Will Bitcoin Halving Spook Markets? Price Slump Raises Concerns

Dear Readers,

The price of Bitcoin has plunged 5.81% in the last day, trading as low as $61,809 - that's 15% off its March peak. This slump comes alongside a broader market sell-off triggered by geopolitical tensions and rising oil prices. Stocks, including the S&P 500, fell on Monday after a drone attack by Iran on Israel. Adding to the uncertainty, Bitcoin is also approaching a key network event known as the "halving."

Highlights Of The Week

• Puffer Finance secures $18 million Series A funding for mainnet launch, leveraging Ethereum restaking protocol Eigenlayer.

• UK Treasury to unveil crypto regulatory framework by July, fostering local innovation in digital assets and blockchain.

• BlackRock's Bitcoin ETF stands out in US market, attracting inflows while others see zero or lower.

• OKX launches Ethereum-based layer-2 network, aiming for reduced fees and improved interoperability.

• Filecoin Foundation investigates reported detention of Filecoin Liquid Staking team in China, hiring local lawyer.

• Reserve Bank of Fiji warns against crypto use for payment or investment, contrasting with prime minister's previous stance.

• VALR obtains new crypto licenses from FSCA in South Africa, complying with updated industry regulations.

• Norway passes legislation affecting data centers, signaling potential scrutiny for Bitcoin miners.

• Hong Kong approves Bitcoin and Ether spot ETFs, with at least three local issuers receiving regulatory nods.

Top Weekly Gainers

In the ever-shifting landscape of cryptocurrencies, renowned for their unpredictable nature, astute traders demonstrate a knack for pinpointing Weekly Winners ripe with potential avenues for wealth accumulation. By adopting a proactive approach and closely monitoring market dynamics and price shifts, investors can seize these advantageous junctures, potentially reshaping their investment tactics for maximum returns.

In the lead pack of this week's cryptocurrency market winners is PolkaBridge (PBR), a decentralized cross-chain protocol designed to connect Polkadot to other blockchains. PBR surged an impressive 93.24% over the past seven days, reaching a current price of $0.1367. Trading volume also rose significantly, reaching $4.98 million during this period.

Following closely behind PBR is MATH (MATH), a one-stop crypto platform that offers a variety of features such as a digital wallet, staking pool, DApp store, payment system, and its own blockchain. MATH soared 74.42% over the last week, currently sitting at $0.6019. MATH trading volume was even higher than PBR's at $8.83 million.

Dypius [New] (DYP) also made a splash this week with a 64.31% increase. Dypius is a powerful, decentralized ecosystem focused on scalability, security, and global adoption. The current price of DYP is $0.08692, and its trading volume reached $1.11 million over the past seven days.

The memecoin PUPS (Ordinals) (PUPS), linked to the digital art of pixel pups on the Bitcoin blockchain, also saw significant gains this week. PUPS utilizes Ordinals, a method that embeds data into Bitcoin transactions, giving each piece of data a unique identifier and making it viewable. PUPS rose 47.02% over the last seven days, reaching a current price of $51.46. Trading volume for PUPS was $9.27 million during this period.

Rounding out this week's top gainers is Cream Finance (CREAM), a decentralized DeFi lending protocol that offers financial services to individuals, institutions, and other protocols. CREAM gained 22.35% over the past week, reaching a current price of $48.37. Cream Finance also saw a healthy trading volume of $11.12 million over the last seven days.

Top Weekly Losers

Within the ever-changing landscape of cryptocurrencies, weekly stories emerge, showcasing victories and hurdles alike. Participants in this realm contend with regulatory changes, market instabilities, and undue media scrutiny, arriving at a decisive juncture. Despite obstacles, this week offers traders and investors a crucial chance to assess tactics and chart a course for prosperity. Notable declines were noted in various cryptocurrency tokens over the course of this week.

SushiSwap (SUSHI) has emerged as a paradigmatic example of the automated market maker (AMM) model within the cryptocurrency realm. With its recent staggering decline of 40.78% in the last seven days, trading at a current price of $0.9821 and boasting a volume of $49.89 million, SushiSwap stands as a testament to the volatility inherent in decentralized exchanges.

Gaimin (GMRX), characterized by its token tethered to the digital economy and cloud gaming platform, has experienced a significant downturn of 40.02% over the past week. Currently priced at $0.008908 with a trading volume of $2.27 million, GMRX's trajectory highlights the vulnerability of projects reliant on niche markets and technological innovations.

Altlayer (ALT), an open and decentralized protocol specializing in rollups, finds itself amidst a steep decline of 39.50% in the last seven days. Trading at $0.4031 with a substantial volume of $75.50 million, AltLayer's plummet reflects the challenges inherent in pioneering novel blockchain solutions.

Metis (METIS), an Ethereum Layer-2 scaling solution, faces a notable plunge of 38.49% in the past week. Priced at $58.23 with a trading volume of $28.82 million, METIS endeavors to address the blockchain trilemma of decentralization, security, and scalability.

Rally (RLY), powered by the ERC-20 native token driving the RLY Network, experienced a significant fall of 31.65% in the last seven days. With a current price of $0.01241 and a trading volume of $2.02 million, RLY's multi-chain functionality aims to foster interoperability across diverse blockchain ecosystems.

Hot ICOs To Watch Out For

Active ICOs

SatoshiDEX

SatoshiDEX stands out as a decentralized exchange (DEX) operating on the innovative Stacks blockchain, utilizing Proof-of-Transfer (PoX) consensus to connect with Bitcoin. Their sale commenced on February 29 and is slated to conclude by April 30. With a fundraising goal set at $2.2 million, SatoshiDEX has already raised $1.5 million.

Exverse

In the realm of gaming, Exverse emerges as a compelling project, offering a free-to-play FPS shooter experience enriched with PVP battles and raids. Their ICO sale began on April 15, and while the endpoint remains to be announced, Exverse has already secured $3.03 million out of its $3.88 million fundraising goal.

Sharpe AI

On the forefront of decentralized finance (DeFi), Sharpe AI introduces an advanced execution environment tailored for yield-earning strategies and on-chain trades. Their ICO sale just launched on April 16, scheduled to conclude swiftly by April 17. Despite the brief timeframe, Sharpe AI has managed to raise $1.6 million out of its $1.8 million target.

Upcoming ICOs

Umoja

Positioned within the realm of decentralized finance (DeFi), Umoja presents a compelling vision of a protocol enabling the creation of smart, self-sustaining financial systems. With its ICO slated to commence in April (exact dates pending), Umoja aims to raise $10 million to propel its mission forward. The project's focus on democratizing financial infrastructure underscores the potential for innovative DeFi solutions to reshape traditional monetary paradigms.

GMatrixs

Pioneering innovation within the GameFi space, GMatrixs introduces a technology-focused Web3.0 integrated service eco-platform. Scheduled to kick off its ICO in April (specific dates to be announced), GMatrixs seeks to raise $6.5 million to fuel its ambitious endeavors. As the first of its kind in the GameFi landscape, GMatrixs aims to leverage blockchain technology to redefine the gaming experience, promising an ecosystem that integrates seamlessly with Web3.0 principles.

Metapotamians

Bridging the gap between the digital and physical realms, Metapotamians emerges as a WEB 3.0 project offering digital services within a specialized universe. Affiliated with Turkey's largest companies in the metaverse and NFT sectors, Metapotamians' ICO is set to launch in April, although specific dates are yet to be disclosed. With a fundraising goal of $970,000, Metapotamians aims to harness the power of blockchain technology to revolutionize digital service provision, signaling an exciting prospect within the evolving landscape of Web3.0 innovations.

Ended ICOs

GAM3S.GG

Positioned at the intersection of blockchain technology and gaming, GAM3S.GG concluded its ICO from April 04 to April 09. With a fundraising goal of $5 million, the platform raised $4 million. GAM3S.GG distinguishes itself as a web3 gaming platform offering a comprehensive suite of features, including game discovery, content curation, reviews, and investment opportunities.

R Games

Concluding its sale from March 28 to April 07, R Games achieved its fundraising goal of $1.84 million. The platform offers a diverse array of gameplay modes, catering to various gaming preferences, including story mode, street mode, mono mode, mixed mode, and Formula racing mode.

PrivateAI

From April 01 to April 07, PrivateAI completed its ICO, meeting its fundraising goal of $1.86 million. Positioned as the world's first Data-as-a-Service Platform powered by knowledge graphs, PrivateAI enables data owners and producers to monetize their complex datasets and intellectual property securely.

Hottest Airdrops

Ultimate Digits

• Visit Ultimate Digits airdrop page, connect wallet.

• Link Discord, complete tasks for free Ultimate Points.

• Get 100 Points for joining Discord, 10 daily for "/gm" messages.

• Three seasons, complete all for bonuses.

• Hold Ultimate Points Genesis NFT, get extra 10 daily.

• Check the official airdrop announcement for more details.

Gate.io

• Register at Gate.io.

• Verify your KYC2.

• Deposit a minimum of 100 USDT.

• Higher deposits mean higher rewards.

• Earn up to 900 USDT in contract vouchers.

• Use the provided link to qualify for rewards.

• Contract vouchers act as margins for trading expenses.

• Enjoy one month of VIP 2 level benefits.

• Existing users can achieve specified trading volumes for up to 2,000 USDT in contract vouchers and one month of VIP 8 level benefits.

• Rewards are on a first-come, first-served basis, limited to the first 500 participants.

• VIP users receive Gate.io airdrops, with higher levels earning more. Final profits depend on airdrop amounts and selling prices. For further details, refer to this article.

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

Best Regards,
Crypto Recorder Team

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