RaaS #442: SOL Staking ETF Launches Today!

Virtuals Launch Governance, Coinbase Acquires LiquiFi, and Moar!

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ZachXBT’s new report uncovers how North Korean IT workers used fake identities like “Sandy Nguyen” to land up to 920 remote gigs in 2025, netting $16.6M. Payments flowed via USDC, exposing cracks in AML compliance across stablecoin platforms.

Vitalik’s EthCC remarks call for a return to Ethereum’s roots, decentralization, resilience, and user freedom, warning that unchecked growth could replicate the Web2 mistakes blockchain set out to fix. A timely reminder as can be.

Virtuals launches a hybrid governance portal: veVIRTUAL holders vote on treasury decisions (like $5.3M fund and milestone grants), while core contributors retain app control, balancing speed, clarity, and decentralization.

Brother Bing calls out “slow rugs” in MegaETH NFTs, projects that quietly devalue post-mint. In response, Ultra launched Fluffle Tools: a community-voted dashboard to flag scams and spotlight legit projects, turning NFT defense into a decentralized, collective effort.

Trump’s $3.3T “Big Beautiful Bill” may weaken the dollar and stoke inflation, conditions that historically boost Bitcoin by 10–15%. While ETH and alts could face rate-hike volatility, Lummis’ tax reform push could unlock retail demand and drive a $3.5T+ crypto market rally.

Bitwise’s NEAR Staking ETP debuts on Deutsche Börse Xetra, spotlighting NEAR’s AI-ready, 100K TPS blockchain. With a 5.5% staking yield and focus on cross-chain security, it marks a green, institutional bet on next-gen crypto infrastructure.

PancakeSwap hit $325B in June trading volume, up 92% MoM thanks to its Infinity upgrade and Solana v3 launch. While it dominates BNB Chain.

xStocks partners with Raydium to bring tokenized Tesla, NVIDIA, and more to Solana DeFi. Users can trade or LP these stocks, blending TradFi with DeFi via Raydium’s AMM. It’s a step toward cheaper, more open markets, minus the Wall Street gatekeeping.

Didn’t know anyone else also had the same strat, pure genius!

Blingoh reflects on a personal journey from the chaos of Polygon’s early days to Kyber’s structured Web3 ops, set fittingly against the Louvre Pyramid. Big lore drop from the secretive guy.

Código launches as an AI-native dev platform for Solana, offering smart contract generation, autocomplete, and pre-audit scans. It’s Solana-coded, Solana-trained, and aims to make dApp development faster, safer, and more accessible for builders.

Anchorage Digital announces the first SEC-registered crypto staking ETF: the REX-Osprey Solana Staking ETF. Launching July 2, it offers regulated Solana exposure with staking rewards—marking a major step for compliant, yield-bearing crypto investments.

Top Gainers: STARTUP, IMAGE, CBK, NOBODY, GOR.

The U.S. may soon allow crypto as mortgage collateral, with platforms like Milo.io already offering 100% financing backed by BTC or ETH. Backed by pro-crypto policy shifts in 2025, this move could reshape real estate finance without forcing asset liquidation.

NodeOps is flipping it’s tokenomics, allocating 48% of NODE to the community vs. EigenLayer’s 33% and Aethir’s 26%. It’s also testing revenue-based minting instead of fixed emissions, a bold play that prioritizes users but remains unproven long-term.

Coinbase’s acquisition of LiquiFi signals a push into token management and compliance, integrating vesting tools used by Uniswap and Optimism into Coinbase Prime.

That’s all for today!