RaaS #539: BlackRock’s BUIDL Fund Lands on BNB Chain!

Grayscale Files for a U.S. IPO, Magic Eden Allocates Revenue for Buybacks, and Moar!

Over 60 crypto projects offer payment cards for seamless crypto-to-fiat conversion, including Visa and Mastercard. These cards integrate DeFi with TradFi, featuring various compliance, fee, and reward structures.

POPCAT was manipulated with a $25M spoofed buy wall, causing $4.9M in HLP losses and $4M in liquidation losses. Twenty-six wallets linked to past manipulations highlight the vulnerability of perp DEXs to coordinated spoofing by capital-rich entities like BTX Capital.

Zama launches ZAMA, a burn-and-mint gas token for private transactions, with USD-pegged fees burned and operators rewarded. It offers 100x fee discounts and uses DPoS for security. If scaling to 10% of crypto volume, it could generate $1B+ annual burns.

Radarblock's Kalshi segment features World Cup qualifier predictions by Yugi. Let's see how these play out and whether our Chief Betting Officer can score a bonus before the year's end.

Most aspiring traders seek financial freedom, not a trading career. Real trading is volatile and stressful, leading veterans to diversify into products or businesses. Early traders should view trading as a tool for leverage and multiple income streams, not an end goal.

So InfoFi isn’t the culprit?

CDK Enterprise enhances private blockchains’ scalability and future-proofing, offering private environments with ZK integrity, SSO/API access, and audit controls. It supports various migration modes, ensuring privacy, interoperability, and compliance without trade-offs.

BlackRock's BUIDL fund is now on BNB Chain, offering tokenized RWAs in DeFi. Tokenized by Securitize and bridged via Wormhole, it provides on-chain U.S. dollar yields, flexible custody, and Binance collateral utility, signaling RWA maturity in DeFi.

Your daily dose of bite-sized crypto news.

1. OKX adds in-app DEX trading across Base, Solana, and X Layer.

2. Magic Eden will now allocate 30% of all secondary marketplace revenue to buybacks.

3. Grayscale has filed to go public in the U.S. via an IPO.

4. The dYdX Foundation said its community voted to redirect 75% of the protocol’s revenue toward buying back DYDX tokens on the open market

5. Kalshi adds native USDC support via Coinbase, letting users fund their prediction market accounts more easily with stablecoins.

Flashbots distributes over $3M/month to Ethereum apps and users by turning MEV into a revenue stream. Its auction model lets wallets, DEXs, and users earn from MEV, unlocking sustainable business models and enhancing Ethereum's capital efficiency.

Michael Saylor denies claims that Strategy has dumped BTC.

It’s official!

Top Gainers: MB, DUPE, SAFE, AURORA, LSK.

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

1. The SEC's new guidance clears the backlog, allowing pending crypto ETFs, like Bitwise’s XRP ETF, to advance. Registration can now accelerate under specific conditions, signaling renewed regulatory momentum and potentially faster crypto ETF approvals.

2. Stani critiques Uniswap Labs' governance shift, warning it centralizes decision-making and risks protocol resilience. He stresses the importance of decentralized stakeholder ecosystems over reliance on a single entity to maintain competitiveness and long-term value.

3. Lighter points could reach $160–$900 based on market conditions and valuation. Current OTC prices ($60–90) seem undervalued. A $120–160/point range is likely, considering Lighter's metrics and benchmark comparisons.

4. Bitcoin falls below $95K, down 24% from ATH, raising bear market concerns. ETFs lose $1B+, stablecoin liquidity drops, and bearish on-chain indicators emerge.

5. Pig-butchering scams, now a national security threat, generated over $9.9B in 2024. Linked to human trafficking and crypto laundering, expect stricter global crackdowns using blockchain to disrupt operations through sanctions, fund freezes, and strike forces.

Crypto job discovery is streamlined with tools like SuperteamEarn and SuperteamTalent, aggregating 50K+ jobs from companies like Binance. The Solana ecosystem enhances hiring processes, making onboarding more efficient across marketing, design, and engineering.

kHYPE, the first HYPE LST, is now listed on Hyperliquid Spot with a USDH pairing. This supports seamless transfers between HyperEVM and HyperCore, enhancing Hype’s LST and stablecoin infrastructure for improved liquidity and composability.

That’s all for today!