RaaS #544: WLFI Freezes Funds Pre-Launch!

OG BTC Whale Sells $1.3B, Kalshi Hits $11B Valuation, And Moar!

WLFI kicked off launch week with drama: the team froze a batch of compromised wallets hit by phishing and then manually reallocated millions in WLFI tokens after fresh KYC checks. WLFI says it’s protecting victims, but critics say this feels a little too CeFi for a DeFi project.

AI hedge fund Numerai just secured a fat $30M Series C at a $500M valuation, led by top university endowments. The team expressed their goal to scale their fund toward $1 billion in Assets Under Management (AUM) and beyond. The market loves it, as NMR pumped over 40% afterward.

Fuse just beat out heavy hitters like Starlink, Partiful, Runa, Kraken, and PrizePicks to take home App of the Year at the 2025 A Expo Awards. The team says they’re proud of the milestone and will continue to build the future of consumer finance.

Today on On The Radar, Luki is joined by Naruto (Senior DevRel at Avail) and Kunal (CMO at HeyElsaAI) to unpack the week’s biggest stories, what actually matters, and whether this market is setting up the builders… or wiping them out. Tune in!

MegaETH will open its USDC to USDm pre-deposit bridge on November 25 with a $250M cap. Depositors will receive USDm, the chain’s native Ethena-powered stablecoin, and will be considered for the rewards campaign. It will be FCFS with no cap for each individual.

From we're so back to it's so over.

MegaETH continues to take the spotlight today as a brand-new trading app built by former BlackRock directors just raised $4.6M in a seed round led by Dragonfly Capital. The app, HelloTrade, runs entirely on MegaETH and aims to bring leveraged trading for stocks, ETFs, commodities, and crypto directly on-chain.

Robinhood is officially in the prediction markets game! Their new Kalshi-powered feature lets users trade on rainfall, temperature highs/lows, storms, and more. Yes, you can now long the weather.

Your daily dose of bite-sized crypto news.

1. Strategy might get kicked out of the MSCI USA and Nasdaq-100 indexes, with a final decision coming by January 15, 2026.

2. The Kobeissi Letter says today was a macro-driven flush, not a meltdown, amid BTC dump at ~$85K.

3. Grayscale’s SUI Trust (GSUI) is now trading live on OTCQX.

4. Crypto sentiment just hit a historic low as the Fear & Greed Index dropped to 9, deeper than the FTX-era panic.

5. Tether used $1 billion of its own USDT treasury to buy Bitcoin for the first time ever.

One of Bitcoin’s original whales just closed the book on a 14-year journey, selling all 11,000 BTC (~$1.3B) he’d been holding since 2011. His last move? Sending $230M straight to Kraken. A historic wallet is now empty… but the real question is: signal or noise?

After months of ecosystem drama, Kaddex announced they’ve acquired 100% of Kadena’s IP and will not pursue litigation. They now plan to build “the most advanced, secure Kadena fork ever” and promise to make all KDA holders whole. New chain, new start.

Up from where?

Magma just dropped gVaults, Monad’s new power-up staking system that gives users way more control, beefed-up security, and a fungible gMON token they can actually use across DeFi. Big upgrade for anyone farming on Monad!

Top Gainers: TNSR, BEAT, DYM, ALLO, PIEVERSE

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

1. Four Pillars says Digital Asset Treasuries are turning tokens into real on-chain balance sheets with capital flowing toward ecosystems like Hyperliquid, where early treasuries already hold around 7% of all HYPE.

2. Radarblock’s Luki points out that CT Leads and KOLs are now core hires, as influence has become the most powerful form of distribution in Web3.

3. Stacy Murr breaks down how a TGE is a pressure test, not a celebration. Teams that win are the ones with real communities, real utility, and transparent tokenomics, not hype and hidden unlocks.

4. Eli5DeFi explains how full-time creators can survive by treating their income like a business. The ones who last aren’t chasing hype but manage with discipline to keep creating in any market.

5. WallStreetMoon argues that crypto is a game where real winners aren’t the loudest on Twitter, but the ones who quietly bought Bitcoin and Ethereum long ago.

Coinbase just dropped a huge feature: borrow USDC against your ETH without selling. Powered by Morpho, running on Base, and live now across most U.S. regions. Classic: don’t sell your bags, borrow against them.

Prediction market giant Kalshi reportedly raised $1B at an $11B valuation from Sequoia and CapitalG, while Polymarket is preparing its own fundraise at a $12B valuation. Prediction markets aren’t “the next big thing” anymore; they’re already here.

That’s all for today!