Weekly Crypto Chronicles: Navigating Success, Challenges, Unveiling ICO Trends, and Airdrops

Dear Readers,

Bitcoin reached the $50,000 milestone, marking its highest point in over two years. This surge is attributed to increased investments in exchange-traded funds supported by the digital asset. The world's largest cryptocurrency is further boosted by anticipated interest rate reductions later this year and recent regulatory approval for U.S. exchange-traded funds designed to mirror its value.

As of Tuesday, Bitcoin is trading at $50,100, reflecting a 4.12% increase. Meanwhile, Ethereum, the second-largest cryptocurrency, has experienced a 6.88% rise, reaching $2,661.

Highlights Of The Week

• Spot Bitcoin ETFs acquired 10 times more Bitcoin than miners produced on Feb. 12, with $493.4 million or 10,280 Bitcoin inflow.

• Coinbase suggests moving USD to a "well-designed blockchain" to revive billions of pennies through a new ad campaign.

• Criminal sentencing for Binance founder CZ delayed to April 30.

• Franklin Templeton applies for a spot Ether ETF in the U.S., joining other Wall Street firms.

• Crypto Finance's German subsidiary receives four licenses from BaFin as Deutsche Börse gears up for a digital exchange launch.

• Metaco CEO Adrien Treccani departs after over eight years with Ripple Labs-owned blockchain custody firm.

• Wintermute and The Block collaborate to launch a unique cryptocurrency market price tracking index.

• Bangko Sentral ng Pilipinas Governor Eli Remolona reveals plans to introduce a wholesale CBDC in the next few years.

Top Weekly Gainers

Within the tumultuous cryptocurrency space, renowned for its inherent volatility, savvy traders showcase a talent for spotting weekly frontrunners teeming with promising opportunities for financial growth. By embracing a proactive mindset and diligently monitoring market trends and price shifts, investors can capitalize on these advantageous moments, potentially reshaping their investment strategies for optimal results.

Moon Tropica (CAH) has taken the lead among top weekly gainers with an astounding surge of 202.88%, propelling its current price to $19.40 and garnering a trading volume of $1.24 million. The project draws its inspiration from the nostalgia of childhood games while incorporating elements from the contemporary gaming industry, crypto events, and meme culture.

Heroes of Mavia (MAVIA) follows closely, experiencing significant growth of 172.85% within a week, reaching a current price of $7.82, and boasting a substantial trading volume of $122.51 million. Developed by Skrice Studios, Heroes of Mavia is a mobile free-to-play Web3 MMO Strategy game, contributing to its surge in value.

Shapeshift FOX Token (FOX) has surged by 172.84%, now priced at $0.09561, with a trading volume of $8.67 million. ShapeShift, the platform behind FOX, distinguishes itself as a borderless and self-sovereign cross-chain crypto trading platform and portfolio manager, facilitating the buying, selling, tracking, and trading of over 10,000 assets across 15+ chains.

SPACE ID (ID) has soared by 113.21%, reaching a current price of $0.5959, and amassing a trading volume of $51.79 million. The surge in ID's price is attributed to its recent listing on Upbit. SPACE ID focuses on building a universal name service network with a one-stop identity platform for discovering, registering, trading, and managing web3 domains.

SuperVerse (SUPER) has also witnessed an 86% increase in a week, settling at a current price of $1.07 and achieving a trading volume of $104.80 million. The SuperVerse initiative is dedicated to building and delivering Web3 products, empowering crypto natives with advanced NFT functionality and engaging Web2 users through immersive blockchain gaming experiences.

Top Weekly Losers

The cryptocurrency landscape continues its rollercoaster ride, witnessing a blend of triumphs and challenges on a weekly basis. Participants navigate through the ripples of regulatory changes, market swings, and adverse media attention. Despite grappling with losses, this moment serves as a vital crossroads for traders and investors to assess their methodologies, deconstruct the elements contributing to setbacks, and purposefully shape the trajectory of their future investments towards success. In this week's cryptocurrency market, several tokens recorded substantial losses.

Huobi Token (HT) has experienced a substantial setback, declining by -47.71% in the span of a week, bringing its current price to $1.49 with a trading volume of $16.60 million. HT serves as the native token for the Huobi Global cryptocurrency exchange, functioning as a decentralized digital asset based on the Ethereum blockchain and adhering to ERC-20 standards.

HELLO Labs (HELLO) also finds itself among the weekly losers, plunging by -44.46% and settling at a current price of $0.08919. The Web3 ecosystem built by HELLO Labs revolves around the production, incubation, and distribution of exclusive TV shows and games.

GME (GME) coin has decreased by -41.26% within the week, reaching a current price of $0.004648 and boasting a trading volume of $32.33 million. GME coin pays homage to the 2021 GameStop short squeeze, carrying the spirit of meme culture within its value proposition.

ArcBlock (ABT) has faced a decline of -16.81%, settling at a current price of $1.07 with a trading volume of $2.62 million. Positioned as a platform for building and deploying decentralized blockchain applications, ArcBlock emphasizes its role as a complete blockchain 3.0 product platform, aiming to simplify the process of building, deploying, and managing apps.

Monero (XMR) has tumbled by -15.49% within the week, reaching a current price of $124.20 and boasting a substantial trading volume of $111.98 million. Launched in 2014, Monero stands apart with its goal of enabling private and anonymous transactions, although its recent market performance reflects broader challenges within the cryptocurrency landscape.

Hot ICOs To Watch Out For

Active ICOs

BeFi Labs

BeFi Labs, at the forefront of CeDefi innovation, commenced its sale on January 19, with a slated conclusion on February 18. Currently standing at a fundraising milestone of $1,260,000, BeFi Labs aspires to raise a total of $2,300,000. Pioneering the convergence of Web3 users, the project aims to create a dynamic presence within the expansive BRC20 ecosystem, promising innovation and advancements in decentralized finance.

Pixels

Initiating its sale on February 09 and set to wrap up on February 19, Pixels has already garnered significant attention, raising $7,200,000. The project's distinctive proposition lies in its vision to build a platform where users can seamlessly develop games that natively integrate digital collectibles. With a keen focus on gaming and digital assets, Pixels is on a mission to reshape the landscape of interactive entertainment through blockchain technology.

Oxya Origin

In the ongoing sale that commenced on January 27 and is scheduled to conclude on March 15, Oxya Origin has made substantial progress, raising $1,980,000 toward its fundraising goal of $2,310,000. The project distinguishes itself by aspiring to build a robust gaming ecosystem with an emphasis on engaging gameplay, immersive graphics, and a sustainable, player-owned economy. Oxya Origin's ambition is to elevate Web3 gaming to the mainstream, offering a unique and immersive experience for players.

Upcoming ICOs

Metahorse Unity

Metahorse Unity is gearing up for its ICO, slated to kick off on February 13 and wrap up on February 20, with a fundraising goal of $1,500,000. At the heart of this venture is Octavia, a web3-based autonomous Assistant fueled by the $VIA token.

Style Protocol

The Style Protocol ICO is set to launch on February 15, running until February 20, with a fundraising goal of $1,720,000. This project distinguishes itself by aspiring to bring monetization and utilization to any Virtual Asset within the realms of games, metaverses, or virtual worlds. STYLE Protocol's innovative approach positions it as a promising player in the blockchain space, catering to the growing demand for novel solutions in the virtual asset landscape.

Overlay

Overlay, with its ICO starting on February 29 and concluding on March 01, has set a fundraising goal of $2,720,000. What sets Overlay apart is its protocol, offering users the capability to trade scalar, non-manipulable, and unpredictable data streams. This unique feature makes Overlay a project of interest for those seeking new possibilities in the world of blockchain and data trading.

Ended ICOs

Ta-da

Ta-da recently concluded its ICO journey, which began on January 18 and ended on February 09, achieving a fundraising goal of $4,550,000. The platform's focus lies in facilitating seamless interactions between AI companies and users, offering a streamlined experience for both parties involved.

MeMusic

MeMusic, a blockchain-based platform with a mission to create an inclusive ecosystem through a range of services, recently closed its ICO. The fundraising campaign, which took place from February 06 to February 09, reached its target, securing $4,070,000.

Meson.Network

Meson.Network has concluded its ICO, marking a significant milestone by surpassing its fundraising goal, collecting $12,250,000. The campaign, which ran from February 08 to February 09, showcased the strong investor interest in Meson Network's groundbreaking approach to revolutionizing Web3. The project aims to establish a streamlined bandwidth marketplace through a blockchain protocol, challenging traditional labor-based sales models and paving the way for a more efficient and decentralized Web3 landscape.

Hottest Airdrops

Bluefin

• Visit Bluefin's website.

• Connect Sui wallet.

• Complete onboarding.

• Enter "v2-2kw0ud" in referral code.

• Enjoy a 10% trading bonus.

• Get SUI and USDC on Binance.

• Use Portal bridge for USDCeth.

• Deposit USDCeth on Bluefin.

• Trade perpetuals for BLUE points.

• Bonus 10% for code users.

• BLUE points convert to tokens at TGE.

• 6% of total supply for BLUE point holders.

• Check rewards page for details.

Mode

• Go to Mode's airdrop page.

• Enter invite code "wLoa0T."

• Connect Twitter and wallet.

• Earn points based on past DeFi and NFT activity.

• Bridge ETH, USDT, USDC, or WBTC from Ethereum via Binance.

• More bridging equals more points on Mode.

• Get a 1.2x points boost within the first seven days.

• Refer friends for a 16% points share.

• Use specified ecosystem apps for a 2x points boost.

• Points convert to MODE tokens at launch.

• Find airdrop details in this article.

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

Best Regards,
Crypto Recorder Team

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