Weekly Deal Updates - September 1, 2024
Deal Meeting Date
Sep 2, 2024
Sponsor
Pond AI
ISO Week
35
Number of Deals
3
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 EigenLayer AVSs.
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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.
- Pollination Finance $1mm Pre-Seed SAFT
Pollination Finance is a restaking platform that allows users to stake any crypto asset from their native wallet to any blockchain and earn rewards in their native base asset. Polli uses Cosmos Interchain Security to lock assets to native wallets allowing for compounding returns.
- Struct Finance $1.55mm Seed SAFT
Struct Finance is elevating DeFi yield strategies with its innovative V2 platform, offering sophisticated interest rate products for optimized returns.
- Quintes Protocol $3.6mm Seed SAFT
Quintes Protocol aims to build the first crypto asset with a high price growth annually through asymmetric arbitrage, over-collateralization, liquidations, and AI.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
- 💵 Serious Bitcoin Price Crash Warning Issued - Experts warn of a potential $40,000 Bitcoin price crash amid concerns of a U.S. dollar crisis and Fed actions.
- 🏛️ US Crypto Executives to Host Fundraiser for VP Harris - Cryptocurrency industry leaders organize a fundraiser for Vice President Kamala Harris, advocating for softer regulatory approaches.
- 🏛️ Advocates at Stand With Crypto Seek to Turn Crypto Enthusiasts Into Swing-State Voters - The Stand With Crypto group is launching a battleground-states tour to mobilize crypto voters, starting in Arizona and moving to other key states like Nevada, Michigan, Wisconsin, and Pennsylvania.
- 🚀 Trump Releases Fourth Drop of His NFT Trading Cards - Donald Trump has launched a new collection of NFT trading cards, offering buyers a piece of the suit he wore during his debate with President Joe Biden.
- 🇨🇳 China Ready to Lift the Ban on Bitcoin? - Unconfirmed rumors suggest China might lift its Bitcoin ban by September 2024, potentially reshaping the global crypto landscape.
- ⚖️ U.S. Trustee objects to FTX plan and says creditors shouldn't pay for data breach - A U.S. Trustee challenges FTX's plan, arguing that creditors should not bear the costs of a data breach.
- 🛡️ Polygon restores control of Discord server following $145,000 hack as POL token launch approaches - Polygon regains control of its Discord server after a hack just as the launch of its POL token nears.
- 🤖 The singularity: How AI could become the final boss whale of crypto - Discussions around AI's potential to dominate the crypto market are gaining traction among futurists.
- 🎮 Why the CEO behind blockbuster Black Myth: Wukong will never invest in web3 games - Dan Wu, CEO of Hero Games, expresses skepticism about web3 games, contrasting with the success of traditional games like Black Myth: Wukong.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | August 27, 2024 | September 3, 2024 | % Change |
| BTC | $59,527 | $57,505 | -3.4% |
| ETH | $2,457.28 | $2,437.15 | -0.8% |
| BNB | $534.67 | $518.98 | -2.9% |
| SOL | $146.82 | $127.58 | -13.1% |
| XRP | $0.567025 | $0.557430 | -1.7% |
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) |
| Monero (XMR) | $174.97 | 10.55% | $86,320,501 |
| Bitcoin SV (BSV) | $45.14 | 8.27% | $49,746,167 |
| Litecoin (LTC) | $65.70 | 7.95% | $279,236,262 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| Popcat (SOL) (POPCAT) | $0.56 | -21.64% | $74,554,678 |
| Bittensor (TAO) | $253.19 | -20.11% | $61,423,431 |
| FLOKI (FLOKI) | $0.0001216 | -20.05% | $163,388,139 |
Source: CoinMarketCap as of September 3, 2024.
Market Sentiment and Indicators
- Crypto Fear and Greed Index: During this period, the index value began at 30 Fear, briefly recovered to 34 Fear at the start of the week, but steadily declined again over the week, and ended at 27 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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