Bitpush editors handpick the following Web3 news for you every day:
[Informed sources: Nasdaq is tightening its scrutiny of "crypto vault" companies]
According to The Information, citing sources familiar with the matter, Nasdaq is strengthening its oversight of listed companies' cryptocurrency purchases through fundraising. Companies will be required to obtain shareholder approval and disclose in detail the purpose, risks, and impact of the purchases on their core businesses. Failure to do so could result in suspension or even delisting. Nasdaq, the exchange where the vast majority of cryptocurrency stocks are traded, currently requires some companies to obtain shareholder approval before issuing new shares to purchase stocks.
Tempo , the public payment blockchain incubated by Stripe and Paradigm , has launched its private testnet.
Tempo, the public payment blockchain incubated by Stripe and Paradigm, has officially launched its private testnet. Designed specifically for stablecoins and real-world payments, Tempo aims to offer low fees, support for transfers and gas payments in any stablecoin, optional privacy, and over 100,000 transactions per second (TPS).
The first partners include Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered Bank, Visa, etc.
Tempo's application scenarios cover global payments, payroll, embedded financial accounts, fast and low-cost cross-border remittances, tokenized deposits with 24/7 settlement, micropayments, and smart payments. Tempo is built on Reth and is compatible with EVM.
BlockSpaceForce and Mainnet Capital Partner to Launch Crypto Hedge Fund, Targeting $100 Million in Management
According to The Block, Singapore-based crypto consulting firm BlockSpaceForce announced a partnership with local licensed fund management company Mainnet Capital to launch a hedge fund focused on investing in crypto-related listed companies, including digital asset reserve (DAT) companies. The target asset management scale is US$100 million.
[Bloomberg Analyst: REX-Osprey will launch the first Dogecoin ETF next week]
Bloomberg Industry Research analyst Eric Balchunas stated on X: "Based on the prospectus they just filed, Rex appears to be launching a Dogecoin ETF via 40 next week. Dogecoin appears to be the first to be launched, but the prospectus also mentions Trump, XRP, and Bonk, so these may also be launched at some point. We will have to wait and see." The team reportedly submitted a prospectus for the REX-Osprey DOGE ETF to the U.S. Securities and Exchange Commission, trading under the symbol DOJE. The prospectus also mentions ETFs related to XRP, Bonk, Trump, as well as Bitcoin, Ethereum, and Sol.
The 40 Act refers to the Investment Company Act of 1940, a U.S. federal law designed to regulate investment funds that pool funds from investors to implement common investment strategies, protecting investors from conflicts of interest and fraud. According to the prospectus, DOJE seeks to acquire investment in the Reference Assets through its subsidiary, REX-Osprey DOGE (Cayman) Portfolio SP (the DOGE Subsidiary), established in the Cayman Islands.
[Bank of America predicts serious internal divisions at the Federal Reserve's September meeting]
According to Jinshi, Bank of America predicts significant internal divisions in the Federal Reserve's September interest rate decision. Doves like Waller, Bowman, and Daly, along with Milan, whose nomination to the board is expected to be confirmed, are likely to push for further rate cuts, while hawks like Hammack, Bostic, Musallim, and Schmid are emphasizing inflation risks. Even if a 25 basis point rate cut is achieved at the September meeting, dissenting votes are still possible within the committee.
Justin Sun responds to the WLFI blacklist incident: Only a small amount of deposit testing is being conducted, and it will not affect the market.
In response to World Liberty Financial (WLFI) blacklisting his related addresses, Justin Sun said that his address had only been used for a small amount of exchange deposit testing, the amount was very low, and the address was subsequently dispersed. It was not involved in any buying and selling activities, so it was impossible to have an impact on the market.
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