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Tempo Partners with DoorDash to Explore Providing Delivery Drivers with Stablecoin-Based Rewards

2 hours ago

On April 21st, blockchain project Tempo—backed by payment giant Stripe and venture firm Paradigm—launched a "stablecoin advisory service" to help enterprises and financial institutions adopt stablecoins, per Fortune magazine. The consulting service will support clients by identifying relevant use cases and deploying "embedded engineers" to collaborate directly within clients’ teams, ensuring smooth stablecoin integration. First revealed by Fortune in mid-2025, Tempo has drawn close attention from the crypto industry. In October 2025, the company announced a $5 billion funding round (valuing it at $50 billion) and officially launched in March of this year. Now the payment-focused blockchain is betting that robust technical support and expertise will drive enterprises to adopt stablecoins for their payment processes. Meanwhile, Circle has completed its initial public offering (IPO), and renewed interest in stablecoins from major firms like Meta, X, and Google underscores bullish sentiment in tech and business circles around blockchain payments. With Stripe’s backing, Tempo aims to become a core player in pushing stablecoin mainstream adoption. Currently, the company has partnered with DoorDash to explore options for its delivery drivers to receive earnings in stablecoins.
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Powell: Fed Needs a Whole New Inflation Strategy

April 21 — Federal Reserve Chair nominee Powell said if appointed to lead the Fed, he would push for comprehensive policy reform. Testifying before a Senate committee, Powell stated: “In my view, the Fed needs fundamental policy reform. Mistakes in addressing inflation during the COVID-19 pandemic demand such changes — which, I believe, requires a shift in policy implementation and a new, distinct inflation framework.” He added: “We need new tools and new communication approaches,” citing forward guidance, economic projections and the Fed’s dot plot. He noted the central bank should hold off on issuing statements until meetings, as pre-meeting forecasts would hinder decision-making.

7 minutes ago

Powell: Monetary Policy to Remain Independent of Political Factors, Fed Has Lost Its Way

On April 21st, Federal Reserve Chair nominee Jerome Powell told his Senate confirmation hearing that he would make monetary policy decisions independently, without being swayed by any advice or pressure from former President Trump. He emphasized that maintaining low inflation acts like "body armor," shielding the Fed from criticism. Powell noted the Fed’s independence "depends in large part on the Fed itself"—specifically, on successfully meeting its goals and not exceeding the authority granted by Congress. Powell added: "Even if government officials—the President, senators, or representatives—voice views on interest rates, monetary policy implementation will not face significant threats to independence. Congress has given the Fed a clear mission: ensure price stability, with no excuses, ambiguity, debate, or hesitation. Inflation is a choice, and the Fed must take responsibility for it. Low inflation is the Fed’s shield." He also stated the Fed has "lost its way" at times, t

7 minutes ago

AI16Z and the creator of ELIZAOS are facing a class action lawsuit alleging false advertising and unfair enrichment

April 21, 2025 — Crypto law firm Burwick Law has filed a federal class-action lawsuit in the U.S. District Court for the Southern District of New York (SDNY) against AI16Z and ELIZAOS creator Walters, along with other defendants, alleging violations of consumer protection laws, false advertising, and unjust enrichment. Legal filings show the defendants leveraged Andreessen Horowitz (a16z)’s brand reputation to package their project, launching the AI16Z token on the Solana blockchain on October 24, 2024 before rebranding it to ELIZAOS. The complaint claims the project falsely advertised AI agents capable of autonomous investing—but the systems were actually human-operated, and no revenue was generated at the time the lawsuit was filed. Additional suit details note the token hit an all-time high of roughly $2.47 on January 2, 2025, with a market capitalization exceeding $26 billion, before crashing due to selling by large holders (whales). On-chain data indicates the most profitabl

7 minutes ago

Federal Reserve Chair Nominee Walsh: Cost of Living May Be the More Pressing Issue

April 21: Fed Chair nominee Powell said the cost of living may be an even more pressing issue. (FXStreet)

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Wash begins preparing pre-written testimony statement for Senate hearing

April 21 — Federal Reserve Chair nominee Powell delivered his prepared opening statement at the Senate confirmation hearing. (FXStreet)

7 minutes ago

Nasdaq Extends Gain, Hits New Intraday All-Time High

On April 21, per Bitget market data, the Nasdaq extended its gains, hitting a new intraday all-time high of 24,537.58 points.

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