News linked to both this project and an event.
multi-chain oracle project Switchboard has announced it is ceasing operations. Switchboard Technology Labs, its core development contributor, will gradually wind down remaining operations, all Switchboard implementations will stop being maintained effective immediately, and remaining support will be terminated on September 25. Protocols using its oracle are required to migrate immediately to alternatives such as Pyth and RedStone.Switchboard stated that AI has reduced the cost of building in-house oracles, the crypto bear market has led to a decline in the number of new public chains and project budgets, and the model of direct collaboration between data providers such as Hyperliquid and S&P shows that protocols may increasingly obtain data directly, thereby weakening the value of third-party oracle networks.
According to The Defiant, Securitize's tokenized high-yield credit fund HINC has officially been listed as collateral on the Solana lending protocol Loopscale, enabling accredited investors to stake HINC shares to borrow USDG stablecoins without redeeming their positions. HINC primarily holds high-yield corporate bonds and tranched CLO assets, with Neuberger Berman acting as sub-advisor (managing $613 billion in AUM). With a minimum subscription threshold of $100,000, the fund is exclusively available to accredited investors. This marks the third Securitize product integrated into Loopscale, following the prior listing of Apollo's ACRED and Securitize-listed equity token SECZ as collateral. HINC's net asset value is updated daily and recorded on-chain by RedStone, which Loopscale utilizes for pricing and liquidation triggers. Currently, Loopscale's total value locked stands at $91.3 million, with an active loan volume of $55.9 million.
Tempo has announced the integration of the DeFi lending market Morpho, bringing a $7.5 billion lending market to its network. The project's main business is to provide fintech companies and enterprises developing on the Tempo chain with the ability to lend directly on-chain and earn yields on idle stablecoins.The lending system for Morpho on Tempo will feature customized markets provided by risk firms Gauntlet and Sentora, and will use RedStone oracles for pricing. (coindesk)
According to The Block, Visa, Stripe, and Zodia Custody—a digital asset custody firm backed by Standard Chartered Bank—have become the first validators on the Tempo payment blockchain. Tempo is an Ethereum-compatible Layer 1 blockchain designed specifically for high-throughput payments and stablecoin settlement, primarily targeting large institutions. Validators are responsible for verifying, ordering, and finalizing on-chain transactions, and are typically mature organizations with global operational capabilities. Tempo was incubated by Stripe and Paradigm, launched its private testnet in September 2025, and closed a $500 million Series A funding round in October at a valuation of approximately $5 billion. Recently, Tempo introduced its “Agent Payments” protocol—executed by AI agents—and has attracted infrastructure integrations including RedStone.