Weekly Deal Updates - June 10, 2024
Deal Meeting Date
Jun 10, 2024
Sponsor
Zoth
ISO Week
24
Number of Deals
4
gm! Welcome to another edition of the Fight Club weekly newsletter, where we highlight top crypto news and list this week’s deals.
We have a light week inside, with a single deal from a unique decentralized social oracle network, so if you are a blockchain social maxi, this one’s for you. Otherwise, enjoy some highlights from the week in crypto with top news and market data.
Subscribe to our monthly newsletter for a deeper dive into a trending topic in Web3 and project spotlight. This monthʻs topic is Bitcoin Scaling Solutions.
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 💰
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.
- Klink Finance $1.85mm SAFT
Klink Finance is a crypto wealth creation platform, bringing a $125 billion AUM industry from TradFi into the world of crypto. Its multi-service platform offers high-growth investment opportunities and partner-driven quest rewards, activating users to earn payouts and invest starting from $0.
- Ditto Network $3mm seed SAFE + token warrant
Ditto Network is building a modular infrastructure for intent-centric automations and an actively validated keeper network (AVS on Eigenlayer) to execute workflows at predefined conditions in a financially secure and trustless way.
- Tura Blockchain $50mm series A
Tura Blockchain is a scale-out blockchain. It tackles the toughest challenges in Web3 with scale-out architecture by eliminating the data silos to accelerate the massive Web 3 adoptions.
- Golteum $2.5mm seed SAFE
Golteum is a multi-asset exchange platform. Trade gold, silver, platinum, and digital assets across any network, in a single click. Access perpetual futures against 1:1 asset-backed treasuries, all verified 24/7 by Chainlink Proof of Reserve.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
- Bitcoin ETFs see near-record inflows 💸 - US spot bitcoin ETFs saw one of their largest ever net inflow days, with $887 million in net new capital.
- Web3 developer loses $40,000 after accidentally making wallet keys public 🚨 - Brian Guan, co-founder of Unlonely, lost $40,000 after making his wallet keys public on GitHub.
- StarkWare's plans add momentum to Bitcoin upgrade 💪 - StarkWare's involvement in the OP_CAT upgrade could bring significant improvements to Bitcoin's scalability.
- Modular blockchain solutions lead funding 💸 - Avail raised $43 million in its Series A, and Mountain Protocol raised $8 million for its yield-bearing stablecoin.
- Robinhood's Bitstamp acquisition could open the door for institutional clients 📈 - The acquisition could help Robinhood expand its footprint outside the US and attract institutional clients.
- DeFi TVL reaches $192B for first time in 15 months 📊 - The total value locked in DeFi applications reached $192 billion, despite a decline in unique active wallets.
- Cathie Wood's Ether ETF pullback is likely due to fee war 💸 - Experts believe Ark Invest pulled out of the Ether ETF race due to the intense battle to lure customers with low fees.
- Roaring Kitty's GME shares hit $1B, BTC open interest soars 🚀 - The memecoin's market capitalization reached $600 million.
- Fetch.ai, SingularityNET, Ocean Protocol set date for Artificial Superintelligence Alliance token merger 🤝 - The merger will complete on June 13.
- Crypto for advisors: Layer 2s and the evolution of Bitcoin 📈 - The Bitcoin community has developed various layer-2 blockchains to enhance the network's efficiency and functionality.
- Crypto voters are already disrupting the 2024 election — and it’s set to continue 🗳️ - Crypto is becoming increasingly influential in politics.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | June 3, 2024 | June 9, 2024 | % Change |
| BTC | $68,808 | $69,654 | 1.23% |
| ETH | $3,766.64 | $3,705.90 | -1.61% |
| BNB | $626.56 | $673.50 | 7.49% |
| SOL | $164.81 | $162.06 | -1.67% |
| XRP | $0.520061 | $0.498548 | -4.14% |
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) |
| ORDI (ORDI) | $56.07 | 18.44% | $245,851,760 |
| Injective (INJ) | $29.05 | 16.25% | $220,059,082 |
| Monero(XMR) | $176.66 | 12.70% | $120,340,896 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| Notcoin (NOT) | $0.02 | -32.00% | $728,970,513 |
| Fetch.ai (FET) | $1.63 | -22.98% | $186,229,769 |
| Ethena (ENA) | $0.74 | -22.67% | $174,578,318 |
Source: CoinMarketCap as of June 10, 2024.
Market Sentiment and Indicators
- Crypto Fear and Greed Index: The Index value started at 73 Greed at the beginning of the week, raised to 78 Greed in the middle of the week, and ended at 74 Greed. 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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