Grayscale has filed the fifth amended version of its Zcash Trust registration with the U.S. SEC, according to The Block. The proposed product would convert the existing Zcash trust into a spot ETF and rename it Zcash ETF. The filing says the fund would list on NYSE Arca under the ticker ZCH, with a 2.5% annual sponsor fee. BNY Mellon would serve as transfer agent, while Coinbase Custody Trust Company, LLC would act as custodian.

Techub News reported that police in the United Arab Emirates have detained two Binance employees, who are currently under investigation. The reason for the detention and the matters involved have not been disclosed. Binance has not issued an official statement on the case. The report also said it is not clear whether the investigation is related to the exchange’s previous regulatory issues.

Brian Armstrong said on X that most G20 countries already have regulatory frameworks for crypto trading, and that the U.K. put such a framework in place a few months ago. He described the United States, home to the world’s largest financial market, as the main exception. Armstrong also said the Senate should pass the Clarity Act on Sept. 15.

ChainCatcher reported that Tesla (TSLA.O) has been approved to produce up to 5,000 autonomous vehicles in Nevada, United States. The brief item did not provide additional details about the approval, the vehicles, or a production timeline. It was published as a 7x24 news flash by ChainCatcher.

Techub News, citing the BBC, said Prince Harry is preparing to move back to the United Kingdom, but the deep rift between him and the Prince of Wales, William, remains unresolved. A source said William still feels betrayed and is unwilling to forgive or forget what happened. Royal observers described the brothers' estrangement as a major global news story and a public relations problem for the British royal family. The report says the piece is unrelated to Web3, cryptocurrency or blockchain.

Iranian Foreign Minister Abbas Araghchi said on social media that U.S. sanctions and pressure campaigns against Iran have all ended in failure, and that Washington’s latest economic pressure move will also fail. He said the U.S. claimed 14 years ago to be imposing the “harshest sanctions in history,” introduced “maximum pressure” 8 years ago, and demanded Iran’s “unconditional surrender” 5 months ago, but none of those policies worked. Araghchi also criticized what he described as a lack of substantive change in U.S. policy toward Iran across successive administrations. In his post, he said: “We have seen this act before. Same lies, just a different bully.” The comments came after U.S. President Donald Trump announced what he called the most devastating economic action ever taken against a country.

ChainCatcher reported, citing people familiar with the matter, that the trade agreement being negotiated by Canada and the US would introduce a quota system for Canadian steel exports. Steel shipped within the quota would face a 25% tariff, while volumes above the quota would be taxed at 50%. Canada would allow 4 million tons of steel a year to go to the US at the 25% rate and would remove its reciprocal tariffs on US steel. The report did not provide additional details on timing or implementation.

Galaxy research head Alex Thorn said the U.S. Securities and Exchange Commission proposed Regulation Crypto Assets, or Reg Crypto, on Aug. 18. He said the framework is designed specifically for crypto asset issuance and sales, rather than applying stock rules to tokens. The proposal could allow eligible token projects to issue to the public, including non-accredited investors, while also creating a process for token-related investment contracts to end once conditions are met. According to Thorn, the proposal would cover crypto assets that are not securities themselves but were issued or sold as part of an investment contract. He said the framework has four stages: fundraising, disclosure, development, and exit. The fundraising stage includes two new exemption paths, including a startup exemption that would allow up to $5 million over four years and a larger exemption similar to Regulation A that would allow between $20 million and $75 million over 12 months. Issuers would also need to disclose token supply, unlock schedules, minting and burning mechanisms, governance rights, smart contract details, source code, and project progress. Thorn said the proposal is notable because it introduces a “token lifecycle” approach, where a token can begin as part of an investment contract and later exit that status through a defined process. The SEC expects about 475 issuers a year could use the investment contract safe harbor, while about 130 projects are expected to use the new fundraising exemptions. Thorn said the near-term impact may be more about resolving existing regulatory uncertainty than triggering a new wave of token launches. The proposal is still in draft form and faces potential regulatory, state-level, and congressional hurdles.