RaaS #417: GameStop Buys BTC!

Nansen Adds Candle Inspector, Cork Protocol Drained For $12M, and Moar!

GameStop added 4,710 BTC worth $513M to its treasury as Bitcoin neared $110K. This buy, following board approval, mirrors MicroStrategy’s playbook and aligns with rising U.S. policy support for strategic crypto reserves.

Built on Rust and Google Cloud, Sonic’s ETL tool enables fast access to structured chain data via BigQuery, empowering devs to analyze the high-performance EVM L1’s 400K TPS network.

Solana highlights RedStone’s oracle integration of RWAs like ACRED and BUIDL, enabling composability in DeFi. This bridges TradFi and DeFi, expanding access to yield strategies as over $20B in assets are tokenized. Solana’s speed and cost-efficiency support this adoption.

EigenDA integrates with Fuel Network to scale Ethereum apps. Combining EigenDA’s secure data layer with Fuel’s 21K TPS parallel VM unlocks fast, low-cost DeFi and gaming apps—powered by the Sway language.

UniswapX optimizes swaps via Dutch auctions, letting third-party fillers compete using on-chain and off-chain liquidity. It avoids batching, routes orders individually for better pricing, and shifts gas costs to fillers, reducing MEV risks and enhancing user experience.

Ego lets users mint and trade tokens tied to X profiles. During its 4-hour presale, 50% of tokens went to profile owners (with vesting). Trading occurs via Raydium. Backed by Raj Gokal and Hustle Fund, Ego aims to financialize digital identity.

GMX announces a Multichain Expansion to boost cross-chain trading beyond Arbitrum and Avalanche, using LayerZero for bridging. The community can vote on new EVM chains. This move supports GMX v2.2’s 2025 goals of stability, lower costs, and deeper multichain DeFi integration.

Kaito AI adds email alerts to its Yaps dashboard for airdrops, whitelists, and rewards, and unveils cross-leaderboard rankings to boost engagement. These features, strengthen its mission to gamify crypto insights via AI-driven community tools.

Delphi Digital highlights stagnation in Web3 development, with only 467K apps vs. 2.7M on Google Play. Enso’s “Shortcuts” cut dev time from 7 months to 2 days, enabling composable, multichain dApp deployment through intent-based UX.

Nansen’s Token God Mode now features a Candle Inspector—users can click any price candle to view which wallets bought or sold. It enhances market transparency by surfacing trading behavior behind key moves, without breaching user privacy.

Self-reflection ain’t nice.

LucidLabsFi partners with peaq to boost liquidity for DePINs via Vested Emission Offerings (VEOs), rewarding users with discounted PEAQ tokens. This supports peaq’s Machine DeFi vision—real-world machines as Web3 assets—enabling scalable, eco-friendly on-chain economies.

Gauntlet’s Levered RWA Strategy turns assets like ACRED into sACRED, looping USDC for yield via Morpho (Polygon) and Drift (Solana). It blends TradFi and DeFi, using dynamic risk controls to boost returns while managing leverage amid evolving RWA regulation.

Top Gainers: EFI, CAR, ZEUS, OIK, NIL.

Backed by Polygon Labs and GSR, Katana launched its private mainnet for zk-powered DeFi. Early ETH, USDC, USDT, or WBTC deposits earn KAT (unlockable in 9 months) with ve-governance to shape protocol direction.

Sweden and Norway halted cashless plans after the Ukraine war exposed risks of centralized payment failures. Vitalik proposed Ethereum as an alternative. Stablecoins offer promise in unstable economies, yet privacy and outage resilience remain concerns.

Cork Protocol suffered a $12M exploit on May 28. Attackers used fake tokens to manipulate wstETH exchange rates, bypassing logic missed in four separate audits. The funds were swapped for 4,530 ETH within minutes, exposing gaps in real-time DeFi risk monitoring.

That’s all for today, see ya later!