Weekly Deal Updates - April 22, 2024
Deal Meeting Date
Apr 22, 2024
Sponsor
Match Chain
ISO Week
17
Number of Deals
3
GM! Fight Club is starting a new weekly newsletter where we list the deals that we’ve received in the past week and highlight top crypto news. Click each deal link for more information listed on our Discord.
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 💰
- Cold.xyz $9mm SAFE seed
Cold.xyz is an institutional cold storage provider aimed to capture the explosive growth of assets pegged to digital assets. Cold.xyz combines industry-leading security models with a robust audit and attestation engine, ensuring verifiable proof of assets and proof of reserves (provisional patents pending).
- Layer Edge $600k SAFE + token warrants seed
Layer Edge is a Bitcoin L2 featuring optimistic Rollups with EVM compatibility to scale Bitcoin and enable DeFi applications. Offers near-zero fees, enhanced scalability, and Bitcoin’s security. Layer Edge utilizes batching to compress data for secure storage on a DA layer and state root storage on Bitcoin.
- Rivo $1mm seed SAFE + token warrant seed
Rivo is a yield marketplace featuring a smart contract wallet. The team built Midas.Investments, a $360mm DeFi yield fund for investors in 2021. From their experience, they launched Rivo as a yield marketplace that caters to retail users. The marketplace is curated by experts to produce the best risk-reward strategies. It features one-click investments, cross-chain swaps, expert risk scoring, educational videos and tutorials, and pnl analysis.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world, served fresh and funky just for you! 🚀🌐
- Bitcoin's Big Halving Bash 🎉: Bitcoin had its fourth halving with transaction fees spiking then dipping.
- Tether Tightens Ties with Telegram 🤝: Tether's USDT stablecoin is now on Telegram's TON blockchain.
- Thailand Blocks the Crypto Rebels 🚫: Thailand is playing gatekeeper by blocking access to unauthorized crypto platforms.
- Shiba Inu's Privacy Playground 🐕: Shiba Inu isn't just a cute meme anymore; it's building a privacy-focused blockchain. They raised $12M promising more privacy for users.
- Woo X's Tokenized Treasury Bills 💸: Woo X is making financial history by offering tokenized U.S. Treasury bills to retail investors.
- Binance's Megadrop Mania 🎁: Binance launched 'Megadrop,' a rewards bonanza for Web3 users.
- Bitcoin Whales on a Shopping Spree 🐋: When Bitcoin's price dipped, the big fish came out to play. Whales bought $1.2B worth of Bitcoin, possibly fueling a quick price rebound.
- Bitcoin's Price Bounce Post-Halving 📈: Post-halving, Bitcoin's price has been volatile with analysts watching to see if it jumps to new heights or takes a tumble.
- Token2049 🌟: Despite a stormy start in Dubai, Token2049 conference turned into a crypto fest, celebrating the industry's resilience and future prospects.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | April 14, 2024 | April 22, 2024 | % Change |
| BTC | $65,753 | $66,842 | 1.7% |
| ETH | $3,157.68 | $3,199.77 | 1.3% |
| BNB | $567.90 | $605.26 | 6.6% |
| SOL | $140.18 | $156.99 | 12.0% |
| XRP | $0.505139 | $0.556080 | 10.1% |
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) |
| Bonk(BONK) | $0.000025520 | 80.87% | $744,186,671 |
| Hedera(HBAR) | $0.123100000 | 57.52% | $3,461,149,399 |
| Pepe(PEPE) | $0.000007499 | 52.24% | $1,388,068,535 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| Nervos Network (CKB) | $0.01903 | 9.38% | $98,010,603 |
| Maker (MKR) | $2,919.55 | 8.19% | $104,800,220 |
| Toncoin (TON) | $5.62 | 8.07% | $273,433,684 |
Source: CoinMarketCap as of April 24, 2024.
Market Sentiment and Indicators
- Crypto Fear and Greed Index: The Index value started at 74 Greed at the beginning of the week, dipped to 57 Neutral during the week, and recovered to 73 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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