Weekly Deal Updates - July 22, 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.
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MetaCRM empowers sales and customer success teams to achieve significantly higher ROI. This leading martech company leverages AI and blockchain data to create a unique solution: a blockchain-based advertising network combined with CRM tools. This combination boosts user acquisition efficiency and customer retention rates.
Blockbrain €2.5mm Pre-Seed Extension
Blockbrain tackles the $1.3 trillion problem of knowledge silos and inefficiencies that plague enterprises. Their solution leverages three key technologies: knowledge digital twins, automation, and secure & ethical AI.
Orbita is a Layer-1 blockchain that aims to revolutionize DeFi payments through advanced AI-enabled reversible transactions, non-custodial subscription services, and a community-built DePin POS network.
Assisterr $2mm Pre-Seed SAFE + Token Warrant
Assisterr is developing an AI and tokenization technology stack focused on small language models (SLMs). This will create a network where creators and developers can collaborate on, own, and profit from domain-specific SLMs trained on curated datasets. Essentially, Assisterr empowers the creation of community-owned, specialized AI mo
Reflekt $5mm Seed SAFE + Token Warrant
Reflekt is a Web3 gaming stack that aims to democratize game development. It gives builders 100% IP ownership, access to 14 chains, and multiplayer node incentivization.
GR1D is a modular multichain gaming network designed to simplify the development, transactions, and interoperability of tomorrow's mass-market Web3 games. GR1D achieves this through multi-chain abstraction layer and cross-chain communication mechanisms.
Astra Nova $2mm Strategic Round
Astra Nova is an action RPG game co-created by and for gamers. It originated as one of the first Web3 games in Saudi Arabia's vibrant gaming landscape.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
Bitcoin ETF Inflows Topped $3 Billion Over Four-Week Period 📈 - BlackRock and Fidelity's Bitcoin funds saw significant gains, with inflows of $707 million and $244 million, respectively.
Taking off: Rewarding Flight Trackers in the Age of Web3 ✈️ - Wingbits plans to reward flight tracking enthusiasts with blockchain-based incentives.
Hong Kong to launch Asia’s first inverse Bitcoin ETF 🌏- CSOP’s new inverse Bitcoin ETF aims to profit from BTC price declines following their successful 2022 launch of the firm’s Bitcoin Futures ETF.
State Street Explores Creating a Stablecoin 🏦 - Financial institution State Street is investigating the creation of its own stablecoin as part of its blockchain integration strategy.
TON Foundation Announces Trustless Bitcoin Bridge 🌉 - The TON Foundation has developed a trustless Bitcoin bridge to enhance interoperability between Bitcoin and The Open Network (TON).
Crypto OTC Spot Trades Boom 95% in H1 2024 💼 - Over-the-counter (OTC) spot trades in the crypto market have surged by 95% in the first half of 2024, indicating growing demand for large-scale transactions.
Ethereum ETFs Approved by SEC, Bringing Popular Funds to Second-Largest Cryptocurrency 📜 - Issuers received approval for their latest S-1 filings, which means that the funds could begin trading as early as the 23rd of this month.
Vitalik Buterin Cautions Against Supporting Candidates Solely for Pro-Crypto Stances ⚖️ - Ethereum co-founder Vitalik Buterin advises against supporting political candidates solely based on their pro-crypto positions.
Hong Kong to Prepare Stablecoin Legislation as Public Consultation Ends - 🇭🇰Hong Kong authorities plan to introduce a bill into the Legislative Council before year-end.
📈 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 July 22, 2024.
Market Sentiment and Indicators
Crypto Fear and Greed Index: During this period, the index value began at 65 Greed, slightly fluctuated within the Greed Zone, and ended at 70 Greed. 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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