RaaS #430: Truth Social Files For BTC-ETH ETF!

Tron Goes Public, Zkasino Scammer Resurfaces, Nansen Launches Points Program: GM Web3

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Radarblock xyz
June 16, 2025

Coinshare Files For SOL ETF, Sonic Airdrop Season Incoming, and Moar!

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Trump’s Truth Social has filed for a Bitcoin-Ethereum ETF, backed by a $2.5B BTC treasury plan. While it could democratize access via partners like Crypto. com, SEC approval remains uncertain due to political optics.

ZachXBT links the $30M Zkasino scam to WhiteRock Finance via shared wallets and a personal email tied to Ildar Ilham. Despite audit claims, on-chain data and a past FIOD probe suggest fund co-mingling and deception, exposing WhiteRock’s high rugpull risk behind its anonymous team.

Tron plans to go public following a paused U.S. probe into Justin Sun, amid controversy over its role in illegal crypto activity. Reactions are mixed, reflecting Tron’s tarnished reputation. Meanwhile, altcoins like Kaanch are gaining hype for innovation and low supply.

CoinShares filed an S-1 with the SEC on June 13, 2025, for a potential Solana ETF. If approved, it could boost SOL’s legitimacy. But SEC scrutiny, especially over SOL’s prior security status, could delay approval.

Sonic Labs will begin Season 1 airdrop claims a few weeks after June 18, 2025, post-bot/sybil review. 190.5M SONIC tokens will be distributed across seasons. Season 1 rewards vest 75% over 270 days, with early claims incurring a burn.

"Nothing is harder on the soul than the smell of dreams, while they're evaporating" - Mahmoud Darwish.

Our co-founder, Blingoh, joins IncuBase’s GTM mentorship by Base to help Web3 builders sharpen their pitches and messaging.

Kamino Finance, in partnership with Maple, raised SyrupUSDC’s max LTV to 80%, enabling 5x leverage on Solana. This boosts APYs up to 17.08%, a 165% gain over base rates, reflecting rising trust in Solana’s DeFi infra.

Tokenized treasuries surged 544.8% to $4.7B in early 2025, led by Ondo Finance and BlackRock. Ondo’s push to tokenize stocks/ETFs could unlock $62T in value, signaling a flight to quality as investors seek yield and 24/7 access amid market volatility.

Top Gainers: ZEX, ALT, LAMBO, MAGIC, WBT.

Extended is migrating to Starknet in July 2025, launching a CLOB Perp DEX with unified margin and community vaults. Leveraging Starknet’s 2s finality and ultra-low fees, it aims to bring capital-efficient, decentralized trading of crypto and TradFi assets to the L2 ecosystem.

Blockworks Research’s new DEX dashboard reveals $630B in Jan 2025 DEX activity, with 40% of trades under $10, mostly bots inflating memecoin data. It challenges ETH’s DEX dominance, showing BTC-ETH pairs driving 35% of BTC spot volume and Solana leading in transaction speed.

Nansen AI launches “Points Season 01” on June 17, 2025, signaling a new rewards era tied to its cross-chain analytics platform.

That’s all for today, see ya later!