RaaS #574: Vitalik Reboots Ethereum’s Mission!

Wallet Drainers Spread Across EVM, Trust Wallet Extension Down And Moar!

Michael Saylor highlighted MSTR’s massive options activity, showing it now has the highest options interest relative to its market cap among major tech stocks. With 672,497 BTC on its balance sheet, MSTR continues to trade as a leveraged Bitcoin proxy, drawing heavy speculation alongside growing debate over dilution and debt risk.

Vitalik Buterin reflected on Ethereum’s 2025 upgrades, including higher gas limits, better blobs, zkEVM progress, and warned against chasing short-term metas. Ethereum should build censorship-resistant apps that survive fraud, governments, Cloudflare outages, and corporate shutdowns. The “world computer” thesis is back, not token pumps.

ZachXBT flagged an active exploit draining small amounts (usually under $2K) from hundreds of wallets across multiple EVM chains. Losses have crossed $107K and are still rising, with the attack vector unknown. Low per-wallet damage, high surface area. Stay paranoid.

Trust Wallet confirmed its browser extension was removed from the Chrome Web Store due to a Google-side issue while shipping an update related to hack reimbursements. The team warned users to avoid fake extensions and said Google is escalating internally.

Maybe because you haven’t subscribed to Raas.

Shade Network, an Ethereum L2 that pitches encrypted mempools and private execution, has come under fire after links surfaced to OmneraUSD, a project that raised $1.8M. Overlapping promoters, anonymous teams, phishing flags, and no open-source code have triggered loud warnings. Privacy narratives attract capital and scammers.

Fogo officially announced its upcoming airdrop, scheduled for January 13. Details remain limited, but expectations are building fast going into the new year.

Your daily dose of bite-sized crypto news.

1. Andrew Kang says 2026 is when physical AI arrives, with 100x the data scale.

2. Grok removed “SOL” when asked to delete scam coins. Comedy writes itself.

3. Rep. Warren Davidson warns the GENIUS Act could turn stablecoins into surveillance tools.

4. deBridge says SOL was the most traded token of 2025.

5. ORE partnered with PrivacyCash to launch shielded transfers on Solana.

Jupiter unveiled Mobile V3, positioning it as a fully native pro trading app. Discovery, token analysis, and execution are now optimized for mobile, with no browser hopping or inflated in-app swap fees. Solana UX keeps eating market share.

Amid the whole Lighter’s drama, Hyperliquid founder Jeff reiterated the protocol’s core stance: no private investors, no paid market makers, no protocol fees to insiders. Distribution went to users only, with everything verifiable on-chain. Well played, Jeff.

Bro, we need to wake them up.

Top Gainers: COL, HOLO, RIVER, PEPE, ORE.

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

1. IcoBeast reflects on 2025 with seven hard-earned lessons, focusing on continuous improvement, self-inventory, and learning through volatility rather than chasing narratives.

2. Jeff breaks down how real crypto businesses actually make money post-stimulus, arguing that speculation-heavy models died with the last cycle while B2B infra, fintech integrations, and enterprise adoption quietly found product market fit.

3. NoirOnSol experiments with being a reply guy for seven days and discovers it works, driving unexpected engagement and growth by consistently adding value instead of shouting into the void.

4. BawsaXBT argues the rise of the “Everything Creator,” where AI collapses traditional role boundaries, enabling solo builders to design, code, market, and ship products that once required full agencies.

5. Ben Tossell explains how he codes with AI agents without being traditionally technical, learning by reading agent outputs and treating terminals as classrooms.

According to the Financial Times, Iran’s state-run arms exporter has proposed accepting cryptocurrency for advanced weapons sales, including missiles and drones. If verified, it’s another reminder that crypto neutrality cuts both ways.

a16z Crypto outlined its 2026 thesis: smarter stablecoin rails, crypto-native RWA tokenization, privacy as a moat, AI-powered research, prediction markets at scale, and blockchains finally unlocking value once legal frameworks catch up. Less hype, more infrastructure.

That’s all for today!