Weekly Deal Updates - May 20, 2024
Deal Meeting Date
May 20, 2024
Sponsor
Match Chain
ISO Week
21
Number of Deals
4
gm! Welcome back to the new Fight Club weekly newsletter where we highlight top crypto news and list this week’s deals.
We saw some interesting deals this week, from blockchain gaming with a Japanese IP behemoth to decentralized P2P streaming infrastructure. Click each deal link for more information in our Discord.
Subscribe to our monthly newsletter for a deeper dive into a trending topic in Web3 and project spotlight. This monthʻs topic is SocialFi featuring our sponsor Match Chain.
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.
💰 New Deals 💰
- TV Asahi Blockchain Games Seed
TV Asahi Blockchain Games’ mission is to create a Decentralised IP ecosystem focused on the incredible number of IPs native to Japan through TV Asahi Group and its partners. Its platform aims to inspire creativity for its partners and developer ecosystem and attract new international audiences and fans while leveraging the proven revenue model in free-to-play (F2P) gaming, cosmetics, and microtransactions.
- Rilla Network $2mm at $20mm Post Pre-seed SAFE + 1:1.25 Token Warrant
Rilla Network is a peer-to-peer live-streaming solution leveraging the untapped potential of audience bandwidth to save up to 90% on traditional infrastructure costs.
- NettyWorth $1mm at $10mm pre-seed SAFE + tokens
NettyWorth is a Web3 Loan Marketplace that leverages data with AI to match borrowers and lenders unlike any other Defi App.
- Atlas $20mm SAFE + 1:1 Token Warrant
Atlas aims to bring 1 trillion in annual rent payments on the chain. They help mom-and-pop landlords collect rent, earn crypto yield on their rent deposits, and incentivize on-time rent payments with crypto. In just a few months, they processed $12M in rent payments and have over 30k renters/landlords on their waitlist.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
- Craig Wright Lied 'Extensively and Repeatedly' in COPA Lawsuit, Not Satoshi: Judge 🧑⚖️ - A UK High Court judge ruled that Craig Wright lied extensively and presented fabricated evidence in his claims to be Bitcoin creator Satoshi Nakamoto.
- White Paper That Birthed Crypto ZK-Proofs Receives IEEE 'Test of Time' Award 🏆 - A seminal white paper on zero-knowledge cryptography was honored with the "Test of Time" award at the IEEE Symposium on Security and Privacy.
- Crypto Industry Rallies Behind House Bill as It Heads Toward Final Vote 🏛️ - The crypto sector is supporting the FIT21 legislation, which aims to establish a U.S. regulatory regime for digital assets.
- Kraken Weighs Dropping USDT in Europe: Report 🇪🇺 - Kraken is considering removing support for the USDT stablecoin in the EU ahead of the implementation of the Markets in Crypto-Assets Regulation (MiCA).
- Crypto VC Funding in Bitcoin Ecosystem Hits Record Highs 💰 - The Bitcoin ecosystem has seen a record number of VC deals this year, highlighting growing interest and investment in Bitcoin-related projects.
- London Police Arrest Suspect in Pump.fun Exploit After 24-Hour Operation 🚔 - London police arrested a suspect in the Pump.fun exploit after a 24-hour operation.
- Blockchain gaming weekly roundup: May 17th 🎮 - Highlights investments in blockchain gaming, including GFAL's $3.2 million raise and Animoca Brands' new Bitcoin protocol OPAL.
- State Street Seeks Blockchain Expert: Digital Solutions Role 🏦 - State Street Corporation is expanding its digital assets division, seeking a Head of Digital Solutions to lead blockchain innovation.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | May 12, 2024 | May 19, 2024 | % Change |
| BTC | $61,507 | $66,253 | 7.7% |
| ETH | $2,931.31 | $3,071.32 | 4.8% |
| BNB | $594.05 | $574.23 | -3.3% |
| SOL | $143.59 | $170.07 | 18.4% |
| XRP | $0.499639 | $0.509694 | 2.0% |
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) |
| Pendle (PENDLE) | $5.65 | 45.74% | $182,145,479 |
| Fantom (FTM) | $0.93 | 37.15% | $407,154,514 |
| Beam (BEAM) | $0.03 | 30.82% | $29,198,427 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| dogwifhat (WIF) | $2.75 | 11.01% | $637,714,155 |
| Worldcoin (WLD) | $4.86 | 10.82% | $226,097,987 |
| Toncoin (TON) | $6.51 | 10.52% | $192,376,151 |
Source: CoinMarketCap as of May 20, 2024.
Market Sentiment and Indicators
- Crypto Fear and Greed Index: The Index value started at 57 Neutral at the beginning of the week, recovered from the drop of last week, and climbed up to 70 Greed at the end of the week. 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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