RaaS #448: BTC Hits Another ATH!

GMX Publishes Post Postmortem, Agora Raises $50M Series A: GM Web3

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Radarblock xyz
July 10, 2025

EF Overhauls Ecosystem Development, ETH Futures Edge Out BTC, and Moar!

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Agora secures $50 million in Series A from Paradigm and Dragonfly to enhance its stablecoin infrastructure platform. They're launching a white-labeled solution that enables enterprises to issue branded stablecoins in days. Will you mint your own stablecoin?

Just two days left in Pump Fun’s public sale. Any comments on the tokenomics?

Bonkfun has surpassed Pumpfun in daily volume and token creation. Over the past month, Pump's daily tokens fell from 30k to 10k, while Bonk jumped from 1k to 20k. Bonkfun's market cap soared from $50M to $350M, driven by Useless Coin.

Coinbase International Exchange (INTX), linked via Copper’s ClearLoop, joins Binance, OKX, and others in Ethena’s growing off-exchange hedging arsenal. $1B+ open interest and hourly mark-to-market means better rates, less risk, and zero assets left parked on exchanges. Sensible, boring, effective.

ETH futures hit $62.1B, edging out BTC’s $61.7B, a rare reversal. Is the broader sentiment shifting around ETH?

BlackRock bought $158M of ETH, now holding 1.4M ETH. This lines up with 14 straight days of ETH ETF inflows, pointing to a growing institutional love affair with Ethereum’s utility.

It’s called distribution!

Divvi’s slice shop is closing soon. Their onchain points system, “Divvi Slices,” is wrapping up on July 15. The pie’s almost out. If you’ve been building with Divvi, claim your Slices now, before they’re gone.

GMX V1 got hit by a re-entrancy exploit. The attacker tricked the system into thinking Bitcoin was way cheaper than it was, inflated their fake profits, minted GLP at a discount, and cashed out.

BTC just smashed through $112,521, blowing past its previous ATH of $109K.

Top Gainers: HYPER, BC, M, CROSS, IMF.

DAOs aimed to replace corporations but ended up resembling them. As use cases grow and regulators close in, governance is moving from chaotic to structured. Will DAOs see a resurgence?

The Ethereum Foundation is overhauling Ecosystem Development to boost adoption and resilience, launching new teams for dev support, enterprises, apps, and founders, while expanding grants, automation, and policy work to better support real-world Ethereum use.

That’s all for today!