[Bi推 Daily News Selection] The US SEC delays the decision on the Canary Spot PENGU ETF and Grayscale Spot Cardano ETF applications; the acting chair of the US CFTC may join MoonPay after the formal chair is confirmed; CZ: B Strategy is supported by YZi Labs but is not leading, He Yi did not participate.

Daily selected Web3 news by BiTui editor:

[The SEC delays the decision on the Canary spot PENGU ETF and Grayscale's spot Cardano ETF application]

According to Bitu News, the SEC has postponed the decision on the applications for the Canary spot PENGU ETF and the Grayscale spot Cardano ETF.

[The CFTC Acting Chair may join MoonPay after the confirmation of the official Chair]

According to BiTui news, crypto journalist Eleanor Terrett reported that there are rumors that after the confirmation of the permanent chairperson candidate, the acting chair of the Commodity Futures Trading Commission (CFTC), Caroline D. Pham, will join the cryptocurrency payment platform MoonPay. MoonPay declined to comment on this.

A spokesperson for the CFTC did not deny the rumor, telling me: As she stated in May, Acting Chair Pham will return to the private sector once a new chair is confirmed. In the meantime, she remains committed to faithfully executing the president's agenda and fulfilling his promise to "win" in the cryptocurrency space.

【CZ: The B Strategy is supported by YZi Labs but is not led by them, He Yi did not participate】

According to Bit推 news, CZ clarified in a post that B Strategy will launch a $1 billion BNB treasury company listed in the United States, with support from YZi Labs, but it is not led by them. CZ emphasized that the statement in The Block's previous report mentioning "B Strategy will receive strategic support from YZi Labs led by CZ and He Yi" is an overinterpretation, and He Yi did not participate.

[Canary Capital submits application for Canary American-Made Crypto ETF to SEC]

According to news from BitPush, market sources report that the digital asset management company Canary Capital has submitted an application to the SEC for the Canary American-Made Crypto ETF, which is intended to be listed on the Cboe BZX exchange under the code MRCA. This fund will only invest in crypto assets invented, mined, or dominated in the United States and is considered a high-risk speculative product, currently awaiting approval. Canary has also applied for the Canary Trump Coin ETF and the Canary Staked Injective ETF.

Sequans Announces $200 Million Equity Plan to Accelerate Bitcoin Reserve Strategy

According to news from Bitpush, French semiconductor and IoT company Sequans Communications (NYSE: SQNS) announced the establishment of an "At The Market" (ATM) equity issuance program, allowing the company to issue American Depositary Shares at any time based on market conditions, with each share representing 10 shares of common stock, for a total amount of up to $200 million. Sequans stated that this program will serve as a tool for the first phase of its Bitcoin reserve strategy, with the funds expected to be primarily used to continue purchasing Bitcoin to support the company's long-term reserve strategy.

[Heritage Distilling completed a $223.8 million private placement round, currently holding over 53.2 million IP tokens]

According to BitPush news, Nasdaq-listed Heritage Distilling Holding Company announced the successful completion of a $223.8 million private financing round, with participation from Story Foundation, a16z crypto, Amber Group, Arrington Capital, dao5, Hashed, Mirana Ventures, Neoclassic Capital, Open World, Polychain Capital, Selini Capital, Stix, and Syncracy Capital. The new funds will support its financial strategy for digital assets based on IP tokens. As of now, the company holds over 53.2 million native Story tokens, with a holding value of approximately $320 million based on the price of $6.0668 on August 22.