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Dear Readers,

This week in crypto, Bitcoin (BTC) experienced a notable surge on Wednesday, registering a 7.6% uptick and surpassing the $66,200 mark following a robust rally. As a result, the entire cryptocurrency market experienced a 6.2% increase, leading to the liquidation of 51,567 traders across different crypto derivatives exchanges throughout the day.

Highlights Of The Week

• Earlier this week, Robinhood debuted crypto staking for European users, allowing Solana holders to earn rewards flexibly. The announcement has been causing ripples in the market, as new customers can enjoy a 10% bonus on initial purchases in USDC. Regulatory scrutiny looms in the US, but Robinhood stands firm on its crypto operations.

• Two MIT-educated brothers, Anton and James Peraire-Bueno, face charges for orchestrating a lightning-fast theft of $25 million in Ethereum cryptocurrency. Facing over 20 years if convicted, they allegedly exploited Ethereum's process, defrauding traders within seconds.

• President Biden ordered a Chinese-owned cryptocurrency miner to sell land near US missile base due to spying concerns, citing national security risks. The property, located less than a mile from a Wyoming air force base housing nuclear missiles, prompted action from the White House amid heightened scrutiny over foreign investments near sensitive military sites.

• Earlier this week, exiled Russian opposition leader Mark Feygin launched an anonymous blockchain-powered referendum via the Russia2024 app, allowing Russians to express protest against Putin's reelection. The referendum employs zero-knowledge cryptography for untraceable voting, aiming to provide a surveillance-proof avenue for dissent in a climate of growing risk.

• US Congressman Nickel urged the SEC to withdraw SAB121, claiming it hinders US banks from offering crypto custodial services, potentially driving clients to less regulated offshore options. Despite consensus, SEC's silence prompts concerns about transparency in crypto regulation.

Crypto Fear & Greed Index

The Fear and Greed Index is currently signaling a sentiment level of 70, firmly situating it within the greed zone. This marks a significant uptick from yesterday's reading of 64, and notably surpasses last week's 55.

This surge aligns seamlessly with the recent ascent in Bitcoin's price, reflecting a trend where crypto holders are shedding positions in lesser-known assets and gravitating towards established giants like Bitcoin.

Investors are vigilantly tracking these sentiment indicators, particularly against the backdrop of broader market dynamics. With such positive sentiment prevailing, anticipation mounts for potential monumental bullish surges in the near future.

ATH coins

As the crypto market enjoys a hard accomplished bullish turnaround, traders are reminiscent of the 2021 highs, and the bulls are ready to charge.

This surge in activity has propelled various cryptocurrencies to new record highs, marking a significant milestone in their price trajectories. As we compose this newsletter, the standout performers reaching all-time highs include:

Cross the Ages (CTA) has surged to an all-time high, reaching an impressive $0.41. Although CTA is a new name in the crypto game, trading for its first day, it has seen a sustained price climb, as well as ballooning volume from 0 to over $17 million, in a matter of hours.

Joe Coin (JOE) soared to an unprecedented all-time high, reaching an impressive $0.0161. The remarkable journey of JOE, spanning two months since its inception, has consistently pushed the boundaries of its all-time peak, with monthly surges that have left the crypto community astounded. Its previous ATH was seen last week which it blew away with its recent surge.

Stronghold Staked Solana (strongSOL), in just over two weeks, has made a remarkable entrance into the crypto market, but the past week has truly been a game-changer. With consistent and sustained price surges, strongSOL reached a new all-time high today at $165.35, a staggering 32% increase from its initial price.

Orbitt Pro (ORBT) stands out as a newcomer, having emerged just this month. However, it made waves recently by achieving an all-time high of $0.118. Notably, trading volume remains robust at $1.4 million, indicating sustained interest in this young crypto asset. Keep a close eye on ORBT as it continues to capture the attention of crypto enthusiasts in the market.

MAGA VP (MVP), the token inspired by Donald Trump and his political movement recently reached a milestone by hitting an all-time high of $0.503 this week. It has been on a sustained climb throughout the last week, as the Donald’s presidential campaign picks up heat. The surge comes after Trump’s endorsement of cryptocurrency during a rally.

Top Movers (24H)

Aside from the impressive performance observed within the realm of ATH coins, there have been noteworthy achievements in the category of top-performing cryptocurrencies. Over the past 24 hours, a number of digital assets have surged significantly, demonstrating remarkable upward trajectories. As of present, the leading performers in this surge are as follows:

Bobuki Neko (BOBUKI), has had quite the volatile week, with its fair share of rises and hard falls. In the past 24 hours, however, things picked up pace in a bullish run. The crypto player more than doubled in price from $0.0013 to $0.0030, all while seeing its volume climb up to $1.80 million.

Cajutel (CAJ) has stolen the spotlight as one of the top gainers in the past 24 hours. The token's value surged, more than quadrupling from $0.64 to an impressive $2.56 within a single day. What's even more striking is the remarkable increase in its trading activity, with its daily volume skyrocketing from under $600,000 to nearly $2.6 million. This meteoric rise in both price and trading volume has certainly caught the attention of crypto enthusiasts and investors alike, making this P2E token one to watch closely in the coming days.Top of Form

TRUMP is following along the MAGA hype as Donald Trump’s presidential campaign picks up steam, and a crypto endorsement comes along. Just like MAGA VP (MVP), TRUMP is also seeing quite the bullish interest, as it takes on a 56% single-day climb, with volume surpassing $2 million.

Costco Hot Dog (COST) experienced a staggering 193% price leap within a single day, catapulting from $0.017 to $0.048. The sudden surge in interest and trading activity surrounding COST has undoubtedly caught the attention of crypto enthusiasts and investors alike, marking it as one of the standout movers in the cryptocurrency market over the past 24 hours.

Crodie has stolen the spotlight with an astounding trading volume of $10 million. Its price exhibited an impressive 56% surge. Crodie has been dipping hard this week, but has made a turnaround since Tuesday, and continues to push on with this positive momentum.

Non-Fungible Tokens – Developments

• Last week, former President Trump spent his court-free day hosting NFT buyers at Mar-a-Lago, amid his expressed desire to hit the campaign trail. No public events were on his Wednesday agenda, but private political meetings are slated alongside the dinner. Trump's foray into NFTs continues, with his latest "Mugshot Edition" cards offering a unique bonus: a swatch of the suit worn during his Georgia mug shot, tied to ongoing legal battles.

• An NFT trader lost $145,000 in Bored Ape Yacht Club (BAYC) collectibles to a phishing attack amidst rising scam rates in crypto. On-chain security firm PeckShield highlighted the incident, earlier this week, where three BAYC NFTs were stolen, with one transferred on May 8.

• Mercedes-Benz NXT has teamed up with Mojito for a new NFT collection named 'The Era of Technology', part of its 'Icon' series. 780 exclusive items up for grabs will be launched from May 21, for a week. There will be limited participation to select countries due to regulatory constraints.

NFTs to Watch

In the booming NFT space, a handful of captivating tokens have captured the interest of collectors and enthusiasts:

Pixelmon Generation I

In a remarkable development within the world of NFTs, Pixelmon has emerged as a trailblazer, dedicated to strengthening its entire ecosystem. The way it aims to redefine the gaming industry is truly admirable.

Pixelmon boasts a great gaming ecosystem where its NFTs are valued tremendously by the community, both in terms of the P2O (play to own) and in the (F2P) contexts.

HV-MTL

HV-MTL (Heavy Metal) collection is generating significant buzz. Comprising 30,000 Mechs originating from 8 distinct Power Source categories, this collection has recently unveiled an exciting development.

With a remarkable 24-hour price surge, this futuristic robotic goth-themed collection, tailored for gaming enthusiasts, has captured the attention of crypto aficionados. With 34% of its owners owning unique pieces, HV-MTL's potential for growth is undeniable.

Porsche 911 NFTs

The interest around these Porsche 911 NFTs is rapidly growing, with volume for today currently at 38 ETH.

Collectors from different walks of life are immersing themselves in this new digital community.

Porsche, the renowned car manufacturer, has made a foray into the digital world by launching 2,363 unique non-fungible tokens (NFTs) of the iconic 911 model. This innovative collection is not just about ownership, but it also offers the NFT owners the unique opportunity to shape their digital artwork.

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

Best Regards,
Crypto Recorder Team

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