RaaS #545: Monad Is Live on Mainnet!

PORT3 Exploited for 1B Tokens, Rumble Wallet Goes Live, And Moar!

Monad is taking the stage today! After raising $269M through its oversubscribed Coinbase pre-sale, one of the year’s most anticipated mainnet launches is finally live. The Monad airdrop has now been distributed to eligible wallets. If you were on the list… now’s the time to check your wallet!

And right after launch, MON is now tradable on Solana. Thanks to Wormhole’s new Sunrise DeFi system, users can trade Mon across top Solana apps from day one. You can now swap MON on leading platforms like Solflare, Phantom, Backpack, Drift, Kamino, and more.

CT is losing it as rumors spread that JPMorgan holds a massive short on MSTR, big enough that an over 50% pump could “cause existential problems.” On top of that, Bitcoiners are calling for a JPMorgan boycott after reports that the bank might remove BTC-heavy companies from MSCI indices. Wild energy today.

Aerodrome confirmed that Velodrome's and Aerodrome’s centralized domains were hijacked and redirected to malicious sites. The good news? Attack mitigated, decentralized domains untouched, and users who interacted with the malicious pages will be compensated with grants. Solid recovery.

Yugi, our Chief Betting Officer, and Asif, our co-founder, broke down their prediction frameworks, risk management setups, and how they think through on-chain market signals. If you missed it live, catch the full recording here.

X rolled out an “About This Account” location tag, and half of CT is now coping. Political accounts, “NYC girl” profiles, “Kalshi girls,” and even some project accounts were exposed as being run out of India, Nigeria, or South Asia. CT is not taking this well.

My favorite OTP.

PORT3 was absolutely obliterated today as an attacker exploited a contract bug to mint 1 billion extra tokens and instantly dumped them. Exchanges froze deposits, the team pulled liquidity, and Binance Futures is delisting PORT3-USDT. Brutal.

Solana is proposing a new SIMD-0411 update to double its disinflation rate, reducing long-term supply growth without directly cutting staking rewards. Translation: inflation down, but staking APY likely trends lower over time.

Your daily dose of bite-sized crypto news.

1. The Department of Government Efficiency, a.k.a DOGE, was shut down 8 months early in an apparent cost-saving measure.

2. Aster reported a glitch that pushed XAUUSDT markets off real prices, and all affected users will be compensated.

3. Kaito launches the first verifiable mindshare markets on Polymarket.

4. DWF co-founder says he “just bought BTC”, sending CT into signal-hunting mode.

5. pumpdotfun has reportedly been cashing out at least 436.5M $USDC since Oct 15, according to Lookonchain.

Rumble just rolled out on-stream tipping in BTC, XAUT, and USDT for Android users, and the new Rumble Wallet is officially live. Another mainstream platform is quietly turning into a crypto app.

Grayscale’s new GDOG (Dogecoin) and GXRP (XRP) ETFs start trading on NYSE Arca on Monday. Yes, DOGE now has a U.S.-regulated ETF. 2025 continues to be unhinged.

Be honest.

Magma finally opened the gates! After two years of building, testing, and refining with the community, the team is rolling out staking for MON, allowing users to lock tokens, earn yield, accumulate points, and fuel Monad’s DeFi engine through gMON. Big moment for the Monad ecosystem, and a new era for MON holders.

Top Gainers: TNSR, BTSE, SN62, BANANAS31, DYM

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

1. Monad dropped a true Day 1 survival kit, mapping out the core apps, where early liquidity will flow, what farms go live first, and how to avoid getting wrecked by gas spikes on a chain built for speed.

2. Arndxt lays out a grim but sharp macro read: inflation is sticky, real wages are falling, and the “middle class” narrative is breaking faster than data can keep up.

3. Sterling argues that memecoins aren’t ruining crypto; they’ve simply exposed how little real value most of the industry has built over the last cycle.

4. Rosie dives into the hidden architecture of crypto influence, revealing how a tiny cluster of accounts and content loops shape sentiment, token momentum, and even media coverage.

5. Radarblock’s Asif Khan shares how prop desks actually hunt for edge: sizing into high-conviction setups, rotating between perps and prediction markets, and farming stablecoin yield during dead volatility.

Coinbase is buying Vectordotfun, a Solana-native trading platform, and plans to integrate it directly into the Coinbase experience. They are doubling down on Solana while keeping the Tensor Foundation independent, a big move.

That’s all for today!