RaaS #632: Megapot Raises $5M to Build Global Lottery!

BAGS just launched Stocks, MetaMask Supports HyperEVM, and Moar!

Megapot raised $5M led by Dragonfly to build a global lottery on-chain. The round signals growing VC appetite for crypto-native gaming primitives that tap into a $300B+ traditional lottery market.

Jupiter Global now lets users earn instant USDC cashback on every transaction. The new referral system starts at 4% and climbs to 10% as you onboard friends. Finally making spending in crypto feel rewarding rather than punishing.

BAGS just launched Stocks, letting anyone launch a company on-chain and register a business in seconds with verified ownership. Up to 30% of company stock is reserved for holders, creating real shareholder value, including IP rights. This could reshape how startups raise and distribute equity.

Your daily dose of bite-sized crypto news.

1. Bedrock Coins launches a permissionless token and a BVI incorporation framework on Meteora and Solana.

2. Aztec teases privacy launch event for March 31, saying it is the missing piece of crypto adoption.

3. Tangem launches self-custody Visa card powered by USDC on Polygon to spend anywhere, no offramp needed.

4. Citi gives Circle a $243 price target despite stablecoin yield limit concerns.

5. Crypto enters the U.S. mortgage market via Fannie Mae-eligible loans.

MetaMask now fully supports Hyperliquid's HyperEVM network, enabling swaps to, from, and across the chain directly in-wallet. With Hyperliquid's S&P 500 perp recently hitting $100M daily volume, this integration opens the floodgates to MetaMask's massive user base.

Tether selected KPMG for a full audit of its ~$185B USDT reserves and hired PwC to prep internal systems. The move goes beyond monthly attestations to cover assets, liabilities, controls, and reporting. A clear play for U.S. expansion credibility as it eyes a $15-20B raise.

Ripple is rolling out AI-driven security upgrades for the XRP Ledger, including AI-assisted testing and a dedicated red team to catch vulnerabilities pre-production. Proactive security infrastructure like this could set a new standard for L1 chains.

Big brain energy, lowkey legendary.

Top Gainers: TRILLIONS, STG, SAFE, KNC, APTM.

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

1. Why your favorite narrative doesn't matter.

2. The metric everyone ignores until it's too late.

3. What separates winners from exit liquidity.

4. The alpha hiding in plain sight.

5. Why most DeFi strategies quietly bleed.

Anchorage Digital added TRON support, becoming the first federally chartered U.S. firm to bring Justin Sun's chain inside the regulatory perimeter. A legitimacy milestone for TRON's institutional ambitions.

Binance Australia was fined $6.9M after the federal court found major lapses in client onboarding, and over 85% of derivatives users were misclassified. Another reminder that regulatory shortcuts have real costs.

The White Whale founder locked 500 million coins forever and stepped away from CT, citing family crisis, mental health struggles, and fading passion for crypto. His parting message called out pumpdotfun as "cancer" and urged the space to stop idolizing founders who know the system is "rotten to the core."

That’s all for today!