Cybercriminals are exploiting a recent data breach at Ledger’s e-commerce partner Global-e by launching a sophisticated phishing campaign. The scam falsely announces a merger between hardware wallet giants Ledger and Trezor to trick users into surrendering their recovery phrases. This incident highlights ongoing security challenges in the cryptocurrency storage industry and marks another security setback for Ledger, which has faced multiple breaches since 2020.
about Ledger-Trezor Fake Merger Phishing Scam Targets Crypto UsersShopify
0 in Finance and 0 in Crypto last weekStripe’s Tempo Blockchain Testnet Launches with Major Partners
Stripe and Paradigm have launched the public testnet for Tempo, a payments-focused blockchain designed with input from major global firms. The network introduces dedicated payment lanes and stablecoin-native gas fees to streamline financial transactions. Early partners include Mastercard, UBS, and Klarna, signaling strong institutional interest.
about Stripe's Tempo Blockchain Testnet Launches with Major PartnersStripe, Paradigm Build Tempo Blockchain for Payments
Payments giant Stripe is collaborating with crypto venture firm Paradigm to develop Tempo, a new layer-1 blockchain specifically engineered for stablecoin payments. Currently operating on a private testnet with design input from global leaders including OpenAI, Shopify, and Visa, Tempo aims to transform digital payments with unprecedented throughput of 100,000 transactions per second and specialized features tailored for real-world financial applications. The initiative arrives as the stablecoin market surpasses $300 billion and gains regulatory clarity through the GENIUS Act, positioning Tempo at the forefront of institutional crypto adoption.
about Stripe, Paradigm Build Tempo Blockchain for PaymentsNew Leveraged ETFs for Shopify & Lockheed Martin Trading
Direxion has expanded its ETF lineup with four new single-stock leveraged and inverse products targeting Shopify and Lockheed Martin, providing traders with amplified exposure to daily price movements in both directions. These instruments offer tactical investors sophisticated tools for expressing bullish or bearish views on these prominent companies across the retail technology and defense sectors, reflecting the growing demand for single-stock ETF strategies in the United States market.
about New Leveraged ETFs for Shopify & Lockheed Martin TradingOpenAI Faces Backlash Over Shopping, Video AI Expansion
OpenAI is confronting significant criticism following the launch of two major commercial initiatives that critics say mark a departure from its research-focused mission. The company unveiled ChatGPT-powered instant shopping with Shopify and Etsy alongside Sora 2, a TikTok-like app for AI-generated videos. Both moves have sparked concerns about market control, environmental costs, and the quality of AI-generated content.
about OpenAI Faces Backlash Over Shopping, Video AI ExpansionOpenAI’s Instant Checkout Boosts Etsy & Shopify Stocks
OpenAI’s groundbreaking Instant Checkout feature is revolutionizing e-commerce by enabling direct purchases within ChatGPT conversations, sending shares of Etsy and Shopify soaring as investors recognize the transformative potential of conversational commerce. The seamless integration allows users to discover and buy products without leaving the chat interface, creating new revenue streams for OpenAI while driving significant stock gains for its e-commerce partners.
about OpenAI's Instant Checkout Boosts Etsy & Shopify StocksMeme Traders Dump Opendoor for Better Homes Stock Surge
The fickle world of meme stock trading has witnessed a dramatic rotation, with Better Home & Finance Holding (BETR) erupting in a two-day surge of approximately 80% after a bullish comparison from hedge fund manager Eric Jackson. This explosive move came at the direct expense of the previous market darling, Opendoor Technologies (OPEN), which saw its shares tumble as traders abandoned ship. The pattern is a familiar one: a catchy soundbite from a notable figure triggers a speculative stampede, temporarily divorcing a stock’s price from its underlying business fundamentals.
about Meme Traders Dump Opendoor for Better Homes Stock SurgeCoinbase Launches x402 Bazaar for AI Micropayments
Coinbase’s x402 Bazaar introduces a machine-readable catalog of services that accept pay-per-request USDC payments, specifically designed for AI agents and developers. The system revives the HTTP 402 ‘Payment Required’ status code with a signed payment payload flow, settling through Coinbase’s hosted facilitator with zero fees for USDC on Base. With 200-millisecond preconfirmations via Base’s Flashblocks feature, the platform enables practical micropayments as low as $0.0002 per call. The initiative emerges amid favorable regulatory developments, including the recent GENIUS Act in the US and MiCA regulations in Europe, while stablecoin market capitalization has doubled to $280 billion in 18 months. The platform could potentially scale to $1 million in daily payment volume at high adoption levels.
about Coinbase Launches x402 Bazaar for AI MicropaymentsStripe & Paradigm Launch Tempo: Stablecoin L1 Blockchain
Stripe and Paradigm are collaborating on Tempo, a Layer-1 blockchain designed specifically for stablecoin-based transactions, targeting global payments, remittances, and microtransactions. Unlike typical blockchains, Tempo will not have a native token but will use stablecoins for gas fees, potentially lowering barriers for mainstream users. The project benefits from Stripe’s extensive non-crypto client base and support from partners like Anthropic, OpenAI, and Shopify. Launching amid favorable U.S. crypto policies, including the recent GENIUS Act, Tempo aims to capitalize on stablecoins’ efficiency over traditional systems like SWIFT, though regulatory uncertainties remain a challenge.
about Stripe & Paradigm Launch Tempo: Stablecoin L1 BlockchainStripe & Paradigm Launch Tempo: Stablecoin-Focused L1 Blockchain
Tempo is a new Ethereum Virtual Machine-compatible layer-1 blockchain specifically designed for stablecoin payments and global transactions. Developed through a collaboration between Stripe and Paradigm, the network promises high throughput (100,000+ TPS), low fees, and privacy features that allow users to conceal certain transaction details. Key innovations include the ability to pay transaction fees in any stablecoin via an automated market maker and a focus on real-world use cases like payroll, remittances, and e-commerce. The network is currently in private testnet with design partners also serving as validators, though it plans to transition to a permissionless model. This announcement positions Tempo as a competitor to similar initiatives from Google and Circle, reflecting the growing convergence of crypto and traditional finance.
about Stripe & Paradigm Launch Tempo: Stablecoin-Focused L1 BlockchainCoinbase Shares Drop 11% After Q2 Revenue Miss
Coinbase reported a sharp decline in Q2 revenue, missing expectations with $1.5 billion in total revenue—a 26% drop from the previous quarter. Transaction revenue fell 39%, while subscription and services revenue dipped 6%. Despite cost-cutting efforts, operating expenses rose 15%, partly due to a $307 million data breach impact. Adjusted net income was just $33 million, overshadowed by unrealized gains from investments. Trading volumes underperformed the broader crypto market, with consumer and institutional segments both seeing steep declines. Pre-market trading reflected investor disappointment, with shares dropping 11%. Meanwhile, Coinbase is pushing forward with product innovation, rebranding its Wallet as the Base app—a crypto-focused ‘everything app’ integrating trading, social media, and payments.
about Coinbase Shares Drop 11% After Q2 Revenue MissUS Stablecoin Law Sparks Financial Revolution: Coinbase CEO
Coinbase CEO Brian Armstrong has declared the signing of the GENIUS Act, a stablecoin regulation bill, as the start of a transformative financial era in the US. The law mandates that stablecoins must be fully backed by liquid assets like cash or short-term Treasuries, ensuring stability and trust. Armstrong highlights the potential for fast, cheap, and global payments, predicting widespread adoption by Fortune 500 companies. Coinbase has already integrated with Shopify, and major retailers like Walmart and Amazon are exploring stablecoin payments. This regulatory clarity expands Coinbase’s market opportunities, positioning it as a key player in the future of digital finance.
about US Stablecoin Law Sparks Financial Revolution: Coinbase CEO