Stripe's Tempo Blockchain Raises $500M with a Valuation of $5B
Funding Announcement: Stripe's blockchain project, Tempo, has successfully raised $500 million in a Series A funding round, achieving a valuation of $5 billion, with notable investors including Greenoaks, Thrive Capital, and Sequoia Capital.
Project Development: Tempo aims to create a Layer-1 blockchain specifically designed for high-volume payments, addressing the limitations of existing blockchains in handling stablecoins and cryptocurrency applications.
Competitive Landscape: The funding and development of Tempo position Stripe against established players like Circle, which is also launching its own layer-1 blockchain, as both companies seek to enhance their roles in the evolving crypto payments ecosystem.
Future Potential: Although no launch date has been set, the collaboration with Paradigm and the integration of experienced teams signal strong prospects for Tempo in the competitive stablecoin and crypto markets.
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Technical Analysis for U
Technical Sentiment Analysis for Union (U) As of , Union (U) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for U stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, U is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Union (U) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.97 | 0.977 | 0.989 | 0.996 | 1.007 | 1.014 | 1.026 |
| Fibonacci | 0.977 | 0.984 | 0.989 | 0.996 | 1.003 | 1.007 | 1.014 |
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