Weekly Deal Updates - June 17, 2024
gm! Welcome to another edition of the Fight Club weekly newsletter, where we highlight top crypto news and list this week’s deals.
We have a light week inside, with a single deal from a unique decentralized social oracle network, so if you are a blockchain social maxi, this one’s for you. Otherwise, enjoy some highlights from the week in crypto with top news and market data.
Subscribe to our monthly newsletter for a deeper dive into a trending topic in Web3 and project spotlight. This monthʻs topic is Bitcoin Scaling Solutions.
⚠️ 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.
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.
Social.Live is a decentralised Social Oracle Network, enabling all blockchains to be connected socially, allowing users access to and ownership of their digital footprint, and empowering protocols and apps / dapps with real-time telecommunication features.
Turtle DAO $1mm SAFT
Turtle Liquidity Protocol is designed to provide and maintain liquidity for its partners. As a flexible and easily integrated system, it works with different blockchain layers (L1, L2), bridges, base assets, and decentralized applications (dApps).
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
🏦 BNP Paribas Invests in Bitcoin ETF Amid Market Turmoil - The major European bank's investment signals growing institutional adoption of Bitcoin.
🇨🇳 ICBC Recognizes Bitcoin as 'Digital Gold' and Ethereum as 'Digital Oil' - The world's largest bank by assets compares Bitcoin and Ethereum to strategic resources.
💳 Solana Pay Expands to 100+ Cryptos for Shopify Merchants - The Solana-based payment solution aims to integrate millions of merchants into crypto commerce.
🏛 SEC Chair Hints at Imminent Approval of Ethereum ETFs - Gary Gensler's comments reignite hopes for Ethereum ETF approval by the end of summer.
🔼 DAO Token Hits Yearly Low, Presenting Potential Buying Opportunity - The DAO Maker token's sharp decline could indicate an undervalued asset.
🌍 Global Crypto Adoption Continues, Fortune 100 Companies Embrace Web3 - A record number of Fortune 100 companies announce crypto, blockchain, or Web3 initiatives in Q1 2024. (Impact, Geographical Diversity)
🔒 Crypto Thefts Highlight Need for Improved Security Measures - $19 billion in digital assets stolen over 13 years underscores the importance of addressing security concerns.
💰Bitcoin Faces 'Crucial' 36 Hours on Heightened Sensitivity to US Yields - Bitcoin's price movements are inversely correlated to the US 10-year Treasury yield, indicating potential volatility ahead of the Federal Reserve's interest rate decision and US inflation data.
🎮Uniswap Labs Acquires 'Crypto: The Game' - 'It's Ballooned Into This 24/7 Crypto Reality Show' - Uniswap Labs acquires the popular crypto game "Crypto: The Game," which has gained a cult-like following and serves as an opportunity to onboard new users into decentralized finance.
🧱XLink Partners Fireblocks, Ancilia After $10M Hack - XLink collaborates with Fireblocks and Ancilia to enhance security measures following a $10 million hack.
🇪🇸Avalanche Enables Securitize's First On-Chain RWA Transaction in Spain's Regulated Market - Securitize Europe Brokerage and Markets completed Spain's first formal on-chain secondary transaction of a tokenized financial instrument on the Avalanche blockchain.
📈 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 June 10, 2024.
Market Sentiment and Indicators
Crypto Fear and Greed Index: The index value began the week at 74, moved within the greed zone during the week, and ended at the same score of 74. 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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