RaaS #434: Tether CEO Announces PearPass!

MetaMask Integrates Solana, Kamino Integrates xBTC: GM Web3

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Radarblock xyz
June 20, 2025

LayerZero Data Live On Dune, GENIUS Act Passage Pumps CRCL, and Moar!

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MetaMask has integrated Solana, hoping to up its game and become one of the top wallets in the space. With Solana’s rising institutional adoption, MetaMask is positioning itself to serve the growing demand for scalable blockchain ecosystems.

Tether CEO responds to a massive 16B password leak by promoting PearPass, an offline, open-source password manager. Amid growing distrust in cloud storage, PearPass offers local-first security, a shift backed by rising interest in decentralization and open-source tools.

Solana launches xBTC, a wrapped Bitcoin backed 1:1 by OKX, unlocking BTC in DeFi with $150K+ monthly rewards via Kamino. Built for speed and low fees, xBTC mirrors cbBTC’s success while teaming with Global Dollar and Jito to challenge USDT’s dominance and boost DeFi scalability.

Prevention is better than cure, so they say.

BOPS is now live and has been successfully airdropped to 11K+ wallets. UNWRAPPED is a data DAO powered by Vana that turns your Spotify listening history into actual money, highlighting how important data has become in this day and age.

LayerZero has processed over 150 million messages and $105B in value, leading cross-chain interoperability. With 9M messages in 180 days—far surpassing rivals like Hyperlane and CCIP—it’s become critical infra for DeFi, aligning with Ethereum’s trustless ethos and recent inflow surge.

Circle’s CRCL stock is up 10% premarket after a 34% rally, fueled by the U.S. Senate’s passage of the GENIUS Act on June 18, 2025. The bill creates a stablecoin regulatory framework, potentially unlocking a $250B market and legitimizing USDC’s rapid growth (+51% revenue in Q1).

Top Gainers: XEM, QUAI, AERGO, GPS, GOR.

Alex Mashinsky forfeits claims to Celsius funds after a 2024 fraud conviction. With $2.5B repaid to creditors, 121K claims remain. His 12-year sentence marks a rare case of accountability.

Kraken has introduced native BTC staking via Babylon, offering users up to 1% APR in BABY tokens, without bridging, wrapping, or lending. This expands BTC’s utility while preserving its core security guarantees.

Jupiter DAO has suspended governance votes until early 2026, citing internal tensions over token concentration. With 20% of JUP held by the team, critics say the DAO lacks decentralization, mirroring a broader DeFi shift toward product over process as DAO activity declines.

That’s all for today!