In a strategic move signaling its deepening commitment to digital assets, payments behemoth Stripe has acquired the development team from crypto wallet firm Valora. The acquisition, which sees Valora’s builders join Stripe’s ranks to work on its blockchain initiatives, comes just one day after Stripe launched the testnet for its stablecoin-focused blockchain project, Tempo. This dual-action week underscores Stripe’s methodical push to establish a formidable presence in the cryptocurrency and blockchain space, leveraging proven talent to accelerate its ambitions.
about Stripe Acquires Valora Team to Boost Crypto InitiativescLabs
0 in Finance and 0 in Crypto last weekCelo Launches Isthmus Hardfork with Ethereum Upgrades
Celo’s Isthmus hardfork, launching on July 9th, 2025, marks a significant milestone by incorporating Ethereum EIPs and OP Stack improvements, including EigenDA v2 for better data handling. The upgrade reduces block times to 1 second and enables native cross-chain bridging without third parties. Additionally, it introduces gas optimizations and supports Bando wallet integrations in over 110 countries. Node operators must update their software to avoid disruptions, while exchanges will temporarily suspend CELO deposits and withdrawals. The CELO token has surged 8.46% amid the upgrade hype.
about Celo Launches Isthmus Hardfork with Ethereum UpgradesMarek Olszewski: Shaping Mobile-First Blockchain & ReFi
Marek Olszewski, a former VP of Engineering at GoDaddy, co-founded Celo to create a mobile-first blockchain for financial inclusion, particularly in underserved regions. In 2023, he led Celo’s transition from a standalone Layer 1 blockchain to an Ethereum Layer 2 solution, leveraging Ethereum’s security and scalability while maintaining low fees. A vocal advocate for ReFi, Marek integrates blockchain with climate action, using financial incentives to drive real-world environmental impact. Recently appointed CEO of cLabs, Celo’s development arm, he balances tech leadership with personal milestones, like becoming a father. Marek’s vision centers on making digital money accessible to all, not just the tech-savvy elite.
about Marek Olszewski: Shaping Mobile-First Blockchain & ReFi