RaaS #557: Coinbase Enables Bitcoin Trading for a US Bank!

Tempo Testnet Goes Live, Gensyn Opens AI Auction, and Moar!

Coinbase’s Crypto-as-a-Service platform will now power direct Bitcoin trading for PNC Private Bank clients, making PNC the first major U.S. bank to offer this. Institutional crypto adoption isn’t coming, it’s here!

The TRUMP coin team is launching the first-ever Trump mobile game for die-hard supporters, complete with a $1M TRUMP airdrop for early waitlist users. The OpenLoot-powered game will use TRUMP for all in-game activity.

SEC Chair Paul Atkins dropped a regulatory bomb: ICOs tied to network tokens, collectibles, or digital tools shouldn’t fall under SEC oversight. Under his taxonomy, most non-security tokens shift toward the CFTC, potentially reviving ICOs in the U.S. for the first time since the 2017 cycle.

The Tempo blockchain, a “payments-first” chain designed for instant settlement and stablecoin-native transactions, is now open for public testing, with partners such as Stripe, Paradigm, Anthropic, Coupang, Deutsche Bank, and OpenAI to validate workloads.

Yapping is officially a crime.

Fogo is opening its presale on Dec 17, offering 2% of the genesis supply, with USDC pre-funding available now and settlement to occur at mainnet launch.

Gensyn also confirmed its AI token public sale opens on December 15, running as an English auction authenticated through Sonar. Bidding starts at a $1M FDV and can scale up to $1B FDV, with payments in USDC or USDT. Tokens will be distributed directly on the Gensyn Network (L2).

Your daily dose of bite-sized crypto news.

1. Horizen has officially deployed on Base, bringing privacy-focused infrastructure to Coinbase’s L2.

2. DayFi opens pre-deposits tomorrow with a $50M cap, 2-month lock-up, and yield deployed via Plasma under K3 Capital.

3. Illusion of Life’s CEO says Spark will enter 10,000 households by next Christmas; SPARK token pumped 400% to a $7.4M ATH.

4. Swapper launches Direct Deposits using Mastercard and Chainlink to enable instant fiat-to-DeFi transfers for 3.5B cardholders.

5. OCC Interpretive Letter 1188 confirms that a national bank may engage in riskless principal crypto asset transactions as part of its banking business.

Circle and Aleo launched USDCx, a private, programmable stablecoin enabling global payroll, remittances, e-commerce, P2P payments, and DeFi, all with confidential transactions and no third-party bridges.

Bitwise’s BITW, now trading on the NYSE, offers spot exposure to the top 10 crypto assets weighted by market cap. With $1.25B AUM, this is crypto’s closest equivalent to the S&P 500 index fund.

Bold did our man dirty.

Top gainers: WET, PIPPIN, AIOT, G, RIVER

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

1. Stacy Muur says ICOs are officially back, with 2025 launchpads delivering strong participation and post-TGE returns. Her 2026 outlook shows a more structured, mature token sale market, not a 2017 rerun.

2. Ethos is emerging as crypto’s on-chain trust layer, with over 32K users, millions of review votes, and major protocols using its scores for sybil filtering and airdrops.

3. Ethereum’s dev process is starting to look like F1: high-speed iteration under zero-failure constraints. Two major upgrades in seven months show Ethereum has built systems to ship faster without breaking billions in on-chain value.

4. Prince says the bar for new builders is now much higher. Crypto is still permissionless, but early-stage builders need the support systems that existed in 2020–2021.

5. Antoni explains why most BD intro requests flop: people ask poorly. Warm intros still work extremely well, but only if you follow the basic rules that separate real operators from desperate DMs.

Arbitrum One leads with 193K daily active wallets, over 900 live apps, and $11B in gas savings. Robinhood tokenized 1,000+ U.S. stocks and ETFs on Arbitrum, hitting $10M in value, and plans to launch its own “Robinhood Chain.”

Someone hacked Binance exec Yi He’s WeChat account and shilled Mubarakah token. Lookonchain reported that the attacker walked away with roughly $55K profit. CZ warned users not to trust any “announcements” from memecoins issued by hacked Web2 accounts.

That’s all for today!