tempo

According to Fortune, the blockchain project Tempo, supported by Stripe and Paradigm, has launched a "stablecoin consulting" service, providing support for stablecoin adoption to enterprises and financial institutions, including identifying applicable scenarios and dispatching engineers to assist with stablecoin integration.The report states that the American food delivery platform DoorDash is collaborating with Tempo to explore paying delivery personnel with stablecoins; Stripe, Coastal Community Bank, and ARQ are also building stablecoin infrastructure based on Tempo, while Visa, OnePay, Felix, Fifth Third Bank, and Howard Hughes Holdings are integrating their payment services with Tempo.

Ethena stated that it has not yet received a satisfactory root cause analysis of the rsETH incident and will extend the temporary suspension period of the OFT bridge. While this may be frustrating, it is a prudent measure to ensure the safe cross-chain transfer of user assets.Ethena has released a new proof of reserves, verified by independent third-party verification agencies (Chainlink, Chaos Labs, LlamaRisk, and Harris & Trotter), confirming that the collateral support ratio for USDe remains above 100%.

The official announcement from the stablecoin platform Reserve on Ethereum states that they are closely monitoring the attack on the Kelp DAO's LayerZero bridge. Currently, it is assessed that Reserve DTF holders will be almost unaffected. If rsETH on the mainnet is significantly devalued (potentially requiring a 15.5-18.5% depreciation), Aave may incur bad debts, which could in turn affect the USDC collateral in Aave V3.RSR stakers in the Reserve protocol USD3 and eUSD may provide protection as "first loss capital," but the impact is minimal, and the RSR over-collateralization is sufficient to cover it.ETH+ and bsdETH contain no rsETH collateral, posing zero risk. As a precaution, Reserve has temporarily suspended the minting, rebalancing, and RSR unbonding of eUSD and USD3. The redemption function remains open as normal, and if users require RSR over-collateralization protection, it is recommended to continue holding.

The Layer 1 blockchain Tempo, developed jointly by Stripe and Paradigm, has launched a privacy feature called Zones. This is a solution for running permissioned parallel blockchains, specifically designed for enterprise-level use cases that require higher confidentiality, such as payroll, fund management, and payment settlement.It is reported that Zones, as a parallel blockchain connected to the Tempo mainnet, provides a private execution environment where internal transactions remain confidential, but assets and funds are fully interoperable with Tempo L1, other Zones, deposit channels, and liquidity pools. Each Zone is managed by trusted entities such as financial institutions or infrastructure providers, allowing operators to view all activities within their environment and implement access controls, but they do not control the underlying assets.

According to Theblock, institutional payment giants Visa and Stripe, as well as Zodia Custody under Standard Chartered Bank, have become early validators of Tempo.It is reported that Tempo is an Ethereum-compatible Layer 1 built for high-throughput payments and stablecoin settlements. The project is incubated by Stripe and Paradigm and launched on a private testnet in September. At the same time, Tempo also launched a proxy payment protocol aimed at enabling transactions through software proxies.

Web3 wallet Zerion announced on the X platform that it has discovered abnormal activity on the platform, reminding users to temporarily refrain from using the web application services. Related services have been temporarily taken offline, but the iOS and Android applications, as well as the web extension, are safe. User funds within the wallet have not been affected, and the situation is being actively monitored. Users will be notified separately once the web application is restored.

According to CoinDesk, affected by the situation in the Middle East, Binance is offering its employees in the UAE the option to temporarily relocate to Hong Kong, Tokyo, Kuala Lumpur, and Bangkok.A Binance spokesperson stated, "In light of the recent regional tensions, we are providing our employees with the option for temporary relocation as a precautionary measure prioritizing employee welfare, to offer flexibility and support during uncertain times." The spokesperson also mentioned that many employees are currently choosing to stay in the UAE, and the company's operations in the UAE remain normal.It is reported that Binance has about 1,000 employees in the UAE, accounting for 20% of its global workforce, and the company's global operations are also supported from Abu Dhabi. This relocation proposal comes after the signing of a ceasefire agreement. The regional conflict, which lasted for about six weeks, has impacted business activities in the UAE. Since the outbreak of the conflict in late February, the UAE has intercepted hundreds of missiles and drones, with another interception occurring on April 8.The conflict in the Middle East has affected several cryptocurrency and major events in the UAE: the TOKEN2049 Dubai summit has been postponed to 2027, the TON Gateway has been canceled due to safety and travel concerns, the Middle East Energy Dubai Exhibition and the Dubai International Boat Show have been postponed, and the Bahrain and Saudi Arabia F1 events, which have sponsorship exposure value for the crypto industry, are also facing cancellation.

Trump agreed to suspend bombings and attacks on Iran for two weeks. The Iranian Supreme National Security Council issued a statement local time stating that, based on the advice of the Supreme Leader and the approval of the Supreme National Security Council, it accepted the ceasefire proposal put forward by Pakistan. Iran stated that the Iran-U.S. negotiations will begin on the 10th in Islamabad.According to Bitget market data, due to the easing of tensions in the Middle East, Nasdaq futures rose by 2%; WTI crude oil plummeted by 15%, falling below the $100 mark; spot gold rose over 3.2%, currently reported at $4,811 per ounce. Bitcoin rebounded and broke through $72,000, currently reported at $72,460, with a 24-hour increase of 5.52%. CoinGlass data shows that in the past 12 hours, on-chain oil liquidations amounted to $347.5 million, and on-chain Brent crude oil liquidations amounted to $310.2 million, both primarily liquidating long positions.

Tehran has rejected any temporary ceasefire agreement with the United States. Tehran has set preconditions for talks with the United States on "lasting peace." The preconditions include an immediate cessation of attacks, guarantees that attacks will not occur again, and compensation for damages.Under the permanent peace agreement, Tehran demands fees for vessels passing through the Strait of Hormuz, with the fees varying based on the type of vessel, the cargo carried, and the current passage conditions.

The crypto wallet app Phantom experienced a temporary service interruption, affecting token prices and balance displays. The team is actively working to fix the related issues.

According to Jinshi reports, Federal Reserve's Schmid said that we cannot assume that the inflation brought about by rising oil prices is temporary.

According to monitoring by Hyperinsight, the whale starting with 0x664 closed all of its SOL short positions, recording a loss of approximately $160,000, with an average closing price of $84.9.This short position was fully opened after the address deposited about $440,000 into Hyperliquid in the past 2 hours, with an average opening price of $83.5 and a position size of $9.096 million. After the stop-loss closure, the address withdrew the remaining $272,000 from the account completely.

According to monitoring by Hyperinsight, a whale starting with 0x687 has opened a 40x leveraged long position in BTC, with a position size reaching 10 million USD, an average entry price of 68,563 USD, a liquidation price of 62,817 USD, and a current floating profit of 4,000 USD (1.4%).This address has made its ninth attempt to chase the rise in BTC recently, having previously closed a BTC long position 10 hours ago, recording a loss of about 290,000 USD. In addition, this address is still building a long position in ETH, with a size of 1.69 million USD and an average price of 2,067 USD. As of the time of writing, both positions are still being increased.

According to Theblock, the all-chain stablecoin protocol USDT0 has been launched on the payment-oriented public chain Tempo, co-developed by Stripe and Paradigm.It is reported that USDT0 is issued based on the LayerZero Omnichain Fungible Token standard, pegged 1:1 to USDT, and circulates across multiple chains without bridges through a locking + minting/burning mechanism. It has currently been deployed to at least 23 networks, including the Ethereum mainnet, mainstream Layer 2s, Monad, HyperLiquid, as well as Bitcoin scaling networks Corn, Rootstock, and USDT dedicated networks Stable, Plasma, etc.

According to Dailymail, the UK Labour Party has stated that it will implement a "temporary ban" on political groups accepting cryptocurrency donations until a relevant regulatory framework is established to address the risks of foreign interference in elections.This move is seen as potentially directly affecting the funding sources of the Reform Party. Previously, the party led by Nigel Farage had received significant donations from individuals in the cryptocurrency industry. The UK government stated that this measure aims to enhance the transparency of political funding and public trust, while the relevant ban will apply retroactively to cryptocurrency donations made from today onward.

According to Cointelegraph, after Trump announced a temporary easing of tensions with Iran and sought negotiations, Bitcoin briefly rose by 4%, while oil prices subsequently fell by 14% to $85 per barrel for WTI, and the S&P 500 index rose by 3%. However, Bitcoin derivatives data continues to raise doubts, and the market lacks confidence in the $68,000 support level.In the futures market, the annualized premium for Bitcoin's 2-month futures reported 2% on Monday, below the typical range of 4% to 8% corresponding to longer settlement periods under neutral conditions, indicating insufficient demand for long leverage. This lack of confidence has persisted over the past month, even though prices briefly rebounded to around $76,000 previously.In the options market, the $80,000 call option expiring on April 24 on the Deribit trading platform was priced at 0.017 BTC (approximately $1,207), and under the conditions of a 31-day expiration and 48% implied volatility, the market priced the probability of Bitcoin rising to $80,000 during this period at only 20%. Such a low expectation for a 13% increase within the month is rare in the typically optimistic crypto market.The Federal Reserve's stance on pausing interest rate cuts makes it difficult for investors to exit fixed-income positions, and traders are likely to remain cautious until oil prices fall to $75 or below. Unless additional catalysts emerge, the likelihood of Bitcoin traders turning bullish is low, especially in the context of ongoing lack of conviction in on-chain data and derivatives indicators.

According to monitoring by Hyperinsight, the South Korean stock index fell sharply by 6.7% today, triggering a circuit breaker at one point. As a result, EWY (iShares Korea ETF mapping contract) deployed on the Hyperliquid platform by Trade.xyz also plummeted significantly, currently reported at $122.5, with a 24-hour decline of 4.2%.The largest on-chain EWY long position (0x629) was hit hard, with a temporary drawdown of -83%, holding a position size of $5.5 million, an average price of $128.9, and a liquidation price of $117.7, with a liquidation of 4.1%.

According to a report by Jintou, citing Japan's Kyodo News, Iranian Foreign Minister Amir-Abdollahian stated that Iran hopes to completely, comprehensively, and permanently end the war, rather than just a temporary ceasefire.In a phone interview with Kyodo News on the 20th, Amir-Abdollahian said that the attacks by the United States and Israel on Iran are illegal and unjustified acts of aggression, and he hopes the whole world will unite to voice opposition. Several countries have begun to promote a ceasefire, but Iran is only considering a solution that ends the war in one go. Iran does not accept a temporary ceasefire but demands a comprehensive end to the war, including ensuring that Iran is no longer attacked and compensating for the losses Iran has suffered.Amir-Abdollahian also mentioned that he does not believe the United States is prepared for negotiations. The report stated that Amir-Abdollahian expressed the intention to negotiate with Japan and allow Japanese vessels to pass through the energy transport route of the Strait of Hormuz.

According to Jinshi News, Brian Coulton from Fitch Ratings stated that if the rise in oil prices triggered by the Middle East war proves to be temporary, then a rate cut by the Federal Reserve in June is a realistic possibility. The Federal Reserve today maintained interest rates as expected and indicated that more time is needed to assess the impact of the war on inflation. Coulton believes that if there are no persistent signs of inflation, a weakening labor market will reignite concerns about the risk of rising unemployment, thereby prompting a rate cut in June.