Weekly Deal Updates - May 6, 2024
Deal Meeting Date
May 6, 2024
Sponsor
Match Chain
ISO Week
19
Number of Deals
2
gm! Welcome back to the new Fight Club weekly newsletter where we highlight top crypto news and list this week’s deals. Click each deal link for more information in our Discord.
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Subscribe to our monthly newsletter for a deeper dive into a trending topic in Web3 and project spotlight. This monthʻs topic is SocialFi featuring our sponsor Match Chain.
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.
🔥🔗 Match Chain 🔥🔗
With Match Chain testnet exceeding 100 million transactions and attracting over 6 million monthly active users, Match Chain has emerged from its stealth mode to scale its user base, which exceeds 700k+ SBT users.
Match Chain is an interoperable middle layer that bridges Web2 and Web3, accelerating mass adoption. It simplifies building user-friendly protocols with MatchID, a low-barrier DID system. MatchID lets users import from Web2 and move between blockchains (Ethereum, Solana, Cosmos, Aptos) without creating new accounts. MatchHub, a unified login platform, grants seamless access to protocols with a single sign-in using DIDs.
💰 New Deals 💰
- Folks Finance $2.25 mm at $75mm strategic SAFT
Folks Finance, a DeFi platform poised to redefine the landscape of DeFi, wth a comprehensive suite of services including Lending, Borrowing, Swaps, Liquid Staking, and Leveraged Trading.
- AImelia Network $2mm at $40mm seed
Aimelia.network is a generative coevolution network aligning AI and human incentives with a high-stakes natural selection process. It uses generative AI to create tasks and let explainable AI and humans stake USDC and solve it with a winner-takes-all policy. It accelerates the design of an explainable DeAI system with Degens involved.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
- Web3 Publishing Platform Mirror Sells to Paragraph, Pivots to Social App 'Kiosk' 📝 - Mirror, a prominent player in the Web3 publishing space, has been acquired by Paragraph. Post-acquisition, Mirror will focus on its new social media platform, Kiosk, which integrates blockchain technology.
- Jack Dorsey's Block Adding More Bitcoin to Balance Sheet, Presents Road Map for Others 💼 - Block, led by Jack Dorsey, is increasing its Bitcoin holdings and has shared a blueprint for other corporations on how to integrate Bitcoin into their balance sheets.
- BlackRock leads $47 million round for Securitize: 'Another step in the evolution of our digital assets strategy' 💸 - BlackRock has invested $47 million in Securitize, advancing its strategy in the digital assets and tokenization space.
- Asia Crypto Investing (BTC): Traders Eye Riches in Korea, Philippines, Hong Kong 🌏 - A surge in cryptocurrency trading and investments is observed across various Asian markets, highlighting the region's growing importance in the global crypto landscape.
- Bitcoin surpasses one billion transactions processed, eight hundred weeks after launch 🎉 - Bitcoin has achieved a milestone of processing over one billion transactions since its inception.
- Sui creator says crypto’s 'ChatGPT moment' coming as protocol celebrates mainnet's first year 🚀 - Sui blockchain anticipates a breakthrough moment similar to ChatGPT, as it marks its first year since the mainnet launch.
- Less Than 10% of Stablecoin Transaction Volume Coming from Real Users: Report 🔍 - A report reveals that less than 10% of stablecoin transactions are from genuine users, with the majority being attributed to bots and traders.
- ‘It's Modding, But on Steroids’: Mark Long on the Future of Web3 Gaming 🎲 - Insights into the future of Web3 gaming, emphasizing user-generated content and player equity in game development.
- Crypto Is Anything But Strong Right Now 📉 - An analysis of the current weaknesses in the crypto market, despite a recent surge in prices and investor interest.
- MicroStrategy Unveils Plan for Bitcoin-Based Decentralized Identity Using Ordinals 🔐 - MicroStrategy introduces a decentralized identity service using Bitcoin's Ordinals, enhancing security and privacy for users.
- Multicoin Capital leads $5 million round for Baxus, a Web3 marketplace for wine and spirits 🍷 - Baxus, a Web3 marketplace for luxury wines and spirits, secures $5 million in funding to enhance its blockchain-based trading platform.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | April 29, 2024 | May 5, 2024 | % Change |
| BTC | $63,798 | $64,010 | 0.33% |
| ETH | $3,213.69 | $3,136.58 | -2.40% |
| BNB | $593.25 | $591.57 | -0.28% |
| SOL | $137.67 | $145.69 | 5.83% |
| XRP | $0.514871 | $0.529498 | 2.84% |
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) |
| Worldcoin (WLD) | $6.12 | 32.45% | $623,875,115 |
| Render (RNDR) | $10.02 | 30.27% | $396,580,412 |
| Dogwifhat (WIF) | $3.33 | 26.48% | $615,826,227 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| Sei (SEI) | $0.54 | 13.93% | $115,510,507 |
| Neo (NEO) | $16.27 | 8.62% | $65,781,415 |
| Sui (SUI) | $1.09 | 8.43% | $304,993,814 |
Source: CoinMarketCap as of May 6, 2024.
Market Sentiment and Indicators
- Crypto Fear and Greed Index: The Index value started at 67 Greed at the beginning of the week and drastically dropped to 43 Fear on May 2nd but recovered to 69 Greed at the end of the week. 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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