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). 

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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. 

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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 XRP community has been paying close attention to Ripple’s Chief Technology Officer, David Schwartz, as he continues to share details about his latest project. Based on a recent post on X, Schwartz signaled a development that could soon move beyond testing and into production. To accompany his update, he shared performance charts that provide a glimpse into how the system has been running in the past few days.

Ripple CTO Prepares XRPL Hub For Production

David Schwartz revealed on the social media platform X that the XRPL Hub server he has been testing is close to being ready for production. Schwartz explained that the past three days of performance have been encouraging, and stability levels are now high enough for the hub to be considered for wider rollout next week. 

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 Schwartz had previously revealed his plans to create a high-performance hub that sets aside special connection slots for UNL validators, important nodes, and servers that run XRPL-based applications. The hub is designed to strengthen XRPL’s connectivity by improving reliability for peers and validators, while also providing developers with a consistent gateway into the network.

In his update, Schwartz noted that the server has been stable since its restart five days ago. According to the metrics he shared, the hub has been maintaining a peer count that has steadily increased from around 300 connections earlier in the week to over 357 peers at the most recent check. This consistency indicates that the server is successfully handling traffic across the XRPL ecosystem.

What’s Next For The Hub?

Schwartz noted that the system had shown strong performance over the last three days, enough for him to consider transitioning it into production as early as next week. However, the monitoring data showed occasional latency spikes, which Schwartz linked to higher outbound bandwidth usage. These spikes did not occur every time bandwidth rose, and this makes the pattern somewhat puzzling but not alarming. 

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On the other hand, latency stayed well below levels that would impact real-world performance, with the 10% latency line never exceeding 33 milliseconds since the restart. The broader latency averages are comfortably within acceptable ranges. 

Even at peaks, the bandwidth usage is within safe capacity. Peer disconnections, which saw spikes earlier in the week, have since normalized to an average around 17 per interval. Together, these metrics underline that the system is stable and capable of supporting a wider role within the XRPL ecosystem as Schwartz prepares for the next stage.

Reactions to Schwartz’s update on X show that the XRPL community is closely tracking the hub’s development, and many XRP enthusiasts have welcomed the prospect of a production-ready rollout. If all goes well, Schwartz should be able to give a definitive update regarding production next week. Schwartz had clarified that this hub is a personal project he has been building independently, separate from his work as CTO at Ripple.

Featured image from Getty Images, chart from Tradingview.com

A Snapdragon 8 Elite handheld would have worse driver support and thermals.

Anthony Pompliano, a venture investor and the CEO of ProCap, visited CNBC’s Squawk Box to talk about Bitcoin and its current position in the market, also mentioning altcoins, and stablecoins.

Pompliano (often referred to as “Pomp”) believes that at some point in the near future the US government is going to start buying Bitcoin.

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Bitcoin has established itself as the king of the market: Pompliano

First of all, when Joe Kernen, the CNBC host, asked Pompliano about not only Bitcoin, but also Ethereum getting a lot of attention and inflows recently, Pomp stated that Bitcoin has established itself as the king of the market, and it is unlikely to change any time soon.

“Actually,” he said, “most Wall Street’s time and attention is on Bitcoin,” and not Ethereum or any other large-cap altcoin. Pompliano pointed out that even though Ethereum and Solana have also been receiving some inflows recently, however, they have not established new all-time highs, unlike BTC. Therefore, Bitcoin has broken away from the rest of the cryptocurrency market. He admitted that in the futur,e some other cryptos can also reach new price peaks, but so far, he said, Bitcoin continues to dominate the market in terms of the market cap growth, inflows, and overall investor attention.

Responding to another question about stablecoins, since there has been a lot of talk about them recently, Pomp said that these assets cannot go any further than just $1. They can grow in market cap in terms of more people using them but he pointed out, they will hardly rely on them in terms of financial performance, unlike with BTC.

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US government to start acquiring Bitcoin at some point, Pomp says

Pomp’s statement about him expecting the US government was made as an answer to a question as to what the next big thing to move the Bitcoin price higher from where it is now will be. So, the US government announcing they are buying BTC for the Strategic Bitcoin Reserve would be one of those, per Pomp. He referred to this as “the main dish.”

The second thing here is that the last Wall Street companies that have been hesitating whether to buy BTC or not, will capitulate. The third driver would be that people who are “cautiously optimistic” about BTC would transition to being “optimistic.”

We are pleased to announce the launch of Kraken Derivatives US, offered by regulated US derivatives. The launch will provide direct access to crypto futures listed in the CME through the integrated Kraken Pro trading experience.

With Kraken Derivatives US, our clients will be able to provide a set of crypto futures along with our extensive spot market offerings, and immediately funding allows for seamless transfer of collateral. This integration provides clients with a unified interface for deploying sophisticated strategies and managing risk efficiently. This is all from within a regulated environment supported by industry-leading infrastructure.

“The launch allows US Kraken clients to exchange futures alongside one of the world’s most liquid cryptocurrency spot markets,” said Shannon Kurtas, Kraken’s exchange director. “This is a meaningful step to give traders access to a wide range of markets and increased capital efficiency within a regulated, high-performance environment.”

Today’s launch marks a major milestone with a broader vision of building a comprehensive multi-asset trading platform. In April, it introduced fee-free stock trading in the US, providing access to over 11,000 shares and ETFs with 24-hour availability. We also recently announced that we will offer tokenized stocks.

Kurtas continues. “Kraken Derivatives will further enhance a unified trading experience that allows you to access digital and traditional assets side by side without compromising functionality, performance and liquidity.”

Kraken Derivatives US’s debut follows the acquisition of Ninjatrader, a leading US retail futures platform. Later this year, we plan to expand our offering to include commodities, bonds, forex and equity futures, further strengthening our position as a unified venue for digital and traditional asset classes.

Author

Julia Smith

Author

Julia Smith

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Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

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July 11, 2025

Ranking member of the House Financial Services Committee Maxine Waters (D-CA) Congressman Stephen Lynch (D-MA) announced July 11 that next week will be known as “Anti-Crypto Corruption Week” on Captiol Hill.

Democrats Push Back On GOP Crypto Week

According to the Friday notice posted on the House Financial Services Committee’s website, Democratic lawmakers will be pushing against the Republican Party’s planned “Crypto Week” in opposition to their political opponents’ mobilization to pass crypto legislation.

Specifically, Waters and Lynch called out both the CLARITY Act and the GENIUS Act by name in the notice, going so far as to call the proposed rulemaking “dangerous pieces of crypto legislation.”

The two U.S. lawmakers also took aim at U.S. President Donald Trump’s crypto ventures, claiming his dive into the world of digital assets is merely a part of his “evil and corrupt crypto empire.”

“Aside from lacking urgently needed consumer protections and national security guardrails, these bills would make Congress complicit in Trump’s unprecedented crypto scam – one that has personally enriched himself, his entire family, and the billionaire insiders in his cabinet, all while defrauding investors,” Waters said.

Donald Trump’s Digital Asset Ventures Questioned

Trump has garnered increased scrutiny in recent months over his affiliation with novel crypto platform, World Liberty Financial, over their new USD1 stablecoin as well as his the launch of his namesake memecoin $TRUMP.

Critics of Trump’s ties to the blockchain sector allege that his Trump-affiliated cryptocurrencies may pose ethics concerns as anyone – including those involved in foreign governments – may purchase and hold the coins.

“My Republican colleagues are eager to continue doing the bidding for the crypto industry while conveniently ignoring the vulnerabilities and opportunities for abuse that exist in crypto – especially given President Trump’s acceptance of billions of dollars in investment in his family crypto business from foreign governments and his blatant conflicts of interest,” said Congressman Lynch.

boot June 27th 12:00 UTCI’m introducing it New manufacturer fee incentive structure Selected number of low-liquid spot pairs. This is part of an ongoing effort to improve market structure, promote tougher spreads, and deepen purchase order liquidity where it is most needed.

What has changed?

• Eligible pairs I’ll follow this Competitive rebate-driven fee schedule For manufacturers.
• Manufacturer fees are significantly reduced in all volume tiers in the selected pair, and rebates are offered at the top tiers.
• Taker fees remain the same for all classes.
  
• This structure applies Just to select a spot pair – Choose based on liquidity.All other spot pairs will continue under a standard rate schedule.
  

The goal is simple. Supports deeper markets and tougher spreads through targeted liquidity incentives in recent lower-performing pairs. All traders will automatically benefit from improved manufacturer fee structure based on their 30-day rolling volume. No other actions are required.

New manufacturer fee schedule for eligible pairs

This manufacturer fee schedule applies only to selected spot pairs.

A complete list of colligtible eligible pairs is available here.

What remains the same?

• Taker fees have not changed All pairs and All layers.
• Manufacturer and Taker Fees Unqualified pair It has not been affected.
• Standard rate schedules remain in effect for most of your trading activities.

Reevaluate pair eligibility, fee levels and liquidity incentive structures monthly, as needed, to reflect shifting liquidity dynamics. As always, our aim is to support a more efficient market, perform better, and provide a better experience for all active traders.

If you have any questions, please contact our Support/Relationship Manager or visit our Support Center for more information.

Lion Group Holding Ltd. (LGHL) and Eyenovia Inc. unveiled separate major financing moves this week to launch cryptocurrency treasury strategies centered on Hyperliquid’s HYPE token.

LGHL announced it has secured a $600 million facility to launch the first and largest HYPE treasury in Asia. The Singapore-based trading and financial services firm also revealed intentions to include Solana (SOL) and Sui (SUI) in the reserve as secondary reserve assets.

Custody and staking will be managed by BitGo Trust Company.

As part of its expansion, LGHL plans to evaluate secondary listings on the Tokyo Stock Exchange and Singapore Exchange to broaden its reach. CEO Wilson Wang said the move reflects the company’s conviction that decentralized on-chain execution is the future of trading.

Wang said in a statement:

“We view protocols like HYPE, with delegated sequencing, as foundational to building scalable DeFi systems.”

Meanwhile, Eyenovia announced a $50 million private placement to build a reserve of HYPE, positioning itself as the first U.S.-listed company to add the crypto to its treasury.

The ophthalmic technology firm expects the transaction to yield about $150 million if warrants are fully exercised. The funding agreement enables Eyenovia to acquire over 1 million HYPE and participate as a top validator for the Hyperliquid network.

Eyenovia CEO Michael Rowe said:

“We are pleased to join the growing number of companies who have adopted similar strategies for diversification, liquidity and long-term capital appreciation potential that cryptocurrency represents.”

The company appointed Hyunsu Jung as Chief Investment Officer to oversee the treasury initiative.

Both announcements come amid broader adoption of major Layer-1 cryptos as treasury reserves by public companies seeking digital asset diversification and yield generation.

Eyenovia expects its private placement to close around June 20, pending customary approvals. LGHL did not specify a timeline but said its initiative marks the relaunch of its crypto operations after prior restructuring.

The post Two public firms announce plans to adopt HYPE as primary reserve asset for treasury appeared first on CryptoSlate.