Korea Zinc Co. shareholders will vote on Wednesday to fill five board seats in a contest that could shift control in the company’s two-year battle, according to Bloomberg. The fight has pitted Chairman Yun B. Choi against the company’s largest investor.

Block Inc. said it has applied to establish Builders Bank & Trust, an uninsured national trust bank. According to Bloomberg, the proposed bank would give the company a federal framework for custody of Bitcoin, stablecoins and other digital assets.

ARK Investment Management has filed an exemption request with the U.S. SEC to issue a tokenized share class for its ARK Venture Fund. According to ChainCatcher, the SEC published notice of the filing on August 24 and set September 18 as the deadline for hearing requests. The fund is a continuously offered closed-end interval fund and had total assets of $562 million as of January 31. The application proposes two classes: an exchange-listed class and a tokenized class recorded on distributed ledger technology, with ownership transferable peer-to-peer between registered alternative trading systems or whitelisted wallets. The tokenized shares would be issued at net asset value, without sales charges, and distributed by registered broker-dealers or the fund’s transfer agent. ARK is seeking relief under Sections 6(c), 18, and 17(d) of the Investment Company Act, as well as Rules 23c-3 and 17d-1, with Dechert serving as legal counsel. The filing does not name a tokenization service provider or blockchain. It lists fee categories for a tokenization agent and fund transfer agent, while BNY Mellon currently serves as the fund’s transfer agent, administrator, and custodian. ARK Venture Fund also holds equity in Securitize and a $10 million convertible note. SEC rules for the industry-anticipated tokenization "innovation exemption" framework are still being developed.

Nvidia director Mark Stevens reported selling 1.02 million common shares of Nvidia between September 3 and September 4 at prices ranging from $227.25 to $234.04 per share. According to ChainCatcher, the filing disclosed the transaction but did not provide additional details.

Global financial media focused on several major headlines overnight and this morning. According to Sina Finance, the main stories included U.S. military strikes near Iran's Kharg Island and the port city of Jask, oil prices rising, the U.S. Treasury preparing to expand bond buybacks, SoftBank planning to meet investors in New York, Apple CEO John Ternus set to unveil a foldable iPhone on Wednesday, and a renewed failure in the UK air traffic control system. According to Sina Finance, U.S. military strikes targeted areas near Iran's Kharg Island and the port city of Jask as the Trump administration increased economic pressure on Iran. Brent crude settled near $98 a barrel and kept rising after reports of explosions on Kharg Island. Brent rose about 1% to $97.92 a barrel, while WTI futures climbed 1.7% from last Friday's close to $93.03, the highest since early June. According to Sina Finance, Wall Street interest-rate strategists expect the U.S. Treasury to raise the size of its long-dated bond buybacks to as much as $10 billion per operation after announcing in August that it planned to at least double the program. According to Sina Finance, SoftBank Group will meet investors in New York next week to gauge interest in a potential dollar junk-bond sale. The company is continuing to borrow heavily to finance its large bets on artificial intelligence, and Chief Financial Officer Yoshimitsu Goto and other executives are scheduled to meet investors at Citigroup offices from September 14 to 17. According to Sina Finance, Apple will hold its annual iPhone product event on Wednesday, where CEO John Ternus will make his first appearance as chief executive after replacing Tim Cook on September 1. Market expectations are that Apple will unveil its first foldable iPhone, along with updates to the iPhone 18 Pro lineup and Apple Watch products. According to Sina Finance, the foldable iPhone is expected to resemble Samsung's mainstream foldable devices, but it may cost more than $2,000. Samsung's Galaxy Z Fold 8 starts at $1,899, while the higher-end Z Fold 8 Ultra starts at $2,099. According to Sina Finance, a fault in the air traffic control system caused several hours of severe disruption across the UK on Tuesday. Heathrow said the failure at National Air Traffic Services affected only departing flights, while other airports including Gatwick, Luton, Stansted, Birmingham, Manchester, and Edinburgh also reported delays or cancellations. FlightAware data showed more than 80 cancellations and about 200 delays at Heathrow alone.

The S&P 500 fell for a second straight session as rising oil prices fueled by Middle East tensions added to inflation concerns. According to Sina Finance, Brent crude futures rose for a third consecutive day and approached a seven-week high. The article said the United States struck an oil export hub on Iran's Kharg Island and tankers near the port city of Jask. It also said Iran's Revolutionary Guards warned tanker crews near Kuwait and Bahrain to abandon ship because they would be targets. Chris Larkin of Morgan Stanley's E*Trade said investors may find it difficult to shift attention away from inflation as geopolitical tensions push oil prices higher. The article added that Friday's U.S. CPI data could be a key factor in deciding whether the Federal Reserve raises rates this month, while swaps market pricing showed nearly a 60% chance of a rate hike next week. The Philadelphia Semiconductor Index rose for a fourth day. Intel jumped more than 9% after DigiTimes reported that the company may raise CPU prices, while Qualcomm gained more than 3% after winning an Amazon AI chip order and saying it will provide custom chips. At the close in New York, the S&P 500 fell 0.58% to 7,673.52. The Dow Jones Industrial Average dropped 1.18% to 52,786.07, the Nasdaq Composite lost 0.32% to 26,421.41, the Nasdaq 100 fell 0.12% to 29,507.7, and the Russell 2000 declined 0.52% to 2,960.204.

Heath Golden, chief executive officer of Marquee Brands, discussed the company’s planned acquisition of Canadian outdoor and lifestyle brand Roots, saying it fits Marquee’s strategy of buying timeless, high-awareness brands with room to grow, according to Bloomberg. Golden said Marquee is building a portfolio of about 24 brands, including Martha Stewart, Roberto Cavalli, Ben Sherman and BCBG, and sees Roots as a brand with strong consumer appeal and room to expand by category and geography.

Strategy is selling Nike Air Jordan and Nike Dunk shoes with its own logo on its website store for $250 each, and both items are currently marked sold out. According to Odaily, the shoes are not official Nike collaboration products. The Strategy store currently accepts credit cards, Apple Pay, and Google Pay, but does not support Bitcoin or other cryptocurrencies. The payment options drew criticism on social media, with some users noting that Bitcoin-themed merchandise cannot be bought with BTC. On Tuesday morning after the Labor Day holiday closure, Saylor said Strategy had repurchased $176 million of STRC preferred shares. The company has also recently paused Bitcoin purchases, while discussion of the sneaker merchandise appeared alongside that development on social media.

U.S. Commerce Secretary Lutnick is expected to meet with Mexican President Sheinbaum and Mexican Economy Minister Ebrard on Wednesday local time to discuss trade issues, including U.S. tariffs on Mexican automobiles and metal products. According to ChainCatcher, the talks are expected to focus on tariff-related trade matters between the two countries.

When political stances, private scandals, and even family feuds can be turned into a token, what will be the next thing to be financialized?

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse industry.

South Korea, Artificial Intelligence, South Korea is gambling its national destiny again. Golden Finance: South Korea has fired the first shot in the global "AI public utility" revolution.

Microsoft, Artificial Intelligence, One Person Burns Through $190,000 a Month; Silicon Valley Begins to Investigate Employee AI Bills. Golden Finance: "Some rush to the examination hall under the starry night, some resign and return to their hometowns."

Solana is hardworking, BSC is steadily improving, and Base is incompetent.

The trend is gradually becoming apparent: after assets are on the blockchain, the next step is to put market share on the blockchain. The real watershed moment for the industry may only begin after "market share is on the blockchain."

McDonald’s India’s X account briefly turned into an unlikely crypto drama after a series of posts from an unidentified person claimed to be an unpaid intern, alleged months of missing wages and said memecoin losses had left them “starving.”

Malone Lam is expected to plead guilty over his alleged role in stealing more than $240 million in Bitcoin from one investor.

In less than three months since its launch, Robinhood Chain's growth myth continues to be broken.

Brazil’s biggest banks are racing to put more cryptoassets in front of their customers, but there is one line they still have not crossed: putting their own money into digital assets.