Weekly Deal Updates - May 13, 2024
Deal Meeting Date
May 13, 2024
Sponsor
Match Chain
ISO Week
20
Number of Deals
5
gm! Welcome back to the new Fight Club weekly newsletter where we highlight top crypto news and list this week’s deals. 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 💰
- Helix Labs $1.5 seed extension SAFT
HELIX LABS is zkEVM leveraging Multi-chain LSD secured by EigenLayer. Powered by multi-chain LSTs and secured by ETH security through EigenLayer, Helix Labs' universal zkEVM rollup platform brings scaling solutions and omni-chain UX to all blockchains, and yield earning opportunities for on-chain users.
- Bitwalla $1mm seed SAFE + 1:1 token warrant
Bitwala helps Bitcoiners to live their lives with Bitcoin at the center of their financial hub, offering hardware-grade MPC Web3 wallets supporting Runes, Inscriptions, and Ordinals, adding instant fiat rails and a VISA card.
- Bit Liquidity $2.94mm seed SAFT
BITLiquidity is an aggregator designed specifically for the Bitcoin ecosystem, BRC20 tokens, and Ordinals. It utilizes the security of the Bitcoin L1 blockchain.
- Krayon $4mm seed SAFE
Krayon is a full-stack digital asset service provider tackling C2B and B2B cross-border payments using stablecoin rails. Focused on Asia and emerging markets. Krayon provides SMEs with solutions in wallets, fiat-to-crypto rails, and payments.
- Umoja $2mm + token warrants seed SAFT
Umoja is an asset management protocol that converts altcoins into ‘smartcoins’ to limit risk & optimize yield. Introducing Bitcoin’s first high-yield stablecoin & yield-bearing BTC.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
- Bitcoin Slips to $63K as Crypto Market Faces More U.S. Regulatory Pressure 📉 - Bitcoin's price faces volatility amid increased regulatory scrutiny in the U.S., affecting investor sentiment.
- El Salvador Launches $360M Bitcoin Treasury Monitoring Website 🌍 - El Salvador has introduced a new website for real-time monitoring of its Bitcoin treasury, showcasing the country's commitment to transparency in its pioneering crypto adoption.
- Dan Morehead’s Hedge Fund Pantera Capital Says Largest Investment Can ‘Bring Crypto to the World’ 💰: Pantera Capital has made its largest investment ever in Toncoin (TON), a layer-1 blockchain network, which they believe has a significant advantage due to its large existing community through Telegram.
- Visa, Mastercard, JPMorgan And Citi Reveal Crypto Plan for ‘Mass Institutional Adoption’ 💳 - Major financial institutions are exploring a system to tokenize assets, potentially creating a multi-trillion dollar market and significantly impacting the global financial landscape.
- Crypto Market Regulation: The U.S. House Vote Ahead 🏛️ - Upcoming votes on crypto market regulation could have significant implications for the future of digital assets in the U.S., affecting investor protection and market stability.
- Bitcoin Asia: Hong Kong Attracts Major Interest 🌏 - A report on the Bitcoin Asia conference in Hong Kong, highlighting the region's growing influence in the global crypto market.
- Popular Crypto Wallet MetaMask Rolls Out 'Smart Transactions' to Combat Ethereum Front-Running - MetaMask introduces a feature to mitigate the effects of maximal extractable value (MEV) by using a virtual mempool, aiming to ensure better transaction prices for users.
- Coinbase Faces System-Wide Outage, Affirms Funds Are Safe - Coinbase experiences a system-wide outage but assures users that their funds are secure.
- OKX Officially Launches Crypto Exchange in Australia - OKX expands its services to Australia, offering spot trading to all users and derivatives trading to verified wholesale customers.
- Robinhood Shares Fall After Its Crypto Arm Gets Wells Notice from SEC - Robinhood receives a Wells Notice from the SEC, indicating potential enforcement action, but shares recover after initial drop.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | May 5, 2024 | May 12, 2024 | % Change |
| BTC | $64,010 | $61,507 | -3.9% |
| ETH | $3,136.58 | $2,931.31 | -6.5% |
| BNB | $591.57 | $594.05 | 0.4% |
| SOL | $145.69 | $143.59 | -1.4% |
| XRP | $0.529498 | $0.499639 | -5.6% |
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) |
| Pepe (PEPE) | $0.00001031 | 25.87% | $2,078,506,328 |
| Toncoin (TON) | $7.11 | 21.57% | $799,060,865 |
| Akash Network (AKT) | $5.36 | 11.19% | $72,266,969 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| Pendle (PENDLE) | $3.95 | 20.93% | $67,972,924 |
| Bittensor(TAO) | $356.69 | 18.07% | $35,931,784 |
| Wormhole (W) | $0.53 | 16.93% | $140,834,786 |
Source: CoinMarketCap as of May 13, 2024.
Market Sentiment and Indicators
- Crypto Fear and Greed Index: The Index value started at 69 Greed at the beginning of the week and slowly dropped to 57 Neutral 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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