Weekly Deal Updates - September 24, 2024
Deal Meeting Date
Sep 23, 2024
Sponsor
Pond AI
ISO Week
37
Number of Deals
5
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 Web3 Gaming.
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.
- Sekai $1.56mm Seed SAFT
Sekai establishes a data interoperability platform that integrates AI and decentralized infrastructure to create highly efficient, secure, and transparent industrial operations.
- Unicorn Wallet $2mm Seed
Unicorn wallet is an interoperable account abstraction wallet that allows the community to earn transaction fees from swaps and provides deeper community analytics for projects. It aims to protect users by whitelisting partners, tokens, and applications.
- 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.
- PhronAI $7mm Private Round SAFT
PhronAI is building the first Layer 1/Layer 0 EVM Chain with a Proof-of-Learning AI Consensus Mechanism, revolutionizing blockchain by integrating advanced AI into consensus and enabling users to create dynamic Layer 1 blockchains.
- Reclaim Protocol $1mm Series A Extension
The default input on the internet is a text box, which can't be verified. Reclaim Protocol changes that by verifying inputs by default using zkTLS. Users can generate cryptographic proofs of correctness of their information, creating a Composable Unified User Profile for both onchain and offchain use.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
- 📊 MicroStrategy, the Fed, and three other reasons Bitcoin is bucking September gloom - Despite September’s reputation as Bitcoin’s worst month, the cryptocurrency has recovered from near $52,000 to trade above $63,000.
- 🔥 Matt Hougan Talks About Bitcoin Buzz Amongst Top US Financial Advisors - At Barron's Advisor 100 Summit, a noticeable shift in sentiment toward Bitcoin was clear among America's top financial advisors, with 70% indicating personal ownership of crypto assets.
- 🌐 Circle Announces Collaboration with Sony to Bring Bridged USDC to Soneium, Layer 2 - Circle partners with Sony to launch Bridged USDC on Soneium, Sony's Ethereum Layer-2 blockchain, aiming to enhance digital entertainment and finance.
- 🏛️ BNY Mellon Exempted from SEC's SAB 121, Allowed to Offer Crypto Custody Services - BNY Mellon receives an exemption from the SEC's SAB 121, enabling the bank to provide cryptocurrency custody services.
- ⚖️ CZ Set to Be Released From Prison on September 29 - Binance founder Changpeng “CZ” Zhao, who is currently serving a four-month prison sentence, will be a free man by the end of the month.
- 🔒 Singapore Crypto Exchange BingX Suffers Hot Wallet Exploit, Over $52M Reportedly Stolen - BingX, a Singapore-based crypto exchange, experiences a hot wallet hack resulting in the loss of over $52 million across multiple blockchains.
- 📱 Solana Reveals Details of Its New Seeker Crypto Smartphone - Solana introduces the "Solana Seeker," a new Web3-focused smartphone with specialized hardware and software features.
- 🤝 Elon Musk Meets El Salvador President Nayib Bukele to Discuss Emerging Technologies - Elon Musk and President Nayib Bukele hold discussions on AI, robotics, and other emerging technologies, but notably do not mention cryptocurrencies.
- 🔨 New Farcaster ‘mini app’ feature launches on web3 social protocol client Warpcast - Like Farcaster Frames, which enable builders to make any post on Farcaster into an interactive app, mini apps could be used to mint NFTs, build games and create polls, among other activities.
- 🚀 Magic Eden and Mocaverse collaborate on NFT launchpad MagicMoca - Called MagicMoca, the platform is designed exclusively for the Mocaverse community, tapping into its 1.8 million Moca ID owners.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | September 16, 2024 | September 23, 2024 | % Change |
| BTC | $58,211 | $63,327 | 8.8% |
| ETH | $2,295.13 | $2,647.99 | 15.4% |
| BNB | $534.03 | $604.29 | 13.2% |
| SOL | $131.52 | $144.89 | 10.2% |
| XRP | $0.585505 | $0.585064 | -0.1% |
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) |
| Sei (SEI) | $0.4604 | 67.39% | $429,065,162 |
| Bittensor (TAO) | $540.28 | 66.28% | $266,320,540 |
| Sui (SUI) | $1.76 | 48.86% | $996,523,680 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| Nervos Network (CKB) | $0.01649 | -10.98% | $103,942,776 |
| Monero (XMR) | $167.56 | -3.35% | $58,512,111 |
| Kaspa (KAS) | $0.1658 | -2.61% | $63,709,458 |
Source: CoinMarketCap as of September 24, 2024.
Market Sentiment and Indicators
- Crypto Fear and Greed Index: During this period, the index value started at 39 (Fear), decreased to 33 (Fear), and then quickly rebounded, moving into the Neutral Zone and ending at 50 (Neutral). 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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