Weekly Deal Updates - June 24, 2024
Deal Meeting Date
Jun 24, 2024
Sponsor
Zoth
ISO Week
26
Number of Deals
5
gm! Weโre back with another Fight Club weekly newsletter, packed with top crypto news and our very own curated new deals.
We have some interesting projects up this week, with something for the social crowd, the DeFi crowd, and the institutional AML geeks too!
Subscribe to our monthly newsletter for a deeper dive into a trending topic in Web3 and project spotlight. This monthสปs topic is Bitcoin Scaling Solutions.
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
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.
- Sanction Network $5.25mm SAFE + Token Warrant
Sanction Network aims to provide institutions with instant AI-powered AML and ZK-proof privacy Assurance. It is a blockchain service layer for managing verified identities like a decentralized Carta.
- Freename $3mm SAFE + Token Warrant
Freename is the fast-growing multi-chain Web3 Domains Namespace. Freename allows users to utilize their Web3 domains on all chains.
- Bracket Labs $750k SAFE
Bracket is building a platform for Liquid Staked DeFi that allows for the pooling of LSTs / LRTs to enhance collateral efficiency. Bracket creates high-earning passive and active trading opportunities to put LSTs / LRTs to work.
- Velvet Capital $2.5mm strategic SAFT Velvet Capital builds the Intent Operating System to streamline $200B+ DeFi portfolio management opportunity. The project provides API / SDK access to all of its modules allowing other projects to create a custom platform.
- BigInt Social NFT Marketplace $472.5k SAFT
BigInt Social NFT Marketplace is a comprehensive platform where users can buy and sell NFTs and engage with communities and projects.
๐ฐย Top Crypto News ๐ฐ
Here's the latest scoop from the blockchain, crypto, and Web3 world. ๐๐
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- ๐ค AI tokens rally as NVIDIA slumps 13% from market cap peakย - Despite Nvidia's stock decline, AI-related crypto tokens like Fetch.AI and SingularityNET saw significant gains, highlighting the growing interest in AI within the crypto space.
- ๐๏ธ Cryptocurrency Market News: Bitcoin Briefly Slips Below $60K, SEC Drops Ethereum Probeย - Bitcoin's price struggles continue, and the SEC has concluded its investigation into Ethereum without pressing charges. Hashdex has applied for a spot bitcoin-ether ETF.
- ๐ Bitcoin Posts Biggest Drop in Two Months as Liquidations Pick Upย - The crypto market faced significant losses, with Bitcoin experiencing its second-largest weekly drop of 2024. The decline is attributed to waning interest in Bitcoin ETFs and monetary policy uncertainties.
- ๐ Crypto Investment Products See $1.2 Billion Outflow in Two Weeks as Investors See 'Weakness' in Altcoinsย - Cryptocurrency investment products saw significant outflows, with investors showing weakness in altcoins. The trend reflects broader market uncertainties.
- ๐ฐย Pantera Capital is raising funds for second TON token investment - Pantera Capital is doubling down on its investment in the TON token, highlighting growing interest in Telegram-based crypto projects.
- ๐๏ธย Hong Kong parliament sets up crypto legislative subcommittee - Hong Kong is taking steps to regulate and support the crypto industry, showing increased governmental interest in blockchain technology.
- ๐ฆย Standard Chartered Launches Spot BTC, ETH Desk - Standard Chartered is setting up a trading desk for Bitcoin and Ether, marking a significant move by a major bank into crypto trading.
- ๐ต๏ธย Don't Tell Anyone, but Private Blockchains Handle Over $1.5T of Securities Financing a Month - Private blockchains are quietly handling massive amounts of securities financing, showcasing the technology's real-world applications.
- ๐ย Are market makers manipulating 78% of new crypto listings? - A study suggests that a high percentage of new token listings may be subject to market manipulation.
- ๐ผย Jump's Kariya, Who Went From Intern to Crypto Leader, Is Leaving Trading Giant - Kanav Kariya, president of Jump Crypto, is departing the firm amid a reported CFTC investigation.
- ๐ย Crypto 'Secondaries' Prices Jump as Expectations of IPOs Climb - Private shares of crypto companies are seeing increased demand as investors anticipate potential public listings.
- โกย Energy Giant EDF Subsidiary Joins Cronos as a Blockchain Validator - A subsidiary of France's state-owned energy company EDF has become a validator on the Cronos blockchain network.
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๐ย Market Data ๐
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | June 17, 2024 | June 23, 2024 | % Change |
| BTC | $66,460 | $63,221 | -4.9% |
| ETH | $3,510.36 | $3,417.80 | -2.6% |
| BNB | $603.93 | $577.11 | -4.4% |
| SOL | $143.20 | $128.54 | -10.2% |
| XRP | $0.504435 | $0.478959 | -5.1% |
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) |
| Fetch.ai(FET) | $1.66 | 32.44% | $282,173,474 |
| Lido DAO(LDO) | $2.42 | 27.48% | $323,899,001 |
| SingularityNET(AGIX) | $0.66 | 27.14% | $129,258,437 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| LayerZero (ZRO) | $2.85 | -30.06% | $198,307,305 |
| dogwifhat (WIF) | $1.82 | -16.52% | $643,938,759 |
| JasmyCoin (JASMY) | $0.03 | -13.53% | $149,027,029 |
Source: CoinMarketCap as of June 23, 2024.
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Market Sentiment and Indicators
- Crypto Fear and Greed Index: The index value began at 74 Greed, dramatically dropped during the week, and ended at 30 Fear. 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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