Crypto Weekly Rundown: Top Gainers, Major Dips, and ICOs to Watch

Dear Readers,

Bitcoin climbed on Tuesday following progress in the U.S. Senate on a significant bill aimed at regulating stablecoins, a move that suggests growing institutional backing for the crypto industry. At the same time, investors were focused on an upcoming vote regarding former President Donald Trump’s proposed tax cuts. Bitcoin rose by 1.88% to reach $105,161. Ethereum surged 5.34% to $2,533, and XRP increased 2.11% to $2.35. The total value of the global cryptocurrency market grew by 2.29% over the past 24 hours, reaching $3.33 trillion.

Highlights Of The Week

• Binance has requested a US federal judge to move a class-action lawsuit into arbitration, claiming users waived class-action rights under its terms. 

• JPMorgan CEO Jamie Dimon stated the bank will soon enable clients to buy Bitcoin, though it will not provide custody services for the cryptocurrency.

• The US Senate has advanced a key stablecoin regulation bill after earlier delays due to Democratic concerns over Donald Trump’s crypto involvement 

• Quantum Biopharma, a Canadian biotech firm, announced an additional $1 million investment in Bitcoin and other cryptocurrencies. 

• Crypto.com and Canary Capital are launching a US investment fund focused on the CRO token, native to the Cronos blockchain.

• Ripple has launched cross-border blockchain payments in the UAE, boosting the potential for crypto adoption in the region. 

Top Weekly Gainers

Due to its volatile nature and constant fluctuations, the cryptocurrency market presents challenges for many investors. Still, skilled traders are adept at spotting the Top Weekly Gainers with the potential to yield significant profits. By staying updated on market trends and price shifts, investors can capitalize on these chances and enhance their investment approaches for greater success.

Leading the charge is Alaya Governance Token (AGT), which surged by 123.53% over the past seven days, bringing its current price to $0.03113. The token witnessed a significant boost following Binance’s announcement of the 17th Token Generation Event (TGE) for Alaya AI’s AGT, targeting an initial $100,000 raise on the BNB Smart Chain. Trading volume for AGT has hit $24.3 million.

Maple Finance (SYRUP) also made notable progress last week, climbing 47.77% to a current price of $0.3634. With a trading volume of $93.74 million, Maple continues to build on its reputation as an on-chain asset manager backed by extensive experience in both traditional finance and crypto markets.

Next on the list is Frax (FRAX), which saw its price rise by 43.08%, reaching $3.80. As the scarce commodity asset of the Fraxtal blockchain, Frax has attracted considerable attention, with a $67.06 million trading volume reinforcing its strong market presence.

Mask Network (MASK) has also performed well, increasing by 32.27% over the past week. Now priced at $1.77, the token recorded a robust $178.37 million in trading volume. Mask Network enables users to send encrypted messages across platforms like X (formerly Twitter) and Facebook, underscoring its relevance in the privacy-focused crypto segment.

Rounding out the top five isAPX (APX),which gained 31.16%, bringing its current price to $0.07390. With a volume of $1.44 million, APX Finance continues to establish itself as a leading decentralized exchange (DEX) for crypto derivatives on the BNB Chain.

Top Weekly Losers

With its ongoing changes, the cryptocurrency market is full of stories of success and adversity. The Top Weekly Losers reveal the challenges of dealing with regulatory shifts, market uncertainty, and external scrutiny. Yet, this week provides a fresh opportunity for traders and investors to refine their strategies and work toward better results.

Leading the list of top losers is REVOX (REX), which saw its price drop by a steep 50.61%, now trading at $0.02140. Despite the sharp decline, REVOX.AI continues to focus on its vision of building a shared AI interface for Web3, offering modular, permissionless infrastructure to power decentralized AI applications. The token saw a trading volume of $29.45 million over the past week.

Next in line is Pi (PI), which experienced a 35.70% decline, bringing its current price down to $0.7323. With a trading volume of $168.16 million, Pi Network remains a prominent player in the space, offering a social cryptocurrency and developer platform designed for widespread accessibility and real-world utility.

Xterio (XTER) followed with a 31.95% drop, settling at $0.2497. Known for its global footprint in game development and publishing, Xterio saw a trading volume of $26.97 million, indicating continued interest despite market pressures.

Also taking a hit was AI Rig Complex (ARC), which declined by 28.22% to a current price of $0.06027. With a volume of $4.14 million, ARC remains committed to blending AI and Web3 technologies to strengthen decentralized ecosystems.

Rounding out the list is Pyth Network (PYTH), down 26.22% and now trading at $0.1331. As the largest and fastest-growing first-party oracle network, Pyth still managed to maintain a volume of $120.33 million.

Hot ICOs To Watch

Active ICOs

AI Dev Agent is currently hosting its IDO on Eesee. The sale began on May 19 and will run until May 20, with a fundraising goal of $50K. This platform allows users to tokenize their code, creating an innovative space for AI development.

Stabble has launched its Public Sale, which started on May 19 and will end on May 21, with a fundraising goal of $300K. It’s a decentralized exchange built on the Solana blockchain, using an Automated Market Maker (AMM) model similar to Uniswap, making it an exciting addition to the decentralized finance space.

Acurast is currently running its Public Sale, which started on May 15 and will end on May 22. With a significant fundraising goal of $5.4M, Acurast is setting the stage for a real decentralized compute network. This network is scalable, secure, and powered by phones, revolutionizing decentralized computing.

Upcoming ICOs

Tordes will be launching its IDO on Spores, with the sale set to begin on May 21 and end on May 22. The fundraising goal for this round is $150K. Tordess is the first on-chain proprietary trading protocol, offering real traders funded accounts without requiring collateral, drawing inspiration from traditional Web2 models.

DelNorte Terra Vision

DelNorte Terra Vision’s IDO on Kommunitas will start on May 22 and run until May 23, with a fundraising target of $200K. The platform introduces a patent-pending Real-World Asset (RWA) system designed to simplify and secure interactions between governments and citizens, making it a game-changer for public sector engagement.

FanX is set to launch its IDO on BSCS, with the sale starting on May 23 and ending on May 24. The fundraising goal is $200K. FanX is a Web3 platform that combines a decentralized exchange (DEX) with a launchpad specifically designed for intellectual property (IP)-focused projects, enabling creators and innovators to bring their ideas to the blockchain.

Ended ICOs

Stabull completed its IEO on ProBit, with the sale ending on May 16. The project raised $2.1M across three rounds. Stabull is a decentralized exchange optimized for stablecoins and Real-World Assets (RWAs), providing a robust platform for seamless trading.

aiSUI’s IDO on Coin Terminal concluded on May 15, raising $351K over two rounds. aiSUI is an AI-powered decentralized application (dApp) suite built on the Sui blockchain, allowing anyone to create, launch, and earn from smart agents in an innovative, decentralized environment.

Nexpace completed its airdrop on Binance, with the sale ending on May 15. It raised $100M in two rounds. Nexpace is a protocol that drives rewards within Intellectual Property (IP) ecosystems, creating a new economic layer that revolutionizes how IP is utilized and monetized.

Hottest Airdrops

BoxBet

• Visit the BoxBet platform.

• Create an account and complete verification.

• Go to the Lobby to start placing bets.

• Only casino slot bets count toward the leaderboard and airdrop.

• Track your betting volume in real-time on the leaderboard.

• Final snapshot determines your BXBT token rewards.

  Arch Network

• Go to the Arch Network campaign page.

• Link your Bitcoin wallet (e.g., Xverse).

• Earn XP by completing tasks (onboarding, daily, weekly, community).

• Invite friends to get 500 XP + 10% of their earned XP.

• A token is planned, as confirmed in their Whitepaper.

• XP holders are expected to receive a future airdrop.

• See their tweet for full campaign details.

  
  Best Regards,
  Crypto Recorder Team
  
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