Weekly Deal Updates - July 8, 2024
Deal Meeting Date
Jul 8, 2024
Sponsor
Zoth
ISO Week
27
Number of Deals
1
gm! Welcome back to the weekly Fight Club newsletter. You’re one-stop-shop for top crypto news and our very own curated new deals.
We have four deals, including an updated deck from our sponsor, Zoth, who are making huge progress and generating millions in revenue in the RWA realm. Also, if Big Data piques your interest be sure to check out Libera. They’re bringing brand purchasing insights to millions of stores in untapped emerging markets.
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.
- Wise $10mm SAFT
Wise Lending is a hyper-capital-efficient lend-borrow protocol. Like
Aave on steroids with better APYs, Wise Lending aims to provide best-in-class yield sources all-in-one platform compared with traditional lending protocols. It features a simple UI that makes it easy for non-native crypto users and a PWA in development for mobile expansion.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
- 🏦 Mt. Gox Begins Creditor Reimbursement After Ten Years - Mt. Gox has started reimbursing creditors with 47,288 BTC already transferred, impacting market sentiment.
- 💥 Crypto Market Experiences Sudden Drop - Bitcoin and Ethereum saw significant price drops, leading to $580 million in liquidations.
- 💰 Bitcoin Price (BTC) Dip Buyers Pour Money Into US ETFs - Investors are capitalizing on the recent Bitcoin price dip by investing in US-based Bitcoin ETFs.
- 🛒 CoinShares says crypto price weakness is likely seen as a buying opportunity - CoinShares reported that despite recent price declines, investors are viewing this as a buying opportunity, with $441 million in inflows into crypto assets.
- 📉 Bitcoin and Crypto Closing Out Lame Quarter and One Analyst Believes More Pain Could Be in Store - Bitcoin and the broader crypto market are ending a weak quarter, with some analysts predicting further declines due to macroeconomic pressures.
- 🔗 Ethereum Introduces EIP-7732 for Block Validation Improvement - A new proposal aims to revolutionize Ethereum's block validation process.
- 🚀 Solana's Memecoins Set New Records - Solana-based memecoins like Dogwifhat and Billy have seen significant growth, surpassing Ethereum in the memecoin sector.
- 🤝 Ripple Teams Up with Binance to Counter SEC - Ripple is leveraging a recent court decision in favor of Binance in its ongoing battle with the SEC.
- 📨 Why William Hinman`s Emails Matter to the XRP Army and the Crypto’s Price - Emails from former SEC official William Hinman are significant to the XRP community, potentially influencing the ongoing legal battle and XRP's price.
- 🇨🇳 Crypto Suddenly Braced For A 'Very Important' China Flip After Wild Bitcoin, Ethereum And XRP Price Swings - The cryptocurrency market is closely watching China for potential regulatory changes that could significantly impact Bitcoin, Ethereum, and XRP, following recent price volatility.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | July 30, 2024 | July 8, 2024 | % Change |
| BTC | $62,734 | $56,665 | -9.7% |
| ETH | $3,435.32 | $3,016.08 | -12.2% |
| BNB | $581.78 | $510.23 | -12.3% |
| SOL | $146.43 | $139.32 | -4.9% |
| XRP | $0.475447 | $0.431465 | -9.3% |
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) |
| Celestia (TIA) | $7.25 | 24.44% | $242,231,115 |
| Notcoin (NOT) | $0.01669 | 23.53% | $530,773,958 |
| Mantra (OM) | $0.9534 | 14.25% | $17,593,462 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| dogwifhat (WIF) | $1.69 | 24.22% | $345,806,976 |
| Brett (BRETT) | $0.1195 | 23.23% | $74,677,340 |
| Fantom (FTM) | $0.4571 | 22.55% | $119,113,285 |
Source: CoinMarketCap as of July 8, 2024.
Market Sentiment and Indicators
- Crypto Fear and Greed Index: The index value began at 47 Neutral, recovered a bit at 53 Neutral, and then took the dive all the way to 29 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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