Weekly Deal Updates - July 22, 2024
Deal Meeting Date
Jul 22, 2024
Sponsor
Zoth
ISO Week
29
Number of Deals
7
gm! Welcome to the weekly Fight Club newsletter, a one-stop shop for top crypto news and curated new deals. We are back after a full week of EthCC in Brussels!
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.
- MetaCRM $4mm Seed
MetaCRM is a leading martech company that leverages AI and Blockchain Data to provide a blockchain-focused advertisement network and CRM tools to help companies and brands’ sales and customer success teams achieve much better ROI by boosting user acquisition efficiency and retention rates.
- Blockbrain €2.5mm Pre-Seed Extension
Blockbrain solves a 1.3 Trillion Annual problem where enterprises lose due to poorly managed knowledge silos and inefficiencies. They do this through Knowledge Digital Twins, Automation, and Secure & Ethical AI.
- Orbita $5.175mm Seed
Orbita is a Layer-1 blockchain that aims to revolutionize DeFi payments through advanced AI-enabled Reversible Transactions, Non-custodial Subscription Services, and a Community-built DePin POS network.
- Assisterr $2mm Pre-Seed SAFE + Token Warrant
Assisterr is building an AI and agentic tokenization tech stack to power a network of community-owned small language models (SLMs), enabling creators and developers to collaborate, own, and monetize domain-specific models trained on curated data sets.
- Reflekt $5mm Seed SAFE + Token Warrant
Reflekt is a Web3 gaming stack that aims to democratize game development. It provides builders with 100% IP ownership, access to 14 chains, and multiplayer node incentivization.
- Gr1d $6mm Seed
GR1D is a modular multichain gaming network that simplifies cross-chain development, transactions, and interoperability to scale tomorrow's mass-market Web3 gaming ecosystem. Its multi-chain abstraction layer allows game creators to easily build on various blockchains, while its cross-chain communication mechanisms ensure seamless transfer of assets and data between different games or chains.
- Astra Nova $2mm Strategic Round
Astra Nova is an action RPG game co-created by and for gamers. It originated as one of the first Web3 games in Saudi Arabia's vibrant gaming landscape.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
- Bitcoin ETF Inflows Topped $3 Billion Over Four-Week Period 📈 - BlackRock and Fidelity's Bitcoin funds saw significant gains, with inflows of $707 million and $244 million, respectively.
- Taking off: Rewarding Flight Trackers in the Age of Web3 ✈️ - Wingbits plans to reward flight tracking enthusiasts with blockchain-based incentives.
- Hong Kong to launch Asia’s first inverse Bitcoin ETF 🌏- CSOP’s new inverse Bitcoin ETF aims to profit from BTC price declines following their successful 2022 launch of the firm’s Bitcoin Futures ETF.
- State Street Explores Creating a Stablecoin 🏦 - Financial institution State Street is investigating the creation of its own stablecoin as part of its blockchain integration strategy.
- TON Foundation Announces Trustless Bitcoin Bridge 🌉 - The TON Foundation has developed a trustless Bitcoin bridge to enhance interoperability between Bitcoin and The Open Network (TON).
- Crypto OTC Spot Trades Boom 95% in H1 2024 💼 - Over-the-counter (OTC) spot trades in the crypto market have surged by 95% in the first half of 2024, indicating growing demand for large-scale transactions.
- Ethereum ETFs Approved by SEC, Bringing Popular Funds to Second-Largest Cryptocurrency 📜 - Issuers received approval for their latest S-1 filings, which means that the funds could begin trading as early as the 23rd of this month.
- Vitalik Buterin Cautions Against Supporting Candidates Solely for Pro-Crypto Stances ⚖️ - Ethereum co-founder Vitalik Buterin advises against supporting political candidates solely based on their pro-crypto positions.
- Hong Kong to Prepare Stablecoin Legislation as Public Consultation Ends - 🇭🇰Hong Kong authorities plan to introduce a bill into the Legislative Council before year-end.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | July 15, 2024 | July 22, 2024 | % Change |
| BTC | $64,835 | $67,608 | 4.3% |
| ETH | $3,488.54 | $3,443.07 | -1.3% |
| BNB | $586.50 | $589.29 | 0.5% |
| SOL | $159.92 | $178.98 | 11.9% |
| XRP | $0.537662 | $0.607432 | 13.0% |
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) |
| Helium (HNT) | $5.05 | 34.28% | $21,688,129 |
| dogwifhat (WIF) | $2.67 | 20.07% | $378,919,891 |
| Core (CORE) | $1.60 | 17.25% | $86,185,699 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| Notcoin (NOT) | $0.01483 | -12.15% | $201,804,585 |
| Hedera (HBAR) | $0.07018 | -11.41% | $42,790,687 |
| Shiba Inu (SHIB) | $0.00001757 | -11.35% | $305,247,712 |
Source: CoinMarketCap as of July 22, 2024.
Market Sentiment and Indicators
- Crypto Fear and Greed Index: During this period, the index value began at 65 Greed, slightly fluctuated within the Greed Zone, and ended at 70 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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