[Bitpush Weekly Web3 News Highlights] US CFTC plans to adopt Nasdaq monitoring system to expand cryptocurrency regulation; Trump family-linked bitcoin mining company completes merger and will be listed on Nasdaq; Ethereum Foundation to optimize the implementation path of its ecosystem support program and temporarily suspend public grant applications

Bitpush Weekly Web3 News Highlights:

[Bitcoin Mining Company Associated with Trump Family Completes Merger, to List on Nasdaq]

According to Bitpush, shareholders of Gryphon Digital Mining (ticker: GRYP) have voted to approve the merger plan with a subsidiary of Hut 8, jointly forming the "American Bitcoin Company" associated with the Trump family. After the merger, the company will implement a 5-for-1 reverse stock split on September 2 (after U.S. Labor Day) to meet Nasdaq's minimum share price requirement and will list under the new ticker ABTC.

According to the announcement, listed mining company Hut 8 (ticker: HUT) will hold about 80% of the merged entity, with the remaining 20% held by American Data Centers, supported by Trump's son. Eric Trump will serve as Chief Strategy Officer. The company plans to accumulate bitcoin reserves through mining operations and has previously raised $220 million through private placements to purchase bitcoin and mining machines.

[Ethereum Foundation to Optimize Ecosystem Support Program Implementation Path, Temporarily Suspends Public Grant Applications]

Bitpush reports, according to official sources, that the Ethereum Foundation has announced it is optimizing the focus areas and implementation path of the Ecosystem Support Program (ESP), and as part of the transition, has temporarily suspended public grant applications.

This adjustment will give the foundation time to redesign the grant model, shifting its focus to strategic initiatives, moving from passive response to proactive action, while supporting other priority areas of the Ethereum Foundation's teams.

The foundation mentioned that it has continuously optimized processes and improved efficiency over the past three years. However, as a public grant program with limited resources and a broad scope, the large influx of applications has consumed most of its time and energy, making it difficult to allocate resources to explore new strategic opportunities.

The foundation will continue to fund Ethereum public goods and accept applications, but will adopt a new approach, with specific details to be announced in future notices. The optimized focus areas and implementation path for ESP will be announced in Q4 2025.

[U.S. Department of Commerce Publishes GDP Data Hashes on 9 Public Blockchains]

Bitpush reports, according to an official announcement, the U.S. Department of Commerce announced today that starting with data from July 2025, it will publish actual Gross Domestic Product (GDP) data on the blockchain. According to revised estimates released by the U.S. Bureau of Economic Analysis, GDP in July 2025 grew at an annualized rate of 3.3%. This is the first time a federal agency has published economic statistics on the blockchain in this manner, and it is the latest initiative by the Department of Commerce to use innovative technology to protect federal data and promote public use.

The Department of Commerce has published the official hashes of quarterly GDP data for 2025 (and in some cases, total GDP data) on the following nine blockchains: Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism. At the same time, through coordination with Pyth and Chainlink oracles, this data is further disseminated.

[U.S. CFTC Plans to Adopt Nasdaq Surveillance System to Expand Crypto Regulation]

Bitpush reports, the U.S. Commodity Futures Trading Commission (CFTC) stated today that it will adopt Nasdaq's surveillance system to expand cryptocurrency regulation and protect markets from fraud, abuse, and manipulation. If Congress passes the legislation currently under review in both chambers, the CFTC's role in cryptocurrency regulation could be significantly expanded.

CFTC Acting Chair Caroline Pham stated that the new surveillance system will provide the agency with automated alerts and "cross-market analysis" capabilities, including access to comprehensive order book data to support real-time analysis and decision-making, preventing and detecting abuse in both traditional and crypto asset markets. The CFTC is also preparing for the growth of the cryptocurrency market. Earlier this month, the CFTC launched the "Crypto Sprint" initiative, focusing on crypto futures trading and recommendations from the President's Working Group on Financial Markets for digital assets.

[Hong Kong Deputy Secretary for Financial Services and the Treasury: Will Explore Tokenization for ETFs Already Listed on HKEX]

Bitpush reports, according to Zhitong Finance, at the inauguration ceremony of the Hong Kong Digital Asset Listed Companies Association, Joseph Chan, Deputy Secretary for Financial Services and the Treasury of the Hong Kong SAR, stated that in terms of tokenized product types, the Hong Kong SAR government actively issued green bonds three years ago and plans to regularize such bond issuance in the future, while also exploring the application of tokenization in various fields such as renewable energy.

In addition, the Hong Kong SAR government will take measures to explore tokenization methods for ETFs already listed on the Hong Kong Stock Exchange, further attracting investor participation.

[Canary Capital Submits Canary American-Made Crypto ETF Application to SEC]

Bitpush reports, according to market sources, digital asset management company Canary Capital has submitted an application to the SEC for the Canary American-Made Crypto ETF, intending to list on the Cboe BZX Exchange under the ticker MRCA. The fund invests only 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 Canary Staked Injective ETF.

[U.S. SEC Delays Decision on Canary Spot PENGU ETF and Grayscale Spot Cardano ETF Applications]

Bitpush reports, the U.S. SEC has delayed its decision on the applications for the Canary Spot PENGU ETF and Grayscale Spot Cardano ETF.

[U.S. CFTC Acting Chair May Join MoonPay After Formal Chair Confirmation]

Bitpush reports, crypto journalist Eleanor Terrett wrote that there are rumors that after the permanent chair is confirmed, U.S. Commodity Futures Trading Commission (CFTC) Acting Chair Caroline D. Pham will join the crypto payment platform MoonPay. MoonPay declined to comment.

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

[Vance: Ready to Assume Presidency if Anything Happens to Trump]

Bitpush reports, according to Golden Ten Data, U.S. Vice President Vance stated that if Trump suffers a serious tragedy, he is ready to assume the presidency. In an interview with USA Today, Vance discussed Trump's health, saying: If, heaven forbid, a serious tragedy occurs, I can't think of better on-the-job training than the past 200 days of work experience.

However, he said that the 79-year-old Trump is in good health, and despite recent questions about his health, he still maintains remarkable energy.