Developed with Paradigm, the tool is OpenAI’s attempt to determine whether modern AI systems are up to the task of helping prevent smart contract issues.
As U.S. lawmakers consider limits on data and mining facilities because of energy usage, the industry wants to explain that their crypto worries are unfounded.
Farcaster raised $150 million by Paradigm and a16z in 2024 but has struggled to sustain growth.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Tempo, built by Stripe and Paradigm, has started testing payment-focused blockchain and has onboard a slew of institutional partners.
N3XT Bank, operating under a Wyoming charter, aims to provide programmable U.S. dollar payments around the clock without lending deposits.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The $5 billion valuation cements Tempo as one of the most valuable new entrants in the stablecoin infrastructure race.
Fintech giant Stripe and crypto venture firm Paradigm have announced their collaboration on a new project named Tempo. The Layer-1 (L1) blockchain, designed specifically around stablecoins, aims to streamline digital transactions and enhance payment efficiency. Stripe And Paradigm’s New Payment Solution Tempo emerges as part of a growing trend of Layer-1 blockchains dedicated to stablecoin integration, joining the ranks of initiatives like Circle’s Arc and Tether’s Plasma Layer-1 blockchains compatible with the Ethereum Virtual Machine (EVM). Related Reading: ONDO Price Skyrockets As Over 100 Tokenized Assets And ETFs Are Set For Ethereum Debut Its launch comes at a time when interest in cryptocurrency is surging, fueled by the Trump administration’s favorable stance towards the crypto sector and recent legislative progress, including Congress’s passage of the first stablecoin-focused bill, the GENIUS Act, in July. While established platforms like Ethereum (ETH) and Solana (SOL) have dominated the landscape, a new generation of payment-focused blockchains has reportedly emerged, promising rapid transactions and lower fees. These blockchains often utilize native tokens, such as Circle’s USDC or Tether’s USDT stablecoins, which are frequently traded on the Ethereum blockchain yet deployed across various networks. Despite the competitive environment, Tempo benefits from Stripe’s customer base. As one of the largest payment infrastructure providers globally, Stripe caters to a clientele that largely remains outside the crypto sphere. The advantages of stablecoins, often touted for their speed and efficiency compared to traditional money transfer services like SWIFT, present a compelling case for broader adoption. However, concerns over regulatory uncertainties and corporate hesitance have slowed this process. Tempo’s Ambitious Goals Fortune reports that tempo will not launch with its own native cryptocurrency. Instead, it will utilize various stablecoins as “gas” fees, which are essential payments made to the network of entities operating the blockchain. This approach sets Tempo apart from many other blockchains that rely on their proprietary tokens for value. As for the timeline for Tempo’s launch, details remain scarce; however, the project is currently staffed by around 15 employees, including Huang, who will continue his role at Paradigm alongside Alana Palmedo. Related Reading: ABTC On The Rise: Trump-Backed American Bitcoin Enters Nasdaq Trading Paradigm outlined Tempo’s focus areas, which include global payments, remittances, microtransactions, and agentic payments—transactions initiated by artificial intelligence (AI) agents. While Stripe is incubating Tempo, Paradigm emphasizes the intention for the blockchain to maintain a sense of neutrality. It remains uncertain whether other payment providers will adopt this new technology. However, the involvement of various partners, including Anthropic, OpenAI, Deutsche Bank, and Shopify, suggests a collaborative effort to develop a new payment solution. Featured image from DALL-E, chart from TradingView.com
The chain's stablecoin-first design aims to handle global payouts, microtransactions, remittances and AI agentic payments, Stripe CEO Patrick Collison said.
Tempo is already working with tech firms Anthropic, Deutsche Bank, DoorDash, Nubank, OpenAI, Revolut, and Shopify.
Ethereum community members praised the network’s resilience after a software issue in Paradigm’s Reth execution client failed to affect overall operations. On Sept. 2, Paradigm’s Chief Technology Officer Georgios Konstantopoulos disclosed on X that a bug in Reth’s state root computation had caused multiple nodes to stall. According to discussions on the project’s GitHub page, […]
The post Ethereum’s network robustness shines despite Paradigm’s Reth client hiccup appeared first on CryptoSlate.
Tempo is described as a high-performance, payments-focused layer 1 blockchain compatible with Ethereum.
Tempo is a high-performance, payments-focused blockchain, currently in stealth, reportedly being built in partnership with Paradigm.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Hyperliquid Strategies is expected to hold 12.6 million HYPE tokens and $305 million in cash at closing of the deal.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The exchange, GTE, hopes to emulate levels of latency seen on centralized venues like Binance.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Paradigm has led a $50 million Series A round for decentralized AI startup Nous Research, bringing its token valuation to $1 billion.
The announcement follows recent raises by Utila, Crossmint and Reown as investment in crypto wallet infrastructure gains pace.
The fundraising was completed using PayPal's PYUSD stablecoin and was led by Paradigm.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
ZachXBT's focus will not change and "we just want to support his ability to keep up the good work," Paradigm's Matt Huang said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Phantom said the $150 million funding round accelerates Phantom’s mission to become the world’s biggest consumer finance platform.
Former Paradigm investment partner Casey Caruso’s Topology has been backed by Andreessen Horowitz’s executives, an OpenAI founder and even Paris Hilton.
The latest crypto election poll illustrates — according to its industry sponsor — that single-issue crypto voters exist. That's a point the industry has been seeking to score for months, and its potential ramifications in future Washington policy discussions could run deep.