RaaS #465: USDe 3rd Largest Stablecoin!

OpenMind Raised $20M, Solana Lender Credix Exploited, and Moar!

OpenMind has raised $20M led by Pantera to build “Android for robots” and launch FABRIC, a protocol for machine coordination and identity. The team unveiled a waitlist for early users to earn points via social referrals, as OpenMind scales its human-machine infrastructure.

USELESS insiders dumped $722K right before rotating into Bonk Fun tokens like TROLL and IMAGINE. The dev, linked to prior rugs, vanished post-ATH again. Bonk Fun’s scale (+22K tokens/day) makes it the perfect launchpad for this rinse-and-repeat exit strategy.

Cole questions VCs who bet 10–20% on Berachain, reminiscing about “Berps” and Bong Bears. Smokey fires back with a personal dig, escalating CT drama. It’s less about fund returns now, more about who’s holding a grudge and who’s holding the bag.

SEI teases Metamask support.

Humanoid robots just crossed the cost curve. At $50k, they undercut global labor, and with local AI agents like Codec’s VLA, they don’t need the cloud to think. Add tokenized data and onchain task markets, and robotics becomes crypto’s next inevitable meta.

REI flips the script on LLMs. Instead of scaling brute-force megamodels, it builds modular systems: LLMs for language, a Reasoning Cluster for cognition, and Bowtie for evolving memory. If AI’s next unlock is architecture, not scale, REI is the most direct bet.

Arbitrum just launched a $10M Audit Subsidy Program. Early-stage projects building on Arbitrum can now apply for subsidized smart contract audits from 12 top firms, including OpenZeppelin and Trail of Bits. Only new or significantly updated code qualifies. Apply early to secure funding and ship safely.

After nearly 3 years rebuilding trust at Solana, Arielle (Head of Comms) is stepping away. Grateful, proud, and heading into summer with family. A graceful sign-off from one of the ecosystem’s best storytellers.

How’s your leverage trading going?

Yugi has been onboarded into the new role of Chief Betting Officer.

Credix exploited for $4.5M, promises full user reimbursement in 48h. A compromised admin wallet on Solana lender Credix minted unbacked acUSDC, drained pools, and bridged out funds. The team shut down the front-end, confirmed no user deposits are lost, and pledged to fully reimburse affected users within 24–48 hours.

CEX hacks have cost $4B+ since 2014, with $3.7B more expected. Cointelegraph’s FORMULA outlines five key crisis comms lessons: speak early, be precise, prioritize facts over fluff, own the issue, and prep your response systems before anything breaks.

Top Gainers: MYX, MAGIC, NUB, SPK, MM.

Ethena’s USDe surged 75% in 3 weeks to hit a $9.3B market cap, becoming the third-largest stablecoin behind USDT and USDC. The spike followed the GENIUS Act signing and a custody deal with Anchorage. Yield-seeking demand and regulatory clarity are fueling Ethena’s $10B TVL and driving growth across the $257B dollar-token market.

That’s all for today!