Crypto Pills

Tempo, a new blockchain initiative backed by Stripe, raises $500 million in fresh financing, setting a valuation of $5 billion. The funding round establishes the Stripe-supported network at a multibillion-dollar price tag and sets the stage for further development and rollout of the Tempo blockchain.

Huobi founder Li Lin will lead a $1 billion Ether treasury firm backed by prominent Asian crypto pioneers. The move places a well-known exchange founder at the helm of a large-scale ETH treasury initiative centered on managing significant Ether reserves.

Florida advances a $218 billion pension bill that would classify Bitcoin as a state asset. The measure creates a pathway for BTC exposure within the state’s pension framework if enacted, potentially integrating Bitcoin into a large public investment system.

Bitcoin exchange-traded funds record $1.2 billion in net outflows during a down week for crypto markets. Despite the red week, Schwab maintains a bullish outlook on Bitcoin and the ETF segment, signaling continued institutional interest even amid short-term withdrawals.