This Week in Crypto: Market Mayhem, Meme Coin Mania, and NFT News

Dear Readers,

Fueled by the upcoming fourth Bitcoin halving, the cryptocurrency market surged on Thursday. Bitcoin led the charge, rising 3.00% to hit $71,005. Ether followed suit with a 2.51% gain, reaching $3602 within the last 24 hours, defying recent market volatility. Other notable winners included Tether, Binance Coin, Dogecoin, Avalanche, Leo, Cosmos, and Cronos.

Highlights Of The Week

• Voyager Digital secures $484.35 million in settlements with FTX, 3AC, and D&O insurance claims post-bankruptcy, advancing financial recovery.

• Bitcoin network surpasses 65 million Ordinals inscriptions ahead of halving, achieving milestone in less than 1.5 years since launch.

• Paraguayan senators pause cryptocurrency mining ban proposal, mull selling excess energy to miners instead of exporting.

• ASIC appeals court loss against Finder Wallet over compliant "Earn" product.

• SEC issues Wells notice to Uniswap decentralized exchange.

• Ethena Labs integrates with Binance, Bybit, OKX, and Bitget centralized exchange wallets.

• Auradine completes Series B funding round worth $80 million.

• Solana-based StepN app airdrops 100 million FSL points, valued at $30 million, to users.

• UK users on Coinbase can now buy Bitcoin, Ether, and other assets using Apple Pay on iPhone.

• Hong Kong SFC accelerates approval process for four spot Bitcoin ETFs.

Crypto Fear & Greed Index

Buoyed by a continuation of yesterday's "extreme greed," the Crypto Fear & Greed Index sits at 76 today. This fervor, though slightly tempered from a score of 78 just 24 hours ago, underscores the prevailing bullish sentiment coursing through the cryptocurrency market. However, such a euphoric reading historically coincides with potential periods of correction, so cautious optimism might be the order of the day for crypto investors.

ATH coins

Cryptocurrencies can be incredibly volatile, with prices experiencing dramatic highs and lows. While reaching an all-time high (ATH) suggests a surge in demand, does it translate to long-term growth? Given the inherent instability of the market, comprehensive research and analysis are essential before investing in ATH coins. Let's explore some recent high flyers that have shattered ATH records:

Leading the pack is Toncoin (TON), a decentralized blockchain project originally developed by Telegram. Toncoin offers a robust layer-1 blockchain solution for various applications. Today, it skyrocketed to a peak of $7.65 before settling at a still-impressive $7.47. With a current volume of $681.98 million, Toncoin's rise suggests strong investor interest.

Don't underestimate the power of a cute meme! Apu Apustaja (APU), a meme coin based on Pepe the Frog, defied expectations and reached an ATH of $0.0007702 today. While it has settled at $0.0006227, with a current volume of $16 million, Apu Apustaja's rise demonstrates the unpredictable and exciting nature of the crypto market.

Innovation continues to be a driving force in DeFi. Gearbox (GEAR), a protocol allowing leveraged trading across different platforms, surged to an ATH of $0.03661 today before dipping to $0.03339. This innovative protocol opens up new possibilities for maximizing returns, making it a project to watch. Gearbox currently boasts a trading volume of $3.25 million.

Designed specifically for Pendle users, Equilibria Finance (EQB) helps users maximize their profits within the Pendle ecosystem. Today, EQB reached an ATH of $0.9995 before finding its current price of $0.9096. This rise highlights the growing importance of user-centric platforms in the DeFi space. Equilibria Finance currently has a trading volume of $314,503.

Rounding out our list of high flyers is Penpie (PNP), a next-generation DeFi product by Magpie. Penpie provides yield and veTokenomics boosting services for Pendle Finance users. Today, Penpie peaked at $6.55 before settling at $6.15. With a current volume of $1.52 million, this innovative product demonstrates the ongoing development of tools to enhance DeFi experiences.

Top Movers (24H)

The cryptocurrency market's consistent demonstration of its viability as an investment platform is prompting formerly cautious individuals to embrace it enthusiastically, broadening their investment horizons to include various digital assets. Additionally, existing crypto investors are bolstering their positions, resulting in notable price upswings across different cryptocurrencies in the past day. Let's zoom in on a few well-known cryptocurrencies that have recently seen significant price upticks.

In the lead, today is Eggdog (EGG), a meme token based on an internet meme, often featuring a 3D model of a dog shaped like an egg in various odd scenarios. Despite its whimsical origins, Eggdog's price has surged over 46% in the last 24 hours, currently sitting at $0.003176 with a trading volume of $1.51 million.

Hot on Eggdog's heels is Dypius (DYP), a newcomer to the DeFi scene. Dypius is a powerful, decentralized ecosystem with a focus on scalability, security, and global adoption through next-gen infrastructure. Dypius has soared nearly 40% in the last day, reaching a current price of $0.07005. Its trading volume sits at $1.30 million.

Following closely behind Dypius is Mango (MNGO), a project that intends to merge the liquidity and usability of CeFi with the permissionless innovation of DeFi at a lower cost to the end user. Mango has increased over 30% in the last 24 hours and is currently priced at $0.03858. The trading volume for Mango is $1.10 million.

Established players are also getting in on the action. Shapeshift FOX Token (FOX), the token associated with the borderless, self-sovereign, cross-chain crypto trading platform and portfolio manager ShapeShift, has grown by nearly 30% in the last day. ShapeShift enables users to buy, sell, track, trade, and earn with a vast array of digital assets. The current price of FOX is $0.1277, and its trading volume is a substantial $18.72 million.

Rounding out the list is Bridge Oracle (BRG), a BNB Chain-based public oracle designed to allow anyone to run a smart contract fueled by secure and trustworthy real-world data. Bridge Oracle has gained over 20% in the last 24 hours, reaching a current price of $0.001966. The trading volume for BRG sits at $2.00 million.

Non-Fungible Tokens – Developments

Bitcoin leads the NFT market recently, with sales hitting $19.08 million, up by 5.79% from the previous day.

Gunzilla Games integrates the GUNZ blockchain with the OpenSea NFT marketplace, enabling smooth trading of in-game items.

Idol World game to boost the gaming ecosystem with NFT integration, introduces the $TOME meme coin as one of its main in-game currencies.

NFTs To Watch

In the last 24 hours, the Bored Ape Yacht Club has seen remarkable activity within the NFT market. With a trading volume of 1,051 ETH and a staggering 94% change, the 10,000 unique Bored Ape NFTs continue to attract significant attention. Pioneering the digital collectibles space on the Ethereum blockchain, each Bored Ape carries its own distinct character and charm, fueling a vibrant community of collectors and enthusiasts. The club's floor price of 12.32 ETH and 87 sales underscore its enduring appeal and position as a cornerstone within the NFT ecosystem.

Meanwhile, Pudgy Penguins have made waves with their own surge in trading activity. With a volume of 974 ETH and a 40% change, this collection of 8,888 NFTs stands as a testament to the power of community and positive values in the Web3 space. Embodying love, empathy, and compassion, each Pudgy Penguin serves as a beacon of good vibes, fostering a sense of unity and belonging among its holders. The floor price of 12.45 ETH and 82 sales reflect the continued growth and popularity of this uplifting project.

In parallel, Azuki has seen steady engagement and interest over the past 24 hours. With a volume of 102 ETH and a 16% change, this collection of 10,000 avatars offers membership access to The Garden, a hub for artists, builders, and Web3 enthusiasts to collaborate and innovate. Azuki's floor price of 4.16 ETH and 25 sales highlight its unique value proposition within the NFT landscape, providing a gateway to a decentralized future where creativity and community thrive. 

That's it for today. Thanks for reading. Good luck out there!

Best Regards,
Crypto Recorder Team

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