RaaS #432: Whales Accumulate ETH!

Mantle Teases Evolution Ahead of Major Reveal, Healthcare Firm Goes Long on Bitcoin, and Moar!

We're entering a phase where the normalization of gray-market behavior in crypto is accelerating faster than reform. With court apathy, unchecked laundering, and influencers facing zero consequences, the lines between legal innovation and criminal exploitation are blurring. If the ecosystem rewards silence and short-term profit, long-term trust may be irreparably lost.

L2s are driving serious volume. Uniswap’s $180B+ in swaps is proof that users are chasing cheaper, faster trades. With half the year still ahead, 2025 could be the year L2s solidify their dominance in DeFi infrastructure.

Mantle hints at a major step forward, likely tied to the upcoming launch of Mantle Banking, the MI4 Fund, or even an NFT collectible, with strategic moves across L2 scalability and on-chain finance.

Healthcare firm Prenetics has added 187 BTC (~$20M) to its balance sheet and plans to shift most of its cash reserves into Bitcoin, joining the growing list of corporates adopting crypto treasuries. By aligning with giants like Strategy and Rumble, marking a broader trend of non-financial enterprises recognizing BTC as a strategic asset class.

Blockworks’ Token Transparency Framework, sets 18 key disclosure criteria to fix crypto’s info asymmetry. Backed by Pantera, it aims to reduce hidden risks and promote self-regulation as SEC eyes tighter oversight amid rising institutional adoption.

Perfect. Just Perfect!

Scott Shi, co-founder of KITE AI, promises a deep dive talk into how Kite AI is shaping the economic layer of agentic AI, highlighting the growing fusion of AI autonomy and blockchain-driven incentives in next-gen tech.

Pectra is now live on Arbitrum, with features like one-click swaps and gas sponsorships. Pectra is making it easier for builders to innovate on Arbitrum, pushing seamless DeFi experiences and expanding the ecosystem.

With major Chinese mining firms shifting to the US, the industry could see a boost in domestic hardware supply and innovation. This shift also highlights how geopolitical pressures are reshaping the mining landscape, potentially impacting Bitcoin’s global hash rate distribution.

Top Gainers: FUN, ZRC, GAME, IAG, AERO.

The listing of CHEX on Kraken opens new doors for liquidity and exposure, signaling growing confidence in its project. As more tokens get mainstream exchange support, traders have fresh opportunities but should still watch for volatility in these emerging assets.

Bringing USDC into futures markets could streamline trading and settlement, reducing friction with a trusted stablecoin and underlining stablecoins’ growing role in TradFi.

Big players are buying more than 800,000 ETH weekly, signaling strong confidence in Ethereum, possibly anticipating major price rallies. Whale activity like this often hints at market movements before they become mainstream.

That’s all for today!