Weekly Crypto Recap: Biggest Gainers, Losers, ICOs & Airdrops

Dear Readers,

Cryptocurrency markets took a dive on Tuesday after Bitcoin narrowly missed breaking the $70,000 barrier, triggering profit-taking. This sell-off erased earlier gains fueled by optimism surrounding Donald Trump's pro-crypto stance. Despite the pullback, industry enthusiasm remains high due to the potential for friendlier regulations. Bitcoin is currently down 3.94% to $66,725, Ethereum has fallen 1.44% to $3,335, and the overall market cap has dropped 3.14% to around $2.4 trillion.

Highlights Of The Week

• SEC has dropped its request for a court decision on whether tokens in its lawsuit against Binance are securities.

•  The US government transferred $2 billion in Bitcoin shortly after Trump’s promise not to sell any at the Bitcoin 2024 conference, a move some call “tone deaf.”

•  Crypto betting platform Polymarket has exceeded $1 billion in trading volume, with over one-third from the last thirty days.

•  Artists Brian Frye and Jonathon Mann have sued the SEC to clarify if NFT art falls under its regulatory authority.

•  One Trading has received an Organized Trading Facility license from the Dutch Financial Markets Authority, enabling new financial products in Europe, including crypto futures trading.

•  Coinbase is enhancing its support for global spot Bitcoin ETFs by becoming a custody partner for an ETF in Australia.

Top Weekly Gainers

In the ever-changing and inherently volatile world of cryptocurrencies, savvy traders excel at identifying Top Weekly Gainers that promise significant financial returns. By remaining actively involved and carefully monitoring market trends and price movements, investors can seize these excellent opportunities, potentially optimizing their investment strategies for maximum gains.

UNICE (UNICE) has surged 91.60% in the past week, reaching a price of $0.06138 with a trading volume of $4.19 million. This AI-driven blockchain messenger, developed by doctors, is revolutionizing cross-language communication through real-time translation. Its focus on healthcare and emotional well-being, powered by AI analysis, is capturing market attention.

PowerPool (CVP) is on a rapid ascent, soaring 60.56% to $0.432 with a trading volume of $40.15 million. As a DeFi protocol at the forefront of automation, PowerPool is empowering AI agents and optimizing transaction efficiency. This innovative approach is driving significant investor interest.

Destra Network (DSYNC) is gaining momentum, with a 22.82% increase to $0.2943 and a trading volume of $3.34 million. By merging decentralized cloud solutions and GPU networks, DSync is creating a dynamic ecosystem that is reshaping the web3 landscape.

Convex Finance (CVX) continues its upward trajectory, climbing 23.36% to $3.44 with a trading volume of $48.55 million. As a DeFi protocol optimizing rewards for Curve liquidity providers, Convex Finance remains a top choice for investors seeking to maximize returns.

Node AI (GPU) is demonstrating strong growth, jumping 19.23% to $1.22 with a trading volume of $1.82 million. By providing accessible GPU and AI resources on a secure blockchain platform, Node AI is meeting the increasing demand for AI capabilities.

Top Weekly Losers

In the ever-changing world of cryptocurrency, each week brings stories of triumph and hardship. The Top Weekly Losers reveal the obstacles traders encounter amid regulatory changes, market volatility, and excessive media scrutiny. Despite these setbacks, this week offers a critical chance for traders and investors to reevaluate their strategies and carve out a path to success.

Poolz Finance (POOLX), a swapping protocol designed to enable startups and project owners to auction their tokens for bootstrapping liquidity, has faced a challenging week. Its price has dropped by 21.70%, bringing its current value to $2.49. The current trading volume for Poolz Finance is $1.90 million.

DeFinder Capital (DFC) has also seen a significant decline over the past seven days, with its price decreasing by 21.52%. The current price stands at $0.6273, with a trading volume of $1.38 million.

DOSE, which operates within a gamified fitness ecosystem aimed at enhancing real-world workout experiences through game design techniques and play-to-earn mechanics, has experienced a 21.48% decline in its price. It is currently valued at $0.000332. The trading volume of DOSE stands at $3.02 million.

KlimaDAO (KLIMA), a platform dedicated to creating a transparent, neutral, and public Carbon Market to accelerate climate finance globally, has seen its price plunge by 20.39% in the last 7 days. The current price is $3.31. Its trading volume reached $39.58 million.

Wormhole (W), an interoperability platform that powers multichain applications and bridges at scale, has also faced a tough week. Its price has plummeted by 19.48%, now standing at $0.2669. The trading volume for Wormhole is $39.58 million.

Hot ICOs To Watch

Active ICOs

Crudo Protocol is a transformative platform leveraging blockchain technology to revolutionize the commodities market, with a primary focus on crude oil. The ICO for Crudo Protocol commenced in Q3, 2024, raising $6.17 million in a single round. This funding will propel the development of the platform, aiming to redefine the acquisition and trading of commodities.

Pepe Unchained is a Layer 2 blockchain solution designed for speed, security, low fees, and a touch of meme culture. The ICO for Pepe Unchained started in Q2, 2024, and is set to conclude in Q3, 2024. Having raised $6.17 million in a single round, Pepe Unchained is actively developing its platform to offer users a high-performance and entertaining blockchain experience.

Symbiotic is a pioneering project focused on creating a generalized shared security system to fortify decentralized networks. The ICO for Symbiotic launched on June 11, 2024, and has gathered $5.8 million across two funding rounds. With this capital, Symbiotic is dedicated to building a robust security infrastructure that empowers decentralized ecosystems to thrive.

Upcoming ICOs

Layer3 is set to launch its ICO on Bybit's Launchpool platform, with the sale commencing on July 30 and concluding on August 6. The project has already garnered significant interest, securing $17.5 million across four funding rounds. Layer3's innovative approach focuses on modular identity and attention mechanisms, aiming to reshape the omnichannel experience within the crypto ecosystem.

Orbital7 is preparing for its Initial DEX Offering (IDO) on the Decubate platform, with the exact launch date yet to be announced. The project has raised $2.18 million through six funding rounds. Orbital7 aims to revolutionize the management of digital assets on Bitcoin-centric networks, including Runes, BRC20, and the Bitcoin mainnet, by providing a streamlined and user-friendly platform.

TOP Network is currently in the pre-sale phase, with the official launch date still to be determined. The project has an ambitious fundraising goal of $21.1 million across eight rounds. TOP Network is developing a high-performance blockchain infrastructure that includes groundbreaking features like the world's first decentralized cloud communication services.

Ended ICOs

The ICO for Renzo Protocol concluded on July 30, raising $20.2 million across five funding rounds. Renzo is a restaking protocol built on the EigenLayer framework, aiming to optimize staking rewards through a decentralized approach.

zkLink's ICO recently concluded on July 29, raising a substantial $23.19 million across seven funding rounds. The project focuses on developing a trustless chain-to-chain decentralized exchange (DEX) leveraging zero-knowledge technology, promising enhanced security and privacy for users.

zkCross Network has completed its ICO on July 27, raising $3.02 million through six funding rounds. The project envisions a unified value layer that seamlessly connects blockchains, DeFi protocols, and DApps, facilitating optimized value transfer within the Web3 ecosystem.

Hottest Airdrops

Credbull

• Visit the Credbull airdrop page.

• Connect your Arbitrum wallet.

• Ensure you have at least 0.005 ETH in your wallet (get ETH from Binance if needed).

• Follow Credbull on Twitter and join their Telegram group.

• Become eligible for the airdrop.

• $100,000 worth of CBL will be distributed among eligible participants after TGE.

Zesh

• Start the Zesh To The Moon 🚀 Telegram bot.

• Join their Telegram group.

• Join their Telegram channel.

• Follow Zesh on X.

• Post about Zesh on X.

• Open a Zesh account.

• Verify all tasks are completed.

• Invite a friend and ask them to complete all the steps.

•  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!