Tempo, a stablecoin-focused blockchain backed by Stripe and Paradigm, raised $500 million in a Series A round valuing the project at $5 billion. The funding was led by Thrive Capital and Greenoaks, with participation from Sequoia, Ribbit Capital, and SV Angel. Neither Stripe nor Paradigm invested new capital in this round, according to sources familiar with the matter. The platform is designed for stablecoin transactions and has OpenAI, Shopify, and Visa among its design partners.

British Columbia intends to permanently prohibit new crypto mining projects from connecting to BC Hydro, prioritizing electricity allocation for job-creating industries. The move follows a 2022 moratorium and aims to ensure clean energy supports sectors like mining, natural gas, and low-emission LNG.

X has launched a new handle marketplace for Premium subscribers to claim inactive usernames, with rare handles priced up to seven figures. Priority handles are free but require active subscriptions, while rare ones range from $2,500 to over $1 million. The move aims to monetize digital real estate amid declining ad revenue, according to X.

Coinbase acquired crypto trader Cobie's Up Only NFT for $25 million in USDC, activating a clause requiring eight new podcast episodes. CEO Brian Armstrong confirmed the purchase and announced the return of Up Only TV.

Ethereum co-founder Joseph Lubin acknowledged that venture capitalists aim to extract maximum value from the ecosystem but remain essential for directing global capital into crypto. He stated that onchain investment platforms will eventually replace traditional VCs as the industry matures, according to a post he made on X.

Europol has dismantled a cybercrime network responsible for over 49 million fake accounts used in cryptocurrency and e-commerce fraud. The operation took place on October 10, 2025, in Latvia with support from Eurojust. Seven suspects were arrested and SIM infrastructure was seized. The group operated a SIM farm-for-hire service under the name 'SIMCARTEL'.

CleanSpark, a major U.S. publicly traded Bitcoin miner, appointed Jeffrey Thomas as Senior Vice President of AI Data Centers on October 20, 2025. The move marks a strategic shift toward high-performance computing. The company aims to diversify long-term revenue by leveraging existing power and land assets, according to the firm.

On October 20, 2025, MetaMask users saw zero balances and Base network services were disrupted due to an ongoing Amazon Web Services outage. The incident affected multiple crypto platforms relying on AWS infrastructure, including Coinbase and OpenSea. Users on the U.S. East Coast experienced more severe issues. Ethereum gas fees dropped below 0.1 gwei amid reduced network activity.