RaaS #411: GENIUS Act Under Vote!

Stakrnet Lowers Gas By 500x, Solana Unveils News Consensus, and Moar!

Virtuals Genesis portfolio hit 16x in 32 days across 23 deals: 2×100x, 1×50x, 2×20x, 3×10x, 5×5x, 5×2x, 3 breakeven, 2 rugs. VIRGENS outpace VCs as onchain deal flow dominates, CEX vapor tokens look outdated in comparison.

YieldNest has announced its TGE in 14 days. 40% of tokens will be airdropped to early supporters and partner communities. The launch comes amid growing momentum for Ethereum-based DeFi and restaking protocols.

The GENIUS Act, a U.S. stablecoin regulation bill, cleared the Senate cloture vote 66–32, advancing to full debate. Backed by bipartisan flips, it adds consumer protections and ethics rules. The bill targets the $250B stablecoin market with federal licensing and audit mandates.

Lido V3 introduces stVaults, a modular staking system enabling custom setups for Node Operators and DeFi protocols. Built with community input, it enhances decentralization and flexibility. The upgrade builds on Lido’s strong performance and use of Distributed Validator Technology.

Aave now commands 20% of DeFi’s TVL, marking a major milestone in DeFi. Its steady growth, cross-network expansion, and use of Chainlink oracles have cemented Aave’s dominance in lending and borrowing across the DeFi ecosystem.

Starknet slashed gas fees by over 500x from ~$21 to $0.09 per ERC-20 transfer between March 2024 and May 2025, driven by its v0.14.0 upgrade optimizing gas bounds. While this boosts Ethereum scalability and lowers onboarding costs, adoption skepticism and user trust remain hurdles.

Roger Wattenhofer unveiled Alpenglow, Solana’s new consensus protocol, at Solana Accelerate NYC. Replacing TowerBFT and Proof-of-History, it uses Votor and Rotor for faster finality and better data flow, boosting scalability via Turbine and erasure coding.

I would just flip the order and that’s it!

The AI Block Summit, co-hosted by Radarblock and GoKiteAI at TOKEN2049, convened leaders from SentientAGI, crunchDAO, Berachain, and Vana to explore the convergence of crypto and AI. Held amid rising AGI debates and practical AI applications, the event examined whether Crypto x AI is transformative or another hype cycle.

The Sky Campaign on Layer3 promotes the Sky Ecosystem, featuring USDS and SKY tokens. With 50,000 USDS in rewards up for grabs until July 30, 2025, users can explore DeFi features like the Sky Savings Rate and autonomous agent-driven risk mitigation.

Top Gainers: H20, EFI, COLLAT, NOBODY, BC.

Some bullish news to end your read.

That’s all for today, see ya later!