Crypto Weekly: Market Rebounds, ICOs to Watch, and Hot Airdrops

Dear Readers,

The price of Bitcoin and other cryptocurrencies fluctuated on Tuesday after a major plunge on Monday. Investors are still uncertain about the impact of the upcoming distribution of refunded assets from the defunct Mt. Gox exchange. Bitcoin's value dipped 3.35% to $60,792 over the past day but managed to climb back after briefly falling below $60,000. The recent decline came after news that Mt. Gox's trustee will start returning over $8.5 billion worth of crypto to creditors in early July.

Ethereum, the second-largest cryptocurrency, saw a modest decline of 1.12% to $3,351. Unlike Bitcoin and Ethereum, smaller altcoins like Solana (up 5.94%), Cardano (up 2.64%), and Dogecoin (up 2.10%) all experienced price increases.

Highlights Of The Week

• Outflows from U.S. spot Bitcoin ETFs reached $1.3 billion in the last two weeks as Bitcoin's price declines.
  

• The Crypto Fear and Greed Index hit its lowest in nearly 18 months, dropping 21 points into the “Fear” zone on June 24.
  

• Iranian officials criticize the play-to-earn game Hamster Kombat, claiming it distracts from upcoming elections.
  

• Kanav Kariya, president of Jump Crypto, steps down amid reports of a CFTC investigation.
  

• Louisiana amends its legislation to ban CBDCs and set rules for miners and node operators, effective August 2024.
  

• Carole House, co-author of President Biden’s executive order on digital assets, returns to government work.

Top Weekly Gainers

Amid the ever-changing and inherently volatile cryptocurrency market, shrewd traders possess the ability to pinpoint Weekly Winners with significant growth potential. Through consistent participation and careful observation of market trends and price dynamics, investors can take advantage of these key opportunities, potentially enhancing their investment approaches for superior returns.

Mog Coin (MOG), a self-proclaimed memecoin with grander ambitions, is leading the charge this week with a surge of over 87% in the last 7 days. Despite its memecoin status, MOG aspires to be a revolutionary force in the cryptocurrency landscape. Nicknaming themselves meme pioneers, they aim to break the mold and push boundaries within the crypto space, all while leaving a trail of viral memes in their wake.

MAGA (MAGA) is not missing out on the gains either, rising over 58% in the last week. Currently priced at $0.0003018 with a trading volume of $73.58 million, MAGA positions itself as the digital currency that's making crypto great again. They describe themselves as a revolution wrapped in a joke, all existing within a blockchain.

Locus Chain (LOCUS) is another big gainer this week, up 45.03% over the past seven days. Its current price sits at $0.02453 with a trading volume of $2.87 million. Locus Chain has set its sights on becoming the most widely used next-generation layer 1 public blockchain protocol, aiming to achieve both full decentralization and scalability at the same time.

SingularityNET (AGIX), a well-established player in the crypto space, has also seen significant growth this week. AGIX is currently priced at $0.7091 with a trading volume of $154.58 million, reflecting a 38.94% increase over the last 7 days. SingularityNET is a blockchain-powered platform that allows anyone to easily "create, share, and monetize" AI services through its globally-accessible AI marketplace.

Fetch.ai (FET) rounds out the list of impressive performers this week, rising 38.59% over the past seven days. FET's current price is $1.68 with a trading volume of $321.02 million. Speculation surrounding a potential collaboration with Injective (INJ) is partly attributed to FET's notable performance.

Top Weekly Losers

The ever-shifting cryptocurrency landscape unveils weekly narratives that showcase both victories and obstacles. Key players face regulatory adjustments, market instability, and intense media focus, reaching a critical juncture. Even with these setbacks, this week presents traders and investors with an important chance to evaluate strategies and plan for future success. Noteworthy drops were seen in multiple cryptocurrency tokens during the week's events.

Petoshi (PETOSHI) has seen the steepest decline this week, plunging 27.65% over the past seven days. Despite its global traction and partnerships, the web 3 engagement chrome extension seems to be facing a downturn. Currently priced at $1.25 with a trading volume of $1.27 million, it will be interesting to see if Petoshi can recover from this setback.

Maha (MAHA) has also declined significantly this week, down 23.52% over the past seven days. Currently priced at $0.942 with a trading volume of $245,467, MAHA is a platform that is releasing ARTH, a decentralized non-depreciating algorithmic token. The token's value is derived from a basket of uncorrelated assets, with the relative weights automatically adjusted by buying and selling in response to price changes.

Dynex (DNX) is another big loser this week, down 23.08% over the past seven days. Currently priced at $0.5386 with a trading volume of $3.11 million, DNX is the world's only accessible neuromorphic quantum computing cloud for solving real-world problems.

Abelian (ABEL) has also seen a significant decline this week, plummeting 24.72% over the past seven days. Currently priced at $0.1059 with a trading volume of $515,659, Abelian is a Layer 1 Blockchain system that is quantum resistant and privacy preserving.

Rainmaker Games (RAIN) rounds out the list of losers this week, falling 22.08% over the past seven days. Currently priced at $0.0009987 with a trading volume of $1.95 million, Rainmaker Games is a free global platform to play hundreds of games.

Hot ICOs To Watch

Active ICOs

CratD2C

First up is CratD2C, which started its offering on March 8th, 2024, and will continue until September 30th. They've raised $300,000 across four funding rounds so far. CratD2C positions itself as a revolutionary platform in the blockchain space, merging the security of Delegated Proof of Stake (DPoS) with Layer-1 architecture to create a new benchmark for speed, scalability, and security.

zkSync

Next, zkSync launched its ICO on June 17th, 2024, with a closing date set for July 16th. In just seven rounds, they've managed to raise a staggering $458 million. zkSync is a trustless protocol built on zkRollup technology, aiming to bring scalable and low-cost payments to the Ethereum network.

Symbiotic

Finally, Symbiotic's ICO began on June 11th, 2024, with the closing date yet to be announced. They've secured $5.8 million across two rounds of funding. Symbiotic offers a novel shared security system, allowing decentralized networks to establish robust and independent ecosystems.

Upcoming ICOs

Blast

Blast is gearing up for its Token Generation Event (TGE) on June 26th, 2024. This L2 solution offers native yield for Ethereum (ETH) and stablecoins, making it an attractive option for investors seeking returns on their holdings. They've already secured $20 million across two funding rounds, demonstrating strong pre-launch interest.

xRaise

xRaise is set to launch its ICO on June 26th, 2024, with the sale concluding on June 29th. This project combines a smart contract wallet with a suite of gaming-focused SDKs (Software Development Kits) designed specifically for dApps (decentralized applications) and games. With a fundraising goal of $1.2 million, xRaise aims to revolutionize the way developers build and integrate functionalities within the gaming space.

Promodex

Mark your calendars for Promodex, a blockchain-based platform facilitating programmatic promotion between campaigners and promoters. Their ICO will be held from June 29th to July 1st, 2024, with a target of raising $150,000. Promodex has the potential to streamline the promotional landscape by offering a transparent and efficient way to connect brands with potential customers.

Ended ICOs

Minterest, a decentralized lending protocol with a unique economic model, concluded its ICO on June 24th, 2024. They managed to raise $12.02 million across three funding rounds, indicating strong investor interest in their innovative approach to lending.

LayerZero, a project building a unified messaging protocol to enable communication across different blockchains, wrapped up its ICO on June 20th, 2024. Their offering garnered a massive $263.3 million over five rounds, showcasing significant support for their vision of a more interconnected blockchain ecosystem.

Base Mafia, a platform focused on nurturing the growth of meme coins on the Base chain, finalized its ICO on June 20th, 2024. They secured $400,000 in three rounds, demonstrating a potential market for meme coins within the Base chain's environment.

Hottest Airdrops

The Beacon

• Visit the Beacon quest page.

• Log in with your Twitter account.

• Start completing quests to earn Prestige Points.

• Follow them on Twitter to get 100 points.

• Create your account by connecting your wallet to get another 100 points.

• Sign up with the referral link for a 100-point bonus.

• Complete additional quests to earn more points.

• Earn 3% of the points from each referral.

• Collect more points to achieve a higher rank.

• Top participants can secure a whitelist spot to mint the “Writ of Passage NFT”.

• A small token allocation will be distributed among ranks.

• Phase One participants will share 150k ARB tokens.

• Unlock chests with points to receive more rewards.

• Rare medallions in chests result in larger token allocations.

• Complete the main quest line to enter the whitelist raffle and qualify for token allocation.

• Phase One ends on June 30th; Phases Two and Three are for Writ of Passage NFT holders.

• Secure your whitelist spot in Phase One for future rewards.

• Whitelist winners can mint the Writ of Passage NFT by late June/early July.

• For more details, see the official article.

Blackwing

• Go to the Blackwing airdrop page.

• Input the referral code “frebtc”.

• Link your Twitter, provide your email, and join the Telegram group (optional, earn up to 60 BXP).

• Connect your wallet and switch the network to Ethereum, Arbitrum, or Binance Smart Chain.

• Click “Deposit” and add supported tokens (WETH, USDC, sUSDe, rswETH, eETH, rsETH, weETH, ezETH, WETH, USDC, weETH, ezETH).

• Earn XPs as BXP by depositing tokens.

• Receive 10 BXP for each referral who registers with your link and deposits at least $10.

• Gain an extra 10% of the BXP your referrals earn.

• Blackwing plans to airdrop tokens to users who accumulate BXPs in the future.

• Visit the BXP campaign page for more details.

 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!