Weekly Deal Updates - October 28, 2024
Deal Meeting Date
Oct 28, 2024
Sponsor
Pond AI
ISO Week
40
Number of Deals
3
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.
- VersaX $200K Private SAFT
VersaX aims to revolutionize DeFi as the first non-custodial, cross-chain trading platform seamlessly integrated with Telegram and the web and enhanced with advanced AI-driven tools.
- BlackDuckOS $2.5mm Seed SAFT
BlackDuckOS aims to build a cutting-edge, blockchain-powered operating system designed for mobile devices that prioritizes user control, privacy, and freedom at the forefront, with features including robust device-level privacy controls, data ownership and monetization, privacy-first design, unrestricted app store, and secure blockchain integration.
- Amplifi $300k Strategic SAFT
Amplifi is building a Bitcoin omni-chain yield optimizer. It features AI-powered strategies, zero gas for users on optimisations, and non-custodial wallets with email & social sign-in. It allows its users to earn across EVM & BTC ecosystems.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
- Bitcoin (BTC) Tops $70,000 for First Time Since June as Election Nears 📈🗳️ - US spot-Bitcoin ETFs have attracted $3.6 billion in October, and Largest token is viewed by some as a so-called Trump trade
- UAE stablecoin issuer gets nod from central bank - 🪙With Tether waiting in the wings, AED Stablecoin becomes the front-runner to launch the United Arab Emirates’ first regulated dirham-pegged token.
- A Shake-Up in Crypto: Solana Surpasses Ethereum 🌟Solana generated more daily fees than Ethereum for the first time, highlighting its growing appeal in terms of fast and low-cost transactions.
- Crypto Exchange Kraken Plans to Launch Its Own Blockchain Early Next Year 🐙🔗 - Developer testnet for Ink will go live later this year, and the blockchain will be for DeFi trading, borrowing and lending.
- Cardano Founder Says DeFi in Bitcoin Will Dwarf That of Ethereum and Solana 📈Charles Hoskinson predicts Bitcoin's DeFi ecosystem will surpass Ethereum and Solana following a new partnership.
- Tesla Bitcoin Moves May No Longer Shake The Market 🚗💰 - The transfers of 11,509 BTC ($776.9M), which initially sparked market concern, have been identified as internal wallet rotations rather than preparation for sales.
- As Zebu Live Concludes, Steven Bartlett and Dr Lisa Cameron MP Call for Action To Make the UK a Global Web3 Innovation Hub 🇬🇧🚀- the UK’s largest Web3 conference, concluded with immense optimism for the future of the UK’s Web3 ecosystem.
- Notorious Hacker Group TeamTNT Launches New Cloud Attacks for Crypto Mining 🏴☠️☁️ - The infamous cryptojacking group appears to be readying for a new large-scale campaign targeting cloud-native environments for mining cryptocurrencies and renting out breached servers to third-parties.
- Sky (Formerly MakerDAO) Considers Brand Changes 🔄Sky is evaluating options to retain its name, revert to Maker, or align the two based on community feedback.
- Sui Launches First SuiHub in Dubai to Empower Web3 Startups 🌐🏢Sui partners with Ghaf Group to launch its first startup hub in Dubai's Expo City.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | October 21, 2024 | October 29, 2024 | % Change |
| BTC | $67,395 | $72,781 | 8.0% |
| ETH | $2,665.73 | $2,638.64 | -1.0% |
| BNB | $598.84 | $605.99 | 1.2% |
| SOL | $166.38 | $178.14 | 7.1% |
| XRP | $0.544506 | $0.528518 | -2.9% |
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) |
| Dogecoin (DOGE) | $0.18 | 25.92% | $3,783,993,110 |
| Raydium (RAY) | $3.30 | 25.64% | $115,385,755 |
| Popcat (SOL) (POPCAT) | $1.72 | 20.13% | $234,092,793 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| ApeCoin (APE) | $1.09 | -19.56% | $170,576,173 |
| Kaspa (KAS) | $0.11 | -17.17% | $114,170,652 |
| Gala (GALA) | $0.02 | -12.22% | $90,631,302 |
Source: CoinMarketCap as of October 29, 2024.
Market Sentiment and Indicators
- Crypto Fear and Greed Index: During this period, the index value started at 70 (Greed) and remained in the Greed Zone throughout the week, ending at 72 (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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