RaaS #560: Phantom Integrates Kalshi!

Pudgy Penguins Take Over Vegas, Tether Tries to Buy Juventus, and Moar!

Prediction markets are now native to Phantom. Users can trade real-world outcomes directly inside the wallet thanks to a Kalshi integration. Buy outcome tokens, wait for results, and you’re settled in stables automatically. The prediction meta is eating everything.

Nansen’s CEO, Alex Svanevik, warned that Ethereum is getting complacent while Solana sprints ahead in users, speed, and UX. Kyle Samani, Managing Partner at Multicoin, even recalled ditching ETH in 2017 because gas fees made it unusable. The message is clear: adapt fast or get left behind.

Fogo, the SVM Layer 1, scrapped its planned December 17 presale and will route everything to the airdrop instead. Rest assured that a snapshot has been taken, and Flames points will be attributed to all participants. The team says it’s prioritizing fair distribution ahead of its January mainnet launch.

After Ribbon’s old DOV contracts were exploited for around $2.7M, Aevo is proposing a 19% haircut instead by eating around $400K of DAO funds and counting on dormant whales staying… dormant. Vaults are shut down, withdrawals are open for six months, and whatever’s left gets redistributed after June 12.

Even Rushi is grinding. What’s your excuse?

YO Labs secured $10M from Foundation Capital, Coinbase Ventures, Scribble, and Launchpad to scale its unified, risk-optimized yield engine for fintech and crypto apps. Yield infra season is heating up.

Tether offered to acquire Exor’s 65.4% stake in Juventus at a 21% premium. The Agnelli family rejected it instantly, calling the bid unsolicited and deeming the club “not for sale.”

Your daily dose of bite-sized crypto news.

1. Aave Labs routed CoWSwap fees to itself instead of the DAO, igniting a governance firestorm over revenue rights and alignment.

2. The Pyth DAO will use 33% of its treasury for recurring PYTH buybacks as Pyth Pro crosses $1M ARR.

3. MicroStrategy now holds 660,624 BTC (~$58B) after yet another weekly accumulation.

4. Kamino is evolving from a Solana lending protocol into an institutional finance infrastructure, and is announcing six new products.

5. deBridge introduced a new intent-based execution model called 'deBridge Bundles', allowing users to sign one intent, and the protocol handles all underlying gas, routing, and chain ops automatically.

Espresso Foundation sold $4M in ESP through Kaito’s new Capital Launchpad at a discount with transfer restrictions for long-term believers. The sale oversubscribed heavily. Buyers will receive a bonus airdrop at TGE.

Swift, the global financial messaging network, officially announced its blockchain-based ledger layer, aiming for real-time settlement across institutions. No, they didn’t say XRP. Yes, everyone asked anyway.

Is it funny because it’s funny or because it’s Nikita?

Top gainers: SENTIS, ICNT, BEAT, TIMI, WET

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

1. Godric breaks down how most traders ruin technical analysis by treating it like fortune-telling instead of what it actually is: a risk-management framework. Used properly, it doesn’t make you right; it prevents you from being reckless.

2. Thomas Uhm breaks down tokenization’s real problem: the transformation layer usually fails the thin–productive–robust test. He introduces a “tokenization trilemma”: the wrapper around an asset must be thin, productive, and robust.

3. AtnsXBT shares the story of how he tried rebranding by selling his Azuki OG NFT, concluding that NFTs, especially PFPs, are one of the only places in Web3 where identity, soul, and belonging genuinely exist.

4. David Kuhn argues that tokens are actually leasehold interests subordinated to equity. Token value leaking to equity isn’t mismanagement; it's structurally inevitable unless new legal protections are created.

5. Esprisi analyzes Hyperliquid’s “what’s really going on” moment. The question isn’t whether Hyperliquid is dead; it’s whether the market is misreading the signals.

Pudgy Penguins are wrapping the entire Vegas Sphere with holiday animations from December 24–30. Cost? About $500K. Reach? Millions. The Pudgy empire is growing fast.

Coinbase and Standard Chartered are expanding their global institutional collaboration across trading, custody, and infrastructure. CaaS continues to eat TradFi.

That’s all for today!