Weekly Deal Updates - August 5, 2024
Gm! Welcome to the weekly Fight Club newsletter, a one-stop shop for top crypto news and curated new deals.
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In this newsletter:
💰New Deals💰
📰 Top News 📰
📈 Market Data 📉
🗞️ Sponsor 🗞️
Contact us if you would like to sponsor this newsletter.
💰🏦 Zoth RWA 🏦💰
The real-world asset (RWA) narrative continues to gain momentum, with financial institutions showing strong interest in adopting it.
Zoth is an RWA DeFi infrastructure company bringing fixed-yield products on-chain. Their products deliver fixed, sustainable, and secure yields from real-world assets. Zoth is live on Mainnet and across 8 blockchains with over $75M+ in credit originated and a further $11M deployed/contracted.
They launched Atlas, a community-incentivized portal with 1.2M+ wallets, attracting DeFi natives with sustainable on-chain RWA yields.
Zoth plans new asset classes, permissionless products, partnerships, and a token launch soon. 🚀
Follow Zoth’s journey on Twitter now!
💰 New Deals 💰
Deal participation and allocation are reserved for Fight Club NFT holders.
Want to learn more about a project? If we get the votes on a deal we set up an AMA. Look for the 🚀 in the forum post and place your vote.
New to Fight Club Discord? Head to #start-here to begin the onboarding process. Select the 🧐Prospective Investor role in #role-select to reveal the deal forum.
Hivello $4.5mm Private Strategic SAFE + Token Warrant
Hivello is democratizing access to DePIN by providing a user-friendly platform that leverages existing Web 2.0 interfaces to lower entry barriers for ordinary users. Through a simplified, secure, and familiar platform, individuals generate passive income with their hardware, thereby fostering broader adoption and engagement within the DePIN ecosystem.
Redefined consolidates access to all your digital assets with a single, simple app. Powered by Chain Abstraction and General Message Passing (GMP), it allows you to seamlessly view, trade, earn, and invest across any blockchain.
Kryptos is building the Plaid ($14B) for Web3, pioneering the first-ever financial data protocol layer to enable secure, seamless Web3 financial data connectivity and enhance interoperability.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
Bitcoin Tumbles to $53K, Ether Turns Negative for 2024 as Panic Grips Markets 📉 - Bitcoin fell to $53,000, and Ether turned negative for 2024 amid market panic.
Solana Suffers 30% Weekly Drop as Alt-Coins Hammered in Crypto Crash 📉 - Solana, Link, and Uniswap tokens dropped 30% over the past week, highlighting a tough period for altcoins.
Large Bitcoin Holders Added $5.4B in BTC in July, Data Show 💰 - Large holders resorted to bargain hunting in July as the cryptocurrency experienced two-way price volatility.
July crypto hacks total $266M, WazirX leads losses 🛡️ - The crypto ecosystem lost $266 million across 16 attacks in July 2024, with WazirX being the largest victim.
OpenEden brings tokenized U.S. Treasury bills to XRP ledger 🏦 - OpenEden announced the tokenization of U.S. Treasury bills on the XRP ledger.
Aptos Foundation launches Ondo U.S. Dollar Yield stablecoin 💰 - Aptos Foundation introduced USDY, a yield-bearing stablecoin backed by U.S. Treasuries.
USDC trading volume soars 48% in July, driven by MiCA, market growth - The market capitalization of stablecoins increased by 2.1% to $164 billion in July, the highest level since April 2022.
Cartridge Secures $7.5M to Build On-Chain Games - Cartridge secures its Series A funding led by Bitkraft Ventures for fully on-chain game infrastructure.
California DMV Makes History, Digitizes 42 Million Car Titles on Avalanche Blockchain 🚗 - Oxhead Alpha announced a large-scale implementation for California’s Department of Motor Vehicles (DMV) on Avalanche, successfully digitizing 42 million car titles as part of an ongoing effort by the state to modernize the title transfer process for California drivers and DMV representatives.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Source: DefiLlama One-Year Weekly Transaction Volume
Top Cryptocurrencies
Source: CoinGecko Closing Prices.
Significant Gainers and Losers
Criteria: 1) Volume (24h) > US$50,000; 2) Have gained or lost the most in the last 7 days.
Active Gainers:
Active Losers:
Source: CoinMarketCap as of August 5, 2024.
Market Sentiment and Indicators
Crypto Fear and Greed Index: During this period, the index value began at 74 Greed, dropped drastically across the Neutral Zone and Fear Zone, and ended at 17 Extreme Fear. The index is recalculated daily, reflecting the emotional state of the market, which can influence trading behaviors.
Source: Crypto Fear and Greed Index
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