PANews reported on October 18th that Fortune magazine, citing sources familiar with the matter, reported that Tempo, a payments-focused blockchain project developed by fintech giant Stripe and blockchain venture capital firm Paradigm, has raised $500 million in a Series A funding round led by venture capital giant Greenoaks and Joshua Kushner's Thrive Capital. This round values Tempo at $5 billion, making it one of the highest-valued blockchain venture capital rounds in recent years. Sequoia Capital, Ribbit Capital, and Ron Conway's SV Angel also participated in the round, according to two sources familiar with the matter. Paradigm and Stripe did not participate.



Bitcoin’s market cycles may stretch longer as ISM manufacturing data remains weak, hinting at extended macro headwinds and slower business recovery. The Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) has historically aligned with major peaks in Bitcoin’s market cycles — a pattern that, if repeated, could imply a longer-than-usual cycle this time around.The correlation between the ISM PMI and Bitcoin’s (BTC) price was first popularized by Real Vision’s Raoul Pal and has since gained traction among macro-focused crypto analysts.“All 3 past Bitcoin cycle tops have broadly aligned with this monthly, oscillating index,” analyst Colin Talks Crypto noted, referencing the recurring overlap between Bitcoin’s market highs and the PMI’s cyclical peaks.Read more