Crypto Weekly: Market Dips, Ethereum ETF Hopes, and Hot Airdrops

Dear Readers,

The cryptocurrency market exhibited mixed performance on Tuesday. Bitcoin, the leading cryptocurrency, dipped by 0.64% to $62,612, extending its decline since its mid-March record high near $74,000. The sector is eagerly awaiting the launch of exchange-traded funds (ETFs) tied to Ether, the second-largest cryptocurrency, which is currently down 1.23% at $3,434. Smaller altcoins displayed a more diverse performance, with Solana inching up 0.1%, Cardano surging 2.5%, and Dogecoin falling 2.4%.

Highlights Of The Week

• Binance.US prepares for legal battles with the SEC, signaling readiness for an extended period of legal discovery.
  

• The Cardano Foundation, in partnership with CCRI, released sustainability indicators for Cardano to comply with upcoming EU MiCA regulations.
  

• German Bitcoin miner Northern Data AG seeks an IPO for two entities in the U.S. at a valuation of up to $16 billion.
  

• Bitfarms increased its Bitcoin production by 21% in June while fending off a takeover attempt by competitor Riot Platforms.
  

• The SEC filed a lawsuit against Silvergate Capital Corporation, alleging it facilitated fraud at defunct exchange FTX.

Top Weekly Gainers

Navigating the tumultuous cryptocurrency landscape, known for its inherent volatility, skilled traders have a knack for identifying Weekly Winners that present promising financial prospects. By engaging proactively and keeping a keen eye on market trends and price shifts, investors can grasp these pivotal moments, potentially refining their investment techniques for optimal gains.

Blockasset (BLOCK) has been on a tear in the past week, surging over 75%. This project focuses on creating and managing sports-centric products, with a focus on community governance and rewarding its userbase. Despite the impressive gains, BLOCK's current price sits at a modest $0.13, making it an interesting option for investors seeking high-growth potential. The current volume for BLOCK is $725,378.

GAMEE (GMEE)

GAMEE (GMEE) has also seen significant growth, soaring over 44% in the last seven days. This play-and-own mobile gaming platform boasts over 75 million users globally and positions itself as the biggest game publisher on Telegram. With a current price of $0.028, GAMEE could be an attractive entry point for those interested in the play-to-earn gaming space. The current volume for GAMEE is $1.77 million.

Kava Lend (HARD) gained over 41% in the last week. HARD powers Zignaly, a marketplace connecting users with experienced portfolio managers. Notably, Zignaly is recognized by major exchanges like Binance and Bybit. With a current price of $0.11, HARD could be an option for those interested in decentralized finance (DeFi) projects. The current volume for HARD is $12.27 million.

Ethereum Name Service (ENS) has experienced a strong week, growing over 37%. ENS is a well-established project that provides a distributed naming system on the Ethereum blockchain. This system aims to improve the readability and usability of crypto addresses. ENS currently sits at a price of $31.84 and has a current volume of $201.26 million.

LayerZero (ZRO) jumped over 36% in the last seven days. This project focuses on interoperability between different blockchains, allowing for smoother communication and transfer of data across various crypto networks. LayerZero's current price is $3.79 and has a current volume of $482.88 million.

Top Weekly Losers

Each week in the rapidly changing cryptocurrency arena brings forth stories of both achievements and challenges. Participants must navigate regulatory developments, market fluctuations, and heightened media attention, arriving at a crucial stage. Despite these setbacks, this week gives traders and investors a key opportunity to review strategies and set a course for success. Several cryptocurrency tokens experienced significant downturns this week.

Cream Finance (CREAM), a decentralized lending protocol in the DeFi space, took a major hit this week, plunging 35.74% in price. Despite offering financial services to individuals and institutions, CREAM's price fell to $46.04 with a current trading volume of $1.76 million.

Turbo (TURBO), the first ever memecoin created by AI,  experienced a decline of 29.97% this week. The token, which began as an experiment, currently sits at $0.004185 with a trading volume of $70.99 million.

DeFinder Capital (DFC) also faced a rough week, dropping 27.9% in price. DFC, whose goal is to become the leading community within the TON ecosystem, currently trades at $0.9892 with a trading volume of $2.95 million.

DMAIL Network (DMAIL), a blockchain-based email platform, witnessed a 23.16% price drop this week. DMAIL, which offers communication, asset management, and data storage functionalities, currently trades at $0.3262 with a trading volume of $6.14 million.

Kava Lend (HARD) followed the downward trend this week, plummeting 23.18% in price. HARD, which allows users to lend and borrow cryptocurrencies, currently trades at $0.1005 with a trading volume of $2.94 million.  Some speculate that its addition to Binance's Monitoring Tag List might have contributed to the price decline.

Hot ICOs To Watch

Active ICOs

Zeta Markets

Zeta Markets is currently running an Initial Coin Offering (ICO) that began on June 27th and is set to conclude on July 4th. In just three rounds, they've managed to raise $13.5 million. Their project focuses on creating a crypto perpetuals exchange built on the Solana blockchain. This exchange aims to combine the advantages of both centralized and decentralized exchanges by offering the speed and user-friendly experience of centralized platforms alongside the self-custody and transparency of a public blockchain.

Conduit

Conduit launched its ICO on June 25th, and the sale's end date is yet to be announced. They've raised $44 million across three rounds. Conduit is a crypto infrastructure platform designed to streamline the deployment of production-ready OP Chains on Optimistic Ethereum. Their platform takes care of managing scalability, reliability, and upgrades for these chains.

Symbiotic

Symbiotic's ICO began on June 11th, and like Conduit, there's no confirmed end date for the sale. So far, they've garnered $5.8 million in two rounds of funding. Symbiotic is building a generalized shared security system. This system allows decentralized networks to bootstrap powerful and fully independent ecosystems.

Upcoming ICOs

Astroon

Astroon is gearing up for their Initial DEX Offering (IDO) on KingdomStarter. The sale kicks off on July 5th and concludes on July 6th, with a fundraising goal of $100,000. Astroon is an exciting project that merges captivating animated content with interactive gaming experiences, all powered by blockchain technology.

Ethora

Ethora, a decentralized options trading platform, is set to launch its IDO on Spores. The sale will take place from July 25th to 27th, aiming to raise $150,000. Ethora seeks to revolutionize the options trading landscape by offering a secure and transparent platform built on blockchain technology.

Unibit

Unibit is an upcoming IDO on GameFi (date to be announced) with a fundraising target of $350,000. Unibit is a two-sided bridge that simplifies cross-network transfers between tokens on the BRC20 standard and those built on the Ethereum Virtual Machine (EVM).

Ended ICOs

Blast

Blast, a project focused on Layer 2 (L2) scaling solutions for the Ethereum network, wrapped up its Initial Coin Offering (ICO) on June 26th. This fundraising effort raised a total of $20 million across just two rounds, showcasing strong investor interest in Blast's technology. The project aims to provide users with native yield generation capabilities for both Ethereum (ETH) and various stablecoins within the L2 environment.

Promodex

Promodex, a blockchain-powered platform designed to revolutionize programmatic promotion, concluded its ICO on July 1st. This eight-round offering garnered a total of $918,000, signifying a promising start for the project. Promodex seeks to bridge the gap between campaigners and promoters by creating a transparent and efficient marketplace built on blockchain technology.

Natix Network

The Natix Network, a captivating project aiming to build a real-time map of the world, concluded its ICO on July 1st, 2024. This crowdsourced camera network leverages blockchain technology to create a comprehensive and decentralized global map. The project's ICO raised an impressive $13.1 million across five rounds, indicating significant investor confidence in Natix Network's vision.

Hottest Airdrops

Voi Network

• Visit the Voi Network Questing platform to explore available quests.

• Download the Kibisis Wallet; this is required to receive the upcoming airdrop.

• Earn Voi points by:

• Participating in Galxe Quests.

• Running a node.

• Interacting with projects within the ecosystem.

• Collect enough points to qualify for the airdrop, which will be distributed after the mainnet launch later this year.

Catalyst

• Go to the Catalyst website.

• Connect your wallet to the platform.

• Switch your network to OP mainnet and sign the required message.

• Trade and provide liquidity to earn free eggs.

• Create a referral link and invite friends to earn additional free eggs.

• Catalyst hasn't launched its own token yet, but it's likely they will in the future. Collecting eggs now could make you eligible for an airdrop if a token is launched.

• For more details about the reward system, check out the official guide.

 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!