The final week of January presents an exciting opportunity for small investors to engage with emerging crypto projects, despite ongoing market volatility. Several ecosystems have announced crypto airdrops, offering participants a chance to gain exposure to novel ventures.

Here’s a curated list of the top five crypto airdrops to watch, along with key details on how to participate.

LayerEdge

LayerEdge has launched an incentivized testnet program, allowing participants to earn EDGE points by running light nodes and verifying proofs. The program, which began with Phase 1 on January 22, will conclude on January 28. Phase 2 will commence immediately afterward, marking the next stage of the project’s rollout.

Participants can earn 1 EDGE point per second of active node operation and gain additional points through daily check-ins and completing ecosystem tasks. This airdrop follows closely after the network’s incentivized testnet launch.

“The Closed Testnet is live now and will end on 28th January. This is your chance to get in early and start earning points before the next phase begins,” said a prominent crypto airdrop researcher.

LayerEdge, a Layer-2 solution, enhances Bitcoin’s ecosystem by adding programmability and scalability while maintaining its core security principles. Backed by BreakOrbit and Normie Capital, among others, the project introduces BitVM, which leverages zero-knowledge proofs (ZKPs) for trust-minimized verification and proof aggregation.

FCHAIN

FCHAIN, a Layer-1 blockchain focused on on-chain gaming and entertainment, has announced an airdrop for its RIFT token. Following a $29 million funding round led by venture capital heavyweights like Andreessen Horowitz (A16Z) and Sequoia Capital, FCHAIN aims to revolutionize gaming blockchain infrastructure.

The RIFT token distribution follows a structured allocation model:

• Community: 54.8%
• Treasury & Ecosystem Growth: 22.2%
• Liquidity: 13%
• Core Contributors: 10%

This community-focused approach encourages ecosystem development and governance. Early participants should submit applications promptly via the official website. Eligibility happens through community engagement, liquidity provision, and ecosystem contributions.

Fraction AI

Fraction AI simplifies AI agent creation, enabling users to deploy intelligent agents using natural language prompts. The platform operates on the Ethereum network’s Sepolia testnet and has secured $6 million in funding from Borderless Capital and Foresight Ventures.

The airdrop will reward participants with FRAC tokens based on their engagement metrics, such as the number of AI agents created, battles participated in, and overall platform activity. Active users can earn Fractal points and experience (XP), which influence their potential airdrop allocation.

“Fraction AI enables users to create AI agents with natural language prompts, no coding required. The platform provides tools for refining, risk management, and performance tracking to ensure success, making AI development accessible and focused on usability and quality,” an airdrop researcher noted.

Users can explore creative activities like rap battles and competitive agent interactions, making the platform a unique blend of AI innovation and community engagement.

ColorPool

ColorPool, powered by the Chromia blockchain, introduces the COLOR token through its novel ecosystem. The network combines trading, gaming, and asset management without gas fees. The project leverages Chromia’s relational blockchain technology to provide a seamless environment for dApp interactions.

Key features of the airdrop include:

• Zero Gas Fees: Transactions within the ecosystem incur no blockchain gas costs.
• Dual Rewards: Stake CHR tokens and earn COLOR for additional benefits.
• Immediate Token Liquidity: The network unlocks tokens upon distribution with no vesting periods.

“The ColorPool Airdrop, powered by Chromia, could be one of the most significant airdrops ever on the Chromia Blockchain. And it’s all set to happen this January,” wrote Chuck, a seasoned crypto investor.

The COLOR token serves as the native currency for governance decisions, seamless transactions, and active user incentives. Early participants can secure the airdrop by engaging in ecosystem activities outlined in the ‘actions’ section on the platform’s website.

zkFinance

zkFinance plans to distribute a total of 20 million ZGT tokens over 100 days, with 200,000 tokens released daily. To qualify, participants must supply or borrow a minimum of $200. The estimated airdrop distribution date is in Q1 2025.

Built on advanced zero-knowledge technology, zkFinance offers a secure, scalable platform for decentralized finance (DeFi) applications. Its airdrop incentivizes user engagement, ensuring the project’s growth and adoption.

Whether you’re interested in Bitcoin scalability, gaming infrastructure, AI innovation, or fee-free ecosystems, these crypto airdrops provide a promising start to 2025. Stay informed, participate early, and seize the opportunity to engage with these groundbreaking projects. As always, however, investors must conduct thorough research and assess the risks before diving in.

Solana (SOL) has been on a downward trend since reaching an all-time high of $295.83 on January 19. The altcoin currently trades at $226, declining 23% from its peak.

With the bears regaining market control, SOL faces increasing selling pressure and waning demand.

Solana Demand Wanes as Meme Coin Hype Dwindles

The significant surge in the demand for the Solana-based meme coin TRUMP pushed SOL to a new all-time high of $295.83 on January 19. However, following Donald Trump’s January 20 inauguration and the launch of the MELANIA meme coin, TRUMP’s trading activity faded gradually. This resulted in a dip in activity on the Solana network, which has impacted SOL’s performance.

SOL trades at $226 as of this writing, noting a 9% decline over the past 24 hours. This has pushed its price below the 20-day Exponential Moving Average (EMA), a key indicator of weakening momentum. 

The 20-day EMA measures an asset’s average price over the past 20 trading days, giving more weight to recent prices to highlight short-term trends. When an asset’s price falls below this key moving average, it signals a shift in momentum to the downside, suggesting a weakening of the uptrend amid increased selling pressure.

In addition, the setup of SOL’s Moving Average Convergence Divergence (MACD) indicator supports this bearish outlook. At press time, SOL’s MACD line (blue) is poised to break below its signal line (orange).

When an asset’s MACD is set up this way, it suggests a bearish crossover, indicating that selling momentum is building, hinting at a sustained price drop. 

SOL Price Prediction: A Dip Below $210 Is Imminent

If SOL’s selling pressure strengthens, readings from its Fibonacci Retracement tool indicate that its price could fall below $210 to trade at $202.73.

On the other hand, a surge in new demand for the altcoin will invalidate this bearish projection. In that case, Solana’s price could attempt to reclaim its all-time high.

Singapore is a leading country in blockchain technology and cryptocurrency adoption. Its supportive regulatory environment, clear legal guidelines, and strategic position as a global financial hub are among the factors that have made the country so appealing for crypto businesses and innovation.

BeInCrypto spoke with Alex Svanevik, CEO and Co-founder of Nansen, a Singapore-based blockchain analytics firm, to understand what makes the country one of the most crypto-friendly nations in the world.

Singapore Leads Global Ranking for Blockchain Innovation

Countries that prioritize investments in talent, infrastructure, and regulation are positioned to lead in digital innovation and reshape global industries.

In 2024, an Apex report ranked Singapore as the top country in blockchain and crypto technology, achieving the highest score of 85.4. The nation has over 2,400 blockchain-related jobs and 81 crypto exchanges, showing its strong workforce and infrastructure development focus.

The‬‭ study‬‭ evaluated‬‭ countries‬‭ based‬‭ on‬‭ a‬‭ composite‬‭ index‬‭ that considered‬‭ factors‬‭ such‬‭ as‬‭ blockchain‬‭ patents,‬‭ job‬‭ growth,‬‭ and‬‭ the‬‭ number‬‭ of‬‭ cryptocurrency‬‭ exchanges.

“Singapore‬‭ has‬‭ established‬‭ itself‬‭ as‬‭ a‬‭ global‬‭ leader‬‭ in‬‭ the‬‭ crypto‬‭ space‬‭ due‬‭ to‬‭ its‬‭ progressive‬‭ regulatory‬‭ framework,‬‭ pro-innovation‬‭ policies,‬‭ and‬‭ robust‬‭ government‬‭ support for blockchain technology.‬‭ Clear‬‭ legal‬‭ guidelines‬‭ for‬‭ digital‬‭ assets,‬‭ a‬‭ favorable‬‭ tax‬‭ regime,‬‭ and‬‭ active‬‭ engagement‬‭ with industry stakeholders create an‬‭ environment‬‭ where‬‭ crypto‬‭ businesses‬‭ and‬‭ blockchain innovations can thrive,” said Svanevik.

The country’s reputation as a global finance and fintech center has also attracted international crypto firms and investors seeking stability and growth opportunities. 

A Balanced Regulatory Approach

An intrinsic aspect of Singapore’s success lies in its regulatory framework, which balances consumer protection without stifling innovation. 

In 2019, Singapore introduced the Payment Services Act (PSA), a comprehensive licensing regime for Digital Payment Token (DPT) service providers. 

The bill encompasses cryptocurrency exchanges and wallet providers. It enhances consumer protection, combats terrorism financing, and strengthens cybersecurity measures within the financial sector.

Alongside this legislation, the Monetary Authority of Singapore (MAS) requires detailed checks on anti-money laundering (AML) and counter-terrorism financing (CTF). Firms must also prove strong cybersecurity practices.

“‬‭This‬‭ risk-adjusted‬‭ framework‬‭ promotes‬‭ technological‬‭ progress‬‭ while‬‭ ensuring‬‭ financial‬‭ security and integrity,” Svanevik told BeInCrypto. 

These regulatory measures establish guidelines nationwide, facilitating crypto adoption for investors and consumers.

Steering Innovation with Consumer Protection

In safeguarding users against security threats or fraudulent activity, Singapore has also gained a reputation for taking consumer protection very seriously. 

For crypto businesses to operate in the country, they must comply with consumer protection laws. 

“Singapore prioritizes consumer protection within its crypto sector through stringent regulations. MAS requires DPT services providers to implement robust security protocols and conduct thorough customer due diligence. The‬‭ Singapore‬‭ Police‬‭ Force‬‭ collaborates‬‭ with‬‭ MAS‬‭ to‬‭ actively‬‭ monitor‬‭ and‬‭ address‬‭ fraudulent activities involving digital assets,” Svanevik explained. 

In November 2023, MAS announced plans to implement stricter regulations for DPT providers. These regulatory changes required service providers to adapt their operations and business practices to comply with the new regulatory framework.

The MAS implemented these new regulations in two stages. The first stage, which focused on customer asset ring-fencing, disclosures, and risk management controls, came into effect in October 2024.

The second phase will take place in six months.

“Starting June 19, 2025, new regulations mandate that crypto firms perform risk awareness assessments for retail customers to ensure informed decision-making,” Svanevik said. 

Specifically, these regulations prohibit licensed firms from offering incentives to attract retail customers. Given the inherent volatility of the cryptocurrency market, they also restrict the use of leverage or derivatives contracts referencing cryptocurrencies as underlying assets with retail investors.

Crypto firms must conduct risk awareness assessments for all existing retail customers before the enactment of the second phase of regulations as a prerequisite for continued service provision. 

A Favorable Taxation System

Singapore’s flexible tax regime has also offered significant advantages to crypto investors and businesses. 

A notable feature of Singapore’s tax system is the absence of a capital gains tax. In many countries, profits from the sale of cryptocurrencies are subject to capital gains tax, which can significantly impact investor returns. 

Singapore’s tax code differentiates personal investments from business activities. Its regime exempts personal cryptocurrency investments from the capital gains tax, providing individual investors with a more favorable tax environment. However, this exemption does not apply to business activities related to cryptocurrency trading.

With the same idea, Singapore exempts digital payment tokens like Bitcoin and Ethereum from transactions using the standard 8% Goods and Service Tax (GST). 

This exemption significantly reduces the tax burden on cryptocurrency transactions, making Singapore an attractive destination for cryptocurrency businesses, including exchanges, wallet providers, and other companies operating within the digital asset ecosystem.

Singapore’s taxation system also applies a comparatively low corporate tax rate to businesses. 

“A competitive 17% corporate tax rate supports the growth of crypto startups and blockchain enterprises, solidifying Singapore as a global innovation hub,” Svanevik told BeInCrypto.

For reference, the United States has a corporate tax rate of 21%. Estonia, another leading blockchain nation, has a rate of 22%, while South Korea’s rate stands at 27.5%. 

DBS Bank as a Vital Player in Digital Asset Adoption

Singapore’s DBS bank has played an instrumental role in creating a national platform for trading digital tokens. 

In 2020, DBS launched the DBS Digital Exchange (DDEx), becoming one of the first banks in the world to offer institutional and accredited investors access to cryptocurrency and security token trading.

In September 2022, DBS extended DDEx’s reach to 100,000 of its most influential clientele. The bank enabled accredited clients with at least $246,000 in investable assets to buy, sell, and trade available cryptocurrencies. 

Two years later, DBS expanded product offerings to include crypto options trading and structured notes for sophisticated investors. Eligible DBS clients gained broadened access to digital assets while hedging against market volatility and potentially earning yield. 

“‬DBS‬‭ Bank’s‬‭ proactive‬‭ engagement‬‭ not‬‭ only‬‭ bolsters‬‭ market‬‭ credibility‬‭ but‬‭ also‬‭ positions‬‭ Singapore‬‭ as‬‭ a‬‭ model‬‭ for‬‭ harmonizing‬‭ traditional‬‭ finance‬‭ with‬‭ emerging‬‭ blockchain‬‭ technologies.‬‭ This‬‭ alignment‬‭ of‬‭ institutional‬‭ finance‬‭ with‬‭ digital‬‭ innovation‬‭ sets‬‭ a‬‭ precedent for how global banks can adopt and scale blockchain solutions responsibly,” Svanevik said. 

The bank also introduced DBS Token Services, integrating blockchain solutions with core banking operations to streamline digital asset management. The program connects the bank’s functions to an EVM-compatible blockchain, enabling tokenization and smart contracts.

Last May, Nansen disclosed in an X post that it had identified DBS bank as the alleged owner of an ETH whale wallet holding 173,753 Ether, worth $650 million at the time.

“This‬‭ substantial‬‭ holding‬‭ underscores‬‭ the‬‭ growing‬‭ institutional‬‭ confidence‬‭ in‬‭ digital‬‭ assets,‬‭ signaling‬‭ a‬‭ pivotal‬‭ shift‬‭ where‬‭ traditional‬‭ financial‬‭ institutions‬‭ are‬‭ increasingly‬‭ integrating crypto into their core strategies,” Svanevik added. 

Given that DBS Bank is well-versed in crypto, this revelation was more of a shock than a surprise. 

An Ongoing Series of Initiatives

Singapore continued to lead in blockchain integration with several recent key initiatives. 

In 2022, Singapore entered the decentralized finance (DeFi) space with a live test of digital asset trading across liquidity pools. This live transaction, involving tokenized deposits, marked the first industry pilot conducted under the MAS’s Project Guardian.

“Project‬‭ Guardian‬‭,‬‭ spearheaded‬‭ by‬‭ MAS,‬‭ explores‬‭ asset‬‭ tokenization‬‭ to‬‭ enhance‬‭ financial market efficiency through collaboration with industry leaders,” Svanevik said. 

Last November, MAS announced adding five new pilot programs on asset tokenization as part of Project Guardian. This was part of a larger effort to develop ways to scale tokenized markets. 

“Ongoing industry pilots are advancing asset tokenization across financial sectors, reinforcing Singapore’s role as a blockchain innovation leader,” Svanevik added.

These five industry trials will explore the potential of asset tokenization. They aim to facilitate greater integration across the entire capital markets value chain, encompassing activities such as listing, distribution, trading, settlement, and asset servicing.

This week, the National University of Singapore (NUS), in collaboration with Northern Trust and UOB, announced the launch of a pioneering initiative to tokenize green bond credentials.

This initiative uses blockchain technology to enhance transparency, data integrity, and investor confidence in sustainable investment practices.

It also represents a significant step forward for NUS, making it the first university in Singapore to leverage blockchain technology for environmental, social, and governance (ESG) reporting. This initiative aims to enhance transparency, data integrity, and investor confidence in sustainable investment practices by utilizing blockchain technology.

Collaboration Between Public and Private Institutions

Singapore also actively drives blockchain adoption across both public and private sectors, according to Svanevik.

Toward the end of 2020, the Enterprise Singapore (ESG), the Infocomm Media Development Authority (IMDA), and the National Research Foundation (NRF) launched a $12 million Singapore Blockchain Innovation Programme (SBIP). 

This industry-driven initiative aimed to engage nearly 75 companies in developing 17 blockchain-related projects within the next three years, focusing initially on the trade, logistics, and supply chain sectors.

“The‬‭ Singapore‬‭ Blockchain‬‭ Innovation‬‭ Programme‬‭ (SBIP)‬‭ fosters‬‭ collaboration‬‭ among‬‭ government‬‭ agencies,‬‭ academic‬‭ institutions,‬‭ and‬‭ private‬‭ enterprises‬‭ to‬‭ enhance‬‭ blockchain capabilities,” Svanevik told BeInCrypto.

That same year, Singapore’s MAS concluded Project Ubin, a five-stage collaborative project with different financial institutions and industry players to explore using blockchain and Distributed Ledger Technology (DLT) for payments and securities settlements. 

In 2023, MAS also developed the Orchid Blueprint, a strategic framework for building a secure and efficient digital money infrastructure. This blueprint outlines key components for the safe and novel use of digital money in Singapore, drawing insights from previous industry trials and emphasizing the value of collaboration between central banks and the private sector.

“Singapore’s‬‭ proactive‬‭ approach‬‭ to‬‭ regulation,‬‭ innovation,‬‭ and‬‭ collaboration‬‭ positions‬‭ it‬‭ as a global leader in the crypto and blockchain ecosystem,” Svanevik concluded.

As Singapore invests in infrastructure, establishes regulatory clarity, and provides government support, it will likely continue to lead the leadership ranks of global crypto and blockchain innovation.