Fidelity has filed an application with the U.S. Securities and Exchange Commission to modify how its spot Ethereum ETF operates, seeking permission for the fund to stake on the Ethereum proof-of-stake network and distribute staking rewards directly to investors. The filing aims to give Fidelity’s Ethereum ETF a competitive edge, as other spot Ethereum ETFs currently on the market do not offer staking yields. It remains unclear when the SEC will make a decision.

Nasdaq-listed merchant bank FG Nexus disclosed in an SEC filing dated Aug. 12 that it sold all of its digital assets before June 30 and held no cryptocurrency at quarter-end. The firm previously held more than 50,000 ETH and said the wind-down of its digital-asset operation resulted in a $45.207 million loss. FG Nexus reported $144,000 in Ethereum staking revenue during the first half. It said the proceeds are being redirected toward acquisitions including land-lease manufactured-housing properties.

The U.S. Securities and Exchange Commission is considering an “innovation exemption” that would allow tokenized versions of stocks such as Apple and Nvidia to trade around the clock on blockchain platforms without full registration, with details expected at the agency’s Friday open meeting. BlackRock and JPMorgan have already tokenized U.S. Treasuries on the XRP Ledger, while Assetiko has tokenized commodities and U.S. equities and settles deposits and withdrawals in XRP. Over the past week, tokenized gold and stocks on the XRP Ledger have posted gains of more than 10% with XRP settlement. Ripple is described as having a full tokenization stack on XRPL, spanning payments, custody, brokerage, collateral management and a privacy layer.

Harmony’s blockchain was attacked, with hackers exploiting a network flaw to mint 4 billion ONE tokens—about 26% of the circulating supply. About 2.8 billion tokens were quickly moved to centralized exchanges, fueling market panic. ONE fell as much as 38%, and blockchain analysis linked the incident to 10,288 transactions across 409 wallets. Within four hours, 53% of validators had applied a security update.

Bullish has executed the first tokenized equity trades on a regulated digital asset exchange. The company tokenized its own stock, BLSH, on the Solana blockchain, and the tokenized shares began trading that day. Trades feature near-instant settlement, run 24/7, and settle in USD stablecoins.

Nasdaq has submitted a proposed rule change to the U.S. Securities and Exchange Commission to standardize how options on crypto ETFs are listed. If approved, qualifying crypto ETF options could launch without needing separate SEC approval each time. The exchange also proposes replacing the term “crypto asset” with “digital commodity,” explicitly excluding securities. The move comes as the CLARITY Act legislative effort remains stalled, underscoring Wall Street’s continued push into crypto products.

Fidelity Investments has added staking to its spot Ethereum ETF and will distribute staking rewards to holders on a quarterly basis. The move is intended to make the ETF more attractive by allowing investors to earn staking income alongside exposure to Ethereum price movements. The service runs on Ethereum’s proof-of-stake mechanism and is expected to lower the barrier for traditional investors to enter the crypto market while supporting growth in the ETF’s assets under management. Fidelity’s update follows similar steps by other ETF issuers as it continues to expand its crypto investment product lineup.

Blockchain analytics platform Arkham data show Bitmine sharply increased its Ethereum position over the past week, staking about $289.4 million worth of ETH and taking its staked share to 4.2% of Ethereum’s total supply. Over the same period, the company bought an additional $14.25 million in ETH. Bitmine’s total ETH holdings now represent 4.8% of Ethereum’s supply, underscoring the scale of its accumulation strategy.