1. Stripe — backed Blockchain Startup Tempo Completes $500 Million Collection A Funding link
Tempo, a blockchain startup backed by Stripe, has closed a $500 million Collection A funding spherical, valuing it at roughly $5 billion. The spherical was led by Thrive Capital (Joshua Kushner) and Greenoaks, with participation from Sequoia, Ribbit Capital, SV Angel, and others. Co-developed by Stripe and Paradigm, Tempo focuses on stablecoin fee infrastructure. Its companions embody OpenAI, Shopify, and Visa, and it goals to construct U.S. greenback stablecoins into a brand new underlying community for international funds.
Dankrad Feist, a core Ethereum developer, has left the Ethereum Basis to be part of Tempo, a Layer 1 blockchain mission targeted on stablecoin infrastructure. Tempo is dedicated to natively integrating stablecoin issuance and settlement features into its underlying community.
2. Ondo Finance Writes to SEC, Requests Halt to Nasdaq Tokenized Securities Plan link
Ondo Finance has despatched a letter to the U.S. Securities and Trade Fee (SEC) requesting a delay or rejection of Nasdaq’s proposal for tokenized securities buying and selling. It acknowledged that the proposal depends on undisclosed settlement particulars, which can give giant establishments an unfair benefit. Ondo identified that regulators and buyers can not pretty consider the plan with out understanding the blockchain settlement mechanism of the Depository Belief & Clearing Company (DTC). Nasdaq’s proposal is at present underneath SEC evaluation, with a ruling anticipated as early as November.
3. Eric Trump Plans to Launch Actual — Property Tokenization Undertaking through World Liberty Monetary link
In an interview with CoinDesk TV, Eric Trump acknowledged that he’s collaborating with World Liberty Monetary to advance an actual property tokenization initiative. The initiative entails a constructing at present underneath growth and could also be carried out via the establishment’s stablecoin, USD1. He revealed that the mission might permit the general public to make small investments beginning as little as $1,000, enabling them to receive partial possession and extra advantages resembling hotel-related perks — eliminating the necessity for financing via conventional banks.
4. Perp DEX’s Open Interest Plunges from $26 Billion to Underneath $14 Billion After October 11 Crash link
After the 1011 flash crash, the open curiosity of Perp DEX plummeted from $26 billion to lower than $14 billion; the charges captured by lending protocols on that day exceeded $20 million, setting a brand new all-time single-day document; the weekly buying and selling quantity of DEX surpassed $177 billion final week, hitting an all-time excessive; the full borrowings of cross-chain lending protocols fell beneath $50 billion for the primary time since August; and the stETH APY soared to over 7% at one level.
5. OpenSea Plans to Launch SEA Token in Q1 2026 link
OpenSea CEO Devin Finzer posted that the corporate plans to launch the SEA token in the primary quarter of 2026. Fifty p.c of SEA’s whole provide will likely be allotted to the group, with preliminary claims accounting for half; customers taking part in OpenSea’s reward packages and OG customers will likely be given precedence consideration. The launch of SEA will present customers with extra utilization strategies, together with a staking perform, permitting customers to stake SEA behind their favourite tokens and collectibles. Moreover, 50% of SEA’s income will likely be used to buy SEA upon its launch, aiming to make sure the token’s worth and the wholesome growth of the ecosystem.
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6. Ripple Labs to Lead $1 Billion Funding for XRP Digital Asset Treasury link
Ripple Labs is main a financing initiative of no less than $1 billion, which intends to increase funds via a SPAC (Particular Objective Acquisition Firm). The funds will likely be used to set up a brand new digital asset treasury for accumulating XRP. Ripple may even contribute a portion of its personal XRP to this treasury.
7. Lighter CEO Discloses Spot Itemizing Time and Airdrop Particulars in AMA link
Lighter CEO @vnovakovski acknowledged in an AMA that the spot market will launch in late October or early November. The primary batch of buying and selling pairs will embody main cryptocurrencies resembling BTC and ETH, with charges decrease than these of opponents. Lighter will place itself as a Layer 2-like ecosystem, supporting integration with main DeFi protocols resembling AAVE. Fifty p.c of the full airdrop will likely be allotted, with 25%-30% distributed in the primary and second seasons mixed; this portion will likely be issued to level holders through the TGE part. The second-season factors program will run till simply earlier than TGE. The official acknowledged that factors of rule-breakers will likely be cleared, however no retrospective restoration will likely be carried out.
8. Consider Declares Improve of LAUNCHCOIN Token to BELIEVE link
Consider, one of Solana’s largest launchpads, has introduced the improve of its LAUNCHCOIN token to BELIEVE. Holders can alternate LAUNCHCOIN for BELIEVE at a 1:1 ratio via the official web site over the subsequent 4 weeks; any unupgraded LAUNCHCOIN provide will likely be burned after the deadline. Notably, the full provide of BELIEVE has elevated by 25% in contrast to LAUNCHCOIN, set at 1.33 billion. Of this elevated provide, 17% will likely be used to incentivize contributors, 5% allotted to early buyers, and three% devoted to basis initiatives. Ben Pasternak, founder of Consider, acknowledged that the group didn’t obtain any token provide when launching Pasternak/Launch Coin; all new provide besides the inspiration’s share can have a lock-up interval ranging from now; and income will likely be used for on-chain repurchases of BELIEVE.
9. Jupiter to Launch Governance Vote on Whether or not to Burn 121 Million Repurchased JUP Tokens link
Jupiter will make main changes to its ecosystem construction: the DAO will shift to a “high-impact governance” mannequin, decreasing the quantity of proposals and disbanding current working teams, whereas the $JUP unstaking interval will likely be shortened from 30 days to 7 days. In the meantime, the group will launch an unbiased vote to determine whether or not to burn the 121 million $JUP held by Litterbox Belief (accounting for about 3.8% of the circulating provide), and can decide the longer term income administration plan in subsequent votes.
10. Thumzup Considers Integrating DOGE Reward Funds in Cell App link
Thumzup Media, an organization related to the Trump household, is contemplating integrating Dogecoin (DOGE) reward funds into its Thumzup app. The app at present gives money rewards to customers who share advertisers’ product content material. Thumzup believes that integrating DOGE as a further fee possibility can scale back charges and enhance the settlement of small cross-border funds. CEO Robert Steele acknowledged that exploring Dogecoin integration is a vital subsequent step in making a scalable, low-friction reward engine, and if profitable, this modification could enhance unit economics and entice a broader group of crypto-friendly creators.
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