RaaS #559: Do Kwon Sentenced to 15 Years!

YouTube Adds PYUSD Stablecoin Payouts, Revolut Integrates Trust Wallet, and Moar!

Solana Breakpoint Day 1 just wrapped with lots of bullish news! First up, Bhutan launches TER, a sovereign gold token… on Solana. Yes, you read that right. A country just tokenized gold on Solana. TER is backed by real gold, issued via Gelephu Mindfulness City, custodied by DK Bank, and built for global portability.

JPMorgan just issued U.S. commercial paper on Solana. The same JPMorgan that once side-eyed crypto is now settling real debt securities on Solana for Galaxy Digital, with Coinbase powering custody through its Crypto-as-a-Service platform.

The Solana Foundation and Blockworks launched Lightspeed, crypto’s first investor relations platform. Think public company investor relations, but for blockchains. Finally, protocols get a place to publish financials, updates, and metrics like real companies.

On The Radar today features zord4n from Jumper Exchange to dive into multichain strategy, growth tactics, and what Jumper is cooking next. Plus, a full breakdown of the week’s hottest crypto news. Live today at 2:30 PM UTC with your favorite Luki.

Chainlink CCIP is absolutely on fire right now. Galaxy and State Street just tapped it to power a tokenized fund with a $4T AUM asset manager. Coinbase moved its entire cbAsset lineup onto CCIP, and Pendle with Kamino plugged in for pt-sUSDe. The CCIP takeover arc is very real.

Intern is on to something here.

LUNA finally gets its ending. Kwon admitted to lying about Chai integrations, siphoning hundreds of millions, and now faces a decade-plus behind bars. Sometimes the story does have consequences.

Revolut partners with Trust Wallet for direct crypto purchases across Europe. 65M users can now buy BTC, ETH, SOL inside Trust Wallet through Revolut Pay with no platform fees and instant self-custody.

Your daily dose of bite-sized crypto news.

1. Coinbase’s prediction markets and tokenized stocks are to be revealed on December 17, according to Bloomberg.

2. Satoshi Nakamoto’s statue now stands at the NYSE, marking crypto's evolution from Wall Street taboo to institutional acceptance.

3. Ethereum Foundation says BPO-1 is activated, raising blob capacity to 15 per block and increasing L2 space without a hard fork.

4. Hex Trust is launching wXRP via LayerZero OFT, starting on Solana.

5. x402 V2 is live with identity, routing upgrades, multi-chain/fiat support, and a faster SDK.

Grayscale’s Bittensor Trust (GTAO) is officially trading on OTCQX. The first-ever public U.S. investment product for TAO, just days before its halving. AI and crypto hitting brokerage accounts is a whole new ball game.

LI.FI raised a $29M Series A extension led by Multicoin and CoinFund. $52M total raised to build “the universal market for digital assets.” The goal? Make any on-chain action possible.

Jail time for whales.

Top gainers: ICNT, TROLL, KTA, JELLYJELLY, USUAL

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

1. Easy argues that markets aren’t dead; they just moved. Betting on “degeneracy” is his playbook as youth are online more than ever, retail risk appetite is rising, and the real wins are the infra plays that let that behavior scale.

2. 2025 flipped the script as institutions became marginal buyers, prediction markets matured, AI and crypto moved from hype to infra, and more. Stacy Muur’s map for 2026 is “institutional plumbing over speculative chaos.”

3. Berzan tells his origin story of how he matured in crypto. He learned to code, built, got burned by memecoin spam, then chose to focus on real, useful protocol work instead of chasing quick wins.

4.  a16z’s list of 17 big ideas for 2026 expects agents/AI, stablecoins, tokenization, privacy, prediction markets, and developer tooling to dominate the roadmap.

5. Cards make crypto easy, but they re-centralize everything. The spicy take: most cards won’t survive long-term; models that loan against crypto (EtherFi style) are the only ones that look truly crypto-native.

YouTube now lets U.S. creators receive payouts in PYUSD. A billion-user platform just added a stablecoin payout rail. Crypto integration is officially shifting from “speculation tool” to “payment rail.”

The Depository Trust and Clearing Corporation (DTCC) received a no-action letter from the SEC to tokenize custodied assets. This is Wall Street’s core settlement layer going on-chain. The bridge from TradFi to DeFi is no longer hypothetical; it’s happening in the plumbing.

That’s all for today!