Stripe-backed Tempo makes first venture bet with $25 million investment in open-source dev team Commonware
Tempo, backed by Paradigm and Stripe, will adopt the Commonware Library and become a core contributor to its ongoing development. Source link
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Synthetic stablecoin USDX depegs below $0.60, PancakeSwap and Lista monitoring the situation
USDX, which had an all-time circulating supply of $683 million, is trading below $0.60, raising concerns of potential defaults. Source link
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Jack Dorsey’s Block sees nearly $2 billion in bitcoin revenue in Q3, nearly 1/3 of its total revenues
Block’s bitcoin revenue accounted for about $1.97 billion of its total revenue, down from $2.4 billion during the same quarter last year. Source link
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Elixir sunsets deUSD synthetic stablecoin following Stream Finance unwinding, aims for full redemptions
Elixir says it processed redemptions for 80% of deUSD holders, and has snapshotted the remaining balances for future USDC redemptions. Source link
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Robot Ventures leads $5.2 million seed round for Sprinter, a ‘solving-as-a-service’ startup founded by Ethereum OGs
Sprinter is a crosschain “solving-as-a-service” infrastructure startup that provides access to collateral-free credit. Source link
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Robinhood’s Q3 trading revenue jumps 129% YoY, ‘primarily driven by cryptocurrency revenue’
Robinhood’s crypto revenue was up over 300% in Q3 to $268 million, helping to drive higher overall revenues of $1.27 billion. Source link
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CMT Digital raises $136 million for fourth crypto VC fund, falling short of $150 million target
The Chicago-based offshoot of CMT Group began raising capital for its fourth crypto fund in mid-2024, targeting $150 million. Source link
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Iggy Azalea joins new Solana-based ‘celebrity coin’ launchpad Thrust as creative director, plans to migrate MOTHER token
Iggy Azalea is migrating her MOTHER memecoin to Thrust, a new Solana-based token launchpad attempting to eliminate pump-and-dumps. Source link
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Hut 8 joins rank of top 10 largest public bitcoin holders with over 13,000 BTC
The bitcoin miner posted its quarterly report on Tuesday, showing its BTC stockpile grew by over 50% from Q3 2024. Source link
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Bitcoin teeters near $100,000, ether turns negative for the year amid crypto pullback
Bitcoin hit a daily low of $100,050 while the largest smart contract platforms Ethereum, BNB Chain, and Solana are down over 7%. Source link