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China backs Venezuela after Trump orders oil tanker blockade. China’s top diplomat expressed support for Venezuela on Wednesday, criticizing one sided coercion hours after President Donald Trump ordered a blockade of oil tankers to ratchet up pressure on the South American nation. Chinese Foreign Minister Wang Yi told his Venezuelan counterpart Yvan Gil that Beijing opposes “unilateral bullying” and supports all countries in safeguarding their sovereignty and national dignity, according to a statement from China’s Foreign Ministry. While Wang did not name the US directly, the remarks came less than a day after Trump announced the naval action on social media. The move marks a significant escalation in Washington’s campaign to oust the nation’s socialist leader Nicolas Maduro. Wang added that Venezuela has the right to develop mutually beneficial cooperation with other countries, and that China believes the international community supports Venezuela’s position. The US President Donald Trump ordered a blockade of sanctioned oil tankers going in and out of the country. “The shock to them will be like nothing they have ever seen before.” -$TRUMP wrote in a post on Truth Social. Maduro, speaking on Venezuelan state TV, said he spoke “at length” with United Nations Secretary General Antonio Guterres. On the same day, Venezuela requested that the UN Security Council meet to discuss “ongoing US aggression". China supported that request.

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Solana on Class action trial: How Pump.fun could shake up the entire network 2025 has been a breakout year for memecoins, pushing them into mainstream adoption. From DOGE ETF launch to the BONK ETP hype, all of this is forcing investors to rethink speculative bets. Solana memecoins followed closely behind. Launches like Official TRUMP and MELANIA reinforced Solana’s reputation as the “go-to” network for high-speed, speculative activity. However, all that fun is now under the legal microscope. Recently, a federal court green-lit a class-action lawsuit against Pump.fun, Solana Labs, and other Solana-linked projects, accusing them of market manipulation. The key part? This isn’t your usual courtroom drama. Instead, the accusations hit right at Solana’s core tech. Simply put, it wasn’t just bad timing or clever positioning that let insiders get ahead on memecoin launches. Rather, the lawsuit is targeting the network itself. Specifically, the “high-speed, high-throughput” network that powers it all. This isn’t just about a few memecoins anymore. Instead, the entire Solana ecosystem and everyone involved could be in the spotlight.

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