Weekly Deal Updates - December 2, 2024
Deal Meeting Date
Dec 2, 2024
Sponsor
Pond AI
ISO Week
44
Number of Deals
6
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.
Web 35X Bridge is a multi-signature Bridge for web2 that is designed to integrate with web3's security protocols.
Fission is a DeFi platform designed to bring venture capital on-chain. It enables crypto users and traditional finance participants to invest in and trade private equity-backed tokens.
Soulbound, a DePIN livestreaming platform, leads the future of decentralized broadcasting and interactive entertainment across gaming, esports, and syndicated content.
zkCross Network simplifies DeFi with decentralized chain abstraction technology, connecting EVM and non-EVM blockchains into a unified ecosystem.
Founded by the successful founders of UNTOLD—the world's third-largest music festival—Rhuna is redefining event management on a global scale.
Klink enables users to start investing in crypto from $0 through its affiliate quest portal, airdrop center, and token launch pools—all built on a secure multi-chain wallet.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
- U.S. Government Sends $1.9 Billion of Silk Road Bitcoin to Coinbase
Coinbase Prime received 19,800 bitcoins from the U.S. government's seizure from Silk Road.
- MicroStrategy Acquired An Additional 15,400 Bitcoin
MicroStrategy's Bitcoin holdings surged to 402,100 BTC after another purchase of 15,400 Bitcoin.
- XRP Overtakes Tether For Third Largest Market Cap
XRP’s rise is fueled by speculation that the SEC may drop its lawsuit against Ripple Labs under the Trump administration.
- DMM Bitcoin Exchange Shuts Down After $306 Million Hack
DMM Bitcoin, a Japanese crypto exchange, announced it was closing after being hacked in June.
- Nike's NFT Project RTFKT Shuts Down
RTFKT, acquired by athletic wear juggernaut Nike in 2021 for an undisclosed sum, plans to fully unwind by the end of January 2025.
- Aave's Net Deposits Hit All-Time High of $31 Billion
The net deposits of decentralized finance protocol AAVE is now bigger than thousands of commercial banks in the U.S.
- U.S. Appeals Court Reversed Tornado Cash Sanctions
A U.S. appeals court ruled on Tuesday that OFAC exceeded its authority by sanctioning Tornado Cash, a crypto mixer.
- AI Agent Token Launcher Clanker Generates Over $1.2 Million in Fees on Base
Clanker generates tokens based on Farcaster user prompts. Users will soon be able to claim 40% of the fees generated by tokens issued by Clanker.
- Hyperliquid's HYPE Airdrop Leads to Half of Decentralized Perpetual Swap Volume
HYPE's fully diluted valuation reached $9.4 billion as Hyperliquid claimed nearly half of all decentralized perpetual swap volume.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | November 25, 2024 | December 2, 2024 | % Change |
| BTC | $93,005 | $95,833 | 3.0% |
| ETH | $3,417.29 | $3,643.86 | 6.6% |
| BNB | $635.26 | $647.12 | 1.9% |
| SOL | $234.54 | $225.53 | 3.8% |
| XRP | $1.41 | $2.71 | 92.2% |
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) |
| XYO Network (XYO) | $0.03705 | 183.9% | $310,552,517 |
| Moo Deng (MOODENG) | $0.5813 | 92.7% | $1,473,751,000 |
| CatSlap (SLAP) | $0.005847 | 81.7% | $2,505,444 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| Tokamak Network (TON) | $1.38 | -35.2% | $8,836,809 |
| Dolos The Bully (BULLY) | $0.08526 | -34.6% | $33,377,184 |
| Medibloc (MED) | $0.00861 | -30.9% | $6,294,362 |
Source: CoinMarketCap as of December 2, 2024
Market Sentiment and Indicators
- Crypto Fear and Greed Index: During this period, the index value started at 79 (Greed) and moved within the Greed Zone throughout the week, ending at 80 (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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