The Weekly Crypto Recap: Key Gains, Losses, and Regulatory Updates

Dear Readers,

In today's crypto market, there's been a notable resurgence ahead of the U.S. Consumer Price Index (CPI) data release expected this week. This resurgence is further fueled by anticipation surrounding the upcoming Federal Open Market Committee (FOMC) meeting later this month, which has added an extra layer of excitement among crypto enthusiasts.

 Over the past 24 hours, Bitcoin (BTC) has seen a significant uptick of approximately 3.59%, currently trading at $57,170. Meanwhile, Ethereum (ETH), Solana (SOL), and XRP have experienced gains ranging from 1% to 4%. As a result, the global crypto market capitalization has risen by 2.71% in the last day, reaching an impressive $2.01 trillion.

Highlights Of The Week

• Singapore is investigating Worldcoin for alleged money laundering and terrorism financing.

•  The SEC remains firm on a rule limiting crypto custody services for regulated financial firms.

• Bankrupt crypto exchange FTX has struck a deal with Emergent Technologies to sell over $600 million in Robinhood shares.

•  Binance and Bybit have become the first exchanges to receive full Digital Asset Trading Facility licenses in Kazakhstan.

•  Ether.fi is launching a “crypto-native” credit card that will process transactions on the Ethereum layer-2 network, Scroll.

•  The Commonwealth Unity Fund has spent over $600,000 backing Republican Senate candidate John Deaton, funded by Gemini and Ripple Labs co-founders.

Top Weekly Gainers

The cryptocurrency market is known for its rapid movements and unpredictability. However, experienced traders have a knack for identifying the Top Weekly Gainers with significant profit potential. By remaining vigilant and analyzing market trends and price changes, investors can seize these chances and potentially enhance their investment strategies for improved results.

Hege (HEGE) has recently made waves with a significant surge, currently priced at $0.01706. Over the past week, HEGE has seen 55.65% increase in value, accompanied by a trading volume of $1.65 million. Hege, a charming token with a unique twist, is on a quest to become a meme in hopes of winning over his crush, Hegena. This playful narrative adds a touch of personality to its market presence.

Reef (REEF) has also been on an upward trajectory, with its price currently standing at $0.001678. In just the last seven days, Reef has surged by 49.75%, supported by a substantial trading volume of $39.42 million. As a Layer-1 blockchain built on Substrate, Reef is designed for DeFi, NFT, and gaming applications, providing low-cost, nearly instant transactions. It also supports Solidity and EVM, facilitating a seamless transition for developers moving their Ethereum DApps.

Polkastarter (POLS) has experienced notable growth, with its price rising to $0.3417 and an increase of 44.55% over the past week. Its current trading volume is $3.65 million. Polkastarter serves as a decentralized fundraising platform that enables Web3 projects to launch and secure funds through multi-chain token pools. It plays a crucial role in expanding the community and reach of emerging projects.

BinaryX (BNX) has seen a steady climb, now priced at $1.48, marking a 23.53% increase in the last week. The token boasts a trading volume of $18.08 million. Originally a derivatives trading platform, BinaryX has shifted its focus to fostering a robust GameFi ecosystem. It actively supports blockchain gaming projects with various forms of assistance, contributing to its growth.

Lastly,PepeFork (PORK)has enjoyed a growth spurt, with its price reaching $0.062029, a 22.69% increase in the past seven days. The current trading volume stands at $5.15 million. PepeFork, a meme cryptocurrency inspired by the Pepe the Frog meme, thrives through community engagement and social media presence, similar to other meme tokens in the market.

Top Weekly Losers

The dynamic cryptocurrency landscape continually presents stories of gains and losses each week. The Top Weekly Losers highlight the challenges posed by shifting regulations, market volatility, and media attention. Despite these hurdles, this week provides traders and investors an opportunity to reassess their strategies and aim for improved results.

Lithium (LITH) has faced a sharp decline recently, with its current price at $0.0002793. Over the past week, Lithium has experienced a significant drop of 52.56%, accompanied by a trading volume of $608,009. This digital currency aims to leverage blockchain technology to provide decentralized financial services, but it has struggled to maintain its value.

Three Protocol Token (THREE) has also been on a downward trend, with its price now at $0.07365, marking a 26.15% decrease in the last seven days. The trading volume for THREE stands at $216,455. This token focuses on decentralizing marketplaces to promote inclusivity in eCommerce and real-world assets (RWA).

Polkadex (PDEX) has seen a significant drop as well, with its current price at $0.1493, reflecting a 24.02% plunge over the past week. The trading volume for PDEX is $147,435. Polkadex Orderbook offers a non-custodial peer-to-peer trading platform that aims to combine the advantages of centralized and decentralized exchanges into one integrated product.

Gaimin (GMRX) has experienced a notable decline, with its price falling to $0.0009638, down by 20.27% in the last week. The current trading volume is $113,620. GMRX serves as a token for its comprehensive ecosystem, which includes a plug-and-play cloud computing platform, games distribution, and gamer experiences.

Flux (FLUX)has also faced a downturn, with its price at $0.5745, representing a 15.59% drop over the past week. Flux's trading volume is significantly higher at $15.19 million. As the cryptocurrency for the Flux ecosystem, FLUX is used for purchasing resources, collateralizing nodes, fueling transactions on FluxOS, and rewarding miners and FluxNode operators.

Hot ICOs To Watch

Active ICOs

RepoSwap

RepoSwap is currently hosting its Initial DEX Offering (IDO) on Spores. The sale began on September 9 and will conclude on September 11. So far, RepoSwap has raised $990K across three rounds. This innovative DeFi platform is designed to simplify token launches, enhance liquidity provision, and empower community governance, making it a standout in the decentralized finance space.

Zephyr

Zephyr's sale commenced on August 19 and will run until September 15. The project has already raised $220K in two rounds. As the world’s first prediction market built on Solana, Zephyr is set to revolutionize how predictions and forecasts are made, leveraging Solana's high-speed capabilities for an unparalleled user experience.

Babylon

Babylon’s sale started on August 22, and it has raised $220K through two rounds so far. Babylon focuses on developing advanced security protocols designed to scale Bitcoin, aiming to provide robust security for the decentralized world. This project is paving the way for enhanced safety in the blockchain ecosystem.

Upcoming ICOs

AutoLayer

AutoLayer, formerly known as Tortle Ninja, is gearing up for its Initial DEX Offering (IDO) on Poolz, with the sale scheduled to start on September 11 and end on September 12. The fundraising goal for this event is set at $300K. AutoLayer is positioned as the leading LRTfi hub on Arbitrum, offering an extensive suite of features including access to 800 assets, 400 liquidity pools, 50 farms, and over 100 vaults and strategies.

FullHouse

FullHouse will launch its IDO on Kommunitas from September 16 to September 17. The project aims to raise $200K during this brief sale period. FullHouse is set to redefine Web3 gaming by creating a platform where players are truly part of the house. This innovative approach promises to offer a unique gaming experience within the Web3 ecosystem.

Pencils Protocol

Pencils Protocol will kick off its sale on September 18, having already raised $2.1M across nine rounds. This next-generation decentralized platform specializes in auctioning blockchain assets and real-world assets (RWAs), as well as unified yield aggregation. Furthermore, Pencils Protocol will serve as a Scroll gateway for liquid staking and restaking assets, enhancing its functionality within the blockchain ecosystem.

Ended ICOs

Orderly Network

Orderly Network's ICO, hosted on GemPool via Kucoin, concluded on September 9. The project raised $25M across four rounds. As a decentralized exchange (DEX) protocol, Orderly Network aims to enhance trading efficiency and liquidity within the DeFi ecosystem.

NOTAI

NOTAI wrapped up its IDO on Eesee on September 7, securing $1.31M through five rounds. NOTAI is pioneering as the first AI-driven SuperApp built on Telegram, designed to cater to the vast user base of over 950 million people, providing a suite of intelligent features and services.

MetaCene

MetaCene's Initial Exchange Offering (IEO) on Bybit ended on September 5, with the project raising $15M across four rounds. MetaCene is focused on creating an accessible Web3 environment, emphasizing player-centric entertainment to broaden the appeal and accessibility of blockchain-based experiences.

Hottest Airdrops

FATTY

• Go to the FATTY Zealy airdrop page.

• Connect to Zealy using your email address, Discord account, or WalletConnect.

• Complete the social tasks listed on their quest page. These tasks may involve following their social media accounts, watching videos, and more.

• Earn free XP for each task you complete.

• A total of 10,000,000 FATTY tokens are available for this airdrop.

• To maximize your airdrop share, complete as many tasks as possible to accumulate more XP.

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Zaros

• Visit the Zaros website and connect your wallet.

• Ensure you have some ETH on the Arbitrum Sepolia testnet. You can obtain free testnet ETH from Alchemy or QuickNode.

• After connecting your wallet and securing testnet ETH, mint 100,000 testnet USDC from Zaros and set up your trading account.

• Complete the tasks outlined on the page to earn zPoints and badges. Tasks include daily check-ins, achieving $10,000 in trading volume and PnL, and more.

• Share your referral link to invite friends and earn additional zPoints.

• Check the points page regularly, as new tasks will be added to help you earn more zPoints.

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!