Weekly Deal Updates - November 11, 2024
Deal Meeting Date
Nov 11, 2024
Sponsor
Pond AI
ISO Week
41
Number of Deals
3
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.
- Koii $3mm Private Round SAFT
Koii aims to build the world's largest supercomputer. Powered by a global network of developers and retail node operators, the Koii ecosystem simplifies and standardizes the launch of new DePIN and alt-coins. Unlike most DePINs, Koii allows any existing token to be issued to pay node operators.
- Aspis Protocol $540k Seed SAFT
Aspis Protocol aims to create the world's first AI-governed decentralized vaults. Aspis Protocol aims to automate investor relations by transferring the logic of legal term sheets into smart contracts.
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
- 🚀 Bitcoin Blasts to $90K as Crypto Rally Shakes Out $900M of Leveraged Bets - Crypto prices continue melting upwards since Donald Trump's election victory as investors reprice digital assets in anticipation of a friendlier government.
- 📈 BlackRock Bitcoin ETF sees 'biggest volume day ever' with $4.1B traded - BlackRock's Bitcoin ETF (IBIT) experienced its largest trading volume day on record, with over $4.1 billion traded as Bitcoin reached a new all-time high.
- 💰 MicroStrategy's $2 billion Bitcoin buy is largest since 2020 - MicroStrategy made its largest Bitcoin purchase since 2020, acquiring $2 billion worth of the cryptocurrency, further solidifying its position as a major institutional holder.
- 🗳️ Crypto-backed candidates notch more wins as House results trickle in - More candidates supported by cryptocurrency political action committees won their races for the US House of Representatives. The crypto industry sees this as a positive sign for potential pro-crypto legislation in the future.
- 🌐Top Ethereum Researcher's Dramatic Proposal Draws Standing-Room-Only Crowd in Bangkok - The Beam Chain groups a number of big-ticket upgrades, including native zero-knowledge proof support and fast finality, into a single Ethereum upgrade. Just don't call it "Ethereum 3.0."
- 💵 New Global Dollar Stablecoin Backed by Robinhood, Kraken, Paxos and Other Crypto Heavies - The Global Dollar Network, whose participants will earn yield for helping foster adoption of USDG, also includes Anchorage Digital, Bullish, Galaxy Digital and Nuvei.
- 🏛️ Trump's crypto project plans to launch its own U.S.-dollar-backed stablecoin: Report - Reports suggest that Donald Trump's cryptocurrency project is planning to launch a US dollar-backed stablecoin, potentially expanding his influence in the crypto space.
- 🌟 Dogecoin soars 15% as Elon Musk replies 'D.O.G.E' to question about proposed Department of Government Efficiency - Dogecoin's price surged following Elon Musk's cryptic tweet, sparking speculation about potential government adoption of the meme cryptocurrency.
- 💼 VC Roundup: Web3 funding hits $5.4B in 2024 - Venture capital funding for Web3 startups reached $5.4 billion in 2024, with $1.4 billion raised in the third quarter alone, indicating continued strong interest in blockchain and decentralized technologies.
- 📊 Coinbase launches 'Coin50' index as crypto equivalent to S&P 500 and a balance to Bitcoin - Coinbase introduced the Coin50 index, aiming to provide a comprehensive view of the crypto market performance, similar to the S&P 500 for traditional stocks.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | November 5, 2024 | November 12, 2024 | % Change |
| BTC | $69,335 | $88,265 | 27.3% |
| ETH | $2,422.37 | $3,260.93 | 34.6% |
| BNB | $563.18 | $629.14 | 11.7% |
| SOL | $166.51 | $213.07 | 28.0% |
| XRP | $0.512803 | $0.712570 | 39.0% |
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) |
| Peanut the Squirrel (PNUT) | $0.91 | 566.06% | $1,623,652,236 |
| (RAY) Cronos (CRO) | $0.16 | 92.23% | $463,843,953 |
| Dogecoin (DOGE) | $0.36 | 75.19% | $37,423,144,330 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| Popcat (SOL) (POPCAT) | $1.44 | -9.91% | $237,107,232 |
| Artificial Superintelligence Alliance (FET) | $1.26 | -8.62% | $806,836,302 |
| Helium (HNT) | $5.65 | -8.38% | $45,499,228 |
Source: CoinMarketCap as of November 12, 2024.
Market Sentiment and Indicators
- Crypto Fear and Greed Index: During this period, the index value started at 70 (Greed) and gradually climbed up in the Greed Zone throughout the week, ending at 80 (Extreme 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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