Tempo Raises $500M, Hires Ethereum Developer Dankrad Feist

️ On today's Top Picks:

Crypto News

• ⭐️ Tempo reportedly raises $500M in Series A funding at $5B valuation; led by Thrive Capital & Greenoaks; Tempo is a Layer 1 blockchain incubated by Stripe & Paradigm.

• Dankrad Feist, an Ethereum $ETH core developer, joins Tempo; Tempo is a Layer 1 blockchain incubated by Stripe & Paradigm.

• Tether open-sources its Wallet Development Kit, a "development toolkit designed to empower humans, machines, & AI agents to build, deploy, & utilize secure, multi-chain, self-custodial wallets."

• Huobi founder & Avenir Capital chairman Li Lin, Fenbushi Capital founder Shen Bo, HashKey Group CEO Xiao Feng, & others collaborate to launch $1B Ethereum $ETH treasury firm.

• ⭐️ Ripple $XRP reportedly leads $1B raise for XRP treasury; fundraise is set to be made via a SPAC, with Ripple contributing its own XRP.

• Ripple $XRP acquires GTreasury, a treasury management firm, for $1B; aims to help customers move, manage, & optimize liquidity in real-time.

• BNY CEO Robin Vince mentions OpenEden $EDEN during its Q3 earnings call; highlighted BNY’s appointment as the investment manager & primary custodian for the underlying assets of OpenEden’s TBILL fund.

• Arthur Hayes’ Maelstrom to raise upwards of $250M; to use funds to acquire as many as six medium-sized crypto firms.

• Figment acquires Rated, a staking & validator analytics company, for an undisclosed amount; Figment co-founder Andrew Cronk hints at more upcoming acquisitions.

Alpha

• ⭐️ MegaETH buys back 4.75% equity & token warrants from pre-seed investors; to launch public token sale, registration open until October 27th.

• OpenSea unlocks Wave 1 Treasure Chests; contains NFTs, tokens, and/or treasures; Treasures to be meaningfully considered by the OpenSea Foundation at $SEA TGE.

• Rainbow teases new collectible app icon; app icons to potentially be a criteria/multiplier for upcoming $RNBW airdrop.

• Uniswap $UNI launches support for Solana $SOL; swap powered by Jupiter $JUP; to launch full Uniswap Wallet support soon.

• Jupiter $JUP launches Ultra V3, the "most advanced end to end trading engine ever created"; offers better sandwich protection, better performance, & lower fees.

• ICYMI Airdrops, Checkers, & Points (October 13th) by Olimpio.

• ICYMI Gitcoin launches GG24 on Giveth; live from October 14th to October 28th.

Airdrops

• Airdrops, Checkers, & Points by Olimpio.

• ⭐️ OpenSea to launch $SEA TGE & airdrop in Q1 2026; 50% of token supply is allocated to the community.

• ICYMI Monad launches $MON airdrop claim (registration) portal; 5.5K community members & 220K onchain users are eligible; closes on November 3rd.

• Echo users who have invested in at least 1 deal are eligible for the Monad $MON airdrop; Monad airdrop registration closes on November 3rd.

• Meteora launches $MET airdrop eligibility & allocation checker; Meteora Points holders, Jupiter $JUP stakers, & more are eligible; claim on October 23rd.

• Binance launches Zerobase $ZBT HODLer airdrop; $BNB Simple Earn and/or BNB On-Chain Yields subscribers from October 11th to October 13th are eligible.

• ICYMI Recall launches $RECALL airdrop claim; Recall power users, crypto AI builders, crypto AI explorers, & more are eligible.

Finance News

• US President Trump says "No" when asked if 100% tariff on China will stand; to meet Chinese President Xi Jinping in two weeks.

• Gold $XAU reaches new all-time high of ~$4,300; becomes first asset in history to surpass a $30T market cap.

• BlackRock $BLK to launch GENIUS-compliant money market fund; to streamline reserves custody for stablecoin issuers.

• Coinbase $COIN Business launches Global Payouts & Payment Links; enables businesses to send & receive USDC with low fees, instant settlement, and global reach.

• Bitfarms $BITF upsizes convertible notes offering to $500M; to use proceeds for general corporate purposes & capped call transactions to offset potential share dilution.

• Zeta Network Group $ZNB raises $231M via private placement to launch Bitcoin $BTC treasury; funded in BTC or SolvBTC.

• SharpLink $SBET raises $76.5M via equity offering; to use funds to buy more Ethereum $ETH; currently holds 742,673 ETH (~$2.8B).

• Forward Industries $FORD acquires more Solana $SOL; now holds 6.87M SOL (~$1.3B).

• DeFi Dev Corp $DFDV buys an additional 86,307 Solana $SOL (~$15.5M) at ~$110 per SOL; now holds 2,195,926 SOL (~$394M).

• Caliber $CWD buys an additional 94,903 ChainLink $LINK (~$1.6M) at ~$21 per LINK; now holds 562,535 LINK (~$9.4M).

• Bank of England plans to introduce stablecoin regulations by the end of 2026; proposed framework to take cues from US rules.

• Japan's three largest banks, Mitsubishi UFJ $8306.T, Sumitomo Mitsui $8316.T & Mizuho $8411.T, to jointly issue stablecoin; to initially issue a yen-pegged coin & potentially a dollar-pegged coin in the future.

Security and Exploits

• ⭐️ DPRK Hackers use EtherHiding to hide malware on the blockchain; uses smart contracts to host & deliver malware in social engineering campaigns that steal crypto.

• Solana $SOL Foundation launches new security bounty program for Anchor; offering rewards of up to $100K for vulnerabilities that affect production code.

• ICYMI Microsoft $MSFT releases Windows security updates patching 175 security vulnerabilities; includes 2 zero-day flaws that are being actively exploited in the wild.

• ICYMI Microsoft $MSFT Windows 10 reaches end of support; to no longer receive patches for newly discovered security vulnerabilities; users can enroll in the Extended Security Updates program.

Token Unlocks

• deBridge $DBR / ~$20M / OCT 17th
• zkSync $ZK / ~$6M / OCT 17th
• Wormhole $W / ~$4M / OCT 17th
• ApeCoin $APE / ~$6M / OCT 17th
• LayerZero $ZRO / ~$44M / OCT 20th
• Kaito $KAITO / ~$9M / OCT 20th
• Scroll $SCR / ~$14M / OCT 22nd
Sourced from Tokenomist

Funding

• Daylight raises $75M in funding: $15M in Equity Financing led by Framework Ventures & $60M in Project Development Facility from Turtle Hill Capital.

• Jito $JTO raises $50M in Strategic Private Token Sale from a16z Crypto.

• DSRV raises ₩30B (~$21M) in Series B funding from several investors.

• Orochi Network raises $8M in funding from several investors.

• Temple raises $5M in Seed funding led by Paper Ventures.

• Ryder raises $3.2M in Seed funding led by Draper Associates.

• Voyage raises $3M in Pre-Seed funding from several investors.

• Dare Market raises $2M in funding led by Karatage & Paper Ventures.

• Legend Trade raises $1.5M in Pre-Seed funding from several investors.

The Degen Farmer