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Bitcoin pulled back sharply from its recent all-time high of nearly $123,000, as investors moved to secure profits and exercised caution ahead of a closely watched U.S. inflation report expected later today. The leading cryptocurrency was last down 4.17%, trading at $117,139. The broader digital asset market followed suit, with most altcoins also retreating amid similar profit-taking. Ethereum slipped 1.91% to $2,984, though it remained close to its highest level in five months. Meanwhile, XRP declined 3.14% to $2.87.
Highlights Of The Week
A South Korean court acquitted Jang Hyun-guk, ex-CEO of Wemade, of charges related to manipulating the circulation of the WEMIX crypto token.
Standard Chartered launched a new trading service enabling institutions and corporations to trade major cryptocurrencies.
Three U.S. federal agencies jointly warned banks about risks associated with holding crypto assets in custody for clients.
Metaplanet CEO Simon Gerovich is part of a group negotiating to acquire control of SGA, aiming to align the firm with a Bitcoin acquisition strategy.
Crypto exchange OKX joined the Global Dollar Network to support adoption of Paxos’ USDG stablecoin.
Grayscale, a major crypto asset manager and ETF issuer, is pursuing an IPO in the United States.
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Top Weekly Gainers
The dynamic and sometimes turbulent nature of the crypto market can make investing a complex endeavor. Still, skilled traders are adept at pinpointing Top Weekly Gainers that present promising returns. With consistent attention to market movements and a well-informed strategy, investors can navigate volatility and uncover profitable prospects.
Hyperlane (HYPER) has been the standout performer, with its price surging by 293.25% in the last 7 days to reach $0.3968. The project, which facilitates seamless communication across different blockchains, has also seen strong trading activity, boasting a current volume of $108.82 million.
Another notable gainer is CROSS (CROSS), which soared by 184.82% in the last 7 days, now priced at $0.2194. This surge follows Binance’s recent launch of CROSS Perpetual Futures, offering up to 50x leverage. CROSS’s current trading volume stands at $56.6 million, reflecting heightened market interest.
MemeCore (M) continues to attract attention as the first Layer 1 blockchain designed to empower meme coins as a cultural and community force. Its price rose by 116.23% in the last 7 days to $0.4181, accompanied by a solid trading volume of $111.64 million.
Pudgy Penguins (PENGU), the official coin of the popular Pudgy Penguins project, also experienced significant growth, increasing by 89.98% in the last 7 days to $0.02931. Notably, it commands a massive trading volume of $1.44 billion, highlighting its strong market presence.
Lastly, Stellar (XLM), a well-established network connecting global financial systems, gained 79.94% in the last 7 days, with its price reaching $0.4524. Stellar's trading volume remains robust at $2.07 billion, underscoring its ongoing relevance in the crypto space.
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Top Weekly Losers
The ever-shifting landscape of cryptocurrency includes both highs and lows. The Top Weekly Losers underscore the impact of ongoing regulatory changes, market corrections, and evolving public perception. Still, each week offers a new window for reflection and adjustment, giving traders and investors a chance to pursue more effective strategies.
Seraph (SERAPH) took a significant hit, plunging by 45.26% in the last 7 days to a current price of $0.1067. Developed by Seraph Studio, this AAA loot game saw a trading volume of $19.37 million during the same period.
SpaceN (SN), an all-in-one NFT management and social platform, plummeted by 33.26% in the last 7 days, with its price now at $1.51. The project recorded a trading volume of $97.67 thousand.
Fuel Network (FUEL), known for enhancing Ethereum with additional features, dropped by 24.26% in the last 7 days to $0.007449. It registered a trading volume of $11.31 million.
Lumerin (LMR), an open protocol that uses smart contracts for managing peer-to-peer data streams, declined by 32.58% in the last 7 days, now priced at $0.001910. The token saw a trading volume of $63.42 thousand.
Finally, Mansory (MNSRY), a luxury car modification brand founded in 1989, decreased by 27.4% in the last 7 days to $0.03204. Its trading volume stood at $2.18 million.
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Hot ICOs To Watch Out For
Active ICOs
Catex is hosting an IDO on Fount, with its sale having started on July 14 and scheduled to end on July 16. The project aims to raise $200,000. Catex is a decentralized exchange (DEX) built on Unichain, designed to enhance trading, liquidity, and governance efficiency.
Another notable IDO is t3rn, available on Spores. Its sale period also runs from July 14 to July 16, targeting a fundraising goal of $300,000. t3rn offers a smart contract platform that facilitates cross-blockchain execution, enabling interoperability between multiple blockchains.
Additionally, Snorter is currently in its presale phase, which began in the second quarter of 2025 and will continue through the third quarter. Having already raised $1.49 million in a single round, Snorter is a meme coin with genuine crypto trading capabilities, led by the adventurous aardvark mascot.
Upcoming ICOs
Soulbound will launch its IDO on GameFi from July 16 to July 17, with a fundraising goal of $150,000. Soulbound aims to be the leading proof-of-play system for gamers within the decentralized Metaverse, providing a reliable way to verify and reward gaming activity.
Shortly after, Dante Games will hold its IDO on Kommunitas between July 18 and July 19, targeting $170,000 in fundraising. This project is an AI-powered platform focused on gaming, esports, and digital ownership, blending innovative technology with the growing digital entertainment space.
Also starting on July 18, UOMI will run its IDO on Spores, continuing through July 20, aiming to raise $150,000. UOMI is a layer-1 blockchain designed for AI-managed assets and pioneering new models in decentralized finance (DeFi), pushing the boundaries of blockchain technology and asset management.
Ended ICOs
Pump.fun, a Solana-based memecoin, completed its public sale on July 12. Throughout seven rounds, Pump. fun raised $600 million, showcasing strong community interest and support.
Solaxy wrapped up its presale in the third quarter of 2025, raising $58.13 million in a single round. Solaxy is an innovative Layer 2 solution built on the Solana blockchain, designed to enhance scalability and transaction efficiency.
Velvet Capital also concluded its Binance Wallet Sale on July 10, securing $3.7 million across three rounds. Velvet Capital focuses on simplifying and securing DeFi by offering automated, tokenized portfolio investing, making decentralized finance more accessible and safer for users.
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Best Regards,
Crypto Recorder Team
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Disclaimer: Legal Stuff: Stocks and cryptos featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks and cryptos featured in this newsletter may be owned by owners/operators of this website which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside of these emails.
