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Tag: next-generation

Klarna stablecoin debuts on Tempo to reshape payments

The post Klarna stablecoin debuts com. Payment giant Klarna is taking its first major step into digital assets as it prepares to launch the klarna stablecoin within a new blockchain ecosystem. What is Klarna planning with its new stablecoin? Payment solutions company Klarna has announced the launch of a new stablecoin on Tempo, an independent blockchain designed specifically for payments by Stripe and Paradigm. The project targets global retail transactions and aims to reduce frictions in cross-border commerce. According to the company, this new asset will be fully integrated into Klarna’s payment stack. Moreover, it is expected to support both online and in-store transactions, providing instant settlement and predictable pricing for consumers and merchants. How does Tempo position itself in the payments ecosystem? Tempo is being developed as an infrastructure layer dedicated to high-volume, low-cost transactions. Backed by Stripe and Paradigm, the network focuses on payments rather than speculative trading, with architecture optimized for speed, security and scalability in everyday commerce. However, the initiative also signals growing competition with traditional card networks and bank transfers. By offering programmable settlement rails, Tempo could enable new financial products while keeping transaction costs low for global users. What did Klarna’s CEO say about the crypto strategy? In a press release, Klarna CEO and co-founder Sebastian Siemiatkowski highlighted the scale of the company’s operations. “With 114 million customers and $112 billion in annual transaction volume, Klarna has the scale to transform payments globally,” he said, underlining the firm’s reach in key markets. “With Tempo’s infrastructure, we can challenge the old networks and make payments both faster and cheaper for everyone. Crypto is now fast, cheap, secure, and scalable enough. This is the beginning of Klarna’s journey into crypto, and I look forward to continuing to shape the future of payments together with Stripe and Tempo,” Siemiatkowski added, framing the move.

̦Phantom Wallet CEO Says No IPO or Blockchain Launch Ahead, Doubles Down on Solana

The post ̦Phantom Wallet CEO Says No IPO or Blockchain Launch Ahead, Doubles Down com. The post ̦Phantom Wallet CEO Says No IPO or Blockchain Launch Ahead, Doubles Down Despite its rapid growth and investor buzz, the company isn’t planning an IPO or launching its own blockchain anytime soon. CEO Brandon Millman confirmed this on the Empire Podcast, saying Phantom’s focus will stay on Solana and building products that make crypto easier for everyday users. Here are more insights from the episode! No IPO, No Blockchain Millman said clearly that while Phantom has the potential to go public, it’s not the path the company wants to take right now. “Launching your own chain is kind of antithetical to the open permissionless nature of crypto, I feel. And so I think we’re always going to try to just reinvest into Solana,” he explained. Instead, Phantom plans to grow through private funding from leading backers like a16z, Paradigm, and Sequoia. He also added that Phantom isn’t targeting institutional users at the moment, but rather wants to keep improving its user-facing products and make crypto simpler for the mainstream. Sticking With Solana and Open Ecosystems Phantom’s refusal to build its own blockchain is interesting. Millman believes crypto should remain open and composable, not siloed. That’s why Phantom continues to invest heavily in the Solana ecosystem, while also supporting other chains like Base, Polygon, and Sui where it makes sense. Also Read: Redditors List the Most Overlooked Real-World Blockchain Use Cases From Wallet to Full-Fledged Finance App Phantom started as a Solana wallet, but the company’s ambitions go far beyond that. It’s now building what looks like a next-generation crypto finance platform something that combines trading, payments, and daily money management in one app. Among the new products in the pipeline: Phantom Cash,.

Telegram Launches Cocoon: A Decentralized AI Network That Pays GPU Owners in Crypto

The post Telegram Launches Cocoon: A Decentralized AI Network That Pays GPU Owners com. In brief Telegram launched Cocoon, a decentralized AI compute network on TON that pays GPU owners in crypto for powering private AI tasks. Telegram will use Cocoon internally, integrating it into Mini Apps and AI tools for its billion-plus users. The project challenges Big Tech’s dominance, positioning TON as an open, user-controlled alternative to AWS and Azure. Telegram CEO Pavel Durov took to the stage at Blockchain Life 2025 in Dubai on Wednesday to announce Cocoon, a decentralized AI compute network built on The Open Network (TON) blockchain that will pay GPU owners in Toncoin for powering private AI inference. The network, formally called the Confidential Compute Open Network, will launch in November with Telegram as its first major customer. Applications for GPU providers and developers opened immediately following the announcement. Cocoon creates a marketplace where individuals contribute computing power through their graphics processing units and receive TON cryptocurrency in exchange. On the other side, developers gain access to low-cost AI infrastructure that processes queries without exposing user data to centralized providers. This decentralized AI infrastructure is billed as a rival against the monopoly that Big Tech corporations like Amazon’s AWS and Microsoft Azure have. In fact, Durov positioned the project as a response to eroding digital freedoms. Both Telegram and the TON blockchain were also conceived with this privacy-first approach in mind. The timing aligns with growing concerns about centralized AI systems. When companies like OpenAI or Google process your queries, they see everything-your prompts, your data, your patterns, and metadata. Cocoon’s confidential computing approach keeps that information encrypted throughout the process, even from the GPU owners doing the actual computation. Telegram’s globally adopted platform provides immediate scale. The messaging app will integrate Cocoon across its ecosystem, powering AI features in its Mini Apps and potentially transforming how users.

Jupiter Unveils Ultra V3, Its Most Powerful Solana Trading Engine Yet

The post Jupiter Unveils Ultra V3, Its Most Powerful Solana Trading Engine Yet appeared com. TLDR: Ultra V3 brings predictive execution and meta aggregation to Solana traders for real-time best pricing. The Iris router delivers up to 100x routing performance improvements with advanced split algorithms. ShadowLane cuts trade latency from 1. 2 seconds to 400 milliseconds for precise on-chain execution. Ultra V3 boosts DeFi safety with 34x stronger MEV protection and gasless trading support. Jupiter has introduced Ultra V3, its next-generation trading engine built to improve execution across Solana’s DeFi markets. The update brings advanced meta aggregation, predictive execution, and enhanced protection from sandwich attacks. It also introduces the Iris router, a new technology that optimizes price routing between multiple liquidity sources. The launch signals Jupiter’s move toward faster, safer, and more transparent trades. Iris Router and Predictive Execution Bring Smart Crypto Pricing The centerpiece of Ultra V3 is the Iris router, which replaces Jupiter’s retired Metis system. According to Jupiter Exchange, Iris combines data from multiple routers including JupiterZ, DFlow, Hashflow, and OKX to secure the best on-chain prices. The new algorithm uses mathematical techniques like Golden-section and Brent’s methods, achieving up to 100x better routing performance. JupiterZ, an in-house RFQ system handling around $100 million in daily volume, integrates exclusively with Ultra V3. Together, they enable more accurate trade execution and minimal slippage, reducing the gap between quoted and executed prices. Predictive Execution further refines this by prioritizing optimal trade routes and simulating real-time outcomes before confirmation. This system avoids misleading quote inflation that often affects decentralized exchanges. Instead, it ensures users receive the actual market execution price. Jupiter stated that this model leads to consistent positive slippage, outperforming competitors that show negative averages. ShadowLane and Gasless Support Reinforce Solana Trading Another core feature, ShadowLane, is Jupiter’s internal transaction landing engine designed for speed and precision. It executes trades privately without relying on external.