Weekly Deal Updates - July 29, 2024
Gm! Welcome to the weekly Fight Club newsletter, a one-stop shop for top crypto news and curated new deals.
Subscribe to our monthly newsletter for a deeper dive into a trending topic in Web3 and project spotlight. This monthʻs topic is EigenLayer AVSs.
⚠️ FC does not provide investment advice. DYOR before investing.
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.
Kokodi $1.56mm seed and private SAFT
Kokodi is a third-person fantasy extraction shooter created by an experienced team focused on gaming. The pre-alpha version is live on the Epic Game store and notable investments include Immutable X, Beam, Merit Circle, and Avalanche.
MetaLine X is a modular DEPIN computing layer providing scalable and composable solutions for fully on-chain gaming. MetaLine Xʻs comprehensive services include infrastructure architecture, game plug-ins, data analysis, and game development incubation. Investors include Gate Labs, Bing Ventures, DWF, Infinity Labs, Paka, Gems, and RankerDAO.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
🚀 Bitcoin Touches Highest Level Since Mid-June After Trump's Pro-Crypto Stance - Bitcoin's price surged after former President Donald Trump expressed support for the cryptocurrency, marking its highest level since mid-June.
💼 SEC backs down on claims that SOL, ADA, MATIC, and other tokens are securities in Binance suit - The SEC has retracted its request for a court ruling to classify tokens such as Solana, Cardano, and Polygon as securities.
🌟 Crypto game Hamster Kombat allocates 60% of token airdrop to players in new whitepaper - The Hamster Kombat team claims it will be the largest airdrop in the history of crypto.
🪙 ****Bernstein says mining hardware is a $20 billion opportunity amid Trump's push to 'make bitcoin' in the US - The analysts see this as favorable for U.S. Bitcoin miners amid Donald Trump’s recent push to “make bitcoin” in America.
🌐 Coinbase-backed Router Protocol launches its own Layer 1 blockchain - Router Protocol has launched Router Chain - a Layer 1 network focused on multi-chain dapps.
🇬🇧 Bank of England to Carry Out CBDC, Digital Ledger Experiments - In a new discussion paper, the U.K. central bank also said it wants to ensure stablecoins are interchangeable with the pound
🏁 Circle Said to Be Trading Around $5B Valuation Ahead of Planned IPO - The issuer of stablecoin USDC was valued at as much as $9 billion when it first tried to go public in a failed SPAC deal in 2022.
📈 There won’t be a ‘long list of crypto ETFs,’ BlackRock’s Robert Mitchnick says - BlackRock Head of Digital Assets Robert Mitchnick said at the Bitcoin 2024 conference that the launch of spot Ethereum ETFs is unlikely to open the door to funds that track other crypto assets.
🤑 Web3 AI firm Hyperbolic raises $7 million in seed funding - Polychain Capital and Lightspeed Faction led a $7 million seed round in the web3 AI cloud startup Hyperbolic.
📈 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:
Market Sentiment and Indicators
Crypto Fear and Greed Index: During this period, the index value began at 70 Greed, maintained flat within the Greed Zone, and ended at 74 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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