hub on Arbitrum, AutoLayer provides access to approximately 800 assets, 400 liquidity pools, 50 farms, and over 100 vaults and strategies, all aimed at optimizing Liquid Restaked Tokens (LRT) and enhancing user incentives.

RepoSwap

The ICO for RepoSwap ended on September 11, having raised $990,000 through three funding rounds. RepoSwap is a revolutionary DeFi platform designed to simplify token launches, improve liquidity provision, and empower community governance, making it a significant player in the decentralized finance space.

Hottest Airdrops

OWY

• Visit the OWY Gleam airdrop page to get started.

• Sign in with your email or Google account.

• Complete the initial task and provide your ETH wallet address.

• Engage in various social tasks available on the airdrop page to earn free entries.

• Don’t forget to refer friends for additional entries!

• There are 690,000 OWY tokens set aside for this airdrop, with rewards scheduled for distribution after the Token Generation Event (TGE) in Q4.

  ZAP

• Go to the ZAP website.

• Connect your wallet to the ZAP dashboard.

• Choose BASE on the Drops Landing page.

• Access Chapter 2 to view all available projects.

• Complete each mission for every project to maximize your XP and share in the rewards for each project.

• Join their Discord community to stay informed about announcements.

• Follow ZAP on X and enable notifications so you don’t miss any new missions or rewards.

  
  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!