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ARK Investment Management has submitted a waiver application to the U.S. SEC, seeking to issue tokenized share classes for its venture capital fund, ARK Venture Fund. The SEC issued a related notice on August 24 and set September 18 as the deadline for hearing requests. The fund is a continuously offered closed-end interval fund, with total assets of $562 million as of January 31.The application proposes to establish two categories: the exchange category will be listed on national securities exchanges, while the tokenized category will record ownership through distributed ledger technology, allowing for peer-to-peer transfers between registered alternative trading systems or whitelisted wallets. Tokenized shares will be issued at net asset value, exempt from sales fees, distributed by registered brokers or fund transfer agents, and will bear the costs of trading fees and other expenses. ARK seeks relief under Sections 6(c), 18, and 17(d) of the Investment Company Act and Rules 23c-3 and 17d-1, with Dechert serving as legal counsel.The application does not specify a tokenization service provider or blockchain, only listing the categories of "tokenization agent" and "fund transfer agent" fees. Currently, BNY Mellon serves as the fund transfer agent, manager, and custodian. The ARK Venture Fund holds equity in Securitize and $10 million in convertible notes; Securitize is the transfer agent for the BlackRock BUIDL Fund. The SEC has not yet formally approved the industry's anticipated tokenization "innovation waiver" framework, and relevant rules are still being advanced.

According to The Rollup host Andy, his sources indicate that a large fund has received the SEC's "green light," possibly involving Fidelity, ARK Invest, or BlackRock, allowing fund shares to be tokenized and traded against underlying assets.Andy emphasized that this is still unverified information, and specific arrangements await confirmation from SEC Chairman Atkins.

Coinbase, the cryptocurrency exchange, submitted Form 1-N and Form BD-N to the U.S. Securities and Exchange Commission (SEC) on September 1 through Coinbase Derivatives and Coinbase Financial Markets, respectively, intending to launch single-stock perpetual contracts in the U.S. Coinbase's Chief Policy Officer Faryar Shirzad stated that the next step for the related products still requires approval from the U.S. Commodity Futures Trading Commission (CFTC).The two documents pertain to registration as a securities futures exchange and a limited-purpose securities futures broker. Since March 20, Coinbase has been offering 10x perpetual contracts for stocks such as Apple, Nvidia, and Tesla to non-U.S. users, settled in USDC and supporting 24/7 trading. U.S. users were previously explicitly excluded from this product.

Blockchain-native fintech startup OpenReserve has received preliminary conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a full-service national bank in Salt Lake City, Utah. The approval process took less than five months, with OpenReserve submitting its application on April 13.OpenReserve must raise at least $210 million in initial paid-in capital within 12 months and maintain a leverage ratio of at least 12% for three years after opening; it must also commence operations within 18 months, or the approval will become invalid. The relevant deadlines are September 2027 and March 2028, respectively. OpenReserve plans to offer tokenized deposits, fund management, foreign agency services, and banking-as-a-service for institutional clients. The full-service national bank license will allow for deposit-taking and lending activities once final approval is granted.OpenReserve previously completed a $25 million seed round financing, led by a16z crypto, with participation from Coinbase Ventures, Jump Capital, and Wintermute Ventures. The company intends to establish a wholly-owned subsidiary to issue and redeem dollar-denominated, reserve-backed stablecoins, but this subsidiary has not yet submitted an application to the OCC.

Cointelegraph reported that the crypto-friendly bank Revolut has received conditional approval from the Office of the Comptroller of the Currency (OCC) to obtain a national bank charter in the United States.The company aims to launch related services by 2027, which will include loans, credit cards, custodial deposits, and cryptocurrency access services.

The Office of the Comptroller of the Currency (OCC) has preliminarily approved OpenReserve's application for a national bank charter. The company completed a $25 million seed round of financing in April, led by a16z crypto, with participation from Jump Capital, Acrew, Coinbase Ventures, Clocktower, Quona, and the Middle Eastern venture capital fund AAF Management.OpenReserve is led by fintech executives including Dee Choubey, co-founder of MoneyLion, and is committed to combining traditional banking, blockchain infrastructure, and digital asset services, utilizing digital assets and technology to achieve 24/7 operations. OpenReserve is also applying for Federal Deposit Insurance Corporation (FDIC) insurance and has submitted its application to the FDIC.

According to the official webpage, the voting phase for the Solana double deflation proposal has ended, with a voter participation rate of 60.69%. Among the votes, 67% were in favor, the opposition rate was 25.16%, and the abstention rate was 7.84%, with the approval rate reaching the required 2/3 support threshold for passage. The proposal aims to reduce the inflation rate of SOL to about half of its original rate, increasing the deflation rate to 30%. Based on current estimates, this proposal will reduce the issuance of SOL by approximately 18.9 million over the next six years.In addition, the voting phase for the resource and fee inclusion proposal has ended, with a voter participation rate of 61.14%. Among the votes, 53.9% were in favor, the opposition rate was 18.92%, and the abstention rate was 27.18%, with the approval rate not reaching the required 2/3 support threshold for passage. This proposal suggests introducing a transaction fee mechanism based on resource consumption, charging fees according to the network resources consumed by transactions, which is expected to increase the daily burn rate of SOL from the current approximately 650 to between 7500 and 9000.

According to Bloomberg, billionaire Mukesh Ambani's Reliance Industries' digital and telecommunications business unit Jio Platforms has received regulatory approval, clearing a key hurdle for its long-awaited initial public offering (IPO). According to the official website of the Securities and Exchange Board of India (SEBI), the agency issued a letter of opinion to Jio Platforms within a week, indicating that it has been authorized to advance the IPO process.The listing plan for Jio Platforms has attracted significant market attention, as the company launched the reward token JioCoin, developed on the Polygon blockchain, last year. Community users have reported that the token has been integrated into Jio's web browser JioSphere.

According to a report by Reuters, on August 24 local time, a poll released by Reuters/Ipsos showed that public support in the United States for military action against Iran has fallen to its lowest level since the outbreak of the conflict, which has also kept President Trump's approval ratings at historically low levels.The four-day survey indicated that only 31% of Americans support military action against Iran, down from 37% in a March poll and 34% earlier in August.The report noted that the conflict with Iran has continued to damage Trump's public image. Two consecutive polls showed that only 33% of respondents approve of Trump's performance in the White House, the lowest level recorded for Trump since he took office in the Reuters/Ipsos poll.Additionally, about 83% of Americans expect that the conflict between the U.S. and Iran "will last a long time."The poll surveyed 1,215 American adults nationwide, with a margin of error of plus or minus 3 percentage points.

According to Bloomberg, the cryptocurrency project World Liberty Financial, supported by the Trump family, has received preliminary conditional approval from the Office of the Comptroller of the Currency (OCC) for a national trust bank charter, intending to establish World Liberty Trust Company. After final approval, the institution will be able to issue and redeem the stablecoin USD1 directly, manage its reserve assets, and provide digital asset custody services.This application comes at a time when the approval process for new bank charters in the United States has significantly accelerated. OCC data shows that 22 bank charter applications have been approved in the 19 months prior to Trump's second term, exceeding the total from the previous five years, with several being fintech and digital asset companies. World Liberty Trust Company is not a traditional commercial bank and cannot accept deposits insured by the FDIC or issue traditional loans.

Cboe BZX Exchange is seeking approval from the U.S. SEC to list a set of leveraged commodity ETFs, including daily leveraged products that provide 3x long exposure to Bitcoin and Ethereum. According to the proposed rule change document submitted on Friday, Cboe plans to launch the 3x Gold ETF, 3x Silver ETF, 3x Bitcoin ETF, 3x Ether ETF, 3x Crude Oil ETF, and 3x Natural Gas ETF.These funds will primarily achieve their objectives by holding CME or COMEX futures contracts and using cash and cash equivalents as collateral, aiming to deliver 3x returns corresponding to the daily performance of the underlying assets. Since the related products do not comply with the exchange's general listing standards regarding leveraged products, Cboe needs to apply for approval through special rules. Such highly leveraged funds are typically aimed at sophisticated investors for short-term tactical trading and are not suitable for long-term holding.The document also indicates that these funds will operate in the form of a "commodity pool," subject to CFTC regulation, rather than as an investment company under the 1940 Act regulated by the SEC, like many traditional ETFs. Commodity pools typically aggregate funds from multiple investors to trade derivatives or other commodity-related instruments.

According to Bloomberg, the stablecoin payment company RedotPay has postponed its plans for an IPO in the United States. Sources reveal that the company previously aimed to complete its IPO as early as this year, but the listing date may now be delayed until next year or even later. RedotPay needs to obtain regulatory approval from the country where it operates before advancing its IPO, and the company is also facing related legal issues that need to be addressed.

Bitwise CEO posted on the X platform that a large bank has allowed customers to borrow against the Bitwise Solana Staking ETF (BSOL), with a maximum loan-to-value ratio of 25%. He expressed his pleasure in seeing cryptocurrency continue to integrate into the mainstream financial system.

Cregis Custody FZE announced that it has received the In-Principle Approval (IPA) granted by the Dubai Virtual Assets Regulatory Authority (VARA), marking a significant milestone in its application for a Virtual Asset Service Provider (VASP) license.Upon completing the subsequent regulatory requirements and obtaining final approval, Cregis Custody FZE will launch regulated digital asset custody services.

According to Fox News, the U.S. Treasury Department has removed certain sanctions related to Iran from its website. A Treasury official stated, "This does not represent any change in U.S. policy toward the Iranian government, the Islamic Revolutionary Guard Corps Quds Force, any designated terrorist organizations or their supporters or agents. Today's removal is part of normal administrative procedures and was conducted after reviewing specific circumstances related to Fly Baghdad."Earlier, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) published an "Update on the Revocation of Terrorism Designation," lifting certain sanctions related to Iran, including removing Fly Baghdad from the sanctions list. Fly Baghdad was previously listed on the anti-terrorism sanctions list due to its association with the Iranian Islamic Revolutionary Guard Corps Quds Force.

Telegram founder and CEO Pavel Durov stated that Telegram was briefly removed from the App Store by Apple recently due to a user embedding illegal pornographic content in a public group. The app was restored within hours.Durov mentioned that the attackers exploited a technical vulnerability to insert AI-modified illegal content into old messages in active groups, hiding the content by editing historical messages, making it difficult for regular group members to discover and report it in a timely manner. Such attacks are classified as "takedown extortion," where attackers use automated accounts to embed violations in public groups and report them to platforms like Apple, attempting to force group administrators to pay a ransom, or else the community would be banned due to platform rules.Durov further explained that Telegram continuously combats illegal content through user reports, AI filtering, content hashing, and other mechanisms. This incident is not a systemic issue of the platform but rather a targeted attack exploiting rule loopholes by the attackers.He also warned that Apple's direct removal of the app without prior contact with Telegram could pose risks to all mobile applications that provide user-generated content (UGC), and platform developers need to enhance their defenses against malicious reporting and "takedown attacks."

According to Jinshi, U.S. President Trump stated that nothing can enter Iran without U.S. approval.

Hong Kong licensed cryptocurrency exchange HashKey Exchange has received approval from JPMorgan to open client fund accounts. HashKey Holdings stated that these accounts will support client fund segregation and settlement through JPMorgan's banking infrastructure.HashKey Exchange activated its client fund accounts with DBS Bank in Singapore on June 30, supporting fiat currency deposits, withdrawals, and settlement services. One week ago, HashKey Holdings merged the previously independent HashKey Exchange and HashKey Global applications into a single entry point.HashKey Holdings went public in Hong Kong last December, raising $206 million through an oversubscribed initial public offering.

According to a report by the Korean News Agency, a poll released on Monday shows that due to the impact of the stock market crash and other controversies, South Korean President Lee Jae-myung's approval rating has fallen to its lowest level since he took office in June last year. This poll, conducted by Realmeter and commissioned by the media EKN, indicates that the public's positive evaluation of Lee Jae-myung has decreased by 0.4 percentage points to 45.9%, marking a decline for the third consecutive week. The public's negative evaluation of Lee Jae-myung has risen by 1 percentage point to 50.5%, breaking the critical 50% mark for the first time.Another poll conducted by the same polling agency shows that the approval rating of the ruling Democratic Party is at 45.1%, an increase of 3.8 percentage points from the previous week; while the approval rating of the main opposition party, the People Power Party, has decreased by 2.9 percentage points to 37.7%.

According to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has suspended its decision to approve the Nasdaq cash-settled Bitcoin index options (QBTC) and will re-examine it in response to a legal challenge raised by the Chicago Mercantile Exchange (CME). The SEC has frozen the approval until August 24, seeking feedback from all parties. QBTC will remain suspended until the commission completes its review.The SEC conditionally approved the product for listing in May this year, but it requires an exemption from the CFTC. The CME raised objections in June, arguing that Bitcoin is a commodity and its options should fall under the exclusive jurisdiction of the CFTC, not the SEC. If the CME's claim is established, Nasdaq would need to register as a futures platform regulated by the CFTC or redesign the contracts.