RaaS #416: Circle Files For IPO!

Trump Media Raises $3B, Solana Cofounder KYC Leaked: GM Web3

Author

Radarblock xyz
May 27, 2025

SBF Sentence Cut, ZKsync’s Prividium Launches, and Moar!

Quick Intro: Radarblock is a Web3-native growth agency that increases awareness, TVL, volume, and social metrics for its clients over a consistent time frame without uncertainty and confusion. All tweets are hyperlinked, so click to pull them up on Twitter!

Barchart reports record open interest in $300K BTC options expiring June 27—181% above spot. SightBringer notes reflexivity: if BTC approaches $120K–$150K, dealer hedging could trigger volatility spikes.

James Wynn lost $65M in 5 days trading Bitcoin with 20x leverage, including a $5M hit on May 26, 2025. His entry at $109k faces liquidation at $107,580.

Hackers leaked Solana co-founder Raj Gokal’s personal data via Migos’ hacked Instagram (13M followers) after he allegedly refused a 40 BTC ransom. Likely linked to a prior breach of his personal accounts, underscoring rising threats from KYC data leaks.

Trump Media denied reports of a $3B crypto fundraise, calling FT’s sources “dumb.” Still, TMTG launched Truth.Fi in Jan 2025 to allocate $250M into Bitcoin and ETFs—signaling ongoing digital asset ambitions.

Cetus was exploited for $223M due to a math library bug, not Sui’s core infra. The attacker used spoof tokens + CLMM bugs to drain SUI and USDC. Sui pledged $10M to improve DeFi app-layer security.

Sam Bankman-Fried’s 25-year sentence ends in Dec 2044, reduced for behavior and credits. Caroline Ellison to be released in May 2026 after cooperating in the $10B FTX fraud case.

ZKsync launches Prividium: a privacy-focused, Ethereum-compatible layer for financial institutions. With private RPCs and role-based access, it enables compliant issuance, payroll, and collateral movement, bridging TradFi and on-chain finance.

Thank god it’s Tuesday!

Kaito PRO indexes crypto-native intel from X, Telegram, Farcaster, and forums. Tracks sentiment, mindshare, and catalysts in real time—driving its InfoFi vision for transparent, fast-moving markets.

Top Gainers: BC, TRB, BBT, CAR, SEND.

Arbitrum x Kaito AI launch the “Yapper Challenge” — a 3-month initiative distributing 400,000 ARB to incentivize community engagement. Timed with Arbitrum’s recent $34M token unlock, the campaign leverages Kaito’s AI-driven analytics to gamify on-chain discussion and foster deeper ecosystem participation.

Cobie’s Echo launched Sonar, a Plasma-based Bitcoin-EVM sidechain for stablecoins. Despite raising $24M toward a $50M goal (backed by Peter Thiel and Paolo Arduino), questions remain over its $500M valuation and early volatility.

Circle plans a $600M IPO at a $5B+ valuation, offering 9.6M shares at $24–$26. Denies acquisition talks with Coinbase/Ripple, reaffirming its public listing push amid crypto–TradFi convergence.

That’s all for today, see ya later!