Weekly Deal Updates - October 21, 2024
Deal Meeting Date
Oct 21, 2024
Sponsor
Pond AI
ISO Week
39
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.
- Luban Seed SAFE + Token Warrant
Luban aims to accelerate the multi-dimensional blockspace market with its first product Taiyi. Taiyi is an Ethereum L1 preconfirmation protocol, which offers inclusion guarantees, execution guarantees, gas fee hedging, and preconfirmation assignability.
- Krypton $3-6mm Strategic SAFT
Krypton is a DeFi exchange that eliminates negative MEV (front-running) and impermanent loss. Krypton uses an order-book style mechanism that creates a DeFi protocol cheaper than TradFi. It leverages Circleʻs CCTP technology and Chainlinkʻs CCIP for price oracles on Avalancheʻs C-Chain.
- Upside Digital Asset $3-5mm Seed SAFE + Token Warrant
Upside aims to revolutionize blockchain investing by bridging real-world assets (RWAs) with crypto markets. Upside is launching a DEX for seamless trading of both RWAs and crypto assets.
- DeSyn Protocol $2mm Private SAFT
DeSyn Protocol is building a Web3 decentralized asset management modular infrastructure, empowering users to securely and transparently create and manage customized pool-based portfolios with various on-chain assets (tokens, NFTs, derivatives, etc.) via smart contracts.
- Sprout $1.5mm Pre-Seed SAFE + Token Warrants Sprout is a one-tap mobile investment platform enabling retail users in targeted markets to access reliable digital assets utilizing a diverse set of risk-qualified strategies.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
- 🔍 Google Search Interest for Bitcoin At Its Lowest in One Year - Despite rising prices, interest in Bitcoin searches has decreased significantly over the past year.
- 💱 Ripple Launches RLUSD Stablecoin: Aimed at institutional use for cross-border payments and DeFi applications, Ripple's stablecoin launch is a major development in the crypto space.
- 📈 Tesla Stirs Crypto Market With Unpredicted Bitcoin Wallet Activity - Tesla, a pioneer in electric vehicles spearheaded by Elon Musk, reportedly transferred its entire Bitcoin holdings, 11,509 BTC valued at approximately $770 million, to new digital addresses.
- 💼 Euroclear Acquires Stake in Marketnode - Euroclear's investment in this Singapore-based digital market infrastructure highlights the growing interest in blockchain technology from traditional finance entities.
- 💳Stripe in $1.1B Acquisition Deal for Stablecoin Platform Bridge - Bridge, which has raised $54 million in funding, previously said it aspired to become the blockchain version of Stripe, operating a global system in which other developers could integrate.
- 🚫 Cyprus freezes crypto applications ahead of EU-wide MiCA transition - The CySEC has warned crypto asset service providers of coming changes as the continent braces for MiCA.
- 🏦 TD Bank Fined $3 Billion for Failing to Report Suspicious Transactions - The hefty fine underscores regulatory scrutiny over financial institutions' crypto dealings.
- 🔗 SEC’s Ripple appeal doesn’t challenge XRP non-security status - Ripple’s chief legal officer, Stuart Alderoty, emphasized that the SEC’s Form C doesn’t appeal the ruling that XRP is not a security.
- ⚠️ South Africa’s Tax Authority Warns Crypto Holders: As part of increased compliance efforts, South Africa urges crypto holders to declare their assets or face audits
- 🤖 U.S. Treasury’s AI Use Triples Fraud Recovery to $1 Billion: The adoption of AI by the U.S. Treasury has significantly enhanced fraud detection capabilities within financial systems involving cryptocurrencies.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | October 14, 2024 | October 21, 2024 | % Change |
| BTC | $66,050 | $67,395 | 2.04% |
| ETH | $2,628.50 | $2,665.73 | 1.42% |
| BNB | $588.71 | $598.84 | 1.72% |
| SOL | $157.35 | $166.38 | 5.74% |
| XRP | $0.547601 | $0.544506 | - 0.57% |
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) |
| APE | $1.35 | 79.89% | $621,471,768 |
| HNT | $7.09 | 21.03% | $14,898,663 |
| DOGE | $0.1396 | 18.80% | $1,639,874,780 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| AERO | $1.19 | -14.03% | $21,242,192 |
| NEIRO | $0.001728 | -13.25% | $304,000,414 |
| ENA | $0.3874 | -9.18% | $95,535,586 |
Source: CoinMarketCap as of October 21, 2024.
Market Sentiment and Indicators
- Crypto Fear and Greed Index: During this period, the index value started at 65 (Greed) and remained in the Greed Zone throughout the week, ending 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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