Weekly Deal Updates - November 18, 2024
Deal Meeting Date
Nov 18, 2024
Sponsor
Pond AI
ISO Week
42
Number of Deals
2
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.
- Xyro $1.8mm Private SAFT
xyro.io aims to build the world's first AI-powered gamified trading platform. It leverages the power of gamification and social features to redefine crypto, making it accessible and engaging.
- MIDAO $200k Seed Extension
MIDAO aims to provide its customers with exclusive access to Web3 legislation & regulations in the Marshall Islands, so Web3 projects & DAOs can have jurisdiction to incorporate their projects that recognize their unique nature.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
- 🗳️ Crypto VCs Share Insights After Trump's Re-election and Bitcoin's Surge - A dozen crypto VCs discussed their plans following Donald Trump's re-election and Bitcoin crossing $93,000.
- 🚀 Bitcoin Enters "Euphoria Zone" - Analysts predict Bitcoin could reach between $90,000 and $125,000 by year-end as it enters the "Euphoria Zone".
- 📊 Sygnum's 2024 Survey: Institutional Investors Increasing Crypto Allocations - Sygnum's 2024 survey revealed that 57% of institutional investors plan to increase their crypto allocations.
- 💼 Goldman Sachs to set up new blockchain venture - Goldman Sachs plans to create a new blockchain venture from its digital-assets platform, aiming to allow large financial firms to create, trade, and settle financial instruments using blockchain technology. The spin-out is expected to be completed within 12 to 18 months.
- 📊 Trump and Coinbase CEO speak by phone - President-elect Donald Trump and Coinbase CEO Brian Armstrong had a phone call, signaling crypto's growing political influence. The call focused on broader crypto discussions rather than specific appointments.
- 🏆 ETHGlobal Hackathon Showcases Innovations - At ETHGlobal's hackathon in Bangkok, 10 finalists presented innovations in AI agents, DAO tools, crypto games, and more.
- 💼 FTX bankruptcy estate files $1.8B lawsuit against Binance, CZ - The FTX bankruptcy estate has initiated a significant legal action against Binance and its CEO, Changpeng Zhao, seeking $1.8 billion in damages
- 🌐 AUSD now powers AggLayer on Polygon, optimizing crosschain liquidity - AUSD has been integrated into AggLayer on Polygon, aiming to improve cross-chain liquidity and eliminate the need for token bridges.
- 🐕 Dogecoin spikes after Trump announces a Department of Government Efficiency — DOGE - DOGE price increased by 23%, pushing it above USDC and XRP in market capitalization rankings.
- 🏛️ Fed Governor Waller questions CBDC utility for payments- Federal Reserve Governor Christopher Waller expressed doubts about the usefulness of Central Bank Digital Currencies (CBDCs) for payments.
- 🌉 PayPal USD begins using LayerZero to enable transfers between Ethereum and Solana -PayPal's stablecoin, PayPal USD, has integrated LayerZero technology to facilitate transfers between the Ethereum and Solana blockchains.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | November 12, 2024 | November 19, 2024 | % Change |
| BTC | $88,265 | $92,252 | 4.5% |
| ETH | $3,260.93 | $3,112.91 | -4.5% |
| BNB | $629.14 | $615.92 | -2.1% |
| SOL | $213.07 | $237.91 | 11.7% |
| XRP | $0.712570 | $1.10 | 54.4% |
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) |
| MANTRA (OM) | $3.90 | 170.15% | $376,552,250 |
| Hedera (HBAR) | $0.12 | 107.55% | $1,453,736,512 |
| Peanut the Squirrel (PNUT) | $1.60 | 82.79% | $1,839,041,178 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| Bittensor (TAO) | $463.12 | -14.43% | $281,619,088 |
| Neiro (First Neiro On Ethereum) (NEIRO) | $0.00204 | -13.47% | $545,699,869 |
| THORChain (RUNE) | $5.09 | -8.38% | $220,959,449 |
Source: CoinMarketCap as of November 19, 2024.
Market Sentiment and Indicators
- Crypto Fear and Greed Index: During this period, the index value started at 80 (Extreme Greed) and moved within the Extreme Greed Zone throughout the week, ending at 90 (Extreme 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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