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Crypto

Shiba Inu logs 4.8 billion token net inflow to exchanges, yet price stays in decline

Shiba Inu (SHIB) recorded a net inflow of 4.8 billion tokens to centralized exchanges over the past 24 hours, but remained in a downtrend. The Crypto Basic reported, citing Arkham Intelligence data, that the inflow was worth about $27,000 and was concentrated around April 1. Revolut saw the largest inflow, while sizeable outflows from multiple venues were also recorded. Market participants are watching why balances rose without a price rebound.

Crypto

Tempo launches mainnet, unveils machine payments protocol with Stripe

Tempo, a payments blockchain co-developed by Stripe and venture capital firm Paradigm, has launched its mainnet, The Block reported on March 18. The project introduced a Layer 1 blockchain designed for large-scale payment processing and an open machine-to-machine payments protocol developed with Stripe. Tempo also unveiled a payments directory listing more than 100 service providers. Tempo was previously released on testnet in December and raised $500 million in a Series A round in October at a $5 billion valuation.

Crypto

Robinhood invests $35 million in Stripe and AI audio startup ElevenLabs

Robinhood\'s venture fund will invest about $35 million in fintech company Stripe and AI audio startup ElevenLabs, The Block reported on March 17 local time. Robinhood bought $14.6 million of Stripe Class B common stock and purchased $20 million of ElevenLabs Series D preferred shares. It also invests in other private companies including Revolut, Airwallex, Boom, Databricks and Ramp.