RaaS #483: USDT Goes To BTC!

PUMP Buyback Program, Trustless Agents On Ethereum, and Moar!

Over the past week, Pumpdotfun bought back $10.65M worth of PUMP, representing 99.32% of weekly revenue. Cumulatively, they’ve spent $58.13M on buybacks, offsetting 4.261% of the circulating supply.

ERC-8004 is shaping up to be the blueprint for Trustless Agents, and this panel is stacked: Shaw from Eliza Labs, Marco from MetaMask, and Davide from EF. Expect sharp takes on intent execution, agent rails, and why AI infra should live onchain, not just in theory, but in code.

A civic dashboard powered by LLMs just went live for San Francisco, tracking spending, contracts, departments, and news in real time. It’s like Glassdoor for your government. Built by Michael Adams and team.

Anticapture is like L2Beat for DAO governance, surfacing the invisible risks most contributors overlook. From proposal thresholds to veto power, it maps structural vulnerabilities that attackers already see as arbitrage. Now the rest of us can, too. Leveling the game starts here.

Kalshi shows a 25% odds prediction that El Salvador’s Bitcoin holdings hit $1B before December. Bukele trolls hard.

STARKs aren’t usually used for ZK because privacy hasn’t been the priority; efficiency and engineering simplicity have. Vitalik suggests this will shift as quantum threats grow. For now, complexity remains the bottleneck more than performance or market demand.

Solana stepping up with a $500K donation to support Roman Storm and Alexey Pertsev’s legal defense is a powerful statement for developer rights and privacy.

From $1B metaverse darling to Basechain memecoin pivot, Sandbox’s arc is a brutal reminder that brand deals don’t equal product-market fit. All the hype, celebs, and land speculation couldn’t mask the lack of retention. Now it’s layoffs, collapse, and a last-ditch launchpad.

The XRP community’s security gaps are back in the spotlight, with no active ledger forensics and no coordinated scam recovery. Now, ZachXBT is calling them “exit liquidity for insiders.” When even self-custody advocates are tapping out, it’s not just a FUD problem.

Feels like we’re missing something important.

When the charts stop making sense, trust your gut, and Yugi’s parlay. New episode of the Polymarket Betting Diaries ft. the holy trinity of vibes: Ziya, Tushar, and Mobi. Profits? No. Pure conviction? Always.

Pyth just got the nod from the U.S. Department of Commerce to publish official economic data onchain, starting with GDP. This isn’t just a win for oracles; it’s a federal co-sign for verifiable public infrastructure. Chainlink has also received the nod.

Ultra built “Blind” in a weekend for $400 to prove a point: launchpads don’t need VC bloat. It runs on Base + Flaunch, lets creators stay anon while flexing social clout (Kaito, Ethos, X), and gates presales with real signals. It’s fast, fun, and unapologetically vibecoded.

The MITO Genesis Airdrop is now live. You can claim until 1:00 PM UTC on Sept 11. No gas worries, MITO tokens are preloaded to cover fees. Just connect the wallet you registered, and you’re good to go.

After hours in the Hyperlabyrinth, Kirby just dropped the ultimate Hyperliquid resource list. Tools, dashboards, bots, all in one clean Airtable. If you trade on Hyper and don’t bookmark this, you’re just farming the hard way.

M0 just locked in $40M from Polychain, Ribbit, and Endeavor to build the universal stablecoin platform. One step closer to programmable, modular money that doesn’t break under pressure.

Tether’s bringing USD₮ to RGB and Taproot Assets, planting stablecoins directly into Bitcoin’s roots. Bitcoin-native stable value, no wrappers, and no middlemen. Freedom, but make it programmable.

Hyperps on Rabby?

Hiring for BD in crypto isn’t copy-paste from Web2. Tokens, incentives, and open ecosystems reshape the role entirely. This post breaks down how BD varies across L1s, infra, fintech-facing protocols, and why clarity on outcomes matters more than titles. A must-read for any founder scaling growth.

Top Gainers: PYTH, NEON, RLC, BAS, TREE.

Governments are getting hands-on with stablecoins: Japan is greenlighting a yen-backed trust bank token, Wyoming dropped a state-issued “Frontier Token,” and Korean banks are flirting with Tether and Circle. Meanwhile, MetaMask is launching mUSD on Linea. The public sector is playing catch-up fast.

Bitcoin on Solana just got an upgrade. LBTC brings native yield (~1% APY) to BTC, powered by Babylon restaking and backed by $1.5B+ in circulation. Trade, LP, borrow, no rebases, no custody risk, just Bitcoin that earns as you DeFi. Solana’s BTC meta begins.

That’s all for today!