New Layer-1 Network Opens to Developers With Tools for Stablecoin Creation and Real-Time Payments Tempo the stablecoin-focused blockchain developed by Stripe and Paradigm—has officially released its public testnet, marking a major step toward the launch of its full layer-1 network. The open-source testnet allows anyone to run a node, sync the chain and begin experimenting with Tempo’s payment-driven architecture. In its announcement, the team said the rollout begins a phase centered on scalability, reliability and developer integration. Over the coming months, Tempo plans to onboard additional infrastructure partners, expand tooling and stress-test real-world payment throughput. The testnet currently supports six…
Author: Blockto Team
Asset Manager Plans Major BTC Purchases as Corporate Crypto Adoption Accelerates Strive, the publicly traded asset manager co-founded in 2022 by entrepreneur Vivek Ramaswamy, has unveiled a $500 million preferred stock offering aimed at significantly expanding its Bitcoin acquisition strategy. The company said it will use proceeds for general corporate purposes, including the purchase of Bitcoin and Bitcoin-related products, as well as additional incomegenerating assets to support business growth. The move underscores the accelerating trend of public companies leveraging capital markets to accumulate Bitcoin, following a model first established by large coorporate treasuries. Strive has rapidly emerged as a major…
New Bitcoin-Focused Public Company Faces Investor Skepticism Over Undefined Business Model Twenty One Capital, one of the most anticipated crypto-linked public listings of the year, saw its shares drop nearly 20% on the first day of trading following its merger with Cantor Equity Partners’ SPAC. The company opened at $10.74 slipping below the SPAC’s previous closing price and ended its debut session at $11.42, before inching up slightly in after hours trading. The firm enters the market with more than 43,500 Bitcoin, valued at over $4 billion, placing it among the largest corporate Bitcoin holders globally. Backed by major players…
US Tokenized Securities Market Strengthens as Securitize Adds New Leadership Securitize has intensified its focus on the growing US tokenization market, appointing former PayPal executive Jerome Roche as its new general counsel. The move comes as the company accelerates efforts to scale regulated tokenized securities for American investors and builds on new regulatory approvals in Europe. The platform highlighted that its tokenized equity products are already accessible to US investors, countering the widespread belief that most tokenized securities must be issued overseas. Securitize maintains that operating within the US regulatory perimeter is both viable and scalable. In a statement, the…
Hong Kong Moves to Align Crypto Tax Rules with Global Standards Hong Kong has initiated a public consultation on adopting the international Crypto-Asset Reporting Framework (CARF), signaling its intent to enhance crypto tax transparency and curb cross-border tax evasion. The consultation also seeks feedback on potential updates to the city’s broader tax reporting standards. Since 2018, Hong Kong has participated in annual exchanges of financial account information with partner jurisdictions. The adoption of CARF would expand this framework specifically to crypto-assets, allowing authorities to track and share relevant tax data internationally. According to the government, integrating CARF would underscore Hong…
Bitcoin Miner Extends Debt Maturities and Reduces Coupon Burden IREN, a leading bitcoin mining company, has completed a significant refinancing and debt restructuring effort, raising $2.3 billion through a convertible senior notes offering while repurchasing $544.3 million of existing debt. These strategic moves aim to strengthen the balance sheet, reduce interest expenses, and support long-term growth. Convertible Notes Issuance and Terms The new issuance includes $1 billion of 0.25% notes due 2032, $1 billion of 1% notes due 2033, and a $300 million greenshoe to meet strong investor demand. The transactions generated approximately $2.27 billion in net proceeds, providing capital…
Bitcoin’s recent climb above the $93,000 level has intensified trader speculation, as price action inches toward a decisive test of the $94,000 previous high. Market structure shows tightening consolidation beneath a key resistance , hinting that momentum may be building for a larger directional move. Rising Momentum Toward a Major Break Level Over the past several sessions, Bitcoin has stabilized after a prolonged downswing, forming a series of higher lows that signal strengthening demand. The market highlights a dense liquidity pocket around $93,000–$94,000, an area where sellers previously defended strongly. A clean break above this zone would represent a shift…
New Ringgit Stablecoin Targets Asia-Pacific Payments as Digital Asset Treasury Strategy Expands Malaysia has taken a major step into the regional digital asset economy with the launch of RMJDT, a new ringgit-backed stablecoin issued on the Zetrix blockchain. The initiative is led by Ismail Ibrahim, the crown prince and eldest son of Malaysia’s king, through his telecom firm Bullish Aim. The stablecoin is designed to support payments and cross-border settlement across the Asia-Pacific region, strengthening the international use of Malaysia’s currency. RMJDT is being introduced under Malaysia’s regulated sandbox overseen by the Securities Commission and Bank Negara Malaysia. The framework…
The outlook for digital assets is entering a new phase of long-term optimism. Recent industry commentary suggests that the next decade could bring 10–20x growth across the crypto ecosystem, driven by rising adoption of tokenization bitcoin and stablecoins, along with a broader shift toward onchain financial infrastructure. Massive Upside as Markets Move Onchain A key pillar of this outlook comes from the expectation that U.S. equities will increasingly migrate to blockchain-based rails. Current estimates place traditional U.S. stock market value at about $68 trillion, compared with only around $670 million in tokenized equities today. The sharp contrast underscores the early…
Stronger-than-expected demand for workers signals ongoing resilience in the job market The latest release of the JOLTS Job Openings data shows that demand for U.S. labor remained unexpectedly firm, with actual openings rising to 7.67 million, surpassing the forecast of 7.14 million and edging above the previous reading of 7.66 million. The newest Job Openings and Labor Turnover Survey provides an important snapshot of labor demand across the country. Despite signs of cooling in other areas of the economy, employers continue to post a significant number of vacancies. The stronger-thanexpected figure offers a fresh signal that hiring needs remain elevated,…