[Bitpush Daily News Selection] Sources: Nasdaq is tightening scrutiny of "crypto custody" companies; Stripe and Paradigm-incubated payment public chain Tempo has launched its private testnet; BlockSpaceForce partners with Mainnet Capital to launch a crypto hedge fund targeting $100 million in assets under management.

Bitpush editors' daily selection of Web3 news:

[Insider: Nasdaq Tightening Scrutiny on "Crypto Treasury" Companies]

According to Bitpush, citing The Information and sources familiar with the matter, Nasdaq is strengthening its oversight of listed companies that purchase cryptocurrencies through fundraising. Companies are now required to obtain shareholder approval and disclose in detail the purpose of the purchase, associated risks, and the impact on their core business. Failure to comply may result in suspension or even delisting. Nasdaq is the primary exchange for most cryptocurrency stocks and currently requires some companies to obtain shareholder approval before issuing new shares to purchase cryptocurrencies.

[Stripe and Paradigm Incubated Payment Public Chain Tempo Launches Private Testnet]

According to Bitpush and official sources, the payment public chain Tempo, incubated by Stripe and Paradigm, has launched its private testnet. Tempo is designed for stablecoins and real-world payments, aiming to provide low fees, support for transferring and paying gas fees with any stablecoin, optional privacy, and over 100,000 TPS.

The first batch of partners includes Anthropic, Coupang, Deutsche Bank, DoorDash, Lead Bank, Mercury, Nubank, OpenAI, Revolut, Shopify, Standard Chartered, Visa, and others.

Tempo's application scenarios cover global payments and receipts, payroll, embedded financial accounts, fast and low-cost cross-border remittances, tokenized deposits with 24/7 settlement, micropayments, agent payments, and more. Tempo is built on Reth and is EVM-compatible.

[BlockSpaceForce and Mainnet Capital Launch Crypto Hedge Fund Targeting $100 Million AUM]

According to Bitpush and The Block, Singapore-based crypto consulting firm BlockSpaceForce announced a partnership with local licensed fund manager Mainnet Capital to launch a hedge fund focused on investing in crypto-related listed companies, including digital asset reserve (DAT) enterprises. The target assets under management are $100 million.

[Bloomberg Analyst: REX-Osprey to Launch First Dogecoin ETF Next Week]

According to Bitpush, Bloomberg Industry Research analyst Eric Balchunas stated on X: "Based on the prospectus they just filed, Rex appears set to launch a Dogecoin ETF next week under the 40 Act. Dogecoin looks to be the first, but the prospectus also mentions Trump, XRP, and Bonk, so those could also launch at some point—we'll see." The team has reportedly filed a prospectus for the REX-Osprey DOGE ETF with the U.S. Securities and Exchange Commission, with the trading code DOJE. The prospectus also mentions ETFs related to XRP, BONK, TRUMP, as well as BTC, ETH, 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 money from investors to implement collective investment strategies, protecting investors from conflicts of interest and fraud. According to the prospectus, DOJE seeks to gain exposure to the reference asset by investing in a Cayman Islands subsidiary, REX-Osprey DOGE (Cayman) Portfolio SP (i.e., the DOGE subsidiary).

[Bank of America Predicts Significant Internal Division at September Fed Meeting]

According to Bitpush and Golden Ten Data, Bank of America expects significant internal division at the Federal Reserve's September rate decision. Dovish members Waller, Bowman, Daly, and Milan (who is likely to be confirmed as a governor) may push for further rate cuts, while hawkish members such as Harker, Bostic, Musalem, and Schmid emphasize inflation risks. Even if there is a 25 basis point rate cut at the September meeting, there may still be dissenting votes in both directions within the committee.

[Justin Sun Responds to WLFI Blacklist Incident: Only Conducted Small Recharge Test, No Market Impact]

According to Bitpush, in response to World Liberty Financial (WLFI) blacklisting related addresses, Justin Sun stated that his address only conducted a small recharge test on the exchange, with a very low amount. Subsequently, address dispersion operations were performed, and there was no buying or selling activity involved, so it is impossible for this to have any impact on the market.