From Boom to Bust: Tracking Crypto Triumphs, Failures, and New ICO Launches

Dear Readers,

Bitcoin edged down by 0.40% on Tuesday, settling at $94,662 after a subdued trading session. The decline followed broader macroeconomic pressures, including rising tariffs and recessionary fears, which weighed on the overall crypto market. Ether also dipped, losing 1.27% to close at $1,803, while XRP saw a steeper drop of 3.46%, falling to $2.10. In contrast, Four (FORM) stood out, climbing 5.98% to reach $2.48. The global cryptocurrency market capitalization slipped by 0.62%, landing at $2.94 trillion. 

Highlights Of The Week

• Bitcoin Core developers will remove a limit on arbitrary transaction data in the next upgrade, allowing for more efficient data inclusion. 

• Alex Mashinsky, ex-CEO of Celsius, criticized the government’s 20-year sentencing request as a "death-in-prison sentence" after pleading guilty to fraud in December 2024. 

• eToro aims to raise $500 million and achieve a $4 billion valuation in its planned US IPO on the Nasdaq. 

• Florida crypto legislation, House Bill 487 and Senate Bill 550, has been indefinitely postponed and withdrawn from consideration. 

• Tron network is nearing a return to the top spot in USDT circulation, surpassing Ethereum again following a major Tether mint. 

Top Weekly Gainers

This week’s standout performers in the crypto space include GOMBLE (GM), which surged by an impressive 206.85% to a current price of $0.05790, backed by a trading volume of $10.67 million. As a utility token, GM is poised to be the central asset uniting Gamers and Builders within the GOMBLE Ecosystem. 

AVA (AVA) also made significant strides, climbing 37.27% to $0.07791 with a volume of $17.31 million; it represents an autonomous AI entity that operates on X. 

Maple Finance’s (SYRUP) token rose 30.91% to $0.1897, driven by $8 million in volume, reflecting Maple’s success in merging institutional lending with the advantages of DeFi. 

Particle Network (PARTI) saw a 28.41% increase, reaching $0.2546 with a remarkable volume of $347.99 million. As a Layer-1 blockchain, it enables chain abstraction and seamlessly connects users and liquidity across Web3. 

Lastly, Beets (BEETS) rose 25.43% to $0.05692 with a $3.92 million volume, reinforcing its position as a key player in liquid staking and AMM innovation on Sonic, dedicated to developing open-source, decentralized financial tools. 

Top Weekly Losers

The ever-evolving cryptocurrency market continues to present a mix of challenges and opportunities. This week’s biggest decliners highlight ongoing issues such as unclear regulations, sharp price fluctuations, and wavering public interest. Even so, these developments offer investors and traders a valuable opportunity to reevaluate their approaches and work toward better results moving forward. 

MilkyWay (MILK), currently priced at $0.1060 with a 53.27% drop and a 24.45 million USD trading volume, remains the leading liquid staking protocol in the modular ecosystem, offering seamless scalability for builders and competitive staking yields for users. 

On the lighter side, Retard Finder Coin (RFC), a meme coin with no intended utility, is making waves with its humorous take on crypto culture—backed by a sizable community of over 660,000 followers. Despite a 48.14% decline to $0.01340 and a volume of $12.59 million, its popularity continues to thrive. 

Meanwhile, Top Hat (HAT), priced at $0.003895 after a 42.33% decrease and trading $2.12 million in volume, is carving its niche as Solana’s first AI agent launchpad, enabling anyone to create AI agents through simple prompts. 

Tokenbot (CLANKER), trading at $25.17 with a 40.72% decline and a $6.68 million volume, is revolutionizing token deployment on the Base blockchain through its AI-powered creation tool. 

Lastly, Dark Eclipse (DARK), down 40.18% to $0.01389 with a trading volume of $19.08 million, showcases its promise as an evolving AI platform that upgrades itself by integrating new tools autonomously. Despite the downturns, these projects illustrate the diverse and fast-moving landscape of the crypto ecosystem. 

Hot ICOs To Watch

Active ICOs 

Fleek (FLK) launched its public sale on May 1, 2025, with a fundraising goal of $5 million and is set to close on May 8, 2025. Fleek empowers the next generation of builders and creators to shape the future of the web through AI agents and virtual influencers. 

Space and Time (SXT) began its sale on May 6, 2025, and will also conclude on May 8, 2025, having already raised a total of $50 million across four funding rounds. The project offers a decentralized data platform tailored for blockchain applications. 

Meanwhile, Olivia AI (OLIVIA) launched its IDO on Launchpool on February 17, 2025, and is set to run until February 18, 2027, with a modest fundraising goal of $25,000. Olivia AI introduces a next-generation, perpetual-memory super AI agent aimed at revolutionizing how users trade, invest, and engage within the Web3 ecosystem. 

Upcoming ICOs 

GamersXP (GMXP) is starting its IDO from May 7 to May 9, 2025, with a fundraising goal of $100K. GamersXP is a Proof-of-Achievement gaming reward platform that blends Play-and-Earn mechanics with mainstream AAA games, eSports tournaments, giveaway raffles, Gaming ID, a games hub, and DeFi—delivering a dynamic and rewarding gaming experience. 

Following that, Tordess (TDS) will hold its IDO from May 9 to May 11, 2025, aiming to raise $150K. Tordess is a cutting-edge proprietary trading platform set to democratize access to professional crypto trading. 

Lastly, Iceberg (ICEBERG) will launch its IDO from May 14 to May 16, 2025, with a $200K fundraising target. Iceberg introduces a forward-thinking Web 3.0 workspace designed to enhance the efficiency and quality of modern work processes. 

Ended ICOs 

Shardeum (SHM), an EVM-compatible Layer 1 blockchain leveraging dynamic state sharding to ensure permanently low transaction fees, completed its funding on May 5, 2025, raising $31.72 million across five rounds. 

Mage Labs (WIZDOG), a game development studio established in 2021, ended its sale on May 2, 2025, securing $180,000 in five rounds. The studio aims to redefine Web3 gaming by integrating cutting-edge AI and stablecoin-based play-to-earn mechanisms. 

Also wrapping up on May 2, 2025 was StakeStone ETH (STONE), which brought in $33 million over six rounds. StakeStone is an omni-chain liquid staking token (LST) protocol designed to deliver native staking yields and liquidity to Layer 2s in a decentralized fashion. 

Hottest Airdrops

3DOS 

• Register on the 3DOS Dashboard 

• Visit the 3DOS Dashboard and sign up using an email address or Google account 

• Verify email by clicking the confirmation link sent to inbox 

• Log in to the dashboard 

• Click on the “Generate API” button 

• Copy the generated API key 

• Add the 3DOS AI Chrome Extension to the Chrome browser 

• Open the extension and log in with email 

• Paste the API key into the extension 

• Click “Apply” to connect the extension to your account 

• Open the 3DOS dashboard daily 

• Wait for the claim pop-up to appear 

• Click “Claim Reward” to receive daily points 

O.LAB 

• Visit the O.LAB app by navigating to the official application through a web browser 

• Connect wallet by clicking on the “Connect Wallet” button and selecting your preferred Web3 wallet 

• Enter the referral code “TQIagKFI” when prompted to earn additional points 

• Click on “Add Funds” within the platform to get testnet funds 

• Use the Monad faucet to receive testnet tokens for transactions 

• Navigate to the “Markets” section of the platform to explore available prediction markets 

• Start trading by placing trades on available markets to earn 50 points per daily trade 
  
  Best Regards,
  Crypto Recorder Team
  
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