Weekly Deal Updates - October 14, 2024
Deal Meeting Date
Oct 14, 2024
Sponsor
Pond AI
ISO Week
38
Number of Deals
8
gm! Welcome to the weekly Fight Club newsletter, a one-stop shop for top crypto news and curated new deals.
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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.
- Sekai $1.56mm Seed SAFT
Sekai establishes a data interoperability platform that integrates AI and decentralized infrastructure to create highly efficient, secure, and transparent industrial operations.
- Unicorn Wallet $2mm Seed
Unicorn wallet is an interoperable account abstraction wallet that allows the community to earn transaction fees from swaps and provides deeper community analytics for projects. It aims to protect users by whitelisting partners, tokens, and applications.
- Struct Finance $1.55mm Seed SAFT
Struct Finance is elevating DeFi yield strategies with its innovative V2 platform, offering sophisticated interest rate products for optimized returns.
- PhronAI $7mm Private Round SAFT
PhronAI is building the first Layer 1/Layer 0 EVM Chain with a Proof-of-Learning AI Consensus Mechanism, revolutionizing blockchain by integrating advanced AI into consensus and enabling users to create dynamic Layer 1 blockchains.
- Reclaim Protocol $1mm Series A Extension
The default input on the internet is a text box, which can't be verified. Reclaim Protocol changes that by verifying inputs by default using zkTLS. Users can generate cryptographic proofs of correctness of their information, creating a Composable Unified User Profile for both onchain and offchain use.
- Everreach Labs Private Round
Everreach Labs, led by industry veterans from acclaimed titles such as Far Cry 3, Rainbow Six Siege, and Fortnite, aims to revolutionize interactive play by experimenting with spectator-player interaction across multiple products in a unified ecosystem powered by its token. REVENGE is the first co-op PvE extraction shooter that focuses on advancing spectator-player interactions.
- Flashback $350k Angel Round SAFT
Flashback aims to solve the problem of security, costs, and data storage privacy in the cloud industry. It is building a decentralized cloud storage network (DePIN) offering rapid ‘hot’ data retrieval, low costs, and scalability with real-time application support.
- Stroom Network $4mm Seed Round
Stroom Network is creating a Bitcoin Liquid Staking Protocol. By applying the mechanics of liquid staking, Stroom Network offers users the ability to utilize their Bitcoin (BTC) capital on both the Lightning Network (LN) and in DeFi in a decentralized manner.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
- 🎅 A Santa rally 'melt up' seen coming for Bitcoin as price shoots past $65,000 - Analysts predict a potential end-of-year surge in Bitcoin prices, with the cryptocurrency breaking past the $65,000 mark.
- 🦔 Nearly half of hedge funds focused on traditional asset classes now have exposure to cryptos - A significant increase in cryptocurrency adoption among traditional hedge funds, indicating growing mainstream acceptance of digital assets.
- 🇰🇷 South Korea to reevaluate ban on local spot cryptocurrency ETFs - South Korean authorities are considering lifting the ban on local spot cryptocurrency ETFs, potentially opening up new investment avenues in the country.
- 🏦 Mt. Gox payouts delayed until next year — no Bitcoin avalanche just yet - The long-awaited Mt. Gox Bitcoin payouts have been postponed to next year, potentially affecting market dynamics and investor expectations.
- 💸 German investment firm Lennertz & Co. to raise $165 million for crypto-focused fund - A German investment firm announces plans to raise significant funds for a cryptocurrency-focused investment vehicle, indicating growing institutional interest.
- 📊 Bitwise Asset Management files to convert three crypto futures ETFs to rotation strategy - Bitwise seeks to modify its crypto futures ETFs to implement a rotation strategy, potentially offering more dynamic exposure to the crypto market.
- 🚫 U.S. SEC charges Cumberland DRW LLC with operating as unregistered dealer in crypto assets - The SEC takes regulatory action against Cumberland DRW LLC for allegedly operating as an unregistered cryptocurrency dealer, highlighting ongoing regulatory scrutiny in the space.
- 🚨 FBI creates cryptocurrency to trap fraudsters in market manipulation sting - The FBI employs an innovative strategy by creating a cryptocurrency to catch criminals involved in market manipulation schemes.
- 💼 Caroline Ellison agrees to transfer assets to FTX Trading in bankruptcy settlement - Former Alameda Research CEO Caroline Ellison reaches an agreement to transfer assets as part of the ongoing FTX bankruptcy proceedings.
- 🕵️ HBO documentary claims to reveal Satoshi Nakamoto's identity - A new HBO documentary purports to uncover the true identity of Bitcoin's mysterious creator, Satoshi Nakamoto, sparking renewed interest and debate.
- 🎨 Art gallery accused of $13 million NFT "rug pull" in eagle-themed collection - An art gallery faces allegations of conducting a multi-million dollar NFT scam, highlighting ongoing concerns about fraud in the NFT space.
- 🎮 Immutable's Guild of Guardians launches globally on iOS and Android - Highly anticipated blockchain game Guild of Guardians, developed by Immutable, sees a worldwide release on mobile platforms.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | October 7, 2024 | October 14, 2024 | % Change |
| BTC | $62,287 | $66,050 | 6.0% |
| ETH | $2,422.75 | $2,628.50 | 8.5% |
| BNB | $564.55 | $588.71 | 4.3% |
| SOL | $144.21 | $157.35 | 9.1% |
| XRP | $0.529816 | $0.547601 | 3.4% |
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) |
| BOOK OF MEME (BOME) | $0.01 | 60.67% | $660,258,205 |
| Ethena (ENA) | $0.41 | 43.75% | $250,870,124 |
| Worldcoin (WLD) | $2.54 | 28.57% | $446,832,345 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| Helium (HNT) | $6.22 | -9.35% | $21,882,841 |
| Conflux (CFX) | $0.18 | -3.11% | $53,027,922 |
| NEAR Protocol (NEAR) | $4.95 | -2.98% | $332,996,370 |
Source: CoinMarketCap as of October 14, 2024.
Market Sentiment and Indicators
- Crypto Fear and Greed Index: During this period, the index value started at 50 (Neutral), dropped to 32 (Fear), but quickly rebounded to the Neutral Zone ending at 50 (Neutral). 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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