RaaS #555: ZKsync Lite to Sunset in 2026!

Jupiter Under Scrutiny, Binance Secures Full ADGM Licensing, and Moar!

ZKsync officially confirmed the planned deprecation of ZKsync Lite in 2026, marking the end of a five-year chapter for its original rollup. The team says assets remain fully safe, withdrawals to Ethereum L1 are unaffected, and future efforts will focus on the ZK Stack and Prividiums.

Farcaster finally said the quiet part out loud: there's no product-market fit for decentralized social after 4.5 years and a handful of adoption spikes. Competing with X’s network effects proved too much, so the team is pivoting to wallet-first, social-second going forward.

Flying Tulip dropped whitelist results for its $200M token sale, listing all eligible wallets and opening the next round of whitelisting. Supporters can now select networks, preferred assets, and allocation ranges for the sale phase.

Uniswap’s first-ever Continuous Clearing Auction (CCA) raised $59M for AZTEC Tokens, and “it was beautiful”, quoted Hayden. Half of the capital came from the project’s community, seeding a $13M Uniswap v4 pool automatically. A pool for AZTEC has been created and is restricted from trading until token holders vote for TGE.

How the turn has tabled.

Hyperliquid just linked native USDC between HyperCore and HyperEVM using Circle’s Cross-Chain Transfer Protocol. This enables one-click deposits from chains like Arbitrum without wraps or manual bridging. With over $4B USDC already on-platform, they’re prepping to fully sunset the Arbitrum bridge next!

Big win for Binance: they just became the first exchange to secure a full suite of FSRA licenses under AD Global Market, unlocking globally compliant operations from the UAE. One step closer to a billion users.

Your daily dose of bite-sized crypto news.

1. CZ turned Yi He’s “DOYR” typo into a meme after a DOYR token pumped to $25M mcap on BSC.

2. Incentiv’s Testnet is ending, and the mainnet will launch with millions of dollars worth of CENT rewards, said the team.

3. Vitalik says Ethereum needs a trustless on-chain gas futures market, basically a prediction market for base fees.

4. Youmio launches its Season 1 wallet checker for the community.

5. South Korea plans to force exchanges to assume bank-like liability for hacks, even when not at fault.

Solana drama time: Jupiter is under scrutiny after Fluid’s co-founder acknowledged its Lend vaults’ use of rehypothecation, contradicting earlier claims of “no cross-contagion.” Old deleted tweets resurfaced, confusion spread, and the community wants clarity. Jupiter hasn’t responded yet.

Coinbase is onboarding users in India again for the first time in two years, with plans to support a fiat on-ramp in 2026. One of the world’s largest markets might finally get a compliant path back into Web3.

Wouldn’t want to fight him for that.

Top gainers: LUCIC, GLMR, LAVA, TAKE, BULLISH

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

1. Jill reflects on why she left Wall Street for crypto: to fix inflation, gatekeeping, and outdated financial plumbing. Despite the chaos, she argues the revolution is happening, just not in the clean, idealistic way anyone imagined.

2. Arc5ive explains why calling prediction markets “gambling” misses the point. They’re information engines that aggregate collective intelligence, not house-run games of chance, even if some users gamble on them.

3. Crypto isn’t dying, it’s cleansing. The projects that survive, earn real revenue, and deliver actual utility will be the winners in 2026.

4. A clean breakdown of how market structure really works with funding, OI, liquidations, spot vs perps, order books, and how to use them to avoid degen traps.

5. Nathan says the “1,000 stablecoin neobank” boom is here, but reliability, not perks, will decide who wins. Infra today is good enough to launch fast, but not to compete with banks; what we need now is a rock-solid, always-on stablecoin bank.

Galaxy Digital is now the Development Company for Liquid Collective after acquiring Alluvial Finance. They’ll push enterprise-grade liquid staking into deeper validator networks, new assets, and more institutional rails.

Do Kwon is facing a proposed 12-year prison sentence for his role in the 2022 TerraUSD collapse, which prosecutors labeled a “massive fraud” that contributed to the wider market meltdown, including FTX. Sentencing begins December 11.

That’s all for today!