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Tetherin Cryptocurrency
an hour ago

Tether is streamlining its operations by discontinuing USDT support on several legacy networks, including Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand, as part of a strategic shift to focus on more efficient platforms.

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Crypto Biz: Bitcoin VC surges, Robinhood faces tokenization scrutiny, CZ debunks Golden Visa hype

CointelegraphFriday, July 11, 2025 at 8:00:00 PM
Crypto Biz: Bitcoin VC surges, Robinhood faces tokenization scrutiny, CZ debunks Golden Visa hype
The crypto world's buzzing with three big stories this week. First, Ego Death Capital just scooped up $100 million to fund Bitcoin startups—a major vote of confidence in the space. Meanwhile, Robinhood's getting side-eye from regulators over its equity token offerings, which might be sailing too close to the securities wind. And in a reality check, Binance's CZ poured cold water on rumors about a golden visa deal in Dubai, reminding everyone not to believe every flashy headline.
Editor’s Note: This mix of news shows crypto’s wild ride isn’t slowing down. The $100M fund signals growing institutional faith in Bitcoin’s ecosystem, but Robinhood’s regulatory headaches highlight how tricky it is to innovate without tripping over red tape. CZ’s debunking? A reminder that in crypto, hype often outpaces reality—so keep your skepticism handy. For investors and enthusiasts, it’s another week of balancing optimism with caution.
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Tether to sunset USDT redemptions on 5 ‘legacy’ networks including Bitcoin Cash, Algorand
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Tether to sunset USDT redemptions on 5 ‘legacy’ networks including Bitcoin Cash, Algorand
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Tether is pulling the plug on USDT support for five older blockchain networks—Omni Layer, Bitcoin Cash SLP, Kusama, EOS, and Algorand—starting September 1. After that date, users won’t be able to redeem or move their USDT on these chains, and any remaining tokens will be frozen. The company calls these networks "legacy" systems, hinting they’re focusing on more widely used alternatives.
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