Odaily News: The ICBA has sued the Office of the Comptroller of the Currency (OCC), alleging that its approval of multiple crypto firms to establish digital asset trust banks allows these institutions to avoid the same regulatory standards as traditional banks, creating a competitive disadvantage. (CoinDesk)

Odaily reports that Limited has announced the completion of an $18.5 million seed funding round, led by Third Prime, North Island Ventures (NIV), The House Fund, and Collab+Currency, with participation from ParaFi Capital, Pharsalus Capital, Digital Currency Group (DCG), 1982 Ventures, and Onigiri Capital. The project is a global financial platform for multinational enterprises, integrating local business accounts, Visa cards, payments, treasury and expense management, and crypto infrastructure.

Odaily News: Over the past five months, the market cap of the privacy coin sector grew from $11.97 billion to $36.51 billion, an increase of $24.54 billion, or approximately 205%. Among them, Zcash (ZEC) market cap increased by $20.27 billion, while Monero (XMR) increased by $4.33 billion.In January, the U.S. Securities and Exchange Commission (SEC) concluded its investigation into the Zcash Foundation without recommending enforcement action. On August 25, digital asset management company Grayscale converted Zcash Trust into the ZCSH spot ETF and listed it on NYSE Arca, making it the first listed privacy coin spot ETF in the United States.On September 8, Digital Currency Group (DCG) exchanged ZEC for approximately $100 million worth of ZCSH ETF shares. During the same period, the price of ZEC rose from $319 to $1,507, while XMR rose from $330 to $555. (Bitcoin.com News)

According to Odaily, parent company Digital Currency Group has increased Fortitude Mining's existing credit facility from $26 million to $50 million, with an additional commitment of $24 million. Fortitude Mining currently has approximately $31 million in available borrowing, which is expected to be fully disbursed in ZEC to fund the procurement of 9,000 Zcash ASIC miners, as well as capital expenditures for building and acquiring data centers, power infrastructure, and more.

Odaily News: Fortitude Mining, a Zcash mining-focused subsidiary under Digital Currency Group (DCG), has announced the appointment of Jaime Leverton, former CEO of Nasdaq-listed mining company Hut 8, as its new CEO to accelerate its reverse merger with Nasdaq medical technology company HeartSciences as part of a backdoor listing process.Leverton will officially take office on September 21 and will lead the newly listed company upon completion of the merger, while former CEO Andrea Childs will transition to CEO. The all-stock merger transaction was announced in June of this year, and the combined entity plans to rename itself Fortitude and trade on Nasdaq under the ticker symbol TUDE, with DCG expected to hold approximately 95% of the shares. Fortitude was spun off from Foundry's proprietary mining division in January 2025 and produced a cumulative 72,696 ZEC in the first half of 2026. (The Miner Mag)

Odaily News: According to market reports, Grayscale has submitted the fourth amended registration statement for the Grayscale Zcash Trust (ZEC) to the U.S. SEC. The trust is expected to be renamed upon the registration statement becoming effective and will list on NYSE Arca under the ticker "ZCSH." Additionally, DCG International Investments L, a subsidiary of Digital Currency Group (DCG), is in discussions with the sponsor to subscribe for approximately 200,000 ZEC worth of trust shares. However, the arrangement has not yet formed a binding agreement, and the final subscription amount may change or be canceled.

Odaily News, Strategy founder Michael Saylor has proposed the concept of the "Digital Assets Monetary Spectrum," categorizing different types of digital assets based on volatility, return potential, and transactional functionality.Saylor stated that the digital asset system can be divided into four tiers:Bitcoin (BTC): Digital CapitalSTRC: Digital CreditSR-strcUSX: Digital MoneyUSDT: Digital CurrencyHe believes that, moving from left to right, asset volatility and return potential gradually decline, while stability and transactional utility continue to increase.Saylor noted that Bitcoin is the "ultimate store-of-value asset," possessing high volatility, high potential returns, and digital asset characteristics that require no third-party credit endorsement. Stablecoins, on the other hand, serve as the "ultimate medium of exchange," emphasizing stability and payment functionality.Between the two, digital credit and digital money serve as the bridge connecting capital and currency. Among these, Saylor defines STRC as "digital credit," characterized by relative stability, high fixed returns, and certain store-of-value attributes.He further explained that digital money combines the technological aspects of digital currency with the economic attributes of digital capital, offering stability, yield capability, transactional convenience, and store-of-value functionality.Saylor stated that digital capital qualifies as a bearer asset, while assets such as digital credit, digital money, and digital cash are created and managed by digital finance companies, with their ownership layer corresponding to "Digital Equity." Together, these components constitute the future "Digital Finance Stack."

Odaily reports that Fortitude Mining, a mining company under Digital Currency Group (DCG), has signed a procurement agreement worth approximately $45 million. The deal involves mining hardware and infrastructure in Nebraska, aimed at advancing the vertical integration of Zcash mining. The expansion includes a $31.5 million commitment for miner purchases, along with two acquisitions totaling $13.9 million covering power contracts, land, buildings, and mining equipment. Fortitude stated that its controlled data center capacity has increased to over 60 megawatts in 2026. Fortitude is proceeding with a proposed merger with HeartSciences Inc., a Nasdaq-listed company. If completed, the DCG subsidiary will gain a public listing status. In the first quarter of 2026, Zcash accounted for 61% of Fortitude's mining revenue, while Bitcoin's share fell to 36%.

Odaily reported that cryptocurrency exchange Luno announced on July 28 that it will cut 20% of its global workforce and restructure its operations into three business units. The company did not disclose the total number of affected employees, with South African staff also included in the layoffs. Luno is headquartered in London, with operations spanning Africa and Asia, and is owned by US-based Digital Currency Group. CEO James Lanigan stated that the cyclical decline in retail crypto trading activity and the adoption of automation tools are the main reasons for this restructuring. Luno previously cut 35% of its staff in January 2023, when its total workforce was approximately 960 employees. Following this restructuring, the company will integrate its consumer platform and B2B API services, and establish a local currency stablecoin solutions unit along with an institutional business unit. Luno has notified users in certain markets that related services will be discontinued on September 1, 2026. Account deposit and purchase functions were already closed on June 1, and users are required to liquidate their holdings and withdraw funds to local bank accounts by August 31.

Odaily reported that Digital Currency Group's cryptocurrency exchange Luno plans to cut around 20% of its global workforce as part of a business restructuring and cost-control initiative. Luno CEO James Lanigan stated that the company will expand its B2B operations and continue investing in institutional clients, core infrastructure, compliance, and retail products. Luno currently serves approximately 16 million users in Africa and the Asia-Pacific region. It is opening up its liquidity, wallet, and compliance capabilities to banks, fintech companies, and telecom firms, enabling partners to offer crypto services under their own brands. The company also plans to advance non-USD stablecoin infrastructure in emerging markets.