Weekly Deal Updates - August 19, 2024
Deal Meeting Date
Aug 19, 2024
Sponsor
Zoth
ISO Week
33
Number of Deals
5
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:
- 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.
๐ฐ๐ฆย Zoth RWA ๐ฆ๐ฐ
The real-world asset (RWA) narrative continues to gain momentum, with financial institutions showing strong interest in adopting it.
Zoth is an RWA DeFi infrastructure company bringing fixed-yield products on-chain. Their products deliver fixed, sustainable, and secure yields from real-world assets. Zoth is live on Mainnet and across 8 blockchains with over $75M+ in credit originated and a further $11M deployed/contracted.
They launched Atlas, a community-incentivized portal with 1.2M+ wallets, attracting DeFi natives with sustainable on-chain RWA yields.
Zoth plans new asset classes, permissionless products, partnerships, and a token launch soon. ๐
๐ฐย New Deals ๐ฐ
Want to learn more about a project? If we get the votes on a deal we set up an AMA. Look for the ๐ย in the forum post and place your vote.
New to Fight Club Discord? Head to #start-here to begin the onboarding process. Select the ๐งProspective Investor role in #role-select to reveal the deal forum.
- PhronAI $7mm Private SAFT
PhronAI aims to build 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 a dynamic Layer 1 blockchain.
- Gamma Options $2mm Seed SAFT
Gamma Options is revolutionizing the DeFi landscape with a unique protocol on Ethereum that facilitates European options trading and issuance through AMM markets and margin utilization.
- GGem.GG $550k Seed SAFT
GGEM.GG is revolutionizing the Web3 gaming landscape as the premier Web3 Game Launcher and infrastructure on Berachain. Its platform streamlines the onboarding process, eliminating the complexities for gamers unfamiliar with crypto, and ensuring seamless and intuitive interactions with blockchain technology.
- Kino $4.5mm SAFE + Token Warrant
KINO enables fans to engage directly via LVOD+ (Live Digital Premieres) with their favorite stars on KINO's global, interactive mobile + TV app platform. KINO aims to outperform the market with its unique AI/ML discovery engine, Mobile+TV dual-screen interactive UX, decentralized data architecture, and fan rewards token. Creators receive payouts 10x that of all other social or streaming platforms.
๐ฐย Top Crypto News ๐ฐ
Here's the latest scoop from the blockchain, crypto, and Web3 world. ๐๐
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- ๐ณ MetaMask Partners Mastercard to Launch Payment Card in Europe - Metamask has partnered with Mastercard and Baanx to launch a debit card that lets users spend their crypto assets directly from their self-custody wallets.
- ๐ช Ripple begins testing RLUSD stablecoin on mainnet - Ripple believes the total stablecoin market will have swollen to $2 trillion by 2028 as demand for the low-volatility fiat-pegged tokens grows.
- โ๏ธ Dragonfly, Crypto.com Weigh in on CFTC's Proposed Prediction Market Rules - Both parties argue the CFTC's move to regulate prediction markets is an overreach, with Dragonfly arguing that the recent 'Chevron' court ruling limits its power.
- ๐ Optimism Pushes for 'Interoperability' Between Affiliated BlockchainsโOptimism is releasing its interoperability roadmap to address speed and cost challenges.
- ๐จ Chainalysis Reports Decline in Illicit Crypto Activity - Despite a drop in illicit crypto transactions, inflows to risky services are trending higher, indicating a complex landscape for crypto security.
- โ๏ธ Tether Faces Legal Battle Over $3 Billion Bitcoin Dispute with Celsius - Tether is gearing up to defend itself against a lawsuit filed by bankrupt crypto lender Celsius, which demands the return of over $3 billion in Bitcoin.
- ๐๏ธ Thailand launches crypto regulatory sandbox to kick-off adoption - The initiative is designed to support the testing and development of services related to digital assets.
- ๐งโโ๏ธ Nigerian Files Lawsuit to Overturn Crypto Ban, Seeks BTC Commodity Status - A Nigerian bitcoin proponent has launched a lawsuit challenging government restrictions on owning, using, and trading digital assets.
- ๐ณ๏ธ Crypto Democrats rally behind Harris campaign in push for policy revamp - Billionaire Mark Cuban, Wall Street financier Anthony Scaramucci, and Congressman Adam Schiff were among a group of cryptocurrency advocates who called on Kamala Harris to reset the Democratic party's policy on digital assets ahead of the November election.
- ๐ Bitcoin Would Be $20K If Not for the ETFs: Analyst - Bloomberg Intelligence Senior ETF Analyst discusses the spot bitcoin ETFs' impact on the leading cryptocurrency and his outlook on ether ETF products in the U.S.
- ๐ค AI and Bitcoin mining: A symbiotic relationship for the digital age - The intersection of Bitcoin mining and AI data centers sparks energy efficiency innovations and economic potential.
๐ย Market Data ๐
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | August 13, 2024 | August 20, 2024 | % Change |
| BTC | $60,601 | $59,575 | -1.7% |
| ETH | $2,703.55 | $2,640.59 | -2.3% |
| BNB | $523.55 | $561.35 | 7.2% |
| SOL | $146.77 | $144.57 | -1.5% |
| XRP | $0.576440 | 0.599114 | 3.9% |
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) |
| Aave (AAVE) | $126.48 | 32.48% | $335,163,957 |
| Klaytn (KLAY) | $0.1594 | 23.54% | $21,415,310 |
| BitTorrent [New] (BTT) | $0.069049 | 21.54% | $36,735,907 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| SATS (1000SATS) | $0.0002938 | -12.05% | $74,267,531 |
| Akash Network (AKT) | $2.49 | -10.69% | $10,232,902 |
| Celestia (TIA) | $5.07 | -10.16% | $65,989,282 |
Source: CoinMarketCap as of August 20, 2024.
Market Sentiment and Indicators
- Crypto Fear and Greed Index: During this period, the index value began at 30 Fear, stayed flat in the Fear zone throughout the week, and ended at 30 Fear. 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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