Bitpush's Weekly Web3 News Highlights:
[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.
[ Ethereum Foundation will sell 10,000 ETH to support research and development]
The Ethereum Foundation announced that over the course of several weeks this month, it will convert 10,000 ETH through a centralized trading platform to continue supporting research and development, funding, and donations.
These conversions will be made in multiple small orders rather than in one large transaction.
[ Spot gold rises to $3,600, setting a new record high]
Spot gold rose 1.5%, reaching a high of $3,600.15 per ounce, setting a new record high; so far this year, spot gold has risen by $976, a 37% increase.
Strategy not included in the S&P 500 index
Strategy, founded by Michael Saylor, failed to enter the S&P 500 index.
Trump Media completes acquisition of 684 million CRO tokens, valued at approximately $178 million
Trump Media & Technology Group (DJT) announced the completion of a transaction with Crypto.com to acquire 684.4 million Cronos (CRO) tokens at approximately $0.15 per token in a 50% cash, 50% stock exchange, valued at approximately $178 million and representing approximately 2% of the circulating supply of CRO. This partnership will integrate CRO into the rewards system of the Truth Social and Truth+ platforms, with institutional-grade custody provided by Crypto.com. Previously, Trump Media established the Trump Media Group CRO Strategy, which plans to create a CRO-centric digital asset treasury through a merger with Yorkville Acquisition Corp.
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.
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.
[ The Federal Reserve will hold a payment innovation conference next month to discuss stablecoins, artificial intelligence, and tokenization]
The Federal Reserve will hold a payment innovation conference on October 21. Topics will include stablecoins, artificial intelligence, and tokenization.
[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.
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