
Toobit Integrates TON for USDT Deposits and Withdrawals, Offering Faster and Cheaper Transactions
By adding TON support, Toobit is strategically tapping into one of the fastest-growing blockchain ecosystems, with over 153 million total created addresses as of 2025. The addition will also enhance the speed and affordability of USDT transfers, helping users optimize their trading and asset management strategies.
'We are thrilled to bring the benefits of the TON network to our users,' said Mike Williams, Chief Communication Officer at Toobit. 'We saw a clear demand for more network diversity and greater capital efficiency. Integrating TON is a direct response towards providing a reliable, high-speed, and extremely low-cost rail for USDT.'
Key benefits for Toobit traders Improved capital efficiency: Traders can now move USDT with network fees averaging just $0.01 to $0.02 per transaction. More capital can be used for trading, not for network costs.
Traders can now move USDT with network fees averaging just $0.01 to $0.02 per transaction. More capital can be used for trading, not for network costs. Faster strategy execution: With transaction finality achieved in approximately five seconds, the integration allows for the near-instantaneous transfer of assets.
With transaction finality achieved in approximately five seconds, the integration allows for the near-instantaneous transfer of assets. Expanded network choice: By adding TON, Toobit connects its users to a network that is rapidly expanding, now boasting over 9 million active wallets and a Total Value Locked (TVL) of more than $155 million in its DeFi ecosystem.
To start using TON for USDT transfers, users can simply go to their USDT wallet on Toobit and select TON as their preferred network for deposits or withdrawals.
The move comes in response to growing demand for more efficient blockchain networks. Known for its high throughput, multi-blockchain architecture, and minimal fees, TON can theoretically process millions of transactions per second, making it an ideal solution for active traders.
About Toobit
Toobit is where the future of crypto trading unfolds—an award-winning cryptocurrency derivatives exchange built for those who thrive exploring new frontiers. With deep liquidity and cutting-edge technology, Toobit empowers traders worldwide to navigate the digital asset markets with confidence. We offer a fair, secure, seamless, and transparent trading experience, ensuring every trade is an opportunity to discover what's next.
For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram
Contact: Davin C.
Email: [email protected]
Website: www.toobit.com
Disclaimer: This content is provided by Toobit. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.
Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7aa1c4db-9d83-4bed-9f73-4e9e3614a820
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Ahmedabad Plane Crash
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Forbes
2 hours ago
- Forbes
The 'Layer 1' Fight Is Not About Stablecoins But The Future Of Finance
With the GENIUS Act signed, stablecoins are on a tear. According to the management consultancy McKinsey, the total value of issued stablecoins has doubled to $250 billion today from $120 billion 18 months ago, and it is forecast to reach more than $400 billion by year-end (and $2 trillion by 2028). Wow. In addition to stablecoins tokens, a number of yield-bearing tokens are out there now. These tokens, typically an investment in short-duration government securities, such as the BlackRock USD Institutional Digital Liquidity Fund ($2.9 billion) and the Franklin OnChain U.S. Government Money Fund ($0.8 billion). Big money, and hence the reasons for the 'Layer 1' or 'Layer 2' discussions in decentralised finance (DeFi) circles. Who Cares About Layer 1 or Layer 2? I am sure you are all familiar with the distinction, but for those who are new to this space, when DeFi people talk about Layer 1 they mean a distributed ledger of some kind (such as the Bitcoin blockchain) whereas Layer 2 networks run on top of the Layer 1 blockchains in order to delivered improved performance or additional functionality. The Layer 2 networks execute transactions off of the ledgers but use Layer 1 to provide the underlying security and finality. So, for example: Bitcoin is a Layer 1 protocol, but on top of this people have built Lightning, which is a Layer 2 service that uses off-chain 'payment channels' to make Bitcoin transactions work at point-of-sale (POS). Similarly, Ethereum is a Layer 1 blockhain and Arbitrum is a Layer 2 service that uses a 'rollup' mechanism to anchor transactions. Well, so far, so technical. But there is escalating competition in this space and that has business implications. The news that major players, such as Circle and Stripe, are developing their own Layer 1 networks is rather interesting. Given their investments in the stablecoin space it seems logical for Stripe, for example, to create a new high performance Layer 1 blockchain specially designed to for payment processing. Their blockchain, known as 'Tempo', is compatible with Ethereum's programming language so developers will be able to easily migrate 'smart" 'contracts' to the new blockchain. Similarly, Circle announced its new Layer-1 blockchain 'Arc' (also compatible with the Ethereum programming language) which they say is optimised for stablecoin-based financial services. Arc has native support for the Circle Payments Network (CPN) and stablecoins including USDC, EURC and USYC1. It also has, rather interestingly from my point of view, an opt-in privacy schemes that offers selectively shielded transactions. Circle say that Arc is designed not only for stablecoins but for all forms of digital money and tokenized value in the future, a point I will return to later on. Now you might ask, since Bitcoin and Ethereum seem to work, why are serious players in the stablecoin space looking to build their own Layer 1 blockchains while others are already building Layer 2 rails (such as Robinhood's chain on Arbitrum and Coinbase's Base on the OP Stack) that also seem to work. There are, broadly speaking there are two business pressures: functionality and economics. Functionality first. A good reason to develop a Layer 1 is to ensure the development of features that are required by the ecosystem. Now that this infrastructure is no longer a technical detail but a defining factor in who leads the next phase of digital finance, business is paying attention and as stablecoins begin to be used in mainstream business applications, so operational pressures will increase and favour platforms that are secure, compliant and capable of high-throughput transactions. As the respected industry commentator Noelle Acheson noted in the case of both Circle and Stripe, these will be the priorities of most financial services players but they are not necessarily the priorities of blockchains such as the Bitcoin blockchain, which was optimised for censorship resistance. There is also the element of control: decentralisation sounds good but it would be annoying to find that your payroll payments to employees are held up because everyone is playing some sort of cryptokitties game or messing around with NFTs. Then there are the economics. The fact is that running decentralised network is expensive. If you want the censorship resistance of Bitcoin then you have to consume enormous amounts of energy and therefore charge significant fees. This is a key reason people started building Layer 2 networks in the first place. But if you don't need the pseudonymity and censorship resistance (ie, you are running a regulated financial service) then you can redesign the infrastructure in a far more cost-effective way. You can imagine, then, that if Stripe offers stablecoin services to its global customer base, it will offer them its own stablecoins running over its own network and the transactions will never go anywhere near the world's banking networks except for on- and off-ramps. Assuming, that is, that Stripe's customers won't want to hold stablecoin balances that are non-interest bearing. (Of course once the service is up and running then Stripe can offer their infrastructure to third-parties so that they can use the Stripe Layer 1 to provide stablecoin services to their own customers. Given that payments are such a huge, but vulnerable, profit pool for the TradFi incumbents they they will have to respond.) Layer 1 And The Real World Where does this take us then? I suspect that the average consumer (eg, me) will have zero interest in Layer 1 or Layer 2 of indeed how any payments get anywhere. If I tell my accounting package to go ahead and pay a supplier in Canada, I really do not care how the money gets there: if Stripe uses open banking to take the money out of my UK account, take Canadian Dollar stablecoins from their Treasury and then send these stablecoins over to Canada where they are then paid out to the supplier using Interac e-Transfer, or whether they send the money from my bank account via SWIFT to a Canadian bank account, I do not care. Hence the winners and losers here will be determined by their cost-benefit performance for business. The battle for Layer 1, though, is not only about the battle to control payments, because it is about much more than stablecoins. As Circle indicated, it is about the future of value, a future in which the continuous exchange of 'real world' digital assets replaces the traditional infrastructure (and associated overheads) of clearing and settlement vanish. In this world, the next-general financial market infrastructure of distributed ledgers, tokens and protocols (that is, 'defi') that will in essence become critical national infrastructure. Can this really be provided Circle or Stripe? Or will it ultimately need Big Tech or governments or someone else to deliver the platform for innovation?


Business Upturn
4 hours ago
- Business Upturn
AAPL LOSS ALERT: Apple Inc. Investors with Losses are Reminded of the August 19 Class Action Deadline – Contact BFA Law (NASDAQ:AAPL)
NEW YORK, Aug. 17, 2025 (GLOBE NEWSWIRE) — Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Apple Inc. (NASDAQ: AAPL) and certain of the Company's senior executives for potential violations of the federal securities laws. If you invested in Apple, you are encouraged to obtain additional information by visiting: Investors have until August 19, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Apple securities. The case is pending in the U.S. District Court for the Northern District of California and is captioned Tucker v. Apple Inc., et al. , No. 5:25-cv-05197. Why was Apple Sued for Securities Fraud? Apple is a multinational technology company that engages primarily in the businesses of smart-devices and artificial intelligence ('AI'). Apple's software includes a digital personal assistant called 'Siri,' which was first introduced in October 2011. The complaint alleges that Apple misrepresented Siri's advanced AI-based features as well as its ability to deliver them within the iPhone 16 product cycle. In truth, as alleged, Apple lacked a functional prototype of Siri's purported advanced AI-based features and misrepresented the time it would take to integrate such features into its devices. The Stock Declines as the Truth is Revealed On March 7, 2025, Apple announced it was indefinitely delaying several AI-based Siri features, citing development delays and pushing their release to sometime 'in the coming year.' On this news, the price of Apple stock declined $11.59 per share, or almost 5%, from $239.07 per share on March 7, 2025, to $227.48 per share on March 10, 2025, the following trading day. Then, on June 9, 2025, Apple hosted its Worldwide Developer Conference for 2025. Noticeably, Apple failed to announce any new updates regarding advanced Siri features. Analysts and media outlets described the WWDC as 'underwhelming' and 'disappointing,' with CNN stating that 'it's unlikely that any of the announcements made at Monday's event will change the perception that Apple is behind its competitors in AI.' On this news, the price of Apple stock declined $2.47 per share, or over 1%, from $203.92 on June 6, 2025, to $201.45 per share on June 9, 2025, the following trading day. Click here for more information: What Can You Do? If you invested in Apple you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: Or contact:Ross Shikowitz [email protected] 212.789.3619


Business Upturn
4 hours ago
- Business Upturn
LINE LOSS ALERT: Lineage, Inc. Investors with Losses are Reminded of the September 30 Class Action Deadline – Contact BFA Law (NASDAQ:LINE)
NEW YORK, Aug. 17, 2025 (GLOBE NEWSWIRE) — Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Lineage, Inc. (NASDAQ: LINE) and certain of the Company's senior executives and directors for potential violations of the federal securities laws. If you invested in Lineage, you are encouraged to obtain additional information by visiting: Investors have until September 30, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 11 and 15 of the Securities Act of 1933 on behalf of investors who purchased stock pursuant and/or traceable to Lineage's registration statement for its initial public offering held on or about July 25, 2024. The case is pending in the U.S. District Court for the Eastern District of Michigan and is captioned City of St. Clair Shores Police and Fire Retirement System v. Lineage, Inc., et al. , No. 2:25-cv-12383. Why Was Lineage Sued Under the Federal Securities Laws? Lineage is a cold storage focused real estate investment trust ('REIT'). Through its Global Warehousing Segment, Lineage owns and operates hundreds of temperature-controlled storage facilities used by companies to store food and other perishable products. As alleged, Lineage's IPO documents touted its 'consistent cold chain demand,' which purportedly provided Lineage 'with strong cash flows even during periods of broader economic stress.' The IPO documents also represented that the lingering effects of the COVID-19 pandemic had 'accelerated trends that . . . have the potential to be growth engines for the industry in coming years.' In truth, Lineage was allegedly in the midst of a sustained downturn, as its customers destocked excess inventory built up during the COVID-19 pandemic, and also shifted to leaner inventories on a go-forward basis and as more cold-storage supply came on line. Events Following the IPO On February 26, 2025, Lineage announced its fiscal Q4 2024 financial results, revealing that customers had been 'unwinding' previously 'overbuil[t]' levels of inventory, returning to a 'more normal seasonal pattern' that was expected to 'continue moving forward.' Lineage conducted its IPO at $78 per share. Since the IPO, the price of Lineage stock has fallen dramatically, to lows near $40 per share—approximately half the IPO price. Click here for more information: What Can You Do? If you invested in Lineage you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: Or contact:Ross Shikowitz [email protected] 212.789.3619