Weekly Deal Updates - November 25, 2024
Deal Meeting Date
Nov 25, 2024
Sponsor
Pond AI
ISO Week
43
Number of Deals
6
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 the ZK-TLS.
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. 🚀
💰 New Deals 💰
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.
- DeSyn Protocol $2mm Private SAFT
DeSyn Protocol is an innovative decentralized asset management modular infrastructure on Web 3, empowering users to securely and transparently create and manage customized pool-based portfolios with various on-chain assets via smart contract.
- Nodo $2.5mm Seed SAFT
NODO is an innovative omnichain social futures trading platform that combines gamification with prediction markets, enabling users to earn daily rewards and participate in governance through their contributions to market sentiment.
- Gamety $1.8mm Private SAFT
Gamety is the next-gen gamified marketing platform that merges gaming entertainment with advertisement and engagement solutions.
- VersaX $200k Private SAFT
VersaX is a non-custodial, cross-chain AI-driven trading application seamlessly integrated with Telegram and Web3 platforms like Bybit, Aerodrome, Paraswap, and Velodrome.
- Torram $1mm Seed SAFE + 2:1 Token Warrants
Torram is building the rails - an oracle network and indexer, for the future of Institutional DeFi and RWAs using Bitcoin as a natively secured settlement layer.
- Quabble $500k Bridge SAFE Quabble is mental-wellness platform with personalized AI-powered, gamified mind workouts. Quabble has received 4.5 stars on Google Play and 4.7 stars on Apple Store.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
- Cantor Fitzgerald Acquired 5% Ownership Stake in Tether
The Wall Street Journal reported that the equity stake was potentially valued at as much as $600 million.
- Tornado Cash Developer's Detention Extended by Dutch Court
Alexey Pertsev, Tornado Cash developer sentenced for money laundering, had his detention extended by a Dutch court, complicating his ability to prepare an appeal against his five-year prison sentence.
- French Gaming Authority Blocks Polymarket
Polymarket blocked access for French traders after the country's gaming authority launched an investigation into its compliance with gambling laws, highlighting regulatory challenges for prediction markets.
- Cash-Settled Bitcoin ETF Index Options Launch December 2 on CBOE CBOE Global Markets announced the launch of cash-settled index options tied to spot Bitcoin ETFs on Dec. 2, offering institutional and retail investors a simplified way to hedge or speculate on Bitcoin's price movements.
- Sky Mavis Lays Off 21% Of Its Staff Sky Mavis, creator of Axie Infinity, laid off 21% of its staff in a move to refocus on core products and prepare for accelerated growth in 2025, despite claiming strong financial health.
- WisdomTree Established A Trust Entity For An XRP ETF WisdomTree has established a trust entity in Delaware for an XRP exchange-traded fund — the preliminary step for approval from the U.S. Securities and Exchange Commission (SEC) in launching a fund.
- Solana's DEX Trading Volume Passed $100B Solana's DEX trading volume exceeded $100B for the first time in November, reaching $109.8B, nearly double Ethereum's $55B for the month.
- Base Throughput Surges Past 100 Transactions Per Second Daily throughput on Base surged past 100 transactions per second. The milestone makes Base the first Ethereum L2 to achieve triple-digit throughput.
- MicroStrategy Adds $5.4 Billion in Bitcoin to Their Treasury MicroStrategy unveiled a $5.4 billion Bitcoin purchase Monday, lifting its total holdings to 386,700 BTC—or $37.6 billion worth.
- President-elect Donald Trump Nominates Cantor Fitzgerald CEO Howard Lutnick As Secretary of Commerce Lutnick has long been an ally of the crypto industry, most notably due to Cantor Fitzgerald being the banking partner and custodian of US treasuries for the stablecoin giant, Tether.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | November 19, 2024 | November 25, 2024 | % Change |
| BTC | $92,252 | $93,005 | 0.82% |
| ETH | $3,112.91 | $3,417.29 | 9.78% |
| BNB | $615.92 | $635.26 | 3.14% |
| SOL | $237.91 | $234.54 | -1.42% |
| XRP | $1.10 | $1.41 | 28.2% |
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:
| Token | Price | % Price Change(7d) | Volume (24hr) |
| Big Dog Fink (BINK) | $0.003064 | 1723.7% | $6,841,001 |
| Just a chill guy (CHILLGUY) | $0.4471 | 1392.5% | $211,545,659 |
| tokenbot (CLANKER) | $85.67 | 1200.7% | $13,530,547 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| Hasbulla's Cat (BARSIK) | $0.05998 | -72.6% | $11,038,987 |
| Bertram The Pomeranian (BERT) | $0.05286 | -66.9% | $10,351,509 |
| Comedian (BAN) | $0.1196 | -53.3% | $174,271,998 |
Source: CoinMarketCap as of November 25, 2024
Market Sentiment and Indicators
- Crypto Fear and Greed Index: During this period, the index value started at 90 (Extreme Greed) and moved within the Extreme Greed Zone throughout the week, ending at 82 ( 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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