RaaS #547: Klarna Drops Its First Stablecoin!

Texas Buys the Bitcoin Dip, WLFI Sparks Fresh Buybacks, and Moar!

Klarna is going full degen fintech! They’re introducing KlarnaUSD, a fully dollar-backed stablecoin launching on Stripe & Paradigm’s Tempo blockchain. Its 114M users will soon have access to faster global payments, marking the start of TradFi stablecoin season.

MegaETH’s big pre-deposit event turned into a full sitcom: site crash, cap filled in 3 minutes, accidental multisig signing, early transaction execution, emergency recaps, and now… no 1B cap at all. Peak crypto.

Bubblemaps claims Edel Finance grabbed 30% of EDEL tokens via 60 linked wallets funded hours before launch, but the team says those tokens were always meant to be vested. CT can’t decide if it’s malpractice or just messy tokenomics.

Justin Sun is joining “The Road to Binance Blockchain Week 2025” to break down the momentum shaping 2026. If you want the inside scoop on where the world’s biggest exchange thinks the next cycle is headed, this is the stream to tune into.

Huge moment: Polymarket US is now CFTC-approved for intermediated trading, meaning you’ll soon be able to trade Polymarket predictions through your brokerage. Prediction markets are entering Wall Street mode.

Also crypto folks: claims 47 quests before breakfast.

Lighter now offers 10x leveraged perps for COIN and HOOD. TradFi stocks, but make it degen.

Kraken launches its new debit card across the UK/EU, with real-time multi-asset spending, over 400 supported currencies, and even salary deposits via IBAN. Crypto banking keeps leveling up.

Your daily dose of bite-sized crypto news.

1. Uniswap dropped a fresh bug bounty as its new Unification contracts hit the Ethereum mainnet ahead of the on-chain vote.

2. Coinbase added Aster to its Perp market, signaling growing institutional interest in the asset.

3. Doma Protocol officially launched the mainnet, marking a major step for its modular data availability and settlement vision.

4. Irys mainnet is now live, and Coinbase has listed it for spot trading.

5. VanEck filed for a spot BNB ETF, with VBNB set to list on Nasdaq and hold BNB directly if approved.

Fuse’s ENERGY token just got the green light from the SEC! Backed by Multicoin, Accel, and Lowercarbon Cap, Fuse Energy is building The Energy Network, designed to help scale power grids. Regulator says Fuse’s token doesn’t count as an investment contract because its value is tied directly to its utility, not investor profit.

The fifth-largest bank in America, U.S. Bancorp, is now testing stablecoin issuance directly on Stellar, aiming to leverage Stellar's infrastructure to offer faster, cheaper, and 24/7 payments while addressing regulatory and operational concerns specific to banking clients.

Santa Claus is not coming to town this year. Satan is.

Magma just checked off another milestone! All core contracts have officially passed audits from Cantina, Zellic, Halborn, and Zenith. With audit reports now live on their GitBook, Magma is making it clear they want gMON and the entire staking stack to launch with maximum transparency and zero surprises.

Top gainers: ETH6900, WOJAK, XION, TOMI, CTM

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

1. a16z breaks down why public chains are pseudonymous and not fully transparent hellscapes. They argue that strong privacy tech is essential for mainstream adoption and that transparency and privacy can coexist.

2. Emily recaps a year of hyper-short trend cycles and shares her thoughts about where GTM is heading in 2026, urging founders and growth teams to rethink strategy before the market outruns them again.

3. HeyYoGB calls out creators who are posting everywhere at once. They argue that domination comes from mastering one platform first, then expanding once you actually have leverage.

4. The Trade Guru gave a warning shot about AI-generated drafts, noting that they might contain fake facts, hallucinated citations, and unintentional plagiarism. If you rely on GPT blindly, you might publish something polished but totally wrong.

5. Movimentum’s Antonio Sco stated that tension is rising in crypto companies as teams cling to the “markets will get better soon” narrative. The piece argues employees need to face reality, not hide behind copium until liquidity magically returns.

WLFI is back on its buyback grind, spending $7.79M USD1 via TWAP over 5 hours. The buyback proposal passed weeks ago, but this is the first on-chain action in 46 days.

Texas just became the first U.S. state to buy Bitcoin, allocating $10M at an $87K basis through BlackRock’s IBIT ETF. The Lone Star State is officially stacking sats.

That’s all for today!