RaaS #472: ETH Outperforms BTC YTD!

ETH Treasury Firms Getting Ready, OKX To Burn Tokens, and Moar!

Pindora lets musicians tokenise their tracks as NFTs with built-in smart contracts for automated royalties and fan perks. Revenue comes from mint fees, secondary sales, and premium experiences, aiming to fix music industry inefficiencies and deepen artist-fan engagement.

ETH surged 9% to $4,708, now just 4% below its 2021 peak, outpacing BTC by 900 bps YTD with staking. BitMine plans a $20B raise to grow its ETH holdings to 5% of supply, prompting Tom Lee to forecast $7K–$15K by year-end. SOL also rallied 15% to an intraday high of $201.58.

In the call option model, market makers sell loaned tokens upfront to fund liquidity and hedge exposure. They maintain delta neutrality, profiting from spreads, DEX fees, volatility trades, and risk-free option exercises, optimizing for stable returns over price speculation.

Ghost followers, bots, or inactive accounts drag down engagement, harm algorithm reach, lower KPIs, and hurt credibility. The fix: manually remove them if small, or use tools like Circleboom to bulk purge. Fewer but active followers boost visibility and growth potential.

ETH-focused treasury companies could deploy $27B into ETH, equivalent to 40% of the total ETH held on exchanges. This capital-led by BMNR with a projected $25.7B NAV, signals a potential supply shock that could tighten liquidity and pressure prices upward.

Wish someone had explained it like this to me.

Teleop is now live on PrismaX, letting users train vision-language action models while earning rewards. First-time users get 3,000 PrismaX points, plus 90 points for every five minutes of teleoperation, tying robotics training directly to onchain incentives and user impact.

Sentient has launched The GRID, an open-source AGI network positioned as a decentralized rival to closed AI marketplaces like OpenAI. At debut, it hosts 40+ agents, 50 data sources, and 10+ models across Web2/Web3, with token-based monetization, real-time agent interoperability, and 2M+ waitlist sign-ups.

Trump’s crypto ventures have earned $2.4B since 2022, or 43.5% of his political-era wealth, from NFTs, token sales, UAE deals, BTC mining, Trump Media’s BTC treasury, and the TRUMP memecoin. The scale has raised ethics concerns and coincided with a pro-crypto policy shift.

Top Gainers: IMAGE, OKB, SKL, NUB, CHEX.

A study of 25,798 Aave liquidations (Mar 2022–Dec 2024) found that liquidations don’t deter DeFi borrowing. Large wallets borrowed more often but in smaller amounts, while small wallets kept amounts steady. No credit-score penalty means liquidations are treated like routine risk events.

OKX will burn 65.26M OKB from reserves, fixing total supply at 21M. The upgrade removes minting and manual burns, and phases out OKTChain by Jan 1, 2026, with OKT swapped for OKB. OKB jumped 170% to $124 on the news.

Odin.fun, a Bitcoin-based memecoin launchpad, lost 58.2 BTC (~$7M) in a liquidity manipulation exploit. Co-founder Bob Bodily says the treasury can’t fully cover losses but is working on a compensation plan. Law enforcement, OKX, and Binance are aiding recovery efforts.

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That’s all for today!