Weekly Deal Updates - December 9, 2024
Deal Meeting Date
Dec 9, 2024
Sponsor
Pond AI
ISO Week
45
Number of Deals
2
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 ZK-TLS.
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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.
- Sphinx $3mm Seed SAFE + Token Warrant
Sphinx transforms institutional financial exchanges through its L1 protocol. It is building the foundation for high-throughput trading systems by addressing key inefficiencies in institutional trading platforms, including order book matching, transaction execution, clearing, settlement, trade netting, cross-asset margining, and client onboarding. Its in-house on-chain energy derivatives exchange will be the first to leverage this infrastructure, offering 24/7 trading for futures and perpetual swaps on assets like oil, natural gas, and power.
- GR1D Private Round
GR1D is a modular multichain gaming network that simplifies cross-chain development, transactions, and interoperability to scale tomorrow's mass-market web3 gaming ecosystem. GR1D’s multi-chain abstraction layer will allow game creators to easily build on various blockchains, while its advanced cross-chain communication mechanisms ensure seamless transfer of assets and data between different games or chains.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
- 💼 Crypto Market Crash Wipes Out $1.7 Billion in Leveraged Positions - A sharp crypto market correction led to $1.7 billion in leveraged position liquidations within 24 hours. Bitcoin fell from above $100,000 to $94,100, while Ethereum dropped 8% below $3,800.
- Ray Dalio predicts global debt crisis, backs Bitcoin, gold - Bridgewater Associates founder Ray Dalio referred to Bitcoin as a hard asset, saying he would choose BTC and gold over debt assets.
- 🚀 Microsoft's Annual Shareholder Meeting to Vote on Bitcoin Investment - Microsoft's annual shareholder meeting today will include a vote on whether the tech giant should invest in Bitcoin. The board has recommended against the proposal, citing concerns over volatility and financial stability risks.
- 🏛️ Trump Nominates Paul Atkins as New SEC Chair - President-elect Donald Trump has nominated Paul Atkins, a crypto advocate, to lead the SEC. This move is expected to create a more favorable climate for blockchain innovation and investment.
- Goldman Sachs CEO says firm could consider bitcoin, ether trading if US regulations shift - Reuters editor asked Goldman Sachs CEO David Solomon if he could “make markets in Bitcoin or Ethereum” during a conference on Tuesday, and Solomon signaled that the Wall Street giant would participate in crypto if regulations in the U.S. change.
- 🖥️ Google unveils new quantum computing chip: Clock ticking for crypto encryption? - One expert says while Willow is a significant development, it’s still far short of being a threat to crypto encryption, at least for now.
- 🔄 Binance Launches Revamped Web3 Wallet - Binance has launched an updated version of its Web3 wallet, now called 'Binance Wallet,' featuring a unified interface, improved airdrop zone, and better layout. The exchange is also launching an Airdrop Carnival event on December 10
- 💳 Coinbase Integrates Apple Pay - Coinbase announced the integration of Apple Pay into its Coinbase Onramp product, allowing users to purchase digital currency using Apple Pay and streamlining the conversion of fiat currency into digital assets.
- 🪙 RLUSD, Ripple's stablecoin, gains approval from New York's Dept. of Financial Services - The company's stablecoin may be able to launch by the end of the year after securing the pivotal approval.
- 🤖 Crypto-AI startup Exabits reaches $150 million valuation with $15 million seed round - Exabits has raised $15 million in a seed round led by Hack VC, and the round brought the crypto-AI startup’s valuation to $150 million.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | December 2, 2024 | December 9, 2024 | % Change |
| BTC | $95,833 | $97,354 | 1.6% |
| ETH | $3,643.86 | $3,713.31 | 1.9% |
| BNB | $647.12 | $688.01 | 6.3% |
| SOL | $225.53 | $217.62 | -3.5% |
| XRP | $2.71 | $2.22 | -18.1% |
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) |
| Bitget Token (BGB) | $2.75 | 71.92% | $317,891,560 |
| Mantle (MNT) | $1.20 | 32.19% | $316,495,138 |
| Mog Coin (MOG) | $0.05 | 31.68% | $106,069,266 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| TRON (TRX) | $0.2711 | -31.57% | $2,522,294,125 |
| Neo (NEO) | $16.98 | -31.54% | $136,771,674 |
| BitTorrent (BTT) | $0.051271 | -29.47% | $81,641,655 |
Source: CoinMarketCap as of December 10, 2024
Market Sentiment and Indicators
- Crypto Fear and Greed Index: During this period, the index value started at 80 (Greed) and fluctuated within the Greed Zone throughout the week, ending at 78 (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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