🗞️

Weekly Deal Updates - April 15, 2024

Deal Meeting Date

Apr 15, 2024

Sponsor

Match Chain

ISO Week

Number of Deals

GM! Fight Club is starting a new weekly newsletter where we list the deals that we’ve received in the past week and highlight top crypto news. Click each deal link for more information listed on our Discord. 

New to Fight Club Discord? Select the 🧐Prospective Investor role in #role-select.

⚠️

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. 

🔥🔗 Match Chain 🔥🔗

With Match Chain testnet exceeding 100 million transactions and attracting over 6 million monthly active users, Match Chain has emerged from its stealth mode to scale its user base, which exceeds 700k+ SBT users.

Match Chain is an interoperable middle layer that bridges Web2 and Web3, accelerating mass adoption. It simplifies building user-friendly protocols with MatchID, a low-barrier DID system. MatchID lets users import from Web2 and move between blockchains (Ethereum, Solana, Cosmos, Aptos) without creating new accounts. MatchHub, a unified login platform, grants seamless access to protocols with a single sign-in using DIDs. 

Discover more here.

💰 New Deals 💰

Deal participation and allocation is reserved for Fight Club NFT holders.

Dexponent $2mm SAFE + token warrants seed

NOTE: Only strategic small checks / raised 1.2M and might close the remaining in next 2 weeks

Dexponent is an institutional liquid staking platform with no compliance risk. Liquid staking and re-staking is a rapidly growing market and the most profitable sectors currently and will continue growing in step with the ETH and other PoS ecosystem growth.

Cold.xyz $9mm SAFE seed

Cold is building an audited cold storage solution in preparation for the explosive growth of assets pegged to digital assets.  Cold.xyz combines industry-leading security models with a robust audit and attestation engine, ensuring verifiable proof of assets and proof of reserves (provisional patents pending). 

Kast $2mm SAFT seed

Kast is a VASP-licensed digital bank that offers a global credit card for stablecoin spending, a licensed bank with payment processing, FX, and lending.  Kast aims to become the fastest growing global bank without owning a bank account.  Kast owns a Polish VASP license and is applying for a Canadian MSB license.

Virtual Labs $2.5mm SAFE + token warrants seed

Virtual DEX by Virtual Labs is the most capital-efficient DEX made possible through single-asset pools and ZK State Channels, built on Bitcoin L2s. They offer the best prices to users and comparatively higher yields to LPs. 

Nealthy $1.5mm SAFE + token warrants seed Nealthy is leading the next wave of crypto adoption, carving out a niche in the $462 billion index market by creating infrastructure for enhanced ETFs on-chain. They have received initial approval from VARA (UAE) for multiple virtual asset service provider licenses.

Star Labs $3.5mm SAFT seed Star Labs is a pioneering laboratory driving innovation in the Bitcoin ecosystem including Anonymous Decentralized Verification Solutions, Liquidity as a Service, and AMP Protocol supporting different Bonding Curves.

NFT Bridges $500k SAFT seed

NFT Bridges pioneers an essential infrastructure for the seamless transfer of NFTs across blockchain ecosystems, unlocking new levels of liquidity and market potential.   Their platform simplifies the complex process of NFT bridging, providing an accessible solution for collections to expand their reach and value across multiple chains.

Azos $2mm SAFE + token warrants seed

Azos is a DeFi protocol that offers on-chain lines of credit through their over-collateralized ZAI stablecoin.  They are targeting tokenized green bonds, carbon credits, and renewable energy certificates.

Shardeum $25mm SAFT series A

Shardeum is an EVM-based Layer 1 blockchain designed for linear scalability. It promises low gas fees indefinitely while maintaining true decentralization and robust security through dynamic state sharding

Layer Edge $600k SAFE + token warrants seed

Layer Edge is a Bitcoin L2 featuring optimistic Rollups with EVM compatibility to scale Bitcoin and enable DeFi applications. Offers near-zero fees, enhanced scalability, and Bitcoin’s security.  Layer Edge utilizes batching to compress data for secure storage on a DA layer and state root storage on Bitcoin.

📰 Top Crypto News 📰

Alright, buckle up! Here's the scoop from the blockchain, crypto, and Web3 world, served fresh and with a side of sass, just how you like it! 🚀

Hong Kong Says "Yes" to BTC and ETH ETFs - On April 15, Hong Kong gave the green light for trading spot BTC and ETH ETFs. This move had the Indian Web3 community throwing virtual high-fives all over the place, calling it a "landmark" decision. Talk about setting the stage for crypto's global takeover! 🌏 Link

Crypto Prices Bounce Back - On April 17, Bitcoin decided to strut its stuff above $64K, and Ethereum wasn't far behind, flexing above $3,100. Solana, XRP, and a few other cool kids also joined the rebound party. It's like the crypto version of a glow-up! 💅 Link

BytePlus and Mysten Labs BFFs - BytePlus teamed up with Mysten Labs to sprinkle some Sui blockchain magic into their tech. This partnership is all about boosting gaming and social apps, proving once again that blockchain and friends make everything better. 🕹️ Link

Blockchain Gaming's Weekly Tea - The blockchain gaming world had its ups and downs, with Zeedz raising $1M and Forge bagging $11M in seed funding. Meanwhile, Trailblazer's Eternal Dragons game said "bye-bye" but promised a classy exit with a buyback program for NFT holders. Drama and dollars, folks! 👾 Link

GBTC's Outflow Overpowers - For three days straight, GBTC's outflows have been stealing the spotlight from other spot bitcoin ETFs. It's like GBTC decided to go on a diet and shed some $79.4M. Meanwhile, the Ark 21Shares Bitcoin ETF also felt the pinch. 💸 Link

Paris Blockchain Week Wows - Paris Blockchain Week showed off some serious Web3 traction and innovation. It's like Paris Fashion Week but for blockchain, darling. The city of love is also the city of smart contracts now. 💖 Link

Bitcoin Halving Hype - A survey predicts a surge in institutional investment post-Bitcoin halving. It's like everyone's waiting for Bitcoin to get a haircut so they can throw money at it. 💇‍♂️ Link

Crypto Bro Fyre Fest in Dubai - A luxe desert confab for crypto aficionados in Dubai got washed out by wild floods. It's like Fyre Fest all over again, but with more blockchain and less Ja Rule. 🌊 Link

And there you have it, the latest and greatest from the crypto universe. Remember, in the world of blockchain and Web3, it's always a rollercoaster ride, so keep your seatbelts fastened and your sense of humor ready! 🎢

📈 Market Data 📉

Total Value Locked (TVL) Growth

Aave demonstrated the best TVL performance in the last week, followed by Neutrino, Iron Bank, and Voyager.

Ethereum's Layer 2 TVL has seen significant growth, nearing $30 billion, with a 12.08% increase over the last week.

The DeFi sector's TVL has reached $60 billion, marking a robust resurgence with a 4.50% growth in the last seven days for leading protocols like Lido Finance.

Top Token Gains

SUKU saw the highest gain, increasing by 43.82%.

Dogelon Mars (ELON) followed with a 39.39% increase.

Crypto One Stop Solution (COS) experienced a 30.54% rise.

Top Token Losses

Elon Xmas (XMAS) faced the most significant loss, dropping by 96.31%.

Price Gap (PGT) decreased by 85.39%.

Redluna (REDLUNA) went down by 79.68%.

Market Capitalization and Price Movements

The global crypto market cap is currently valued at $2.28 trillion, marking a decrease of 5.20% over the last day.

Bitcoin and Ethereum, the leading cryptocurrencies, have shown negative movements with Bitcoin at -1.54% and Ethereum at -2.42% in the last 24 hours.

Notable Trends and Insights

There has been a noticeable shift in investment towards Ethereum's Layer 2 solutions and DeFi protocols, driven by the growth in TVL and the increasing popularity of memecoins on platforms like Base.

The memecoin mania continues to influence the market, with significant capital inflows into DeFi sectors highlighted by tokens like Degen (DEGEN) and Base God (TYBG).

Summary and Key Takeaways

This week's crypto market has shown a mix of robust growth in specific sectors and volatility in token prices. The significant increase in TVL, especially in Ethereum's Layer 2 and DeFi protocols, indicates a strong investor interest in these areas despite the overall market cap decline. Top token gains highlight the speculative nature of the market, driven by trends like memecoins, while the sharp losses in some tokens remind of the high-risk environment. Moving forward, monitoring these trends will be crucial for understanding potential shifts in investor sentiment and market dynamics.

🥊 Join Fight Club 🥊

👾 Participate in our community on Discord

✖️ Follow us on Twitter

🤝🏽 Join our Deal channel on Telegram

🖼️ Mint an NFT to participate in deals and FC programs

📺 Subscribe to our YouTube to see project demos

Weekly Deal Updates - April 15, 2024

Deal Meeting Date

Apr 15, 2024

Sponsor

Match Chain

ISO Week

Number of Deals

GM! Fight Club is starting a new weekly newsletter where we list the deals that we’ve received in the past week and highlight top crypto news. Click each deal link for more information listed on our Discord. 

New to Fight Club Discord? Select the 🧐Prospective Investor role in #role-select.

⚠️

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. 

🔥🔗 Match Chain 🔥🔗

With Match Chain testnet exceeding 100 million transactions and attracting over 6 million monthly active users, Match Chain has emerged from its stealth mode to scale its user base, which exceeds 700k+ SBT users.

Match Chain is an interoperable middle layer that bridges Web2 and Web3, accelerating mass adoption. It simplifies building user-friendly protocols with MatchID, a low-barrier DID system. MatchID lets users import from Web2 and move between blockchains (Ethereum, Solana, Cosmos, Aptos) without creating new accounts. MatchHub, a unified login platform, grants seamless access to protocols with a single sign-in using DIDs. 

Discover more here.

💰 New Deals 💰

Deal participation and allocation is reserved for Fight Club NFT holders.

Dexponent $2mm SAFE + token warrants seed

NOTE: Only strategic small checks / raised 1.2M and might close the remaining in next 2 weeks

Dexponent is an institutional liquid staking platform with no compliance risk. Liquid staking and re-staking is a rapidly growing market and the most profitable sectors currently and will continue growing in step with the ETH and other PoS ecosystem growth.

Cold.xyz $9mm SAFE seed

Cold is building an audited cold storage solution in preparation for the explosive growth of assets pegged to digital assets.  Cold.xyz combines industry-leading security models with a robust audit and attestation engine, ensuring verifiable proof of assets and proof of reserves (provisional patents pending). 

Kast $2mm SAFT seed

Kast is a VASP-licensed digital bank that offers a global credit card for stablecoin spending, a licensed bank with payment processing, FX, and lending.  Kast aims to become the fastest growing global bank without owning a bank account.  Kast owns a Polish VASP license and is applying for a Canadian MSB license.

Virtual Labs $2.5mm SAFE + token warrants seed

Virtual DEX by Virtual Labs is the most capital-efficient DEX made possible through single-asset pools and ZK State Channels, built on Bitcoin L2s. They offer the best prices to users and comparatively higher yields to LPs. 

Nealthy $1.5mm SAFE + token warrants seed Nealthy is leading the next wave of crypto adoption, carving out a niche in the $462 billion index market by creating infrastructure for enhanced ETFs on-chain. They have received initial approval from VARA (UAE) for multiple virtual asset service provider licenses.

Star Labs $3.5mm SAFT seed Star Labs is a pioneering laboratory driving innovation in the Bitcoin ecosystem including Anonymous Decentralized Verification Solutions, Liquidity as a Service, and AMP Protocol supporting different Bonding Curves.

NFT Bridges $500k SAFT seed

NFT Bridges pioneers an essential infrastructure for the seamless transfer of NFTs across blockchain ecosystems, unlocking new levels of liquidity and market potential.   Their platform simplifies the complex process of NFT bridging, providing an accessible solution for collections to expand their reach and value across multiple chains.

Azos $2mm SAFE + token warrants seed

Azos is a DeFi protocol that offers on-chain lines of credit through their over-collateralized ZAI stablecoin.  They are targeting tokenized green bonds, carbon credits, and renewable energy certificates.

Shardeum $25mm SAFT series A

Shardeum is an EVM-based Layer 1 blockchain designed for linear scalability. It promises low gas fees indefinitely while maintaining true decentralization and robust security through dynamic state sharding

Layer Edge $600k SAFE + token warrants seed

Layer Edge is a Bitcoin L2 featuring optimistic Rollups with EVM compatibility to scale Bitcoin and enable DeFi applications. Offers near-zero fees, enhanced scalability, and Bitcoin’s security.  Layer Edge utilizes batching to compress data for secure storage on a DA layer and state root storage on Bitcoin.

📰 Top Crypto News 📰

Alright, buckle up! Here's the scoop from the blockchain, crypto, and Web3 world, served fresh and with a side of sass, just how you like it! 🚀

Hong Kong Says "Yes" to BTC and ETH ETFs - On April 15, Hong Kong gave the green light for trading spot BTC and ETH ETFs. This move had the Indian Web3 community throwing virtual high-fives all over the place, calling it a "landmark" decision. Talk about setting the stage for crypto's global takeover! 🌏 Link

Crypto Prices Bounce Back - On April 17, Bitcoin decided to strut its stuff above $64K, and Ethereum wasn't far behind, flexing above $3,100. Solana, XRP, and a few other cool kids also joined the rebound party. It's like the crypto version of a glow-up! 💅 Link

BytePlus and Mysten Labs BFFs - BytePlus teamed up with Mysten Labs to sprinkle some Sui blockchain magic into their tech. This partnership is all about boosting gaming and social apps, proving once again that blockchain and friends make everything better. 🕹️ Link

Blockchain Gaming's Weekly Tea - The blockchain gaming world had its ups and downs, with Zeedz raising $1M and Forge bagging $11M in seed funding. Meanwhile, Trailblazer's Eternal Dragons game said "bye-bye" but promised a classy exit with a buyback program for NFT holders. Drama and dollars, folks! 👾 Link

GBTC's Outflow Overpowers - For three days straight, GBTC's outflows have been stealing the spotlight from other spot bitcoin ETFs. It's like GBTC decided to go on a diet and shed some $79.4M. Meanwhile, the Ark 21Shares Bitcoin ETF also felt the pinch. 💸 Link

Paris Blockchain Week Wows - Paris Blockchain Week showed off some serious Web3 traction and innovation. It's like Paris Fashion Week but for blockchain, darling. The city of love is also the city of smart contracts now. 💖 Link

Bitcoin Halving Hype - A survey predicts a surge in institutional investment post-Bitcoin halving. It's like everyone's waiting for Bitcoin to get a haircut so they can throw money at it. 💇‍♂️ Link

Crypto Bro Fyre Fest in Dubai - A luxe desert confab for crypto aficionados in Dubai got washed out by wild floods. It's like Fyre Fest all over again, but with more blockchain and less Ja Rule. 🌊 Link

And there you have it, the latest and greatest from the crypto universe. Remember, in the world of blockchain and Web3, it's always a rollercoaster ride, so keep your seatbelts fastened and your sense of humor ready! 🎢

📈 Market Data 📉

Total Value Locked (TVL) Growth

Aave demonstrated the best TVL performance in the last week, followed by Neutrino, Iron Bank, and Voyager.

Ethereum's Layer 2 TVL has seen significant growth, nearing $30 billion, with a 12.08% increase over the last week.

The DeFi sector's TVL has reached $60 billion, marking a robust resurgence with a 4.50% growth in the last seven days for leading protocols like Lido Finance.

Top Token Gains

SUKU saw the highest gain, increasing by 43.82%.

Dogelon Mars (ELON) followed with a 39.39% increase.

Crypto One Stop Solution (COS) experienced a 30.54% rise.

Top Token Losses

Elon Xmas (XMAS) faced the most significant loss, dropping by 96.31%.

Price Gap (PGT) decreased by 85.39%.

Redluna (REDLUNA) went down by 79.68%.

Market Capitalization and Price Movements

The global crypto market cap is currently valued at $2.28 trillion, marking a decrease of 5.20% over the last day.

Bitcoin and Ethereum, the leading cryptocurrencies, have shown negative movements with Bitcoin at -1.54% and Ethereum at -2.42% in the last 24 hours.

Notable Trends and Insights

There has been a noticeable shift in investment towards Ethereum's Layer 2 solutions and DeFi protocols, driven by the growth in TVL and the increasing popularity of memecoins on platforms like Base.

The memecoin mania continues to influence the market, with significant capital inflows into DeFi sectors highlighted by tokens like Degen (DEGEN) and Base God (TYBG).

Summary and Key Takeaways

This week's crypto market has shown a mix of robust growth in specific sectors and volatility in token prices. The significant increase in TVL, especially in Ethereum's Layer 2 and DeFi protocols, indicates a strong investor interest in these areas despite the overall market cap decline. Top token gains highlight the speculative nature of the market, driven by trends like memecoins, while the sharp losses in some tokens remind of the high-risk environment. Moving forward, monitoring these trends will be crucial for understanding potential shifts in investor sentiment and market dynamics.

🥊 Join Fight Club 🥊