Tether, the issuer of the largest stablecoin USDT, has announced that it will stop supporting USDT on the Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand blockchains as of September 1, 2025. Tether CEO Paolo Ardoino stated, ”The company will continue to support protocols that the community finds useful and will discontinue USDT options on blockchains with low demand and outdated infrastructure.” Ardoino noted that this decision reflects a general trend in the crypto industry to focus on technologically advanced platforms, which can improve the stability and availability of digital assets. He also reminded users that the company had prepared in advance for the termination of support for these blockchains. For example, in August 2023, Tether announced the discontinuation of USDT on the Omni Layer, Kusama, and Bitcoin Cash SLP platforms. In June 2024, the issuance of stablecoins on the EOS and Algorand platforms was discontinued. Tether advised users to move their USDT to supported networks such as Ethereum or Tron by September 1.
The evolution of Web3 neobanks is shifting from standalone applications to seamless integration within existing platforms, revolutionizing user engagement in crypto finance. Telegram and The Open Network (TON) exemplify this
Lesotho warns that Trump’s 50% tariff threat risks tanking their textile industry. The country’s trade minister, Mokhethi Shelile, said they’re counting on the US to set a favorable tariff rate, ideally 10% or less. He added that anything higher might drive their textile industry out of US markets or into closure. Lesotho is presently the leading African exporter of garments to the US, supplying major American brands like Levi’s and Wrangler. Yet Trump recently referred to the African country as “a country nobody has ever heard of.” Some of Lesotho’s textile factories are preparing for closure, already cutting down on their workforce President Trump threatened in April to slap a 50% tariff on Lesotho’s exports—one of the steepest rates imposed worldwide—before suspending the move. As the suspension deadline nears, Lesotho still hasn’t secured a trade agreement with the US, meaning it could very well face the tariffs if Trump follows through on his threat. Textile exports contribute 10% to Lesotho’s $2 billion GDP, but the tariff uncertainty has clearly taken a toll on the industry. More than 40,000 people were employed in Lesotho’s textile industry, though mass job cuts began after the tariffs were first announced. Teboho Kobeli, founder of Afri Expo and one of the nation’s garment exporters, confirmed, “There are massive lay-offs ongoing. Unless [factories] are doing other orders besides US orders, they are totally shutting down.” He added that most factories are only working through pending shipments, as no fresh orders have been placed. Taking account of the situation, the country’s government announced a “state of disaster” this week. However, Shelile insists that the state of disaster would remove administrative hurdles and speed up efforts to create thousands of agricultural and construction jobs. He argued that the government could add 60,000 jobs over the next two years. Additionally, he told reporters that ministries will be required to allocate 3% of their budget to a $22.2 million fund to support youth grants and entrepreneurial loans to strengthen the private sector. Currently, at least 48% of the youth population in the country is unemployed. Analysts find Trump’s tariffs on Lesotho completely unjustifiable Some analysts believe the US proposed tariffs on Lesotho are outrageous and could do much harm. Colette van der Ven, chief executive of Tulip Consulting, a advisory firm on international trade, claimed that the African country only accounts for 0.02% of the US total deficit, hence imposing a 50% levy is completely illogical. She argued that with so little value actually added within Lesotho, because of the textile industry’s dispersed value chain, penalizing the country won’t help lower the US trade deficit. Shelile also said that the US tariffs will only exacerbate problems that have plagued them for years. Though he said the country is looking to include more buyers, shifting away from the US market and moving on to countries like South Africa. However, industry experts have cautioned that finding other markets, especially within the African continent, may not be an easy fix to their problems. For instance, Donald MacKay, chief executive of Johannesburg-based XA Global Trade Advisors, explained that since African customers generally don’t purchase the same goods as Americans, replacing the US market with African demand will be difficult. Nevertheless, the US government stressed that it’s developing a “template” to guide future trade negotiations with African nations. President Trump also recently hosted leaders from Gabon, Guinea-Bissau, Liberia, Mauritania, and Senegal to negotiate trade deals. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Ethereum (ETH) is poised for significant performance improvements with upcoming Ethereum Improvement Proposals (EIPs) aimed at reducing transaction latency and optimizing network operations. The 2026 Glamsterdam hard fork is shaping
Pump.fun’s public token sale for its PUMP cryptocurrency raised $500 million after selling out rapidly in roughly 12 minutes. PUMP Token Sale Sells out, Raising $500 Million for Platform Expansion The initial coin offering (ICO) — a crowdfunding method for new digital tokens — launched July 12 at 2 p.m. UTC. Pump.fun, a leading meme
EIP-7782 Reduce Block Latency designed to reduce Ethereum (ETH) block time by 50%
Bitcoin Treasury Capital, a Swedish-listed firm, has expanded its Bitcoin holdings by 4.4 BTC, signaling continued institutional confidence in digital assets. This acquisition highlights the growing trend of companies integrating
While Elon Musk's $300 “Heavy” model puts up record-breaking benchmark scores, the basic Grok 4 struggles to keep up with competitors.
Solana’s ( SOL ) bullish run on the weekly chart appears to be cooling, but a trading expert believes the decentralized finance ( DeFi ) asset still has the potential to surge over 1,000%. As of press time, SOL was trading at $160, down 4% in the last 24 hours. However, the asset has gained 8% over the past week. SOL seven-day price chart. Source: Finbold Looking ahead, cryptocurrency trading expert Ali Martinez noted that if Solana breaches the $170 resistance level and closes the week above it, the move would confirm a bullish breakout, according to his X post on July 12. This outlook is supported by the emergence of a cup-and-handle pattern, a historically bullish technical setup. According to the analysis, Solana began forming the rounded ‘cup’ in mid-2022, which extended through 2023. This was followed by a downward-sloping ‘handle’ forming in early 2025. Now, with SOL hovering at $160, the price sits just below the key breakout level. A weekly close above $170 would invalidate the handle and confirm the pattern. Additionally, Fibonacci extension levels suggest that if momentum holds, Solana could advance through several resistance zones, with targets at $250, $470, $850, and ultimately $2,000. Why Solana is bearish However, Solana is facing renewed selling pressure amid bearish on-chain signals and rising macroeconomic uncertainty. The latest drop followed a transfer of nearly 190,000 SOL, worth about $31 million, from staking wallets linked to FTX and Alameda Research to BitGo Custody. 🚨NEW: @FTX_Official has unstaked 189,851 $SOL ($31.32M) a few hours ago. pic.twitter.com/Vq8OHaovd5 — SolanaFloor (@SolanaFloor) July 11, 2025 While none of the tokens have been sold, a similar move in May 2024 preceded a 7% decline. Markets interpret these custody transfers as potential precursors to liquidation, raising concerns about overhead supply. The pressure intensified after President Donald Trump’s July 12 tariff announcement, which spurred broader risk aversion across crypto markets. Solana, in particular, remains sensitive to such macro shocks. Featured image via Shutterstock The post If Solana ends the week at this level, it will ‘open the gates’ to $2,000 appeared first on Finbold .
A significant investor acquired 5.97 million TRUMP tokens at an average price of $0.20 each, committing a total of $1 million during the recent PUMP public sale. This sizeable transaction