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- RaaS #634: Zaheer of Split Capital Joins Plasma
RaaS #634: Zaheer of Split Capital Joins Plasma
Is consolidation in current markets the real last dance? GM Web3!
Polymarket USD, Decentralized Search, DeFi Lending Rates and Moar!
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Polymarket will migrate from USDC.e to a new Collateral Token named Polymarket USD backed 1:1 by USDC. Every application is a bank now with the power of stablecoins.
Zaheer Ebtikar is shutting down Split Capital to join Plasma full-time, calling it "the best company in crypto." After two successful years running his own fund, he's going all in on Plasma's vision to build premier stablecoin settlement and distribution rails. Trillions?

Your daily dose of bite-sized crypto news.
Tether CEO says the Company is working on a Decentralized Search Engine, powered by HyperDHT.
$330,000,000,000 wiped out from the US stock market in just 10 minutes.
Morgan Stanley's spot Bitcoin ETF to go live tomorrow.
Only 31% of Polymarket traders are profitable, according to data from Parity. The prediction market boom brought volume, but most participants are still on the losing side.
Santiago Santos argues DeFi lending rates are too low for the risk, with $11.7B sitting in Morpho vaults earning just 2–4% APY.

Looks like fortune tellers were based.

Want RaaS without digging through your inbox? Our Telegram channel gives you the same daily crypto roundup in a quick, scrollable format. Easy to read, easy to share. Join here: RaaS Telegram Group.
Top Gainers: UP, Edge, APTM, POWER, QUAI.


High-signal reads are worth your time, all in one place.
Stacy Muur drops a full crypto abbreviation glossary so you never have to pretend you know what MPC stands for again. One of the most consistent researchers in the space doing what she does best: making crypto more accessible.
What started with Saylor's buy signal has now spread to Tom Lee. Tom Lee just bought $150M worth of $ETH ( ▼ 3.24% ) .
Monad co-founder Keone Hon urges all protocols to use dedicated computers for multisig signing operations. The post comes in the wake of Drift's $285M exploit, where contributors were compromised through everyday devices.
For our onchain sleuths, Drift exploiter has been moving funds. Roughly $14.8K SOL was moved to new wallets. We await the zachxbt in you; track the wallets using Arkham.
That’s all for today, happy Tuesday!







