Ethereum Ecosystem Expands as Stripe Launches Tempo with Paradigm’s Matt Huang at the Helm

In a significant development for the cryptocurrency sector, Stripe has announced the appointment of Matt Huang, co-founder of crypto venture firm Paradigm, to lead its new blockchain initiative, Tempo. This move underscores the growing institutional interest in stablecoin infrastructure and Layer 1 solutions. Huang will continue his role at Paradigm while serving as CEO of Tempo, a payments-focused Layer 1 chain. The announcement follows notable industry events such as Plasma's $373 million funding round and the launch of Tether's latest initiatives. This strategic hire highlights the increasing convergence of traditional finance and blockchain technology, with Ethereum's ecosystem poised to benefit from these advancements. As of August 2025, the crypto community is eagerly watching how Tempo will integrate with existing platforms and drive innovation in the space.

Stripe Appoints Paradigm's Matt Huang to Lead New Blockchain Initiative Tempo

Stripe has tapped Matt Huang, co-founder of crypto venture firm Paradigm, to helm its upcoming blockchain project Tempo. Huang will retain his role at Paradigm while serving as CEO of the payments-focused Layer 1 chain, according to sources familiar with the matter.

The MOVE signals growing institutional interest in stablecoin infrastructure following Plasma's $373 million funding round and the launch of Tether's dedicated blockchain. The sector's $270 billion market cap recently gained regulatory clarity through the GENIUS Act signed by former President Trump.

Tempo will feature Ethereum-compatible code optimized for high-performance payments, though details about tokenomics and launch timing remain undisclosed. Huang brings substantial crypto expertise from overseeing Paradigm's $12.7 billion portfolio, including investments in Uniswap and Fireblocks.

ETH Liquidations Hit $296.55M in 24 Hours

Ethereum traders faced $296.55 million in liquidations over the past day as volatility rocked the market. Forced closures of Leveraged positions rippled across exchanges, with short sellers bearing the brunt of the pain. The surge in liquidations underscores the perils of excessive leverage during abrupt price swings.

Bullish momentum exacerbated losses for bears as ETH's price climbed. The scale of the liquidations reflects heightened speculative activity in the derivatives market. Major trading venues saw cascading position closures amid the turbulence.

MEV Protocol Eden Network Announces Shutdown, Treasury Distribution to Token Holders

Eden Network, a blockchain protocol designed to mitigate the adverse effects of maximal extractable value (MEV) in ethereum transactions, has ceased operations effective immediately. The team cited an inability to maintain competitiveness in the evolving MEV landscape as the primary reason for the shutdown. Remaining treasury funds will be distributed to token holders.

Originally launched as Archer DAO in 2020 to create MEV-based revenue streams for Ethereum miners, the project rebranded to Eden Network following Ethereum's EIP-1559 implementation. The upgrade significantly altered miners' revenue potential, prompting the pivot. Core services including Eden RPC, Bundles, and 0xProtect have been discontinued, with users directed to alternatives like Flashbots Protect and Blocknative Mempool Explorer.

Ethereum Surpasses Netflix in Market Capitalization

Ethereum's market cap has eclipsed $566 billion, briefly overtaking traditional finance giants Netflix and Mastercard. The cryptocurrency now ranks as the 22nd largest global asset by valuation, signaling its growing dominance in decentralized finance and digital infrastructure.

Network activity continues to accelerate, driven by expanding LAYER 2 adoption and institutional interest. Traders are monitoring whether Ethereum can sustain its position among top-tier assets as DeFi and NFT ecosystems mature.

Standard Chartered Bullish on Ethereum: Targets $7,500 by 2025, $25K by 2028

Ethereum's price trajectory just received a seismic upgrade from Standard Chartered. The bank now forecasts ETH hitting $7,500 by end-2025—nearly doubling its previous $4,000 target—with a long-term $25,000 projection for 2028. Institutional accumulation and regulatory tailwinds are fueling this optimism.

Corporate treasuries are aggressively stacking ETH, with BitMine Immersion leading the charge at 833,100 ETH (up 410% monthly). The top 10 treasury firms now hold 2.63% of total supply. DeFi's 3-5% staking yields are attracting institutional capital, potentially igniting what analysts call "DeFi Summer 2.0."

Exclusive: FED Rate Cuts Could Push Ethereum Price to $8K by Year-End, Says Sean Dawson

Sean Dawson, Head of Research at Derive, predicts Ethereum could surge to $8,000 by year-end, driven by anticipated Federal Reserve rate cuts and institutional demand. Speaking exclusively to Coinpedia, Dawson highlighted a 95% probability of a 25-basis-point cut in September, citing labor market weakness as the catalyst.

The real story lies in ETH treasury companies like Bitmine and Ethermachine, which now hold 3.6 million ETH—3% of total supply—up from negligible holdings in April. These vehicles are attracting capital as investors rotate into high-beta assets ahead of expected monetary easing and increased US fiscal spending.

While Layer-2 scaling solutions like Dencun contribute to Ethereum's fundamentals, macroeconomic forces currently dominate price action. The interplay between Fed policy and institutional accumulation creates a bullish setup for ETH as we approach 2025.