Weekly Deal Updates - April 29, 2024
Deal Meeting Date
Apr 29, 2024
Sponsor
Match Chain
ISO Week
18
Number of Deals
2
gm! Fight Club is starting a new weekly newsletter where we highlight top crypto news and list the deals that weโve looked at in the past week. Click each deal link for more information in our Discord.
Some content is token gated due to regulations. Join the club for exclusive access by picking up our public NFT here!
Subscribe to our monthly newsletter for a deeper dive into a trending topic in Web3 and project spotlight. This monthสปs topic is SocialFi featuring our sponsor Match Chain.
FC does not provide investment advice. DYOR before investing.
In this newsletter:
- ๐ฐNew Deals๐ฐ
- ๐ฐย Top News ๐ฐ
- ๐ย Market Data ๐
๐๏ธย Sponsor ๐๏ธ
Contact us if you would like to sponsor this newsletter.
๐ฅ๐ย Match Chain ๐ฅ๐
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.
๐ฐย New Deals ๐ฐ
- Droplinked $5mm SAFE+token warrant Seed
Droplinked is an on-chain commerce infrastructure supporting the next billion companies, creators and customers to earn more together transparently. Droplinked records digital and physical goods on-chain as a decentralized inventory management and sales tracking network.
- TokenShield $1.5mm SAFE + token warrants pre-seed
Holding assets onchain is stressful and dangerous. Add an extra layer of protection from phishing and malware with TokenShield Vaults. Simply mint a Vault and protect your most important assets through onchain MFA. Even if you lose your seed phrase, our seamless Vault recovery process has got your back.
๐ฐย Top Crypto News ๐ฐ
Here's the latest scoop from the blockchain, crypto, and Web3 world. ๐๐
- ๐ย Crypto markets to hit $7.5tn by 2025, Bernstein saysย - Bernstein researchers predict that the total value of cryptocurrencies will triple to $7.5 trillion by 2025, driven by seven key factors.
- Google Cloud's Web3 Portal Launch Triggers Mixed Reactionsย ๐ - Google Cloud's new Web3 portal has sparked debate within the crypto community due to its lack of native Bitcoin and Lightning Network support.
- Blockchain Gaming Weekly Roundupย ๐ฎ - Highlights from the blockchain gaming sector, including new RPGs from Planetarium and a new blockchain from Krafton aimed at transparent settlements in the creator economy.
- U.S. Stablecoin Bill Could Transform Crypto Regulationย ๐๏ธ - A new bill introduced in the U.S. Congress aims to regulate dollar-pegged stablecoins, potentially reshaping the regulatory landscape for cryptocurrencies in the U.S.
- XRP Price: Whales Accumulating Heavily Ahead SEC Filing On April 29: The accumulation of XRP by whales ahead of an SEC filing demonstrates the market's speculative nature and the impact of regulatory news on crypto prices. ๐ณ๐
- Adidas Remains Committed To NFTs Despite Lack Of Institutional Interest: Adidas' continued investment in NFTs and the metaverse, despite a general slowdown, showcases the brand's long-term vision for digital assets. ๐ฝ๐
- We Must Protect Crypto-AI From Financial Nihilism: The call to focus on meaningful innovation in the crypto-AI sector rather than speculative ventures emphasizes the need for sustainable growth and real-world applications. ๐ค๐ฑ
- Ankr Launches AI-focused Layer 1 Blockchain Neura on Public Testnet: Ankr introduced its AI-focused blockchain, Neura, which aims to support AI startups by providing decentralized GPU resources and efficient data storage solutions. This development marks a significant step in integrating AI with blockchain technology ๐ค.
- Middle East Crypto Market Surges, Daily Traders Up 166% in Year: The Bitget report highlights a significant increase in daily crypto traders in the Middle East, with expectations of reaching 700,000 by the end of 2024. The growth is driven by favorable regulations and the increasing attractiveness of digital assets ๐.
๐ย Market Data ๐
DEX Weekly Transaction Volume by Chain
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Top Cryptocurrencies
| Token | April 22, 2024 | April 29, 2024 | % Change |
| BTC | $66,842 | $63,798 | -4.6% |
| ETH | $3,199.77 | $3,213.69 | 0.4% |
| BNB | $605.26 | $593.25 | -2.0% |
| SOL | $156.99 | $137.67 | -12.3% |
| XRP | $0.556080 | $0.514871 | -7.4% |
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) |
| Helium (HNT) | $5.81 | 46.22% | $66,972,761 |
| Bonk (BONK) | $0.00002416 | 18.67% | $311,447,190 |
| Hedera (HBAR) | $0.10 | 11.65% | $166,094,103 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| Pendle (PENDLE) | $4.30 | 34.19% | $190,446,567 |
| Bittensor (TAO) | $389.93 | 24.26% | $58,041,380 |
| Stacks (STX) | $2.40 | 22.99% | $134,406,302 |
Source: CoinMarketCap as of April 29, 2024.
Market Sentiment and Indicators
- Crypto Fear and Greed Index: The Index value started at 73 Greed at the beginning of the week and slightly dipped to 67 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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