Weekly Deal Updates - July 1, 2024
Deal Meeting Date
Jul 1, 2024
Sponsor
Zoth
ISO Week
26
Number of Deals
4
gm! Welcome back to the weekly Fight Club newsletter. You’re one-stop-shop for top crypto news and our very own curated new deals.
We have four deals, including an updated deck from our sponsor, Zoth, who are making huge progress and generating millions in revenue in the RWA realm. Also, if Big Data piques your interest be sure to check out Libera. They’re bringing brand purchasing insights to millions of stores in untapped emerging markets.
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. 🚀
💰 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.
- Libera $2mm seed SAFT
Libera combines AI and blockchain to capture billions of untracked retail purchases in emerging markets. Libera brings millions of small store data on-chain to unlock key trends and boost transaction visibility. It aims to enhance supply chains, improve SME profitability, and democratize finance for small merchants and major brands.
- Zoth $2.5mm private round 2 SAFT
Zoth creates secured, fixed yields by bringing Real World Assets (RWAs) to DeFi. Lenders provide financing to SMEs for invoice factoring, asset leasing, and inventory financing. They receive the ZOTH token, which can generate additional yield from staking.
- WalletD $6mm SAFT
WalletD is a liberally licensed, security-focused, open-sourced toolkit. Developed by the Monero core developer, WalletD powers hardware wallets with a Rust-embedded variant.
- Spark $4.5mm seed SAFT
Spark aims to provide the fastest on-chain central limit order book (CLOB) with perpetual swaps. It features 50ms transaction through-flow (TTF) and free order creations and cancellations.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
- 📊 Crypto Investment Products See Third Straight Week of Outflows - Digital asset investment products experienced outflows for the third consecutive week, though the pace slowed, potentially indicating a shift in sentiment.
- 📉 Ether investment products record largest outflows since 2022 - Investors withdrew $61 million from Ether funds between June 24-29, the highest outflow volume since 2022.
- 🏦 The U.S. and Germany just sold off almost 5000 bitcoins—they should have added them to foreign reserves - Governments' decisions to sell seized bitcoins are influencing market dynamics, raising questions about long-term holding strategies.
- 🔗 BNB Chain announces new BEP-341 proposal - The "Governance Enabled Continuous Block Production" proposal aims to improve transaction processing capacity on BSC.
- 🌐 Solana Foundation launches Solana Actions and blockchain links - New developer tools aim to create a seamless Web3 experience for users.
- 💰 Ora raises $20 million for AI integration in dapps - The blockchain project aims to incorporate AI into decentralized applications.
- 📊 VanEck and 21Shares file for spot Solana ETFs in the US - Major asset managers seek to expand crypto ETF offerings.
- 🏛️ Judge dismisses counts related to BUSD, BNB sales in SEC-Binance lawsuit - A judge has dismissed several counts in the SEC's lawsuit against Binance, specifically related to the sales of BUSD and BNB, impacting the regulatory landscape for crypto exchanges.
- 📜 New IRS Regulations Mandate Crypto Transaction Reporting by 2026 - The IRS has introduced new regulations requiring detailed reporting of crypto transactions by 2026, aiming to increase transparency and compliance.
- 🌏 Why Swiss and Hong Kong crypto regulations will lead the DeFi revolution - Regulatory advancements in Switzerland and Hong Kong are poised to drive significant growth and innovation in the DeFi sector.
- 🔄 Matter Labs introduces ZKsync 3.0 roadmap - The upgrade aims to make the ZKsync ecosystem more interconnected with a new "Elastic Chain" concept.
- 🔐 Algorand Foundation introduces LiquidAuth - A new decentralized, open-source authentication tool for enhanced security and privacy.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | June 23, 2024 | June 30, 2024 | % Change |
| BTC | $66,460 | $62,734 | -5.6% |
| ETH | $3,510.36 | $3,435.32 | -2.1% |
| BNB | $603.93 | $581.78 | -3.7% |
| SOL | $143.20 | $146.43 | 2.3% |
| XRP | $0.504435 | $0.475447 | -5.7% |
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) |
| Ethereum Name Service (ENS) | $32.03 | 36.26% | $222,977,526 |
| Mog Coin (MOG) | $0.000001886 | 36.20% | $34,820,635 |
| Akash Network (AKT) | $3.84 | 27.30% | $50,876,251 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| Artificial Superintelligence Alliance (FET) | $1.33 | -21.50% | $152,222,900 |
| Lido DAO (LDO) | $2.01 | -17.09% | $120,101,781 |
| Pendle (PENDLE) | $4.97 | -16.57% | $41,101,537 |
Source: CoinMarketCap as of June 30, 2024.
Market Sentiment and Indicators
- Crypto Fear and Greed Index: The index value began at 30 Fear, recovered during the week, and ended at 47 Neutral. 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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