RaaS #534: Largest HYPE Holder Revealed!

ZachXBT Warns of Fake Hyperliquid Apps, Agentic Fund of Funds by Virtuals, and Moar!

Alpha is personal. Minty shares 10 hard-learned lessons, from positioning and meta shifts to black swans and capital preservation.

Crypto neobanks face fintech-like hurdles: high CAC, weak deposit monetization, and over-reliance on swipe fees, leading to thinner margins.

Emily Lai highlights what brands seek in KOLs: the ability to drive fees and revenue. Different sectors prioritize metrics like signups, app downloads, and dapp usage. Trust is key to conversions. The evolving crypto marketing landscape lacks a one-size-fits-all strategy.

My new routine just landed.

Fusaka introduces peerdas, blob lanes, and increased gas limits for faster transactions and lower fees. Developers gain improved opcodes and cheaper contracts. It promotes decentralization but requires app adoption.

Virtuals introduces the Agentic Fund of Funds, managed by Butler Agent, for yield optimization. It reallocates stablecoins in DeFi, offers on-chain reporting, and adaptive management. Minimum deposit is $10. DM Butler for details.

Your daily dose of bite-sized news to stay updated.

1. Paradigm is the largest HYPE holder, owning $763M across 19 wallets.

2. Strategy just raised $715M via STRE to buy more Bitcoin.

3. Kazakhstan will launch a $1B crypto reserve fund by 2026, funded entirely by seized assets.

4. Fraudulent apps impersonating Hyperliquid have appeared on the Google Play Store, according to ZachXBT.

5. Fomo raised $17M to scale its social-first trading app, after hitting $40M daily volume and $150K/day in revenue just 6 months post-launch.

6. Tether moved another $97M in BTC to its reserve wallet, raising its holdings to 87,296 BTC ($8.9B), per Arkham.

Cleopetra introduced a liquidity terminal on Solana via Meteora, featuring preset LP strategies, take-profit/stop-loss tools, and auto-rebalancing with dip protection. Users earn points and dual airdrops for activity.

Stream's $93M loss led to Elixir's asset liquidation, causing deUSD to drop to $0.10 and sdeUSD to $0.04. Elixir's $68M exposure affected Trevee, Abracadabra, Compound, and Morpho, highlighting weaknesses in isolated market risk assumptions.

What the ZEC is going on?

Top Gainers: AIA, HIPPO, SOON, ZERA, FIL.

High-signal reads are worth your time, all in one place.

1. Crypto requires better questions, not more opinions. Socratic prompts can challenge assumptions and foster meaningful dialogue. The most effective thinkers adapt and evolve rather than being the loudest voices in the room.

2. INFINIT aims to drive real x402 demand by simplifying DeFi for retail using agents, integrating with Google A2A, and planning for AP2 compatibility.

3. The market faced a systemic collapse, exposing fragility in stablecoins and DeFi. xUSD lost $93M, impacting deUSD and USDX. Hacks and liquidity issues spiked borrowing rates, eroding trust in CEXs and DeFi. Surviving teams must focus on transparency and utility.

4. Hyperliquid and Polymarket reward app developers with millions via builder codes. ERC-8021 proposes a standard for attribution on Ethereum. Native adoption could lead to app-layer monetization, benefiting UX beyond protocol design.

5. X is a powerful platform for personal branding, with daily active founders and investors. Optimize your profile, post smart content, and engage with communities to make your account a valuable asset, leading to social, professional, and financial returns.

Polymarket announced that its prediction market odds will soon be integrated directly into Google Search, boosting visibility, credibility, and mainstream accessibility of on-chain forecasting.

Sui's Mysticeti v2 enhances performance by integrating validation into DAG consensus and launching Transaction Driver, cutting latency by 25-35% and reducing compute cost. It simplifies consensus paths, boosting UX and performance for end users and validators.

That’s all for today, see you on Monday!