RaaS #451: SharpLink Becomes Biggest ETH Holder!

Pudgy Targets Collectibles Market, Dual Governance Live On Lido, and Moar!

Boundless has launched its Mainnet Beta, introducing “Signal,” a cross-industry effort to ZK-prove all chains, starting with Ethereum on Base. Backed by Base, Wormhole, EigenLayer, and more, marking a major step in using ZK proofs to scale and secure multi-chain ecosystems.

If you don’t know, Cobie is a UK tech entrepreneur who bought Bitcoin in 2012, co-launched Maxcoin, and later joined Monzo. He reemerged during DeFi’s rise in 2020 as a sharp crypto commentator on Twitter/Substack, supporting Lido early and co-hosting the influential UpOnly podcast. In other news, Cobie has blocked Star Platinum.

MegaETH Labs compares its EVM L2 to a hummingbird, fast, precise, and efficient, highlighting high throughput without latency. It’s part of their nature-inspired campaign framing performance as a product of elegant engineering, not brute force.

Pudgy Penguins partners with Suplay Inc. to enter China’s $150M collectibles market, hinting at a physical toy drop. This reflects a broader NFT trend: turning digital IP into real-world merch to boost engagement and value amid rising demand for tangible assets. Don’t let your gfs hear about this.

USDT0, the cross-chain version of Tether’s USDT, has integrated with Bitcoin Layer 2 Rootstock. Managed by Everdawn Labs (not Tether), USDT0 enables seamless USDT transfers across chains, now live on Ethereum, Arbitrum, Unichain, OP Superchain, and Rootstock, to boost BTCFi interoperability.

Flojo is a next-gen energy drink blending Yerba Mate with functional mushrooms, paired with seamless crypto rails for ownership and rewards. D2C-first, Solana-aligned, and culture-driven. Wen Messi partnership?

Standard Chartered becomes the first G-SIB to offer institutional spot trading for BTC and ETH. Clients can now trade crypto alongside FX pairs (USD, EUR, JPY) via existing infrastructure, with optional custody. This marks a major TradFi step toward integrating digital assets into mainstream banking rails.

Hear ye, hear ye!

Weed’s “20th Weed Coin” drop mints 100 physical cannabis-themed crypto coins, blending digital and IRL perks (VIP events & merch). Eligibility requires you to be a Level 10 Discord user.

Lido clears its Scorecard with the launch of Dual Governance. Stakers now have rage quit protection, delay powers, and final safeguards against governance capture, making Lido the first staking solution to fully align with Ethereum’s decentralization ethos.

SharpLink now holds the most ETH of any corporation, surpassing even the Ethereum Foundation. After a $156M spree, it owns 280,706 ETH, nearly all staked. Backed by Consensys and led by Joe Lubin as chairman, SharpLink is betting big on Ethereum as a treasury strategy.

Top Gainers: C, CROSS, DOOD, SX, AURA.

League of Kingdoms expands into Arena-Z with two new games, a new chain, and fresh tokenomics. LOKA holders can swap for A2Z (1:20) on July 28. A non-governance HT token supports Hunters. All games run on the OP-based Arena-Z Chain with unified progression.

Cross-chain today is duct tape and hope. t3rn built a failsafe execution engine instead. No wrapped assets, no broken swaps, just end-to-end guarantees. If the future’s atomic, this is your entry point.

That’s all for today!