Weekly Deal Updates - July 15, 2024
Deal Meeting Date
Jul 15, 2024
Sponsor
Zoth
ISO Week
28
Number of Deals
5
gm! Welcome to the weekly Fight Club newsletter, a one-stop shop for top crypto news and curated new deals. We are back after a full week of EthCC in Brussels!
Subscribe to our monthly newsletter for a deeper dive into a trending topic in Web3 and project spotlight. This monthสปs topic is EigenLayer AVSs.
FC does not provide investment advice. DYOR before investing.
In this newsletter:
- ๐ฐNew Deals๐ฐ
- ๐ฐย Top News ๐ฐ
- ๐ย Market Data ๐
๐๏ธย Sponsor ๐๏ธ
Contact us if you would like to sponsor this newsletter.
๐ฐ๐ฆย Zoth RWA ๐ฆ๐ฐ
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. ๐
๐ฐย New Deals ๐ฐ
Want to learn more about a project? If we get the votes on a deal we set up an AMA. Look for the ๐ย in the forum post and place your vote.
New to Fight Club Discord? Head to #start-here to begin the onboarding process. Select the ๐งProspective Investor role in #role-select to reveal the deal forum.
- Wise $10mm SAFT
Wise Lending is a hyper-capital-efficient lend-borrow protocol. Like
Aave on steroids with better APYs, Wise Lending aims to provide best-in-class yield sources on a single platform compared with traditional lending protocols. It features a simple UI that makes it easy for non-native crypto users and a PWA in development for mobile expansion.
- Amplifi $1mm seed SAFT
Amplifi is building a cross-chain liquidity management protocol to address the complex DeFi landscape where 80% of TVL spans 9 EVM chains and over 70 unique protocols. Integrating seamlessly with protocols across the EVM ecosystem, Amplifi leverages cutting-edge AI and machine learning algorithms that dynamically rebalance assets across diverse chains and protocols.
- Incyt $1mm pre-seed SAFT
Incyt has built a next-gen trade management software that provides traders superior execution resulting in 1-5% better pricing than spot. Incytโs algos and simulation engine are already used by their OTC partners and have generated over $100k in revenue this quarter.
- Squared Labs $1.5mm seed SAFE + 1:1 token warrants
SquaredLabs democratizes derivatives creation with their permissionless Potentia protocol, unlocking new opportunities for traders and liquidity providers. Genie DEX: Built on Potentia, Genie is designed to seamlessly onboard retail users and facilitate advanced trading strategies without liquidations.
- NeurochainAI $1.8mm SAFT
NeurochainAI is revolutionizing the AI compute market with a consumer-grade hardware network to enable the AI-driven digital world. It provides developers and SMBs with all the tools required to run AI dApps under one platform: consumer-grade GPU DePIN, community-powered data collection & validation, marketplace of quantized AI models, interoperability tools, dApp Store.
๐ฐย Top Crypto News ๐ฐ
Here's the latest scoop from the blockchain, crypto, and Web3 world. ๐๐
ย
- Bitcoin Retakes $62K as 'Trump Trades' Back In Vogue After Weekend Attackย ๐ - BTC tops $62,000 following an assassination attempt on Donald Trump, boosting his odds of election victory and pro-crypto sentiment.
- Ethereum tops $3.3K as analysts tip ETF approvals this weekย ๐ - Analysts predict imminent ETH ETF approvals, driving Ethereum's price above $3,300.
- Settlement Speculation Pushes XRP to Forefront of Crypto Rallyย ๐ - XRP surges by nearly 40% amid speculation of a legal settlement with U.S. regulators.
- African blockchain venture funding down 70% in H1 2024 โ CV Labsย ๐ - Despite the funding drop, deals have increased by 9% showing potential growth in the region's blockchain sector.
- State Street Considering Several Blockchain-Based Projectsย ๐ฆ - The financial services firm is exploring options for settling blockchain payments.
- UAE Blockchain and AI Startup Sentient Labs Secure $85 Million in Seed Fundingย ๐ฐ - The round was led by billionaire Peter Thiel's Founders Fund and Pantera Capital.
- Tether (USDT) Loses Ground on Centralized Exchanges, Down to 74% Market Shareย ๐ - USDT dominance on centralized exchanges decreases.
- SEC Drops Investigation Into Paxos For BUSD Stablecoinย ๐ซ - Regulatory body ends probe into Binance-branded stablecoin issuer.
- House Fails to Overturn Biden's Veto on Crypto Custody Guidanceย ๐๏ธ - SEC offers an alternative path for crypto custody regulation.
- BlackRock Launches BUIDL, Following Franklin Templeton's Tokenized Money Market Fundย ๐๏ธ - Major asset managers enter tokenized fund space.
- Bitcoin Miners Transition to Hot AI Stocks This Summerย ๐ค - Mining companies leverage technology for AI industry expansion.
๐ย Market Data ๐
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | July 8, 2024 | July 15, 2024 | % Change |
| BTC | $56,665 | $64,835 | 14.4% |
| ETH | $3,016.08 | $3,488.54 | 15.7% |
| BNB | $510.23 | $586.50 | 14.9% |
| SOL | $139.32 | $159.92 | 14.8% |
| XRP | $0.431465 | $0.537662 | 24.6% |
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) |
| Worldcoin (WLD) | $2.86 | 44.47% | $749,770,059 |
| Internet Computer (ICP) | $10.11 | 38.90% | $181,819,090 |
| XRP (XRP) | $0.61 | 38.34% | $3,875,107,806 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| Celestia (TIA) | $6.32 | -10.49% | $97,012,634 |
| Toncoin (TON) | $7.13 | -1.65% | $220,742,456 |
| Uniswap (UNI) | $7.94 | -0.86% | $165,318,580 |
Source: CoinMarketCap as of July 15, 2024.
Market Sentiment and Indicators
- Crypto Fear and Greed Index: The index value began at 29 Fear and slightly dipped into 25 Fear before it quickly recovered across the Neutral zone, and ended at 65 Greed 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
ย
๐ฅย Join Fight Club ๐ฅ
- ๐พย Participate in our community on Discord
- โ๏ธย Follow us on Twitter
- ๐ค๐ฝย Join our Deal channel on Telegram
- ๐ผ๏ธย Mint an NFT to participate in deals and FC programs
- ๐บย Subscribe to our YouTube to see project demos
ย