Crypto Weekly Roundup: Celebrations, Setbacks, ICO Highlights, and Airdrop Alerts

Dear Readers,

The week kicked off on a positive tone as Bitcoin experienced a surge, surpassing the $42,000 mark. This upward trend was primarily fueled by Bitcoin achieving a milestone by exceeding $40,000 for the first time in 19 months on December 3. Despite this noteworthy accomplishment, Bitcoin is currently in a phase of partial consolidation and is presently being traded at $41,762, with a market cap of $817 billion.

Concurrently, Ethereum, the second-largest cryptocurrency by market cap, has sustained a consistent momentum, registering a 0.40% increase from yesterday and is currently trading at $2,226.80.

Highlights Of The Week

• Taiwan's Financial Supervisory Commission (FSC) in exploratory phase for allowing crypto ETFs, considering global market analysis.

• Phoenix Group, a cryptocurrency mining firm, goes public on Abu Dhabi Securities Exchange (ADX) as one of the first in the Middle East.

• BlackRock, the world's largest asset manager, secures $100,000 seed funding for its spot Bitcoin ETF in October 2023.

• Hashdex anticipates the first U.S. spot Bitcoin ETF by Q2 2024, followed by a spot Ether ETF.

• Riot Platforms buys 66,560 mining rigs from MicroBT in a major hash rate expansion ahead of the April 2024 Bitcoin halving.

• IRS's Criminal Investigation Unit notes an uptick in digital asset reporting investigations.

• Coinbase's "Stand With Crypto" campaign aims to unite 2024 U.S. presidential candidates for discussions on blockchain and digital assets.

• El Salvador's President Nayib Bukele reveals $131 million cumulative Bitcoin investments, yielding a net profit of $3.6 million (2.84%).

Top Weekly Gainers

In the volatile domain of cryptocurrency, infamous for its inherent unpredictability, discerning traders exhibit the capability to identify weekly frontrunners that present enticing opportunities for financial growth. Through embracing a proactive mindset and meticulously observing market trends and price fluctuations, investors can exploit these advantageous moments, potentially restructuring their investment strategies to realize optimal results.

Terra Classic (LUNC) has emerged as the frontrunner among the top weekly gainers in the cryptocurrency market. Experiencing an astounding 153.13% surge, LUNC has seen its value climb from a low of $0.00009414 to the current price of $0.0002383. The trading volume for LUNC has followed suit, skyrocketing from $380.16 million to $1.05 billion over the past week. Terra is a blockchain protocol using fiat-pegged stablecoins for stable global payments.

ORDI (ORDI) has also made a remarkable impact on the market with an impressive 153.93% change in price, moving from $19.65 to $49.90. This surge in value is accompanied by a substantial increase in trading volume, which has surged from $147.27 million to an eye-catching $1.14 billion within the week. This rise corresponds to Bitcoin's increasing value, contributing to its growing popularity in the cryptocurrency market.

IOTA (IOTA) has demonstrated significant growth, registering an 88.93% change in price from $0.1671 to the current value of $0.3157. Although the percentage increase is slightly lower compared to other gainers, IOTA's trading volume has surged from $7.19 million to $153.44 million. IOTA is unique—it's not a blockchain but operates on Tangle, a node-based transaction confirmation system.

Stacks (STX) has made a substantial impact on the market with a notable 76.61% change in price, rising from $0.6285 to $1.11 as both social activity and open interest (OI) experience a significant increase. The trading volume for STX has surged from $43.32 million to a significant $993.69 million.

Celestia (TIA) has exhibited positive movement, with a 49.08% change in price from $5.73 to $8.55. The trading volume for TIA has seen an uptick from $206.45 million to $423.49 million. Celestia is the inaugural modular blockchain network, allowing effortless deployment of personalized blockchains with minimal overhead.

Top Weekly Losers

In the perpetually tumultuous domain of the cryptocurrency market, there exists a blend of weekly champions and those weathering adversities, all subject to regulatory changes, market fluctuations, and unfavorable media attention. While grappling with losses can be a challenging phase, it presents a vital platform for traders and investors to evaluate their strategies, dissect the factors contributing to setbacks, and make well-thought-out decisions to guide their future investments towards success.

Acquire.Fi (ACQ) faced a significant setback in the past week, registering a substantial decline of 36.52%. Starting at a high price of $0.0368, the current price of ACQ now stands at $0.02336. The current trading volume for Acquire.Fi is reported at $297,459. Acquire.Fi aims to unite investing and Web3, creating a revolutionary wealth paradigm that transcends boundaries for the benefit of all.

BlockWallet (BLANK), a browser wallet that is private and non-custodial, also found itself among the top weekly losers, experiencing a decline of 36.48%. With a high price of $0.08078, the current price has fallen to $0.05131. The trading volume for BlockWallet during this period amounted to $111,777.

Waltonchain (WTC) witnessed a substantial decrease of 33.93% in the past week, moving from a high price of $0.07271 to the current price of $0.04804, with a trading volume of $6.86 million. Waltonchain is constructing an ecosystem that integrates blockchain, RFID technology, and the Internet of Things (IoT).

Adshares (ADS) experienced a comparatively milder decline of 19.6%, transitioning from a high price of $0.6371 to a current price of $0.5122. The trading volume for Adshares during this period reached $174,107. ADS coin functions as the digital advertising settlement for large-scale ad transactions spanning Web2, the Metaverse, and DOOH.

Maple (MPL) faced a decrease of 14.88% in the past week, with the high price of $21.10 declining to the current price of $17.96. The trading volume for Maple amounted to $1.74 million during this period. Maple is a decentralized corporate credit market providing transparent and on-chain financing for borrowers.

Hot ICOs to Watch Out For

Active ICOs

Stelsi

Stelsi entered the ICO arena on November 24 and is set to conclude its sale on December 06 with a fundraising goal of $150,000. Positioned as a 'B2E (Build to Earn) Project,' Stelsi stands out by encompassing the entire city construction process within the metaverse. Leveraging 3D development and production tools, notably the Unreal Engine, Stelsi aims to redefine the landscape of city construction, presenting a comprehensive and ambitious vision within the ICO space.

Finceptor

Finceptor commenced its ICO on December 04 and is scheduled to wrap up on December 11, having already raised $610,000 of its $910,000 fundraising goal. This project distinguishes itself as a multi-chain liquidity and community growth platform, particularly catering to both pre-launch and publicly-traded tokens through innovative mechanisms such as liquidity vaults and DeFi bonds.

Manilla Finance

Manilla Finance embarked on its ICO journey on September 01, with the campaign slated to conclude on December 25. Having secured $1,100,000 of its $4,300,000 fundraising goal, Manilla Finance introduces a Web 3.0 CeDeFi solution. Its primary focus is to enhance the way utility bills are paid using digital currency, addressing a fundamental aspect of financial transactions in a decentralized and efficient manner.

Upcoming ICOs

Script Network

Script Network is set to launch its ICO on December 11, concluding on December 16, with a fundraising goal of $1,250,000. Positioned as a layer 1 open source live TV platform, Script Network introduces a comprehensive protocol and storage network. By venturing into the realm of media and entertainment within the blockchain space, Script Network aims to revolutionize the delivery and storage dynamics of digital content, presenting a promising venture in the upcoming ICO landscape.

bitsCrunch

bitsCrunch, slated to kick off its ICO on December 14 and wrap up on December 15, sets a fundraising goal of $7,650,000. This project stands out as an AI-powered, decentralized NFT data platform designed to empower developers in the creation of reliable NFT applications (dApps).

GT-Protocol

GT-Protocol, with a launch planned for December (exact dates pending), envisions itself as a multichain protocol focused on DeFi investment pools management and decentralized copy trading on DEX platforms. With a fundraising target of $5,600,000, GT-Protocol aims to play a pivotal role in shaping decentralized finance (DeFi).

Ended ICOs

Bitago

Bitago's ICO, which commenced on November 28 and concluded on December 04, raised $2,300,000, meeting its fundraising goal. Positioned as a blockchain-based loyalty program, Bitago innovatively rewards customers with cryptocurrencies for their purchases, adding a novel dimension to customer loyalty initiatives in the crypto space.

Rebase

Rebase, another notable project, initiated its ICO on November 16 and concluded it on December 04, surpassing its fundraising goal with a $8,650,000 raised. Rebase distinguishes itself as an AR Adventure & Web3 lifestyle application, offering users the opportunity to explore, collect, and redeem exclusive digital rewards in the real world.

Work X

Work X, which started its ICO on November 24 and wrapped up on December 03, achieved a fundraising milestone with $250,000. Work X introduces a dynamic cost-covering fee model that aims to scale down costs through learning effects, and economies of scale and scope. The project's emphasis on optimizing costs and enhancing efficiency highlights its commitment to addressing practical challenges through blockchain technology.

Hottest Airdrops

Okto x QuickSwap

• Install Okto app from Google Play or Apple Store.

• Go to Okto Rewards Hub on the wallet's homepage.

• Get USDC tokens (Binance is an option).

• Deposit USDC into QuickPerps' QLP pool.

• Top 5 QLP depositors win:

• 1st: 1,800 USDC

• 2nd: 1,300 USDC

• 3rd: 800 USDC

• 4th: 400 USDC

• 5th: 200 USDC

• 50 users depositing 10 USDC, holding for 5+ days, can win 10 USDC each.

• Rewards sent to Okto wallets within 7 days post-campaign.

• For more info on the airdrop, check this article.

EtherMail

• Go to Undeads DMission airdrop page.

• Connect your wallet.

• Complete tasks to earn points.

• 2,500,000 UDS distributed based on points.

• Undeads NFT holders share 2,500,000 UDS.

• Undeads game players share 5,000,000 UDS with an Undeads or partner NFT.

• Visit Undeads website, connect wallet, and check earned points in the dashboard.

• Undeads NFT holders get Loyalty Points multiplied on the dashboard.

• Loyalty Points convert to UDS in February 2024, subject to market conditions.

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!