RaaS #618: UK Launches £500M Sovereign AI Fund!

RWA on Ethereum Reaches $15B Market Cap, OFFGRID Gets Call Out For Vague Privacy Promises, and Moar!

The UK government unveiled Sovereign AI, a new £500 million venture fund designed to support AI founders from day one. The initiative aims to keep talent building domestically while scaling globally, a major signal that nation-states are getting serious about AI infrastructure investment.

World Liberty Financial dropped a governance proposal asking the community to vote on enabling staking for WLFI token holders. This could be one of the most significant moves yet for the Trump-linked DeFi project, pushing holders toward active participation rather than passive holding.

Pumpswap is catching heat after analysis showed a $500 portfolio could hit zero in 64 trades just from fees alone. The co-founder claims fees are "exactly the same" as 2024, but critics point out that LP rebates dropped from 88% to 1.6%, a brutal change buried in the docs.

Your daily dose of bite-sized crypto news.

1. Oil prices surge amid Hormuz tensions, and historically, oil strength often coincides with BTC end-of-cycle phases.

2. Vitalik shared thoughts on rethinking democratic tools in a "chaotic era", from DAOs to ZK voting to consensus-finding mechanisms.

3. Circle and Stripe are racing to build payment rails for AI agents settling in stablecoins.

4. Backpack welcomed former CFTC Commissioner Mark Wetjen as President of Backpack U.S. to lead regulatory expansion.

5. Tempo announced a hackathon with limited spots, applications now open.

OFFGRID is getting called out hard for allegedly running a bait-and-switch scheme with their "No KYC" card. The project reportedly collected over 50K email signups, raised angel funding, and hosted yacht parties, all before pivoting to a KYC model with vague "privacy" promises.

RWA market cap on Ethereum surpassed $15B, up roughly 200% year-over-year, according to Token Terminal. The data includes tokenized funds, stocks, and commodities, a trend worth watching as tradfi rails continue merging with onchain infrastructure.

KAST closed a historic $80M Series A to bring stablecoin-powered financial services to everyone, co-led by QED Investors and Left Lane Capital. The raise signals a growing institutional appetite for stablecoin infrastructure aimed at mass adoption.

Maybe he'll at least add DOGE in there.

Top Gainers: DENT, BTW, RESOLV, NAORIS, QUBIC.

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

1. Cova argues that trading card games are a quietly compounding $15–18B capital market, with sealed product, secondary trading, and digital TCG ecosystems forming a financial stack that looks increasingly similar to Web3 asset markets.

2. Jorgia explains why most founders fail at organic marketing, arguing the real problem isn’t distribution but a misunderstanding of how social media mechanics work and how consistent narrative-driven content compounds attention.

3. Mau Baron shares how his team generated 7M YouTube views and 61K subscribers using fully automated content pipelines, showing how AI-driven distribution can scale content output with minimal manual work.

4. Goshawk Trades breaks down five poker concepts that translate directly into better trading, highlighting how probability thinking, risk management, and emotional discipline separate professionals from retail traders.

5. Four Pillars FP introduces the EV/Holder Revenue framework for valuing tokens, arguing that token markets should measure value based on revenue flowing to holders rather than traditional protocol revenue metrics.

Opinion Trade unveiled their 2026 roadmap featuring up to 60% maker rebates, sports and esports markets, builder keys, and dispute rewards. Rollout begins this week as the prediction market platform positions itself for aggressive growth.

Lighter executed another buyback, scooping up 42K LIT tokens. Continued buybacks signal confidence from the team and show that the treasury is actively supporting the ecosystem rather than sitting idle.

Posts on X claimed Anthropic released a prediction markets bot specification promising $300 to $1,500 daily earnings, including a 33-page cheat sheet for Claude skills and a trading bot with 68.4% win rate. Multiple users quickly debunked the claim, stating Anthropic posted nothing and labeling it disinformation or a hoax.

That’s all for today!