RaaS #600: Robinhood Testnet Goes Live!

Stripe Drops x402 on Base, Aave went live on MegaETH, and Moar!

Robinhood announced its public testnet for Robinhood Chain as an Arbitrum-based Ethereum L2 built for tokenized stocks, RWAs, and 24/7 trading. Devs are already talking about their docs. The mainnet rollout later this year could quietly become a serious win for TradFi onchain.

Tether just dropped a strategic investment into LayerZero Labs. With Citadel Securities, DTCC, ICE, and Google Cloud already in the mix on their new Zero L1, this smells like a serious institutional tokenisation push.

All I have is time.

BitMine (Tom Lee-backed) just staked another 140,400 ETH (~$282M), pushing total staked ETH to ~2.97M (~$6.01B). That's roughly 69% of its holdings locked up. Classic treasury play in a shaky market.

Kaito is teaming up with Polymarket to launch Attention Markets based on internet trends, sentiment, and cultural alpha. Starting with crypto, expanding to AI, finance, entertainment, and geopolitics.

Your daily dose of bite-sized crypto news.

1. Pavel Durov fires back at Russia for restricting access to Telegram to push citizens onto a state surveillance app.

2. Aave just deployed on MegaETH.

3. Stripe launched x402 payments on Base. Devs can now charge AI agents directly in USDC. 

4. Ethos Network Season 2 points program is live.

5. Deel & MoonPay are partnering to let 40,000 businesses pay employees in stablecoins.

USDC is heading to the EDGE chain, an L3 blockchain powering edgeX, a fast-growing Perp DEX. Circle Ventures has also invested in edgeX to support the broader ecosystem.

Chainlink was chosen by the Bank of England's Synchronisation to test synced settlement between central bank money and onchain securities.

ClaudeAI's Cowork is now available on Windows, with file access, multi-step tasks, plugins, and MCP connectors that match the full Mac experience.

How can someone be this correct?

Top Gainers: ISLM, FHE, POWER, HUNT, RIVER.

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

1. Bitcoin's dip to $60K flashed rare undervaluation signals across models such as realised price bands and power-law quantiles, hinting at 170-220% upside to $150K+. If history rhymes but analysts warn of deeper pullbacks to $38-52K before the real rally kicks in, according to Cointelegraph.

2. No-KYC crypto cards sound great for privacy and access, but they're just loopholes in corporate programs that attract fraudsters and inevitably freeze funds. When issuers crack down, one operator's raw stories of shutdowns, moral dilemmas, and why true privacy needs better rails like Colossus.

3. LayerZero multi-core blockchain Zero ditches single-threaded bottlenecks with ZK proofs, heterogeneous nodes, and breakthroughs like QMDB storage (3M updates/sec) and Jolt Pro proving (100x faster), aiming for 2M TPS per zone as a real decentralized AWS alternative.

4. Remittances average 6.5% fees on correspondent banking, but stablecoins slash it under 1% with instant settlement and FX premiums. A guide from Tempo for fintechs on piloting "stablecoin sandwiches" to hit new corridors without trapped capital or gatekeepers.

5. Mega's edge isn't one killer app, says Brother Bing. It's churning out Hyperliquid-scale dapps via high-performance infra and a builder pipeline, but the real glue is ecosystem-native stablecoins that disintermediate legacy issuers and funnel revenue back to users and GDP growth.

Pudgy Penguins is teasing a Visa and KAST credit card, going full fintech.

Monad is launching a 3-month accelerator program, Nitro, with $500k per team, day one, top VC funding, and mentorship. Compress a year into three months if you're building.

That’s all for today!