WAO ART

Monochrome Asset Management has filed for Australia’s first spot Ether ETF, aiming to list it on Cboe Australia under the ticker IETH. The application was submitted on September 5, with hopes for approval and launch by the end of the month. ETF's in-kind subscription model will attract investors.

Mastercard and Mercuryo have launched a new Euro Crypto Card for seamless spending of cryptocurrencies. The card allows users to convert Bitcoin and Ethereum into euros. It supports non-custodial wallets like Trust Wallet and MetaMask, ensuring users retain control of their digital assets.

Changpeng Zhao (CZ), former CEO of Binance, is banned for life from managing or operating the crypto exchange. The ban is a key condition of the plea agreement between Binance and U.S. authorities. Current CEO Richard Teng confirmed the lifetime ban in an interview with Axios.

Nearly 90% of cryptocurrency firm applications to the UK's FCA were rejected in the past year. The FCA's 2024 report indicates that most failures were due to inadequate fraud protection. Over 87% of applications were either withdrawn or refused for insufficient anti-money laundering controls.

A new sidechain of Bitcoin, developed by the Unisat wallet team, is set to debut on September 9. Introduces a unique merged-mining mechanism allowing Bitcoin miners to merge-mine with Fractal Bitcoin every three blocks. The project aims to enhance scalability through recursive virtualization.

The Adam Molai Foundation hosted its fourth Health and Wellness Outreach in Marondera. The event was supported by partners like the Ministry of Health, Nyaradzo Group, and ZB Bank Holdings. A total of 255 individuals received medical consultations and medication during the outreach.

Codelco, Chile's state-owned copper mining company, acquires a 10% stake in the Quebrada Blanca mine for $520 million. The purchase was made from the National Mining Company (Enami) and unanimously approved by Codelco’s board. This acquisition supports Enami’s financial stabilization plan.