Weekly Deal Updates - August 12, 2024
Deal Meeting Date
Aug 12, 2024
Sponsor
Zoth
ISO Week
32
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.
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.
💰🏦 Zoth RWA 🏦💰
The real-world asset (RWA) narrative continues to gain momentum, with financial institutions showing strong interest in adopting it.
Zoth is an RWA DeFi infrastructure company bringing fixed-yield products on-chain. Their products deliver fixed, sustainable, and secure yields from real-world assets. Zoth is live on Mainnet and across 8 blockchains with over $75M+ in credit originated and a further $11M deployed/contracted.
They launched Atlas, a community-incentivized portal with 1.2M+ wallets, attracting DeFi natives with sustainable on-chain RWA yields.
Zoth plans new asset classes, permissionless products, partnerships, and a token launch soon. 🚀
💰 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.
- OneClick.fi $2mm Pre-Seed
OneClick.fi is a non-custodial dApp that lets anyone easily access top yield+airdrop opportunities, earn extra rewards, and save on fees - all in one click. Through omnichain technology, straightforward UX, gamified incentives, and AI-powered risk assessment, OneClick.fi aims to make DeFi simple, fun, personalized, and transparent.
- Amplifi $3mm Seed
Amplifi unifies liquidity across EVM-based DeFi and RWA ecosystems using AI algorithms to generate higher, more stable, and lower-risk yields through easy-to-use, fully automated, one-click strategies.
- Fyde $1mm Seed
Fyde aims to enable its depositors to use AI and an agent-based simulation engine to DCA in/out of large token holdings with minimal price impact while receiving the best execution across CEXs and DEXs.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
- ⚖️ Ripple Hails Major Win Against the SEC: Ripple celebrates a legal victory against the SEC, though an appeal is anticipated, keeping the case's outcome uncertain.
- 🌐 Blockchain Against Corruption: Paul Brody from EY discusses how blockchain technology can combat corruption by enhancing transparency and accountability.
- ⚖️ US SEC Sues Over Alleged $650 Million Global Crypto Fraud: The U.S. Securities and Exchange Commission has filed a lawsuit against NovaTech, alleging a $650 million cryptocurrency fraud. This highlights ongoing regulatory challenges in the crypto space.
- 🚀 Bitcoin Bulls Revisit $100K Year-End Target: Bitcoin bulls are optimistic about revisiting a $100,000 target by year-end as BTC spikes over $62,000.
- 💰 Bitcoin Miner Marathon to Sell Notes to Buy More Bitcoin: Marathon Digital Holdings plans to sell $250 million in convertible notes to purchase more Bitcoin, reinforcing its investment strategy.
- 🪙Traders dump MAGA memecoins after Trump fails to talk crypto with Elon Musk - Polymarket users bet about $5 million on the chances of Trump saying certain words during his conversation.
- 🥊 Animoca founder says NFTs ‘fighting for attention’ with memecoins - He explained that memecoins, although fungible, have taken on part of the role that NFTs play in expressing one’s culture for many celebrities, influencers and users.
- 💰VCs Show 'Flight to Quality' in Crypto Investments: Venture capitalists demonstrate a 'flight to quality,' focusing on high-potential projects in the crypto space.
- 💡 Crypto Project Essential Raises $11M for 'Intent-Based' Blockchain: Essential, a new blockchain project, has raised $11 million to develop an intent-based blockchain, aiming to enhance user interaction and transaction efficiency.
- 🕹️ Hamster Kombat turns down venture capital offers - The team behind Hamster Kombat recently disclosed that it has been receiving offers from some of the top venture capital firms in crypto but has “turned down every single one” to date.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | August 5, 2024 | August 13, 2024 | % Change |
| BTC | $53,956 | $60,601 | 12% |
| ETH | $2,415.63 | $2,703.55 | 12% |
| BNB | $464.92 | $523.55 | 13% |
| SOL | $129.70 | $146.77 | 13% |
| XRP | $0.490257 | $0.576440 | 18% |
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) |
| Sui (SUI) | $0.9492 | 54.70% | $348,591,493 |
| Helium (HNT) | $7.39 | 51.08% | $32,114,260 |
| SATS (1000SATS) | $0.0003187 | 35.72% | $191,411,027 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| Flare (FLR) | $0.01518 | -11.87% | $3,651,649 |
| Jupiter (JUP) | $0.81 | -9.01% | $72,859,516 |
| MANTRA (OM) | $0.957 | -8.87% | $26,293,193 |
Source: CoinMarketCap as of August 13, 2024.
Market Sentiment and Indicators
- Crypto Fear and Greed Index: During this period, the index value began at 17 Extreme Fear, recovered to the Neutral Zone then dropped again, and ended at 30 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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