RaaS #592: Binance Converts $1B SAFU Fund to Bitcoin!

OpenAI Weighs $100B Fundraise Ahead of IPO, Vitalik to Fund Open-Source Infrastructure, And Moar!

ERC-8004 is now live on the Ethereum mainnet. Dubbed the trustless agents standard, it enables portable identity and reputation for AI agents. With 10K+ testnet agents already registered, February kicks off “Genesis Month” to spotlight early builders shaping the agentic economy.

Binance is converting its $1B SAFU fund to BTC, citing Bitcoin as crypto’s foundational store of value. The move follows a 2025 report detailing $6.7B in scam losses prevented, $48M in deposits recovered, and $162.8B in Proof of Reserves, framed as a renewed commitment to transparency and resilience.

Garry Tan slams California’s proposed asset seizure tax, calling its “safeguards” a bureaucratic trap. Critics warn it could gut tech innovation, forcing founders to prepay taxes on illiquid equity and navigate valuation disputes through costly appeals.

$210M in ETH, dormant since the TheDAO hack, has been reactivated to fund Ethereum security. Now dubbed the DAO Security Fund, it will stake across distributed nodes and issue grants for audits, wallet tooling, and exploit response, fulfilling a 10-year promise to harden DeFi’s core.

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After 3 years of building Monad and 9 years in crypto, “intern” is stepping down as Director of Growth. He’ll remain an advisor as Monad enters its next phase, backed by top-tier infra, 100+ ecosystem teams, and a long-term foundation-first mindset.

OpenClaw, the open-source agent platform formerly known as Clawd and Moltbot, is now live with a new name, image-sending, Twitch/Google Chat support, and 34 security patches. It runs locally. Your infra, your rules, your lobster.

Vitalik withdrew 16,384 ETH to fund open-source, verifiable full-stack infrastructure, spanning blockchains, hardware, messaging, biotech, and more. It’s part of the Ethereum Foundation’s shift to “mild austerity” while doubling down on decentralization, privacy, and long-term mission integrity.

Your daily dose of bite-sized crypto news.

1. El Salvador buys $50,000,000 worth of gold.

2. Robinhood is investing in crypto trading platform Talos at a $1.5B valuation.

3. Brazilian crypto-friendly digital bank, Nubank, secures conditional approval from the OCC to establish a U.S. national bank.

4. Kevin Warsh's odds jump to 93% on Polymarket as Trump's Fed chair pick looms.

5. HYPE is now live on Solana via Sunrise DeFi, bringing Hyperliquid-native assets into the Solana DeFi ecosystem.

Infinex has finalized the Patron snapshot at Ethereum block #24346048. Any Patron NFTs acquired after that point won’t be eligible for INX. TGE goes live today at 19:00 UTC.

Ink Chain goes live on OpenSea with a whimsical NFT mint. Kraken’s L2 expands into NFTs, surfacing projects like BOINK and Rekt Ink as community favorites.

Bitcoin breaks below $83K, triggering $671M in liquidations and reigniting the 4-year cycle debate. Q4 top, post-halving correction? Some say yes. Others argue that ETF inflows and macro stability could rewrite the script, eyes now on the $60K floor.

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Top Gainers: BULLA, AIX, SENT, CLANKER, WOULD.

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1. BTC and ETH are lagging despite broader risk-on sentiment. Post-October deleveraging drained retail capital, leaving crypto fragile and thinly traded. Without deep institutional flows or smooth rotation like in equities, volatility hits harder, even when the macro setup looks bullish.

2. Andre Cronje’s Flying Tulip raised an additional $75.5M at a $1B FDV, $25.5M from Amber, Fasanara, & Paper Ventures, and another $50M via Impossible Finance. With the CoinList sale next, over $1.36B in soft commitments are circling. All rounds feature a 1:1 redemption “perpetual put” and onchain deployment strategy.

3. Tomasz K. Stańczak says OpenClaw-like agent systems will replace social media by creating personalized worldviews, not shared feeds. He calls it inevitable and urges devs to build these systems on Ethereum to make it happen faster.

4. A Binance user accused the exchange of manipulating liquidation timestamps during the October 10 crash to avoid paying compensation. He claims platform logs were retroactively altered, support gave conflicting responses, and API errors prove lag began earlier than Binance stated.

5. Binance plans full GoFi repayments in 2026, unlocking a push into South Korea. $200M in crypto is ready, matching lost assets 1:1. Next: upgrade Gopax, launch KRW stablecoins, and tap into RWA/institutional growth, aiming to challenge Upbit’s dominance.

The DOJ has finalized the $400M forfeiture tied to Helix, a darknet Bitcoin mixer that laundered over 354,000 BTC from 2014–2017. The case revives scrutiny of crypto privacy tools like Tornado Cash, with figures like Vitalik arguing devs shouldn’t be criminalized for code.

We’re live this Friday, 30 Jan at 2:30 PM UTC. On The Radar returns with Blingoh, Luki, and Ziya diving into 2026 marketing trends, what’s brewing inside Radarblock, and this week’s biggest news. Don’t miss it.

OpenAI is eyeing a $100B raise ahead of a late-2026 IPO, with Amazon, Microsoft, and Nvidia in talks to contribute over $60B. The move doubles down on compute alliances as OpenAI burns through billions in capex, raising questions about independence, scale, and runway into 2027.

That’s all for today!