Weekly Crypto Roundup: Top Gainers, Losers & Can't-Miss Airdrops

Dear Readers,

The crypto market felt the chill of anticipation on Tuesday. With the Federal Reserve's policy decision looming and inflation data on the horizon, investors grew cautious. Bitcoin led the retreat, dropping 2.72% to $67,561. Ethereum fared even worse, sinking 3.68% to $3,535.

This pullback rippled across the market, dragging the global cryptocurrency market cap down 2.98% to $2.45 trillion in the last day. Altcoins and meme coins weren't spared either, with BNB, Solana, XRP, Dogecoin, Shiba Inu, and Chainlink all following suit with declines ranging from 1.9% to 4%.

Highlights Of The Week

•  Data encryption can balance individual privacy and collective security, per the EU Innovation Hub report emphasizing cryptographic technologies' dual-use nature.

• Australian government bans crypto and credit card use for online gambling to protect citizens from financial harm.

• Ethereum ZK layer 2 scaler zkSync launches zkSync token, planning airdrop of 3.68 billion tokens to eligible wallets.

• Blockchain Australia rebrands as Digital Economic Council of Australia (DECA) to attract wider fintech and banking industr

• SEC adds spot Ether exchange-traded fund application from ProShares, following approval of eight similar investment vehicles.

• DeFi Technologies adopts Bitcoin as the primary treasury reserve asset.

• Lykke cryptocurrency exchange halts withdrawals after the June 4 exploit, assuring users' fund safety.

• Bitfarms implements a shareholder rights plan post-AGM to constrain Riot Platforms' hostile takeover attempt.

•  Fireblocks partners with Coinbase to expand services, offering derivatives and trading products to institutional and retail investors.

• Ripple deepens ties with the Republic of Georgia, exploring digitization of the local economy with the National Bank of Georgia (NBG).

Top Weekly Gainers

In the dynamic and often unpredictable world of cryptocurrency, savvy traders excel at spotting Weekly Winners that offer substantial opportunities for financial gains. By staying actively involved and closely monitoring market trends and price fluctuations, investors can capitalize on these favorable moments, potentially transforming their investment strategies for better results.

Leading the pack this week is Byte (BYTE), a cryptocurrency that skyrocketed an impressive 175.25% over the past 7 days. Its current price sits at $0.00002058, with a daily trading volume of $3.86 million. This surge in price comes after Byte was mentioned by Elon Musk in his latest X Stream, sparking speculation and a surge in investor interest.

Next up is Dynex (DNX), the world's only accessible neuromorphic quantum computing cloud. Dynex saw a significant gain of 40.93% over the past week. Its current price is $0.7854, with a daily trading volume of $7.40 million. Dynex offers a unique solution for solving real-world problems at scale, potentially contributing to its price increase.

Coinweb (CWEB) also impressed this week with a jump of 28.13% in its price. Currently priced at $0.01229, Coinweb boasts a daily trading volume of $893,077.54. This open-source, consensus-free, and decentralized platform aims to revolutionize scalability and interoperability within the crypto sphere, which likely fueled its recent growth.

Alephium (ALPH), a secure and scalable blockchain platform designed for decentralized applications, secured a 19.04% gain over the past week. Its current price is $1.88, with a daily trading volume of $1.43 million. Alephium's established presence in the DeFi space likely contributed to its continued growth.

Rounding out the list is LeverFi (LEVER), a decentralized leverage trading platform that rebranded from RAMP DEFI in March 2022. LeverFi experienced a 16.24% increase in price this week, bringing its current price to $0.003993. With a daily trading volume of $69 million, LeverFi's continued relevance in the DeFi market is evident.

Top Weekly Losers

In the constantly evolving world of cryptocurrencies, each week brings new stories highlighting both successes and challenges. Participants in this sector contend with regulatory shifts, market volatility, and excessive media scrutiny, arriving at a pivotal point. Despite these obstacles, this week offers traders and investors a vital opportunity to assess strategies and chart a course for success. Significant declines were noted in several cryptocurrency tokens throughout the week's activities.

Leading the pack is Nodle (NODL), the native utility token of the Nodle network, a leader in Decentralized Physical Infrastructure Networks (DePIN). Despite boasting over 1 million nodes and 200,000 daily active users, NODL's price has plummeted 35.42% in the past seven days, currently trading at a mere $0.002839 with a trading volume of $1.56 million.

The pain extends to the play-to-earn sector as well. MyNeighborAlice (ALICE), a popular farming-themed play-to-earn builder game built on Chromia, has seen its value drop by 33.26%. The game allows players to "buy and own virtual islands, collect and build exciting items while also making new friends." However, despite this engaging experience, ALICE's price has fallen to $1.56, reflecting the current market pressures. The trading volume for ALICE over the past 24 hours sits at $31.76 million.

The trend continues with Linear Finance (LINA), a decentralized protocol for creating synthetic assets. LINA's price has fallen a staggering 32.72% over the past week, currently trading at $0.008706 with a volume of $10 million. Even the ability to create synthetic assets with unlimited liquidity, as offered by Linear, hasn't been enough to counter the prevailing market sentiment.

Utility tokens are not spared either. Galaxis (GALAXIS), a token offering various utilities throughout the Galaxis platform, has lost 31.49% compared to last week, with its current price at $0.01175. The trading volume for GALAXIS during the last 24 hours is $2.94 million.

Similarly, Only1 (LIKE), the first NFT-powered social media token built on Solana, has dipped 27.59%. Only1 aims to bridge the gap between creators and social media users, but LIKE's price has plunged to $0.07338, demonstrating the market-wide correction. The current volume for LIKE is at $1.19 million.

Hot ICOs To Watch

Active ICOs

Blast

Blast is an L2 solution offering native yield for both ETH and various stablecoins. Their initial coin offering (ICO) began on June 1st and is set to conclude on June 27th. Thus far, they've fundraised $20 million across two rounds.

Puffer Finance

Puffer Finance is aiming to solve the problem of slashing in staked coins through their anti-slashing and permissionless liquid staking protocol. Their ICO commenced on February 1st and will continue until October 20th. Notably, they have garnered $24.27 million through six rounds of their ICO.

ZkLink

ZkLink is building a trustless chain-to-chain decentralized exchange (DEX) that leverages zero-knowledge technology. Their ICO started on March 14th and is scheduled to end on September 7th. They've managed to raise $23.19 million over five rounds of their ICO.

Upcoming ICOs

5th Scape

In the realm of virtual reality, 5th Scape is gearing up for an ICO this June.  This project, with a fundraising goal of $7.5 million, is issuing the 5SCAPE Coin. Ownership of this coin unlocks exclusive VR content and fosters a dynamic community by granting access to special in-game features. 

Aethir

Shifting gears from entertainment to technology, Aethir is set to hold its Token Generation Event (TGE) on June 12th, 2024.  This cloud computing platform has already secured $9 million through fundraising, and its focus is on revolutionizing how businesses handle high-powered graphical processing units (GPUs).

Asymmetry Finance

Finally, the issue of centralization within the staked Ether market is being addressed by Asymmetry Finance. Their solution comes in the form of a comprehensive protocol, and they'll be holding an Initial DEX Offering (IDO) on a paid network starting June 12th, 2024 and concluding two days later on June 14th. With a fundraising goal of $3 million, Asymmetry Finance's project has the potential to significantly impact the way staked Ether is handled.

Ended ICOs

Carv (CARV)

The gaming industry is abuzz with the recent conclusion of Carv's (CARV) initial coin offering (ICO) on June 9th. This project, which raised a substantial $30 million over two rounds, is building a decentralized autonomous organization (DAO) focused on creating a player-owned gaming identity.  This identity system promises to revolutionize how gamers interact, allowing them to showcase achievements, discover friends and games, and even directly monetize their experiences.

io.net (IO)

Moving from the realm of entertainment to the world of technology, io.net (IO) wrapped up its ICO on June 11th, having secured $30 million in funding over two rounds.  This state-of-the-art decentralized computing network is poised to disrupt the cloud computing landscape by offering machine learning engineers access to distributed cloud clusters at a significantly reduced cost compared to traditional centralized services. 

Cookie3 (COOKIE)

Finally, the data analytics sector saw the conclusion of Cookie3's (COOKIE) ICO on June 11th. This project, which garnered $8.6 million across seven rounds, is developing a platform that translates complex on-chain data into comprehensive behavioral profiles of individuals. Cookie3's solution has the potential to revolutionize how data is analyzed and utilized, with applications across various industries.

Hottest Airdrops

CEX.IO

• Go to the CEX.IO airdrop bot on Telegram.

• Join the mini-app within Telegram.

• Click to start earning tokens.

• Collect additional tokens.

• Invite up to 100 friends.

• Finish simple tasks.

• Sign up on CEX.IO.

• Download the CEX.IO App.

• Subscribe to the CEX.IO Telegram channel.

• Follow CEX.IO on X (formerly Twitter).

• Follow CEX.IO on Facebook.

• Follow CEX.IO on Instagram.

• Share CEX.IO tweets on X daily, and more.

Agora

• Go to the Agora Galxe and Zealy Quests pages.

• Register for the airdrop using your social media accounts or wallet address.

• Complete different social tasks to earn free XP.

• A total of 1 million AGA is available for this airdrop.

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!