RaaS #563: Coinbase Turns Into a Super App!

Polygon PoS Experienced RPC Issue, ETHGas raised $12M, and Moar!

Coinbase really said, “Why not everything?” The exchange rolled out a major system update, expanding beyond crypto into commission-free stock trading, prediction markets via Kalshi, DEX trading for Solana tokens, an AI advisor, and more. Brian Armstrong calls it a new era for Coinbase.

The stablecoin giant Tether launched PearPass, a server-free, open-source password manager that stores credentials directly on user devices. No cloud, no central servers, just encrypted peer-to-peer syncing. It’s free, cross-platform, and already passed an independent security audit.

On the regulatory front, Jito is coming home. The Jito Foundation announced its return to core operations in the U.S., citing clearer regulatory signals, such as the GENIUS Act, and progress on crypto market structure legislation.

Not everything went perfectly today. Polygon PoS experienced an RPC issue, affecting a subset of nodes. The chain stayed online, blocks kept producing, and transactions continued processing. A patch was rolled out quickly, with validators syncing back to the quorum.

Ouch.

World Liberty Financial proposed using a portion of unlocked WLFI treasury to accelerate USD1 stablecoin adoption, citing recent buybacks, Binance listings, and growing CeFi and DeFi usage. Incentives are back on the menu.

DTCC is taking U.S. Treasuries on-chain! The market infra giant is partnering with Digital Asset Holdings and the Canton Network to tokenize Treasuries held at its DTC unit, backed by an SEC no-action letter. A controlled MVP is planned for mid-2026, with expansion based on client demand.

Your daily dose of bite-sized crypto news.

1. Base launched Baseposting Badges, rewarding top community posters with on-profile recognition.

2. Binance clarified its listing process, banning third-party agents and naming blacklisted intermediaries.

3. VanEck skipped crypto predictions for 2026, offering only a blunt “Good luck.”

4. Rabby now lets users list NFTs directly from the wallet, no extra approvals needed.

5. The Fed withdrew its 2023 guidance restricting uninsured banks’ crypto activities, signaling a softer stance.

ETHGas raised $12M led by Polychain to build Ethereum’s blockspace futures market, alongside $800M in commitments from Ethereum builders. Derivatives on blockspace are starting to look inevitable.

In a big market milestone, HashKey officially listed on the Hong Kong Stock Exchange. The IPO was massively oversubscribed, cementing HashKey’s position as a dominant regulated crypto player in Asia and reinforcing Hong Kong’s ambitions as a digital asset hub.

The market is saving ammo for after Christmas, maybe.

Top Gainers: FTN, RIVER, DREAM, CYS, BEAT.

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

1. Atoms Research fact-checks a16z’s 2025 predictions and finds they nailed stablecoins in payments, early RWA pilots, and UX abstraction, while being early (or wrong) on agents at scale, proof-of-personhood, and governance breaking out of crypto-native bubbles.

2. Oved breaks down a practical 2025 roadmap for market makers entering DEXs, updating outdated 2018 assumptions and outlining how serious trading firms should think about liquidity, infra, and expansion into crypto today.

3. Vitalik shares his views on pop-ups, network states, coordination zones, and where all of these things could lead us.

4. Jayden reframes prediction markets by arguing Polymarket isn’t about gambling on the future, but pricing the present, where market makers win by understanding mechanics, not narratives.

5. MatchaYuma explains why creators burn out when output follows engagement, and why long-term growth comes from disciplined systems and repeatable processes rather than vibes.

Commodity Futures Trading Commission (CFTC) Acting Chairman Caroline Pham confirmed she’ll be joining MoonPay once her successor is sworn in. Another example of regulators crossing the aisle, this time straight into crypto.

Arc announced the Arc Builders Fund, backed by Circle Ventures, to support early-stage teams building real-world financial apps on Arc. The fund offers capital, access to an investor network, and hands-on support.

That’s all for today!