Weekly Deal Updates - June 3, 2024
Deal Meeting Date
Jun 3, 2024
Sponsor
Match Chain
ISO Week
23
Number of Deals
1
gm! Welcome to another edition of the Fight Club weekly newsletter, where we highlight top crypto news and list this week’s deals.
We have a light week inside, with a single deal from a unique decentralized social oracle network, so if you are a blockchain social maxi, this one’s for you. Otherwise, enjoy some highlights from the week in crypto with top news and market data.
Subscribe to our monthly newsletter for a deeper dive into a trending topic in Web3 and project spotlight. This monthʻs topic is Bitcoin Scaling Solutions.
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.
💰🏦 Zoth RWA 🏦💰
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. 🚀
💰 New Deals 💰
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.
- Social.Live $3mm seed SAFT
- LiveCasts: social-telecommunication infrastructure power users to real-time data and assets
- SocialPass: a Web3 passport that users own and grants all-access to the cross-chain social media landscape.
- Social LaunchPad: Web3 social hub and decentralized interchange for connectivity with cross-chain activities
Social Live is a decentralized social oracle network that connects all blockchains socially, bringing together Web3 communities that were once isolated.
Social.Live has 3 branches:
📰 Top Crypto News 📰
Here's the latest scoop from the blockchain, crypto, and Web3 world. 🚀🌐
- 🔥 Bitcoin Breaks to Low End of Trading Range, but June Data Could Be Next Catalyst - CoinDesk reports Bitcoin has broken to the lower end of its trading range, but upcoming economic data in June could provide the next catalyst.
- 🚫 Biden vetoes bill overturning SAB 121, says standard 'necessary' for crypto innovation - President Biden has vetoed a bill overturning the SEC's SAB 121 guidance, stating it is necessary for crypto innovation.
- 🪙 The Fed Quietly 'Admits' Gold Is Replacing The Dollar As Collapse 'Fear' Predicted To Trigger A $15.7 Trillion ETF Bitcoin Price Flip - Predictions suggest Bitcoin could replace gold as countries adopt it, potentially pushing its market cap toward $15.7 trillion.
- 💰 Mt. Gox moves at least $2.9 billion in bitcoin for first time in five years - Mt. Gox transferred $2.9 billion worth of Bitcoin, marking the first significant movement of assets in five years.
- 💸 Japanese Crypto Exchange DMM Bitcoin Suffers $305M Hack - DMM Bitcoin, a Japanese crypto exchange, experienced a $305 million hack, prompting measures to prevent further unauthorized outflows.
- 📈 GameStop Stock, Meme Tokens Surge as User ‘DeepFu*kingValue’ Returns to Reddit - GameStop stock and meme tokens surged following the return of the user 'DeepFu*kingValue' to Reddit.
- 🛠️ MoonPay launches new Web3 tool platform for brands venturing into Web3 - MoonPay launched Web3 Tools, a platform designed to help brands navigate the Web3 space with features like authentication and token-gating.
- 🌌 Web3 Digital Identity Network Galxe Crafts Own Layer-1 Blockchain Gravity - Gravity's first iteration will go live this June, with plans for the final version with staking and restaking to launch in the second quarter of 2025.
- 🐸 Pepe memecoin hits record high but risks a brutal 40% crash by June - Pepe memecoin reached a record high but faces a potential 40% crash due to bearish technical indicators.
📈 Market Data 📉
DEX Weekly Transaction Volume by Chain
Top Cryptocurrencies
| Token | May 26, 2024 | June 3, 2024 | % Change |
| BTC | $68,509 | $68,808 | 0.44% |
| ETH | $3,825.28 | $3,766.64 | -1.53% |
| BNB | $600.01 | $626.56 | 4.42% |
| SOL | $163.36 | $164.81 | 0.89% |
| XRP | $0.528232 | $0.520061 | -1.55% |
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) |
| Notcoin (NOT) | $0.02 | 218.30% | $1,817,103,364 |
| DOG•GO•TO•THE•MOON (DOG) | $0.01 | 120.86% | $87,571,218 |
| JasmyCoin (JASMY) | $0.04 | 43.82% | $301,011,626 |
- Active Losers:
| Token | Price | % Price Change (7d) | Volume (24hr) |
| Bonk (BONK) | $0.00003191 | 15.91% | $591,339,908 |
| Akash Network (AKT) | $4.40 | 15.73% | $12,693,076 |
| Uniswap (UNI) | $9.51 | 11.84% | $160,944,888 |
Source: CoinMarketCap as of June 3, 2024.
Market Sentiment and Indicators
- Crypto Fear and Greed Index: The Index value started at 74 Greed at the beginning of the week, remained flat throughout the week, and ended at 73 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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