Weekly Deal Updates - September 9, 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 Web3 Gaming.
⚠️ 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.
🧠 🤖 Pond AI 🤖 🧠
Pond is a crypto-native AI model using graph deep learning trained with on-chain data to predict on-chain behaviors and streamline the development of AI-powered crypto-native applications in DeFi, social, trading, MEV, and security sectors.
The technical team brings extensive research and engineering experience from world-leading graph ML and AI companies, with over 40 publications in prestigious AI journals and conferences, including IEEE, Nature, Harvard Business Review, ICML, NeurIPS, CVPR, and PNAS. 🚀
Check out Pondʻs prediction base model and security model. 📈
Follow Pond’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.
HiFi $5mm Seed SAFE +token warrant
HIFI aims to enable the next generation of fintech to move money across the world through simple developer APIs. HIFI bridges stablecoins with banking rails and financial applications.
Azos Finance $1mm Seed SAFE + token warrant
Azos Finance is an over-collateralized stablecoin protocol backed by real-world impact assets, designed to become the center of on-chain climate debt financing.
Lendr.fi aims to create high-yield real-world asset (RWA) tokens with global access for any asset class through liquid staking, such as 30%+ APY on U.S. real estate.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
📊 Crypto Fund Outflows Were Most Since March Last Week as Bitcoin ETFs Bled - Bitcoin ETFs experienced significant outflows, contributing to the largest crypto fund outflows since March.
💼 Crypto Retail Market Is Poised for a Rebound: Gemini - A survey by Gemini suggests that digital asset adoption has remained steady in the U.S. and U.K. despite recent challenges, pointing to a potential rebound in the retail crypto market.
🖼️ 96% of NFTs Now Considered "Dead" - Research shows a dramatic decline in the NFT market, with the average lifespan of an NFT shrinking to just 1.14 years.
💵 Crypto fundraising is seeing ‘signs of recovery:’ PitchBook - Token launches could also see a comeback this fall, PitchBook’s Robert Le said
💰 Russia Legalizes Crypto for International Payments - Russia enacts laws to allow cryptocurrency use for international payments, potentially as a means to circumvent Western sanctions.
💰 SEC Collected $4.68 Billion From Crypto Industry in 2024 - The SEC's crackdown resulted in a record $4.68 billion in fines, a 3,018% increase from 2023, primarily due to the Terraform Labs case.
🏦 Coinbase Layer-2 Success Shows Power of Marketing Over Cutting-Edge Tech Coinbase's Base layer-2 network has seen success with its "Onchain Summer" promotion, highlighting the importance of marketing in crypto adoption.
🪙 MakerDAO rebrands to Sky, DAI stablecoin optionally upgradeable to USDS - New upgradeable versions of its stablecoin and governance tokens are set to roll out on Sept. 18.
💡 Ripple Announces Advanced Programmability for XRP Ledger - Ripple is set to introduce smart contracts to its XRP Ledger, increasing its utility within the developer ecosystem.
🤖 Bernstein says crypto micropayments are key to avoiding AI financial economy bottleneck - Bernstein analyst Gautam Chhugani argues that while the convergence between crypto and AI is already underway, stablecoins present the greatest opportunity.
📈 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 September 10, 2024.
Market Sentiment and Indicators
Crypto Fear and Greed Index: During this period, the index value began at 27 Fear, dropped to 22 Fear, and recovered to 26 Fear at the end of the week. 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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